Increasing Sport Events to Boost Global Artificial Turf Market Growth in the Coming Decade

According to a recent study from Future Market Insights, the global artificial turf market is estimated to be valued at $3,803.1 million and is expected to expand with a CAGR of 5.8% over the forecast period to reach $6,660.6 million by the end of 2027. Globally, the consumption of artificial turfs was pegged at 130.0 (Mn meter sq) in 2016 and is expected to increase with a CAGR of 5.4% over the forecast period and reach approximately 231 (Mn meter sq) by the end of 2027.

Trends in the global artificial turf market include: extensive use of artificial grass turfs in various applications; replacement of natural grass with artificial grass at sports venues; low replacement rate; growing popularity of sports events in Western Europe; availability and visibility of different types of products will help in the growth of the artificial turf market; and growing installation of artificial grass in MEA region.