Artificial Turf Market Industry Overviews & Outlook

The artificial turf market is expected to witness a CAGR of 4.8% between 2023 and 2028.

The Artificial turf market is estimated at USD 76.6 billion in 2022 and is projected to reach USD 114.3 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. The creation of building & construction, automotive, artificial grass, and other uses are just a few of the sectors that use artificial turf extensively. Artificial turf is gaining popularity due to its low maintenance cost and better durability compared to natural grass.

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Artificial Grass is expected to witness highest CAGR between 2023 and 2028.

Based on the artificial grass, artificial turf market can be segmented into contact sports, non-contact sports, leisure, and landscaping. The use of artificial turf is expected to grow significantly in the contact sports segment owing to factors such as the increase in the number of football pitches across the world, increase in investments in hockey in countries such as India, and growth in the popularity of American football in the US.

Contact sports are sports in which the participants necessarily come into physical contact with one another. The market for contact sports is driven by the higher adoption of artificial grass in sports tournaments for hockey, football, basketball, and high spending by key stakeholders of these sports, such as FIFA and UEFA. Non-contact sports are the sports with minimal physical contact between the players. These types of sports include tennis, golf, volleyball, cricket, lawn bowls, and baseball.       

Multi-filament segment is the largest filament type in terms of value and volume.

Multi-filament artificial grass is a robust and versatile synthetic turf variety characterized by fibers composed of bundled smaller filaments, often made from materials like polyethylene, polypropylene, or nylon. This type of artificial grass is prized for its exceptional durability and resilience, making it a preferred choice for demanding applications such as sports fields, commercial landscaping, playgrounds, and public spaces. Multi-filament fibers are designed to withstand heavy use and challenging conditions while maintaining an appealing appearance. They are commonly used in sports fields for soccer, football, and other sports, as well as in high-traffic commercial environments. Additionally, multi-filament artificial grass provides a cushioned and safe surface for playgrounds and is employed in golf course fairways, municipal parks, pet facilities, and even urban rooftop gardens due to its ruggedness and low maintenance requirements.

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Asia Pacific is the leading market for artificial turf.

The demand for artificial turf in Asia Pacific is largely fulfilled by the import of it from North America and Europe region. Increase in income levels and purchasing power, rise in the middle-class population, and demand for artificial turf from the building & construction industry provide promising prospects for the growth of the artificial turf industry. China holds a significant market in the Asia Pacific region for the artificial turf market.

Breakdown of Profiles of Primary Interviews:

• By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation- C Level- 50%, Director Level- 30%, and Others- 20%
• By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) - 20%, Latin America-10%, Middle East & Africa (MEA)-5%,

The report provides a comprehensive analysis of company profiles listed below:

DuPont (US), FieldTurf (Canada),Shaw Industries Group, Inc. (US), ACT Global (US), TigerTurf (US), Mohawk Industries, Inc. (US), Tarkett (France), Lowe’s Companies, Inc. (US), Interface, Inc. (US), Dixie Group, Inc. (US), Oriental Weavers (Egypt), Tai Ping Carpets International Limited (Hong Kong), Victoria PLC (UK), The Home Depot, Inc, (US)

Research Coverage

This report covers the artificial turf market by process, end-use industry, and region. It aims at estimating the size and future growth potential of the market across various segments. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall artificial turf market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

 Analysis of key drivers (Water conservation, All-Weather use), restraints (Upfront cost of installing, Release of microplastics), opportunities (Expanding Applications, New Technologies), and challenges (Quality & Longevity, heat retention in artificial turf) influencing the growth of the artificial turf market.

 ·         Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the artificial turf market.

 ·         Market Development: Comprehensive information about lucrative markets – the report analyses the artificial turf market across varied regions.

 ·         Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the artificial turf market.

 ·         Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like include DuPont (US), FieldTurf (Canada),Shaw Industries Group, Inc. (US), ACT Global (US), TigerTurf (US), Mohawk Industries, Inc. (US), Tarkett (France), Lowe’s Companies, Inc. (US), Interface, Inc. (US), Dixie Group, Inc. (US), Oriental Weavers (Egypt), Tai Ping Carpets International Limited (Hong Kong), Victoria PLC (UK), The Home Depot, Inc, (US), among others in the artificial turf market.

Printing Ink Market Industry Outlook 2024

The global printing ink market is estimated at USD 19.0 billion in 2022 and is projected to reach USD 28.6 billion by 2028, at a CAGR of 7.0% from 2023 to 2028. The driving forces behind the printing ink market's growth are diverse and interconnected, including technological advancements enhancing print quality and compatibility, industry-specific demands spanning packaging, publishing, textiles, and more, evolving consumer preferences for personalized and sustainable products, strict regulatory requirements necessitating compliant and environmentally friendly inks, the need to cater to innovative packaging trends, the rise of digital printing technologies requiring compatible inks, globalization demanding consistent branding, and the continuous pursuit of effective visual branding and differentiation.

