Turf Seed Market: By Turf Type (Blue Kentucky Grass, Rye Grass, Creeping Bent Grass, Tall Fescue, Zoysia Grass, Bermuda Grass, Others), By Application (Sports Grounds, Gardens, Others), By Mode of Application (Broadcasting, Overcasting, Hydroseeding, Others), and Geography 

 

Turf Seed Market is growing at a significant CAGR of 5.3% from 2023-2029. The increase in the demand for expansion of sports grounds and gardens around the globe. Most of the market players are actively involved in the development of newer turf seed products to increase their share in the global turf seed market. Moreover, an increase in the preference for aesthetic appeal in residential areas, and an increase in R&D for the development of modern seeds are expected to upsurge the revenue of the turf seed market. Furthermore, acquisitions and mergers, product approvals, and product launches are the key strategies adopted by the market players. For instance, in May 2016, BrettYoung Seeds Ltd. acquired Plant Science, Inc. for the expansion of turf seed business in Ontario. Turf seeds are used for the development of turfgrass covering the land aesthetically in surrounding venues such as playgrounds, homes, golf courses, and sports grounds among others. The major advantages of turf grass include recreational, functional, and ornamental. Lawns and turfs are developed to control soil erosion, reducing dust, minimization of weeds, and improve the aesthetic appeal of the land. Cultivation of turf grass is a common feature in the urban landscape of developed countries such as U.S.

Turf Seed Market Key Development:

• In November 2020, Brett-Young Seeds Limited has broken ground on a substantial expansion of the company seed handling and processing capabilities at its Winnipeg, Manitoba headquarters. This investment enhances BrettYoung ability to satisfy the needs of its seed production partners and meet end-use customer demand for its improved seed varieties.
• In October 2020, The Royal Barenbrug Group has aquired Simplot Jacklin Seed business. The transaction, which includes a supply agreement between Barenbrug USA and Simplot Partners, is finalised as of 2 October, 2020. All 50 Jacklin Seed employees will now work for Barenbrug.