Plastic Fencing Market Size Report Trends & Forecast 2030

Plastic Fencing Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Material (Polyethylene, Plastic Composites, Vinyl, and Others), Product (Picket Fence, Post and Rail Fence, Gates, and Others), and End Use (Residential, Agriculture, Commercial, and Others)

  • Report Code : TIPRE00011408
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
Buy Now

The global plastic fencing market size was valued at US$ 6,250.00 million in 2022 and is projected to reach US$ 9,358.99 million by 2030; it is anticipated to record a CAGR of 5.2% from 2022 to 2030. 

MARKET ANALYSIS

Plastic fencing is a type of fencing made from synthetic materials. These materials tend to be a bit more durable, and easier to install. Plastic fencing is used as an alternative to wood fencing. Plastic fence eliminates the need for costly efforts of painting or staining to protect. As it does not absorb moisture it does not blister, peel, corrode, or rot. Plastic fences are cheaper as compared to wood and iron fences. The plastic fencing market has witnessed significant growth owing to factors such as shifting consumer preferences toward remodeling & renovation, particularly in the residential sector. Additionally, technological advancements and product innovations, including a pre-woven vinyl fence, and the reflective fence will boost the product demand.

GROWTH DRIVERS AND CHALLENGES

Rising consumer awareness about safety & security provides a significant opportunity for the plastic fencing market. Plastic fences are used for securing building sites and danger zones. Also available with integrated mounting poles. The construction industry in various countries across the globe is rapidly growing. Rise in government investments and increase in demand for residential constructions are propelling the growth of the construction industry. Further, European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate and infrastructure industries. According to the European Construction Industry Federation, the volume of permits for new buildings (excluding civil engineering) in Germany was US$ 130 billion in 2021, 8% more than in 2020. In North America, the construction industry is one of the significant contributors to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the construction sector in North America. In November 2021, the US government approved a US$ 1.2 trillion infrastructure bill to aid federal investments in various infrastructure projects. Also, construction spending is expected to increase by 5.5% by 2023. Such initiatives generate demand for construction services, equipment, and materials. The governments and regulatory authorities in the Asia Pacific are focusing on additional infrastructure investment. In India, the growth in construction activities is driven by growing industrialization, increasing population, growing middle-class income, and increasing infrastructure development. According to the National Investment Promotion & Facilitation Agency (India), the Indian construction industry is projected to reach US$ 1.4 trillion by 2025. Moreover, the Government of India initiatives such as Housing for All, Smart Cities Mission, and Swachh Bharat Abhiyan are projected to boost the demand for building materials in India. In the residential sector, plastic fencing is highly used for security purposes. Plastic fencing and its composite product building allow it to be extra-long lasting and UV steady than other kinds of fencing. Along with this, an increase in residential construction activities across the world is leading to an increased demand for plastic fencing. For instance, in the Middle East, the Saudi Vision 2030 plan is driving the growth in construction activities in the residential segments. According to Amarok in India, the sales of housing units increased in seven cities by 29%, and new launches by 51%. Along with this, the increasing investment in residential construction is instigating the growth of residential construction leading to an increase in demand for plastic fencing. According to Statistics Canada, an agency of the Government of Canada has stated that in 2021, the investment in residential construction was up by 28.4% to US$162.0 billion as compared to non-residential construction having a fall in investment by 0.9%. According to the analysis by Insight Partners, the residential construction spending in the US is higher than the non-residential sector boosting the residential construction activities, in turn leading to an increased demand for plastic fencing. Thus, the growing residential construction along with an increased application of plastic fencing in the residential construction sector is driving the growth of plastic fencing across the world. The rising preference and utilization of plastic fencing in residential, commercial, industrial, and agriculture, owing to its advantages such as low cost and ease of installation, is contributing to the growth of the plastic fencing market.

Strategic Insights

REPORT SEGMENTATION AND SCOPE

The "Global Plastic Fencing Market Forecast to 2030" is a specialized and in-depth study with a major focus on the global plastic fencing market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation based on material, product, end-use, and geography. The global plastic fencing market has been witnessing significant growth over the past few years and is expected to continue this trend during the forecast period. The report provides key statistics on the use of plastic fencing worldwide, along with their demand in major regions and countries. It also provides a qualitative assessment of various factors affecting the plastic fencing market performance in major regions and countries. The report also includes a comprehensive analysis of the leading market players and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative plastic fencing market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global plastic fencing market, which helps understand the entire supply chain and various factors affecting the market growth.

