Turf Protection Market is projected to reach USD 6.41 billion by 2022

LONDON, June 14, 2017 /PRNewswire/ -- Highlights

·         The turf protection market is projected to grow at a CAGR of 4.45%.

·         The turf protection market is estimated at USD 5.15 billion in 2017, and is projected to reach USD 6.41 billion by 2022, at a CAGR of 4.45% during the forecast period.

·         The primary factors driving the turf protection market are in the rising demand from residential & commercial property development including increasing number of golf courses & other sports fields around the globe, and the usage of turf protection products in Integrated Pest Management programs.

·         The major restraining factors are stringent, yet inconsistent regulations for synthetic chemicals and the rising R&D costs associated with formulating newer active ingredients.

·         The biological segment is projected to grow at the highest CAGR, by solution, during the forecast period.

·         The biological segment is projected to grow at the highest CAGR during the forecast period.

·         The stress protection segment, by product, is projected to grow at the highest CAGR, during the forecast period.

·         The stress protection segment is projected to grow at the highest CAGR during the forecast period.

·         This is due to the more application areas of biofertilizers, biostimulants and other products such as micronutrients, starter fertilizers, and plant growth regulators which fall under stress protection.

"The turf protection market is projected to grow at a CAGR of 4.45%."

The turf protection market is estimated at USD 5.15 billion in 2017, and is projected to reach USD 6.41 billion by 2022, at a CAGR of 4.45% during the forecast period. The primary factors driving the turf protection market are in the rising demand from residential & commercial property development including increasing number of golf courses & other sports fields around the globe, and the usage of turf protection products in Integrated Pest Management programs. The major restraining factors are stringent, yet inconsistent regulations for synthetic chemicals and the rising R&D costs associated with formulating newer active ingredients.

"The biological segment is projected to grow at the highest CAGR, by solution, during the forecast period."

The biological segment is projected to grow at the highest CAGR during the forecast period. Stringent regulations in the European region and in several U.S. states against the usage of synthetic chemicals have led to a shift toward the usage of bio-based products. Biological products are easy to register due to not involving synthetic chemicals as a part of the formulation which makes them more popular among turf managers.

"The stress protection segment, by product, is projected to grow at the highest CAGR, during the forecast period."

The stress protection segment is projected to grow at the highest CAGR during the forecast period. This is due to the more application areas of biofertilizers, biostimulants and other products such as micronutrients, starter fertilizers, and plant growth regulators which fall under stress protection. Biofertilizers supply live soil microbes that help improve the soil fertility and plant mineral nutrition.

"The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period."

The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This is due to the rise in the number of sports fields, golf courses, and garden areas in countries of the Asia-Pacific region where the leisure sports-related infrastructure and tourism are promoted by governments, which in turn will increase the consumption of turf protection products in these countries.

Key players profiled in this report are the following:
• Dow AgroSciences LLC (U.S.)
• Syngenta AG (Switzerland)
• The Andersons Inc. (U.S.)
• FMC Corporation (U.S.)
• Idemitsu Kosan Co. Ltd. (Japan)
• Epicore BioNetworks Inc. (U.S.)
• Eco Sustainable Solutions Ltd. (U.K.)
• Pure AG (U.S.)
• Lallemand Inc. (Canada)
• CoreBiologic, LLC (U.S.)
• Lucerne Biotech UK Ltd. (U.K.).
• Soil Technologies Corporation (U.S.)
• Nuturf Pty. Ltd. (Australia)
• Backyard Organics, LLC (U.S.)
• TeraGanix, Inc. (U.S.)
• Evans Turf Supplies Ltd. (New Zealand)

Download the full report: https://www.reportbuyer.com/product/4936546/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/turf-protection-market-is-projected-to-reach-usd-641-billion-by-2022-300474146.html

SOURCE ReportBuyer