Well, there are seeds for grass as well, and there are not just one or two varieties of seeds, but many. This especially holds true for the turfs, on which most outdoor games are played; there is a different seed variety for every sport!!!
Turf seeds in general are used for leisure, landscape, and sports, however, sports constitute the largest share of all the uses. Such turf seeds are used in a number of sports, be it cricket, golf, football, baseball, etc. There are various types of seeds, each suited for a different sport, for instance, the most preferred varieties for golf are Ryegrass, Creeping Bentgrass, Bermuda Grass, Zoysia Grass, etc. There are several types in the market, like Creeping Bent Grass, Blue Kentucky Grass, Tall Fescue Grass, Rye Grass, Bermuda Grass, Zoysia Grass, Bahia Grass, and others.
Does this market for sports turf seed offer any benefits???
The demand for sports turf seed is a derived demand for turf-based sport fields, and with increasing number of tournaments, including the yearly Indian Premier League (IPL), the demand for turf seeds has been increasing rapidly over the years. There are a number of factors that make a natural turf field superior to an artificial one, some of the factors are stated below:
However, with the growing trend of synthetic fields around the world, the growth of the turf seed market has somewhat slowed down.
What is the scenario for such a niche market???
A report by Mordor Intelligence, a market research firm estimates a 10.2% CAGR for the global sports turf seed market, which was worth USD 836.7million in 2015.
What we are observing globally, in terms of sports turf seeds, is that the world trade of turf grass seed revolves around five major players. The United States is by far the largest producer and exporter of grass seed in the world. This is followed by the EU15 as a whole, then Canada and New Zealand follow. The other nations of significance in the market are Argentina and the Czech Republic.
The main hurdles for the global turf seed market are; falling yield, rapid adoption of artificial turf, and rising costs of growing turf seeds.
However, with increasing number of research studies ongoing for the development of drought tolerant and other types of turfs around the world. For instance, Grass Traits and Varieties (GTV) program represents research on a wide breadth of target traits for grass cultivars in the United Kingdom, it is expected that new and better varieties are likely to be developed in the future, which may further drive market growth.