Request Sample
Request Methodology
Description
Turf Seed Market is growing at a significant CAGR of 5.3% during the forecast period 2022 to 2028 owing to 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 for increasing their share in global turf seed market. Moreover, increase in the preference for aesthetic appeal in residential areas, and increase in R&D for the development of modern seeds are expected to upsurge the revenue of turf seed market. Furthermore, acquisitions and mergers, product approvals, and product launchings 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 playground, home, golf course, and sports ground among others. The major advantages with turf grass include recreational, functional, and ornamental. Lawns and turfs are developed for controlling the soil erosion, reducing the dust, minimization of weeds, and improving aesthetic appeal of land. Cultivation of turf grass is a common feature in urban landscape of developed countries such as U.S.
Key Development:
In November 2020, Brett-Young Seeds Limited has broken ground on a substantial expansion of the company’s seed handling and processing capabilities at its Winnipeg, Manitoba headquarters. This investment enhances BrettYoung’s 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’s 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.
