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Global Turf Protection Market to Reach $5.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Turf Protection estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027. Pest Protection, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stress Protection segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 5.5% CAGR
The Turf Protection market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$669.7 Million by the year 2027.



Scarification Segment to Record 2% CAGR
In the global Scarification segment, USA, Canada, Japan, China and Europe will drive the 2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$681.4 Million in the year 2020 will reach a projected size of US$777.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.1% CAGR through the analysis period.