Categories: Market Research

Geocells Market Outlook 2023-2032: Key Drivers, Trends, Growth

The Geocells Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/geocells-global-market-report

According to The Business Research Company’s Geocells Global Market Report 2024, The geocells market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to infrastructure development, environmental concerns, government regulations, cost-effectiveness, increasing awareness.

The geocells market size is expected to see strong growth in the next few years. It will grow to $2.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to climate change adaptation, smart cities initiatives, erosion control demands, increasing construction activities. Major trends in the forecast period include technological innovations, technological advancements, integration of geosynthetics in construction practices, technological innovations and digitization, advancements in material technology.

The growing construction projects is expected to propel the growth of the geocells market going forward. Construction projects refer to the systematic process of constructing, repairing, refurbishing, retrofitting, or adapting a building, or other built asset such as a tunnel or bridge. In construction projects, geocells are projected to be important to protect channels, maintain soil, and decrease floods. For instance, in March 2023, according to Zippia, a US-based technology, information, and internet company, in January 2023, 1.4 million new construction projects were completed, which is a 12.8% increase, compared to January 2022. Therefore, the growing construction projects is driving the growth of the geocells market.

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The geocells market covered in this report is segmented –

1) By Type: High-Density Polyethylene, Polypropylene, Polyester, Other Types

2) By Design Type: Perforated, Non Perforated

3) By Application: Load Support, Slope And Channel Protection, Retention Of Walls, Other Applications

Technological advancements are a key trend gaining popularity in the geocell market. Companies operating in the geocells market are adopting new technologies to sustain their position in the market. For instance, in July 2022, Presto Geosystems, a US-based real estate builder, and construction company launched ATRA wall key technology. ATRA wall key is the quickest and easiest way to join the GEOWEB Retaining Wall parts. The wall keys are the only geocell connector especially made for use in exposed wall face applications that are made of inactive, chemically inactive high-density polyethylene and offer a more stable and long-lasting mechanical connection than bolts or zip ties.

The geocells market report table of contents includes: