Artificial Grass Turf Market Size, Share, Growth Analysis, By Material(Nylon, Polypropylene, Polyethylene, Others), By Application(Sports Courts & Gardens, Residential, Commercial), By Distribution Channel(Offline stores and Online stores), By Region - Industry Forecast 2024-2031

Artificial Grass Turf Market Driver

• In the upcoming years, it's anticipated that the artificial turf business will continue to expand. Artificial turf is increasingly in demand for residential and commercial uses due to its low maintenance requirements. The growing demand for artificial turf in the sports industry is caused by reasons including an increase in sporting events and adverse environmental conditions for the growth of natural grass.
• Antibacterial qualities in contemporary artificial turf serve to stop the spread of germs and bacteria. Furthermore, unlike genuine grass, the product is not exposed to potentially dangerous pesticides, making it suitable for use by both children and animals. Shortly, this is anticipated to present the artificial turf industry with attractive growth potential.

Artificial Grass Turf Market Restraint

• The price levels, time spreads, and quality spreads of the oil market all showed extreme volatility. As stocks increased above their 5-year average and the outlook for the global demand deteriorated amid rising supplies, time spreads changed from backwardation to contango at the same time. Wide volatility was also seen in the spreads between light sweet and medium sour oil, with the collapse of the Brent-Dubai and WTI-Dubai spreads indicating a global scarcity of heavier sour crude.