Market Leaders: Major Players are Focusing on Investment and New Product Development to Strengthen their Market Position in Turf Protection Market
According to MarketsandMarkets, the turf protection market is projected to reach USD 8.1 billion by 2028 from USD 6.4 billion by 2023, at a CAGR of 4.9% during the forecast period in terms of value. The demand for turf protection products is primarily driven by the adoption of integrated pest management in the turf industry, as well as their increased usage in sports fields and residential & commercial properties.
The key players in this market include Syngenta Crop Protection AG (Switzerland), UPL Limited (India), Corteva Agriscience (US), Nufarm (US), Bayer AG (Germany), BASF SE (Germany), SDS Biotech K.K. (Japan), AMVAC Chemical Corporation (US), Bioceres Crop Solutions (Argentina), Colin Campbell (Chemicals) Pty Ltd (Australia), ICL Group Ltd. (US), Andersons, Inc. (US), FMC Corporation (US), Soil Technologies Corporation (US), CoreBiologic (US). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their global market presence.
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Syngenta Crop Protection AG (Switzerland), Syngenta Crop Protection AG is a global agribusiness that operates in the crop protection, and seeds segment markets. Its crop protection segment includes a range of herbicides, insecticides, fungicides, and seed treatments that enable growers around the world to improve agricultural productivity and food quality. The company markets its products in over 90 countries across the globe. In October 2020, the company announced its acquisition of Valagro, a leading Biologicals company, by its business unit Syngenta Crop Protection. Valagro has a strong presence in Europe and North America, as well as a growing footprint in Asia, including China and Latin America. The biologicals from Valagro can complement Syngenta's existing crop protection chemicals, allowing for more integrated pest management strategies that reduce the reliance on synthetic chemicals. Additionally, Valagro's expertise in plant nutrition can help improve soil health and promote healthier turfgrass growth.
UPL Limited (India), (formerly known as United Phosphorus Limited) is a global agrochemical company based in India. It provides a range of agricultural solutions, including crop protection products, seeds, and post-harvest solutions. The company offers a range of innovative and effective turf management solutions for golf courses, sports fields, and other turf areas. Their portfolio of products includes herbicides, fungicides, insecticides, and plant growth regulators that are designed to improve turf quality and health while controlling pests and diseases. The turf protection market related products are catered in Non-agro activity business segment. The company operates in over 130 countries covering regions such as North America, South America, Europe and Asia Pacific and has 28 manufacturing sites around the world.
Bayer AG (Germany), is a multinational pharmaceutical and life sciences company headquartered in Leverkusen, Germany. The company operates in three business segments: Pharmaceuticals, Consumer Health, and Crop Science. Turf protection market related products are catered in the crop science business segment. Bayer AG has a global presence with operations in over 90 countries, covering regions like North America, South America, Europe, Middles East, Africa and Asia Pacific. In March 2022, Bayer has announced that it sold its Environmental Science Professional business, which includes products for the turf Protection market such as herbicides, insecticides, and fungicides, to private equity firm Cinven for USD 2.6 billion. The divestment is part of Bayer's ongoing efforts to streamline its portfolio and focus on core businesses.
Related Reports:
Turf Protection Market by Product (Pest protection, Stress protection & Scarification), Solution ( Chemical, Biological & Mechanical), Mode of Application ( Soil, Seed & Foliar), Application (Sports & Recreational), & Region - Global Forecast to 2028
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