According to Global Market Insights, Inc., the plastic fencing market is expected to reach $ 6.3 billion by 2026.
Selbyville, Delaware, Jan. 30, 2020 (GLOBE NEWSWIRE) –
Global Market Insights, Inc. recently added a new report on the Plastic Fencing Market which estimated that the global Plastic Fencing market valuation will exceed $ 6.3 Billion by 2026. The market growth is due to product innovations and technological advances in the material and manufacturing process. Advanced sales channels and robust production lines have encouraged the introduction of novel and improved fence materials. In addition, the increase in remodeling and construction work is expected to fuel industry growth over the forecast period.
Low cost, minimal maintenance, and high durability are among the key factors driving the plastic fencing market size. The products may experience a competition between wooden fences during the forecast period due to their traditional and classic appearance that the wooden fence offers for landscaping. However, wooden fences require a lot of maintenance and are prone to termites and pests. In addition, improper installation of the wooden fence can warp the fence and compromise the integrity of the fence.
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Some Key Findings Of The Plastic Fencing Market Report Are:
- DIY trends that have a positive impact on industry growth.
- The growth in public recreational areas like parks will improve the installation of fences.
- Vinyl fences lead the industry size.
Based on the material, the plastic fence industry is divided into polyethylene, polystyrene, plastic composites, and vinyl. Polyethylene has a CAGR of 7.2% due to superior properties such as rustproofness, UV resistance and less deterioration. It has a lesser degree of decay or deterioration due to variability in impact, abrasion, structural stress, biological, thermal, radiological (ultraviolet), and chemical causes.
The plastic fence products include picket fence, post and rail fence, chain link fence and gates. Gates are mostly available in one-piece models and are ideal for backyards, pool canopies, and fencing. These are preferably installed to provide additional security and privacy. The gate fences protect against the weather and are ideally used in commercial and residential areas. In addition, these fences are provided with an environmentally friendly vinyl coating, which offers maintenance-free protection and resists corrosion.
Browse key industry intelligence across 245 pages with 313 market data tables and 12 illustrations and charts from the report. “Market size for plastic fences by material (polyethylene, plastic composite materials, vinyl, polystyrene), by product (picket fence, post and rail fence, chain link fence, gates), by application (privacy screen, temporary fence, border fence, pool fence)), by end use (residential, Agriculture, Commerce and Industry), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share and Forecast, 2019-2026 ” in detail together with the table of contents::
Border fence products are driven by the increasing propensity for home decor and security. It is used for residential and commercial buildings as well as for hotels and entertainment complexes. In addition, factors such as the recovery of residential complexes and the growing demand for housing covers will support segment penetration over the forecast period.
The growing need to protect arable crops and agricultural land from wild animals is likely to fuel demand in the agricultural segment. Consumers use fences to store agricultural and gardening implements. Increasing product availability in a variety of sizes, including small, medium, and large products, as well as custom dimensions, increases product demand. In addition, the commercial and industrial segment is expected to grow due to demand from colleges, schools and industrial buildings.
Europe holds a significant share of the plastic fencing market and is attributed to the presence of several manufacturers. The industry players are working with retailers to serve a larger consumer base. Consumers install fences to ensure demarcation of boundaries and restriction of pedestrian access. In addition, increasing projects after development and renovations will improve regional penetration over the period under study.
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The players in the industry work together strategically to develop innovative products. Key players include CertainTeed, Walpole Outdoors, Superior Plastic Products, Southern Vinyl Manufacturing and Associated Materials.
Sub-chapter of the table of contents of the report (TOC):
Chapter 3. Insights into the Plastic Fence Industry
3.1. Industry segmentation
3.2. Industrial landscape, 2016-2026
3.3. Analysis of the industrial ecosystem
3.3.1. Raw material supplier
3.3.3. Profit margin analysis
3.3.4. Sales channel analysis
3.3.5. Supplier matrix
3.4. Technology landscape
3.5. Commodity trends
3.6. Industry best practices and key purchase criteria
3.7. Price trends
3.7.1. North America
3.7.3. Asia Pacific
3.7.4. Latin America
3.8. Cost structure analysis
3.9. Regulatory landscape
3.10. Influences of industry
3.10.1. Growth driver
220.127.116.11.1. Strengthening the construction industry around the world
18.104.22.168. North America
22.214.171.124.1. Growing demand for environmentally friendly composite materials
126.96.36.199.1. Increasing demand for decorative and improved product designs
188.8.131.52. Asia Pacific
184.108.40.206.1. Increasing construction activities and safety awareness
220.127.116.11. Latin America
18.104.22.168.1. Growth in remodeling and renovation activities
22.214.171.124.1. Increase in infrastructure development
3.10.2. Pitfalls and challenges in the industry
126.96.36.199. Government Regulations Regarding Plastics
188.8.131.52. Low physical strength compared to alternatives
3.11. Comparative analysis of wood versus metal versus plastic fences
3.12. Growth Potential Analysis, 2018
3.13. Porter’s analysis
3.13.1. Supplier performance
3.13.2. Purchasing power
3.13.3. Newcomer threat
3.13.4. Industry rivalry
3.13.5. Threat from substitutes
3.14. Competitive landscape, 2018
3.14.1. Top player analysis
3.14.2. Main actors
3.14.3. Strategy dashboard
3.15. PESTEL analysis
Browse through our infographic @ https://www.gminsights.com/infographics/plastic-fencing-market
About global market insights
Global Market Insights, Inc., headquartered in Delaware, USA, is a global market research and consulting service provider. Offering syndicated and custom research reports and growth advice. Our business intelligence and industry research reports provide clients with deep insights and actionable market data specifically designed and presented for strategic decision-making. These comprehensive reports are based on a proprietary research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energy and biotechnology.