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The water-based printing ink is projected to register the second highest CAGR during the forecast perio

The water-based segment dominated the overall printing ink market, both in terms of value and volume in 2022. Water-based printing inks are environmentally friendly ink formulations that utilize water as the primary solvent, emitting fewer volatile organic compounds (VOCs) and reducing health hazards. They are versatile and applicable in flexography, gravure, screen printing, and inkjet processes on porous substrates like paper and fabrics. While advancements have improved color vibrancy and print quality, longer drying times and sensitivity to moisture remain challenges. Water-based inks are compliant for food packaging and offer safer indoor use due to the absence of hazardous air pollutants, but may require surface treatments for non-porous materials. With applications extending to textiles and apparel, water-based inks provide a sustainable and customizable printing solution for diverse industries. This factors expected to boost demand for water-based printing inks in the market.

The gravure process segment accounted for the second largest share of the overall printing ink market

The printing ink market, in terms of value, gravure process segment accounted for the second largest share in 2022. The gravure process is a sophisticated printing technique utilized in the printing ink market, involving the engraving of images onto a cylindrical surface known as a gravure cylinder. This engraved cylinder holds ink that is precisely transferred to the substrate as it rotates, resulting in high-quality and detailed prints. Gravure printing is favored for its ability to reproduce continuous-tone images with color accuracy, making it ideal for applications like packaging, labels, and magazines. The process offers color consistency, substrate versatility, and the capability to achieve specialty effects; however, it entails set-up complexities and costs, suiting long print runs and applications demanding precision and durability such as flexible packaging and security printing.

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During the forecast period, the printing ink market in North America region is projected to register the third highest market share

The North American printing ink market thrives on its diversity, technological innovation, and sustainability emphasis. Serving industries ranging from packaging and publishing to textiles and advertising, the region adopts a mix of traditional and modern printing technologies, with digital printing's rise enabling customization and short-run efficiency. With a growing focus on eco-friendliness, printing inks are adapting to meet stringent regulations and consumer demands for greener solutions. This dynamic landscape also responds to evolving consumer preferences, packaging innovation, strict regulatory compliance, and the influence of diverse cultural and creative trends, shaping a market that caters to a wide array of applications across sectors, from retail branding to industrial labeling.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:

• By Company Type- Tier 1- 43%, Tier 2- 47%, and Tier 3- 10%
• By Designation- C Level- 33%, Director Level- 33%, and Others- 34%
• By Region- North America- 32%, Europe- 29%, Asia Pacific - 19%, South America - 10, Middle East & Africa -10%

The report provides a comprehensive analysis of company profiles:

Prominent companies include DIC Corporation (Japan), Toyo Ink SC Holdings Co., Ltd. (Japan), T&K TOKA CORPORATION (Japan), Tokyo Printing Ink Mfg. Co., Ltd. (Japan), FUJIFILM Holdings Corporation (Japan), Yip’s Chemical Holdings Limited (Hong Kong), Sakata Inx Corporation (Japan), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Hubergroup (Germany), Flint Group (Luxembourg), SICPA Holding SA (Switzerland), Wikoff Color Corporation (US), ALTANA (Germany), and DEERS i Co., LTD. (South Korea), among others.

Research Coverage

This research report categorizes the printing ink market by Type (nitrocellulose, polyurethane, water based, acrylic, UV curable), Process (gravure, flexographic, lithographic, digital), Application (cardboards, flexible packaging, tags & labels, cartons) & Region (North America, Europe, Asia Pacific, South America and Middle East and Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the printing ink market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the printing ink market. Competitive analysis of upcoming startups in the printing ink market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall printing ink market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

·      Analysis of key drivers (Growth of the digital textile and ceramic tiles printing industry, development of new ink resin technologies, increasing demand for printing ink from the packaging industry), restraints (Decline in the conventional commercial printing industry, and Shift from print to digital media), opportunities (Innovations in business printing and publishing, Increase in bio-based printing inks expected to act as opportunity for printing ink market), and challenges (Stringent regulations regarding disposal, The rising cost of raw materials) influencing the growth of the printing ink market

1.          Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the printing ink market
2. Market Development: Comprehensive information about lucrative markets – the report analyses the printing ink market across varied regions
3. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the printing ink market
4. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like DIC Corporation (Japan), Toyo Ink SC Holdings Co., Ltd. (Japan), T&K TOKA CORPORATION (Japan), Tokyo Printing Ink Mfg. Co., Ltd. (Japan), FUJIFILM Holdings Corporation (Japan), Yip’s Chemical Holdings Limited (Hong Kong), Sakata Inx Corporation (Japan), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Hubergroup (Germany), Flint Group (Luxembourg), SICPA Holding SA (Switzerland), Wikoff Color Corporation (US), ALTANA (Germany), and DEERS I Co., LTD. (South Korea), among others in the printing ink market