 

SEGMENTAL ANALYSIS

The global plastic fencing market is segregated based on material, product, and end-use. In terms of material, the market is segmented into polyethylene, plastic composites, vinyl, and others. By product, the market is segmented into picket fence, post and rail fence, gates, and others. By end use, the market is segmented into residential, agriculture, commercial, and others.

Based on material, the vinyl segment held a significant global plastic fencing market share in 2022. Vinyl fencing is made from polyvinyl chloride (PVC) is highly durable and requires low maintenance. It is a popular choice in the residential sector. By product, the picket fence segment held a significant global plastic fencing market share in 2022.  By application, the residential segment led the global plastic fencing market with a significant market share in 2022. Plastic fencing is popular for both residential and commercial construction. 

REGIONAL ANALYSIS

The report provides a detailed overview of the global plastic fencing market concerning five major regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America. APAC accounted for a significant part of the global plastic fencing market share. The plastic fencing market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. This region has been noticed as one of the prominent markets for the utilization of plastic fencing owing to the surge in construction activities. Moreover, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India. The rise in foreign direct investments also leads to economic growth in the region.

The growing use of plastic fencing in residential and nonresidential sectors is anticipated to fuel the demand in Asia Pacific. The building & construction industry is a strong contributor to the market's growth. For instance, in India, the construction industry is the second-largest industry after agriculture, accounting for about 11% of the country's GDP. 

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnerships, acquisitions, and new product launches are a few prominent strategies adopted by the players operating in the global plastic fencing market.

In August 2023, Oldcastle APG, a CRH Company acquired the fencing, railing, and decking assets of CertainTeed.

IMPACT OF COVID-19 Pandemic/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries across the globe. The crisis disturbed supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. These disruptions restricted the availability of construction materials. It caused delays in production and increased costs, negatively impacting the overall supply of plastic fencing. Many manufacturing activities were temporarily halted or scaled back during the COVID-19 pandemic to comply with lockdown measures and ensure the safety of workers. In addition, the pandemic impacted the global economy, leading to fluctuations in commodity prices and reduced demand for construction materials.

The global marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Construction activities are rebounding as countries gradually recover from the pandemic and vaccination efforts continue. Manufacturers are permitted to operate at full capacity to overcome the supply gap. Increased infrastructure investments and stimulus packages in many regions drive the demand for the construction industry. Thus, the global plastic fencing market is anticipated to grow strongly during the forecast period.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Barrette Outdoor Living, CertainTeed, Durafence, ITOCHU Corporation, Pexco, Planet Polynet, Seven Trust, Superior Plastic Products, Tenax, and Veka AG are a few of the major players operating in the global plastic fencing market.


RD Image
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL FRAMEWORK

Plastic Fencing Market Report Analysis

Plastic Fencing Market

  • CAGR (2023 - 2031)
    5.20%
  • Market Size 2023
    US$ 6.58 Billion
  • Market Size 2031
    US$ 9.86 Billion

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Barrette Outdoor Living
  • CertainTeed
  • Durafence
  • ITOCHU Corporation
  • Pexco
  • Planet Polynet
  • Seven Trust
  • Superior Plastic Products
  • Tenax
  • Veka AG

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Material
  • Polyethylene
  • Plastic Composites
  • Vinyl
  • Others
By Product
  • Picket Fence
  • Post and Rail Fence
  • Gates
  • Others
By and End Use
  • Residential
  • Agriculture
  • Commercial
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Plastic Fencing Market Report Scope

Report Attribute Details
Market size in 2023 US$ 6.58 Billion
Market Size by 2031 US$ 9.86 Billion
Global CAGR (2023 - 2031) 5.20%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Material
  • Polyethylene
  • Plastic Composites
  • Vinyl
  • Others
By Product
  • Picket Fence
  • Post and Rail Fence
  • Gates
  • Others
By and End Use
  • Residential
  • Agriculture
  • Commercial
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Barrette Outdoor Living
  • CertainTeed
  • Durafence
  • ITOCHU Corporation
  • Pexco
  • Planet Polynet
  • Seven Trust
  • Superior Plastic Products
  • Tenax
  • Veka AG
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Barrette Outdoor Living
    2. CertainTeed
    3. Durafence
    4. ITOCHU Corporation
    5. Pexco
    6. Planet Polynet
    7. Seven Trust
    8. Superior Plastic Products
    9. Tenax
    10. Veka AG

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to Plastic Fencing Market