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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Geocells are also known as geogrids and is a subset of geosynthetics. They resemble a honeycomb structure and are generally made up of high-density polyethylene and polyester. Geocells are used across the construction industry especially for slope protection, earth reinforcement, channel protection, tree root protection, and load support.

The global geocells market is estimated to account for US$ 1,486.9 Mn in terms of value in 2020 and is estimated to grow at CAGR of 8.8% by 2027.

Drivers:

Growing demand for geocells from environmental applications is projected to foster market growth. As per the European Commission, around 115 million hectares of land in Europe are affected by water erosion, while 42 million hectares are affected by wind erosion. Increasing soil erosion due to various environmental factors which also includes a change in climatic conditions such as intense rainfall and steep topography is propelling the market growth of the geocells. In addition, increasing demand for geocell from flexible pavements application is expected to propel the market growth. Reinforced flexible pavements enhance the lifespan of a pavement by approximately two to four times when compared to unreinforced pavements. Also, there is a high demand for geocells in China due to increasing support from the Chinese government. Moreover, the Chinese government, under its 12th Five Year Plan, emphasized on expansion of rail routes in the country which in turn is expected to boost the demand for geocells in China. 

Asia Pacific region dominated the global geocells market in 2020, accounting for 34.0% share in terms of value, followed by North America, respectively.

Figure 1. Global Geocells Market Revenue Share (%), By Region, 2020

Geocells  | Coherent Market Insights

Market Restraints

The availability of cheap substitutes such as geogrids which are efficient and also has bearing capacity by offering passive resistance. Hence, the availability of alternatives in the market is projected to restrict the market growth. In addition, low awareness regarding the benefits of geocells among manufacturers of the construction industry across developing regions is expected to affect the demand for the products. This factor is projected to restrict the market growth of geocell.

Market Opportunities

Increasing road construction across developing countries is projected to offer potential market opportunities over the forecast period. According to the India Brand Equity Foundation, in April 2020, the Government set a target of constructing roads worth Rs 15 lakh crore (US$ 212.80 billion) in the next two years. Also, in 2019, the infrastructure sector witnessed seven mergers and acquisition (M&A) deals worth US$ 1,461 million. Thus growth in the infrastructure industry is projected to propel the market growth. Moreover, the growing adoption of HDPE in cold climatic conditions is projected to bring profitable opportunities to the market in near future. HDPE-based geocells can withstand temperatures ranging from –70° C to +110° C. For instance, regions such as Russia and Alaska have been witnessing extreme cold conditions as compared to previous years. As a result, infrastructure developers in these regions are increasingly preferring HDPE geocells as a sustainable solution for the long term.

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Geocells Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 1,486.9 Mn
Historical Data for: 2017 and 2019 Forecast Period: 2021 to 2027
Forecast Period 2020 to 2027 CAGR: 8.8% 2027 Value Projection: US$ 2,715.9 Mn
Geographies covered:
  • North America: U.S., Canada
  • Asia Pacific: China, India, Japan, South Korea, ASEAN, Australia, Rest of Asia Pacific
  • Western Europe
  • Eastern Europe
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Japan
  • Middle East & Africa: Middle East and Africa
Segments covered:
  • By Material Type: HDPE, PP, Polyester, and Others
Companies covered:

Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., and Tensar International Ltd

Growth Drivers:
  • Growing demand for geocells from environmental applications is projected to foster market growth
  • Increasing demand for geocell from flexible pavements application
Restraints & Challenges:
  • The availability of cheap substitutes such as geogrids

Figure 2. Global Geocells Market – Opportunity Analysis

Geocells  | Coherent Market Insights

By Product Type, HDPE dominated the global geocells market by 66% market share in 2020 in terms of value.

Figure 3. Global Geocells Market Revenue Share (%), By Material Type, 2020

Geocells  | Coherent Market Insights

Market Trends

Growing soil conservation programmes across North America is one of the emerging trends and growing such initiatives by the government will favor the market growth of the geocells. For instance, around 66% of soil erosion in North America has been caused by industrialization in the region. Various states in the U.S have implemented regulations to prevent soil erosion. Geocells are an ideal product in the conservation of soil erosion and they also offer long-term stability of slopes. Additionally, continuous product innovation by key players to cater to rising demand around the globe is one of the current trends in the industry. For instance, in July 2019, HUESKER launched the world’s first geogrid made from 100% recycled polyethylene terephthalate (PET). It is an environmentally friendly solutions that conserve natural resources during production and offer the same quality as their conventional counterparts. Thus, continuous product innovation by ley manufacturers will favor the market growth.

