Geocells Market Analysis | 2023-2028

Market Insights

The geocells market was estimated at USD 402.06 million in 2022 and is likely to grow at a CAGR of 8.16% during 2023-2028 to reach USD 646.63 million in 2028.

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Market Dynamics

Introduction

Geocells are also known as cellular confinement systems. They are used in construction to help settle down the soil, prevent erosion on steep slopes and flat earth, and increase the structural strength for soil retention and load support.

Geocells are generally made of different materials, such as high-density polyethylene, polypropylene, and others and they are used in different applications, such as load support, channel & slope protection, retention of walls, and others.

Market Drivers

The growing demand for geocells is mainly due to the increasing construction activities in developing economies and cost-cutting in the maintenance and construction of roads.

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Key Players

Some of the major geocell manufacturers are-

• Strata Systems, Inc.
• PRS Geo-Technologies
• Presto Geosystems
• Koninklijke Ten Cate B.V.
• TMP Geosynthetics
• Terram Geosynthetics

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Raw Material Type

Based on the raw material type, the market is segmented as high-density polyethylene, polypropylene, and others. The high-density polyethylene segment held the largest share of the market in 2022 and is expected to maintain its dominance during the forecast period. The material is gaining traction in the industry owing to its excellent properties, such as durability, innate flexibility, chemical resistance, shield against bad weather, and UV protection.

By Design Type

Based on the design type, the market is segmented as perforated and non-perforated geocells. The perforated geocells segment dominated the market in 2022 and is likely to lead the market during the forecast period. Perforations provide better grip and it becomes easier to handle as the perforations make geocells lighter.

By Application Type

Based on the application type, the market is segmented as load support, channel & slope protection, retention of walls, and others. The load support segment leads the market. Geocells are applied in paved and unpaved roads, highways, container yards, and truck terminals, where heavy-duty vehicles are moving frequently. That is the reason why geocells are used to improve road safety and surface quality and reduce maintenance frequency.

Regional Insights

In terms of regions, North America is estimated to be the largest, whereas Asia-Pacific is estimated to be the fastest-growing geocells market during the forecast period. The presence of a large number of geocell manufacturers with huge production capacity and the ability of new product development is the major reason for the dominance of the North American market. Asia-Pacific has substantial availability of raw materials and cheap labor, which is helping companies to achieve low-cost manufacturing and earn better profits. These are the key drivers for Asia-Pacific’s fast growth during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects geocells market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The geocells market is segmented into the following categories:

By Raw Material Type

• High-density Polyethylene
• Polypropylene
• Others

By Design Type

• Perforated
• Non-Perforated

By Application Type

• Load Support
• Channel & Slope Protection
• Retention of Walls
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the raw material types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.