by Playground hybrid turf is gaining popularity as an eco-friendly alternative to traditional playground surfaces like mulch, wood chips and rubber mulch. Hybrid turf is a durable and resilient surface made of a mixture of grass blades and synthetic fibers that mimic natural grass. It requires less maintenance than natural grass as it is resistant to wear and tear and can withstand intense foot traffic. The turf provides shock absorption and cushioning to help prevent injuries. Some key advantages of hybrid turf over other surfaces include lower maintenance costs as it does not need frequent mowing, watering or pesticide application. It is naturally adaptive to a variety of weather conditions and remains intact during heavy rains or snow.
The global Playground Hybrid Turf Market is estimated to be valued at US$ 7079.83 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the playground hybrid turf market size has been the growing demand for eco-friendly and sustainable products for sports facilities and playgrounds. Traditionally, playgrounds featured chips or rubber-like surfaces that pose several environmental concerns. However, hybrid turf offers a natural and environmentally safe alternative. It is hundred percent recyclable at the end of its life cycle and produces minimal waste. Many schools and community parks are opting for hybrid turf to promote greener spaces and reduce their carbon footprint. Another trend gaining traction is the development of hybrid turf systems specially designed for heavy foot traffic zones in public parks, school fields and professional sports stadiums. Advanced hybrid turf varieties combine synthetic fibers with extra durable grass varieties to withstand very high footfalls without wear and tear for many years.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate in the playground hybrid turf market due to high initial investment required for setting up manufacturing units. However, partnerships and acquisitions can be opportunities for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the presence of numerous established players offering a variety of products at competitive prices. Buyers have moderate switching costs.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of substitute raw materials and fragmented nature of suppliers.
Threat of new substitutes: The threat of substitutes is moderate as natural grass and artificial grass are alternatives to hybrid turf. However, hybrid turf offers various advantages over substitutes.
Competitive rivalry: The competitive rivalry is high owing to many international and regional players offering similar products and intense competition based on pricing and innovation.
Key Takeaways
The global playground hybrid turf market is expected to witness high growth over the forecast period. The global Playground Hybrid Turf Market is estimated to be valued at US$ 7079.83 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
North America dominated the market and is projected to continue its dominance over the forecast period owing to high investments in sports infrastructure development and presence of major players in the US and Canada. The Asia Pacific playground hybrid turf market is projected to grow at the fastest rate during the forecast period. Countries such as China, Japan, India, and Australia are increasingly investing in public parks and sports fields development, which is driving the demand for hybrid turf in the Asia Pacific region.
Key players
Key players operating in the Playground Hybrid Turf Market are Frinsa, Thai Union Group PCL, Century Pacific Food Inc., Bumble Bee Foods, LLC, Jealsa, Grupo Calvo, PT. Aneka Tuna Indonesia, American Tuna, The Jim Pattison Group, Bolton Group, and Dongwon Group. Frinsa and Century Pacific Food Inc. hold a significant share of the global market.