Global Geocells Market - Impact of Coronavirus (COVID-19) Pandemic

The outbreak of coronavirus has impacted the global economy and led to shutting down of major economic sectors. The first case of COVID-19 was reported in China in December 2019. The coronavirus pandemic has caused global economic disruptions in trade. The pandemic has impacted the global supply chain industry globally. Additionally, pandemic has affected the construction and industrial sector. This has somehow, negatively impacted geocells market a bit.

Competitive Section

Key players operating in the global geocells market include Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., and Tensar International Ltd.

Geocells are used across a range of environmental applications including earth reinforcement, soil stabilization, channel protection, and erosion control. Geocells are durable, lightweight, and three-dimensional systems. Geocells also referred to as Cellular Confinement Systems and are produced by using different materials such as HDPE, polyester, polypropylene, and other polymeric alloys. Geocells are used across the construction industry especially for earth reinforcement, slope protection, load support, etc.

Market Dynamics

Growing demand for geocells from environmental applications is propelling the target market growth. In addition, increasing soil erosion due to various environmental factors which also includes a change in climatic conditions is fueling the market growth of the geocells.

In addition, increasing demand for geocell from flexible pavements application is expected to surge the market growth. Furthermore, rising application of geocell in waste management is anticipated to boost target market growth. Also, the growing population around the globe is creating a demand for waste management.

Moreover, key players are focusing on various strategies such as mergers, collaborations, and product portfolio as well as business expansion. For instance, In June 2019, Strata introduced Wide Flexible StrataGrid Geogrid, a facility aims to cater to flexible geogrids (StrataGrid) and HDPE geocells.

Key features of the study:

  • This report provides in-depth analysis of geocells market, and provides market size (US$ Million & Million Square Meters) and compound annual growth rate (CAGR %) for the forecast period (2021-2027), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global geocells market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., and Tensar International Ltd
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global geocells market report caters to various stakeholders in this industry including investors, suppliers, geocells manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global geocells market

Detailed Segmentation:

  • Global Geocells Market, By Material Type:
    • HDPE
    • PP
    • Polyester
    • Others
  • Global Geocells Market, By Region:
    • North America
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
      • By Country
        • U.S.
        • Canada
    • Asia Pacific
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
      • By Country
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Western Europe
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
    • Eastern Europe
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
    • Latin America
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Japan
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
    • Middle East & Africa
      • By Material Type:
        • HDPE
        • PP
        • Polyester
        • Others
      • By Sub-Region
        • Middle East
        • Africa
  • Company Profiles
    • Presto Geosystems*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Polymer Group Inc.
    • Strata Systems Inc.
    • Armtec Infrastructure Inc.
    • Maccaferri SPA
    • PRS Mediterranean Ltd.
    • Tensar International Ltd

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Geocells Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Geocells Market – COVID-19
    • Impact Analysis
  5. Global Geocells Market, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
    • Introduction
      • Market Share Analysis, 2020, 2023 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • HDPE
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Million & Million Square Meters)
    • PP
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Million & Million Square Meters)
    • Polyester
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Million & Million Square Meters)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Million & Million Square Meters)
  6. Global Geocells Market, By Region, 2017- 2027 (US$ Million & Million Square Meters)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, For Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
      • Countries
        • U.S.
        • Canada
    • Asia Pacific
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
      • Countries
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Western Europe
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
    • Eastern Europe
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
    • Latin America
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
      • Countries
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Japan
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027
      • Market Size and Forecast, By Material Type, 2017- 2027 (US$ Million & Million Square Meters)
      • Sub Regions
        • Middle East
        • Africa
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Presto Geosystems.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Polymer Group Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Strata Systems Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Armtec Infrastructure Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Maccaferri SPA
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • PRS Mediterranean Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Tensar International Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 45 figures* on "Geocells Market” - Global forecast to 2027.

FAQgrowicon

Frequently Asked Questions

The global geocells market is estimated to surpass US$ 2,715.9 million by 2027 and is expected to exhibit a CAGR of 8.8% between 2021 and 2027.
Growing demand for geocells from environmental applications is expected to drive the market growth during the forecast period.
Growing soil conservation programmes across North America is the current target market trend.
The availability of cheap substitutes such as geogrids is expected to hinder the market growth.
Major players operating in the market include Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., and Tensar International Ltd.
The market was valued at US$ 1,486.9 million in terms of revenue in 2020.
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