In a recent published report, Kenneth Research has updated the market report for Turf Protection Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Turf Protection Market products.
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The global Turf Protectionmarket was valued at USD 4.91billion in 2016 and is projected to reach USD 7.44billionby 2025, growing at a CAGR of 4.8% from 2017 to 2025.
The rising number of turfs in both commercial and residential complexes is driving demand for turf protection products. The rising number of sport complexes and training facilities globally is expected to boost demand for these products. However, stringent regulations regarding chemicals used in turf protection is expected to hamper market demand.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing demand from commercial and residential projects
1.2 Adoption of integrated pest management
2. Market Restraints
2.1 Stringent regulations on chemicals
2.2 Gradual rise in demand for artificial turf
Market Segmentation:
The global Insecticide Seed Treatment market is segmented on the solution, product, mode of application, and region.
1. By Solution:
1.1 Mechanical
1.2 Chemical
1.3 Biological
2. By Product:
2.1 Stress Protection
2.2 Pest Protection
2.3 Scarification
3. By Mode of Application:
3.1 Soil
3.2 Foliar
3.3 Seed
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Nuturf Pty Ltd.
2. DOW Agrosciences LLC
3. Evans Turf Supplies Ltd.
4. Idemitsu Kosan Co. Ltd.
5. Backyard Organics LLC
6. Syngenta AG
7. Pure AG
8. Epicore Bionetworks Inc.
9. Teraganix Inc.
10. The Andersons Inc.
11. Corebiologic LLC
12. FMC Corporation
13. Soil Technologies Corporation
14. Lallemand Incorporated
15. Lucerne Biotech UK Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Turf Protectionmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report here – https://www.kennethresearch.com/report-details/global-turf-protection-market/10059193
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