Market Trends of Global Sports Turf Seed Industry
This section covers the major market trends shaping the Sports Turf Seed Market according to our research experts:
Increase in the Number of Tournaments
There is increased demand for sports over the years, which is leading to increased number of tournaments. It is estimated that at least 35 million kids between 5 and 18 currently play an organized sport each year in the United States. Among them, 21 million are involved in non-school youth sports, which are expanding. Youth soccer, for example, rose from 2,388,000 players in 1995 to 3,020,000 in 2012, with a near even split between girls and boys. By the late 1930s, there were 51 FIFA members. In 1950, after the interval caused by the Second World War, that number reached 73. Over the next half-century, football's popularity continued to attract new devotees, and at the end of the 2007 FIFA Congress, FIFA had 208 members in every part of the world.
North America is the Fastest Growing Market
North America is the fastest-growing region, owing to the upcoming strong demand in the United States. The most important cold season turfgrasses are Kentucky Bluegrass, Tall Fescue, and Ryegrass. Zoysia, Bermuda grass, and St. Augustine are the chief sub-types of the warm season turfgrass. Kentucky Bluegrass is mainly cultivated in the United States, and it has the maximum demand. The demand for seed varieties is relatively high for Bermuda grass. Turfs are being increasingly used for various sports, such as American football, baseball, soccer, and tennis, which creates a demand for turfgrass seed. Tennis is one of the few international elite-level sports that is played on many different surface types. Hence, it gives ample scope for the market growth in turf seed production. Although there is increased usage of turfs in sports, reports of turf-related injuries are also increasing. According to research conducted by Natural Grass, a leading manufacturer of natural turfs, the risk of ACL (Anterior Cruciate Ligament) injury is higher in the case of artificial turfs, compared to natural turf. Thus, the demand for natural turf seed in the US market is expected to increase.
