The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Overview

• 2023 Market Size: $6.52 billion
• 2024 Market Size: $6.87 billion
• CAGR: 5.3%

Growth Drivers:

• • Biopharmaceutical industry expansion
  • Advanced therapeutics
  • Public health concerns
  • Increased R&D investments
  • Rising incidence of viral infections

Future Market Projections

• 2028 Market Size: $8.21 billion
• CAGR: 4.6%
• Growth Drivers:
  • Increased vaccine production demand
  • Expansion in cell and gene therapies
  • Bioprocessing industry growth
  • Globalization of clinical trials
  • Focus on personalized medicine
  • Environmental sustainability
• Major Trends:
  • Digitalization and automation
  • Public-private collaborations
  • Adoption of single-use technologies
  • Viral safety in cell and gene therapies
  • Risk mitigation strategies

View More On The Turf Protection Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/turf-protection-global-market-report

Rise in Sports Industry to Drive Market Growth

• Sport Sector Growth:
  • Turf protection is essential for sports fields and stadiums, offering an artificial surface that mimics real grass.
  • Benefits include water drainage, minimized storage space, and damage prevention.
  • UK Sports Sector:
    • Worth $39 billion (2022)
    • Expected annual growth rate of 9.15% (2022-2026)
  • US Sports Participation:
    • Increased from 67 million (2020) to 68.3 million (2021), a rise of 1.8%
• Key Companies:
  • Backyard Organics LLC
  • Corebiologic LLC
  • Eco Sustainable Solutions Ltd.
  • Epicore Bionetworks Inc.
  • FMC Corporation
  • Syngenta AG
  • BASF SE
  • Bayer AG
  • UPL Limited
  • The Andersons Inc.

Product Innovations Transforming the Turf Protection Market

• Product Innovation:
  • Companies are developing new products to gain a competitive edge.
  • BASF SE Example:
    • Launched Alucion 35 WG insecticide for golf courses.
    • Controls a wide range of surface-feeding insects.
    • Unique pyrethroid-containing insecticide with a non-restricted use label.
• Innovation Benefits:
  • Provides easy mixing and handling.
  • Ensures healthy greens and uninterrupted play.

Signature Systems Group Expands Global Footprint with Matrax Acquisition

• Acquisition Details:
  • Company: Signature Systems Group LLC
  • Acquired: Matrax LLC
  • Purpose: Expand product line, diversify clientele, and enhance global product service platform.
  • Matrax LLC: Specializes in high-density, light-duty plastic mats for turf and ground protection.

Market Segmentation

• By Product:
  • Stress Protection
  • Pest Protection
  • Scarification
• By Type:
  • Mechanical
  • Chemical
  • Biological
• By Application:
  • Landscaping
  • Golf
  • Sports
  • Sod Growers

Regional Insights

• Largest Market: North America (2023)
• Fastest-Growing Region: Asia-Pacific (forecast period)

The turf protection market is poised for steady growth, driven by advancements in biopharmaceuticals, increasing sports activities, and ongoing product innovations. As the industry evolves, companies continue to expand their global footprint and diversify their offerings, ensuring sustained market expansion.

Request A Sample Of The Global Turf Protection Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=10400&type=smp

The Turf Protection Global Market Report 2024  provides comprehensive insights on the turf protection market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the turf protection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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