Market Outlook By Credence Research Artificial Turf Market 2018-2026 | Page 3

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versatility & preparation and weather
utility further leading to the increasing
adoption of artificial turfs. These turfs
have a low environmental impact as
they are recyclable, need less water and
reduce the use of fertilizers and
pesticides. This has led to the increasing
application of artificial turfs across,
homes, golf courses, businesses and
public spaces. Rising urbanization is
another prominent factor aiding the
artificial turf market positively. This
factor
is
particularly
evident
in
developing countries where artificial
turfs are increasingly being used for
landscaping purposes. Growth in the
number of sport events across the world
and stadiums switching to artificial turfs
are two prominent factor complimenting
the artificial turf market growth. For
instance, US Bank Stadium is expected
to install a new artificial turf in 2019.
Reports suggest that the current turf
was purchased for US$1.5 million.
Similarly, Boise State University’s
athletic stadium is expected to install a
new blue artificial turf at the stadium in
2019. The installation would cost
US$600,000 to $1 million.