Geocells are also referred to as Cellular Confinement Systems and are widely used across a range of environmental applications such as soil stabilization, earth reinforcement, channel protection, and erosion control. Geocells are lightweight, durable, and three-dimensional systems. They are produced by using different materials such as polypropylene, HDPE, polyester, and other polymeric alloys.

The global geocells market accounted US$ 1,486.9 Mn in 2020 and is anticipated to grow at CAGR of 8.8% by 2028.

Global Geocells Market: Drivers:

The increasing application of geocell in waste management is expected to foster market growth. Also, the growing population around the globe is creating a demand for waste management. According to the United Nations, the world’s population is expected to increase by 20% between 2015 and 2025. Asia & Africa are projected to contribute 97% to this growth. Geocell helps retaining walls of landfills for waste management. Hence, the growing demand for geocell in waste management is projected to propel the market growth.

Global Geocells Market: Opportunities

The expansion of distribution networks by key manufacturers to increase the availability of geocells around the globe is projected to bring new market opportunities. Also, companies are investing heavily in the development of an innovative product with enhanced properties is again expected to foster the market growth of the geocells. Moreover, in Japan, various universities have conducted tests to check the performance of this material in earthquake-prone areas. Thus, growing such initiatives by the key manufacturer is projected to foster market growth.

Global Geocells Market: Recent Developments

In June 2019, Strata Introduced Wide Flexible StrataGrid Geogrid. StrataGrid is a new facility aims to caters to flexible geogrids (StrataGrid) and HDPE geocells.

Global Geocells Market: Restraints

Lack of proper rules and regulations across developing economies is acting as a major restraint factor for the market growth of geocells. Also, there is a lack of investment in the Asia Pacific due to various macroeconomic and regulatory environment which is again hindering the market growth.

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

The outbreak of Covid-19 pandemic has put all the business activities on halt. Construction and engineering is one of those industry that suffered the most during pandemic due to various restrictions imposed by the government which has ceased all the construction and commercial activities. As situation is improving major players are looking forward to regain their position in the market by adopting various growth strategies.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/geocells-market-2499

Key Takeaways:

  • The global Geocells market was valued at US$ 1,486.9 Mn in 2020 and is forecast to reach a value of US$ 2,983.5 Mn by 2028 at a CAGR of 8.8% between 2021 and 2028.
  • The HDPE segment was valued US$ 986.0 Mn in 2020 and is expected to witness a CAGR of 8.1% over the forecast period.

Global Geocells Market: Trends

The increasing use of geocells in water conservation projects is one of the growing trends in the market and this is projected to propel the market growth. Governments of various countries are using this product for the conservation of water applications. This is attributed to high tensile strength and durability which is expanding its application across water conservation projects around the globe. Hence, the growing use of geocells is projected to foster market growth over the forecast period. Additionally, growing popularity of lightweight and nano-fiber based geocells are fostering the market growth. Moreover, robust growth in the agriculture industry where the product is used in river embankment projects and strong irrigation facilities is again expected to foster market growth. Furthermore, the growing demand for polyester and polymeric alloys materials for the manufacturing of geocells as these materials are highly durable and can withstand harsh weather conditions is expected to propel the market growth.

Global Geocells Market: 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

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