September 17, 2021
According to the business intelligence report titled ‘Global Plastic Fencing Market Size by Material (Polyethylene, Plastic composites, Vinyl, Polystyrene); by Product (Picket fence, Post and rail fence, Chain link fence, Gates); by Application (Privacy fencing, Temporary fencing, Boundary fencing, Pool fencing, Others); by End-Use (Residential, Agriculture, Commercial and industrial) , and Regional Forecasts 2021-2027.’, available with Market Study Report, global plastic fencing market was assessed at USD 4.06 billion in 2020 and is projected to amass USD 6.86 billion by 2027, growing at an annual rate of 7.8% between 2021 and 2027.
Consumer preference for renovation & remodeling in the residential vertical, and rising expenditure on construction of public & private infrastructure are the key factors stimulating global plastic fencing market outlook. As per the United States Census Bureau, construction expenditure in the United States increased to USD 1.3 trillion in 2019.
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For the unversed, a plastic fence is manufactured using synthetic plastic such as polypropylene, vinyl, nylon, recycled plastics or polythene ASA.
While launch of innovative products such as reflective fence and pre-woven vinyl fence, along with technological developments will aid revenue inflow, low physical strength of plastic as compared to other alternatives, and stringent regulations regarding plastic utilization will act as challenges for businesses in this domain.
Based on material, worldwide plastic fencing market is split into vinyl, polyethylene, polystyrene, and plastic composites. Speaking of product gamut, the industry is divided into gates, picket fence, chain link fence, and post & rail fence. As per application scope, the business sphere is bifurcated into pool fencing, privacy fencing, boundary fencing, and temporary fencing. Moving on to end-user spectrum, the market is classified into agriculture, residential, and commercial & industrial.
From regional frame of reference, North America held majority industry share in the recent past, owing to consumer inclination for aesthetic fencing at low cost. Meanwhile, Asia Pacific market is projected to record significant expansion between 2021-2027, due to growth of construction sector.
Leading companies profiled in global plastic fencing industry report are CertainTeed Corporation, Barrette Outdoor Living Inc., Itochu Corporation, Superior Plastic Products Inc., South Camden Iron Works Inc., Prizm Vinyl Corporation, VEKA Inc., Weatherables, Tenax Corporation, and Associated Materials LLC.