The turf protection market is estimated at USD 5.15 Billion in 2017, and is projected to reach USD 6.41 Billion by 2022, during the forecast period. The benefits of turf grass includes prevention of erosion, ground water recharge, and creation of ambient temperature apart from serving its main purpose as a surface for recreational activities such as golf, parks, commercial and residential places. Turf grasses need protection from insects, weeds, and diseases. Turf protection chemicals include insecticides, fungicides, biologicals, and others chemicals which are used as preventive or curative remedies for this purpose.
One of the key trends of the previous decade around the world is the increasing investments in golf and recreational parks in an effort to enhance the number of foreign visitors and boost tourism revenue. This has seen the spread of golf and recreational parks globally and the number of world class golf courses and recreational parks have been gradually rising over the years as well. Some of the finest golf courses and recreational parks are locate in North America, Europe, Africa & Middle East countries and Asia. Growing area under golf and recreational parks across the globe would drive the need for turf protection products.
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The increasing affluence and environmental & aesthetic benefits of turf grass in urban landscape have also contributed to demand for turf grass which also requires fertilizers, pesticides, and other agrochemicals. The soil on which these turfs are grown also required to be maintained by providing key nutrients such as nitrogen, which helps to maintain soil vigor, and growth. These are some of the key trends which are driving the market for turf protection.
Integrated pest management (IPM) systems which incorporates suitable control techniques to keep pest damage below an established threshold level are gaining acceptance in the turf industry. The various methods used for controlling pests are biological, chemical, and cultural. The biological method involves using of parasites or other biological agents to control turf grass pests. Adoption of biologicals is gradually increasing across the globe mostly in North America and Europe; owing to growing awareness regarding environmental concerns. Rise in adoption of integrated pest management solutions in turf protection market would drive for high adoption of agrochemical products, along with growing preference for biological methods to control turf pest and diseases in key agrochemical markets. As per the European commission strategy of 2015, huge investments are required in bio based products to enable a shift from synthetic or chemical based products to bio based ones for use in the agriculture industry by 2020. All above factors, are the key drivers for growth in turf protection products across the globe.
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The key manufacturers in the value chain include 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.), CJB Industries, Inc. (U.S.), Martenson Turf Products, Inc. (U.S.), Sharda USA LLC, Vriesland Growers Cooperative, Inc. (U.S.), Evans Turf Supplies Ltd. (New Zealand), Soil Technologies Corporation (U.S.), Nuturf Pty. Ltd. (Australia), Lallemand Inc. (Canada), CoreBiologic, LLC (U.S.), AMVAC Chemical Corporation (U.S.), Growth Products Ltd. (U.S.), Oasis Turf & Tree (U.S.), Backyard Organics, LLC (U.S.), TeraGanix, Inc. (U.S.), Howard Fertilizer & Chemical (U.S.), and Lucerne Biotech UK Ltd. (U.K.).
