The global sports turf seed market is expected to register a CAGR of 5.1% during the forecast period (2020-2025). Recent advancements, like automated watering and rainwater infiltration technologies, have made the management further simple. Thus, lawn managers opt for natural turf seeds. The turf and grass seed industry remains extremely competitive and continues to grow rapidly due to the strong demand for development of both commercial property and the environmental and aesthetic benefits of turfgrass, especially in urban landscapes. Th global trade of sports turf grass seeds revolves around five major players. The United States is, by far, the largest producer and exporter of sports grass seed in the world. The United States is followed by Europe, Canada, and New Zealand. The other nations where turf grass is produced include Argentina and the Czech Republic.
Key Market Trends
Increase in the Number of Tournaments
There is increased demand for sports over the years, which is leading to increased number of tournaments. It is estimated that at least 35 million kids between 5 and 18 currently play an organized sport each year in the United States. Among them, 21 million are involved in non-school youth sports, which are expanding. Youth soccer, for example, rose from 2,388,000 players in 1995 to 3,020,000 in 2012, with a near even split between girls and boys. By the late 1930s, there were 51 FIFA members. In 1950, after the interval caused by the Second World War, that number reached 73. Over the next half-century, football's popularity continued to attract new devotees, and at the end of the 2007 FIFA Congress, FIFA had 208 members in every part of the world.
North America is the Fastest Growing Market
North America is the fastest-growing region, owing to the upcoming strong demand in the United States. The most important cold season turfgrasses are Kentucky Bluegrass, Tall Fescue, and Ryegrass. Zoysia, Bermuda grass, and St. Augustine are the chief sub-types of the warm season turfgrass. Kentucky Bluegrass is mainly cultivated in the United States, and it has the maximum demand. The demand for seed varieties is relatively high for Bermuda grass. Turfs are being increasingly used for various sports, such as American football, baseball, soccer, and tennis, which creates a demand for turfgrass seed. Tennis is one of the few international elite-level sports that is played on many different surface types. Hence, it gives ample scope for the market growth in turf seed production. Although there is increased usage of turfs in sports, reports of turf-related injuries are also increasing. According to research conducted by Natural Grass, a leading manufacturer of natural turfs, the risk of ACL (Anterior Cruciate Ligament) injury is higher in the case of artificial turfs, compared to natural turf. Thus, the demand for natural turf seed in the US market is expected to increase.
The global sports turf seed market is fragmented, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. The development of regional markets and local players in different parts of the world is the major factor responsible for the fragmented nature of the market. North America and Europe are the two regions with the maximum competitor activities.
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Table of Contents
1.2 Scope of the Study
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry attractiveness- Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1.4 Other Applications
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.2.4 South America
18.104.22.168 Rest of South America
5.2.5 Middle-East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East & Africa
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Ampac Seed Company
6.3.3 Columbia Seeds
6.3.4 DLF-Pickseed USA
6.3.5 Graham Turf Seeds Ltd
6.3.6 Hancock Seed Company
6.3.7 La Crosse Seed Corporation
6.3.8 Landmark Turf & Native Seed
6.3.10 Pennington Seed Inc.
6.3.11 Royal Barenbrug Group
6.3.12 Strover Seed Company
6.3.13 Summit Seed
6.3.14 Turf Solutions Ltd