Market Size of Turf Protection Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.49 Billion |
| Market Size (2029) | USD 8.25 Billion |
| CAGR (2024 - 2029) | 4.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Turf Protection Market Analysis
The Turf Protection Market size is estimated at USD 6.49 billion in 2024, and is expected to reach USD 8.25 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted the working of several markets, including the turf protection market globally. The pandemic affected the supply chain networks, resulting in losses for companies. In terms of supply, a short-term shortage of migrant laborers amidst distribution bottlenecks created a wide gap between the number of workers required for pesticide production. However, the COVID-19 pandemic had a short-term effect on the market growth but is likely to boost investment. The turf protection industry has been transforming over the years, with robust growth and changing trends.
Maintaining a lawn is a difficult task, and thus it needs turf protection to prevent losses caused by pests and weeds. Increasing high demand for sports like cricket, golf, and football is likely to fuel the market during the forecast period. Companies with high innovation are quickly adapting to the changes and earning a high margin. An increase in both export-oriented and domestic market revenue is observed for major players in the turf protection market. However, challenges such as competition between local players, increasing buyer bargaining power, and competition for good quality supply with low cost are the restraints to the forecast market.
