The global Geocells Market is estimated to be valued at US$ 1915 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Geocells are stacked honeycomb structures made of high-density polyethene, polypropylene or polyester. They provide soil reinforcement, slope protection and retain walls. Geocells prevent soil erosion, control weeds and allow for vegetation growth which protects earth structures.
Market key trends:
Grass reinforcement is the fastest growing segment in the geocells market. Geocells filled with soil and seeded with grass are increasingly being used for slope protection, erosion control and channel lining applications. The honeycomb structure supports turf growth and reinforces soil. Geocells confine soil within compartments and lock it in place, preventing erosion. The confinement along with the turf reinforcement improves slope stability. The growing construction of roads and highways is boosting the demand for geocells in grass reinforcement applications.
Segment Analysis:
The global geocells market is segmented by type into extruded and molded. The extruded segment dominates the market as these geocells are suitable for permanent reinforcement or stabilization applications due to their recyclability and durability. Extruded geocells can withstand all weathering impacts and offer structural integrity over long-term use, which has increased their adoption across various end-use industries.
Key Takeaways:
The Global Geocells Market Growth is expected to witness high, exhibiting CAGR of 8.8% over the forecast period, due to increasing demand from transportation infrastructure and slope protection industries.
Regional analysis:
North America region holds the major share in the global geocells market due to rise in construction projects that require slope stabilizing and soil erosion control solutions. The region is projected to continue dominating during the forecast period owing to rapid infrastructural development and presence of key players in the US and Canada.
Key players:
Key players operating in the geocells market are Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., Maccaferri SPA, and Tensar International Ltd. Presto Geosystems and Polymer Group Inc. hold the largest market share due to their diverse product portfolio and wide distribution network across countries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it