by Geocells are geosynthetic grid structures made from polypropylene, high-density polyethylene or polyester. They are filled with soil to retain walls, reinforce slope and enhance stability. They are used extensively to contain and prevent soil erosion in infrastructure projects such as road works, slope stabilizations and embankments. Geocells provide load-bearing platform, dissipate stress and allow permeability between adjacent cells. Their honeycomb structure enables the infill to be mechanically interlocked and effectively supported, preventing erosion and retaining walls. Their engineering grade material guarantees durability and stability even under harsh conditions. Their installation is quick and versatile, proving cost-effective for various groundwork applications.
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 key trends
One of the major trends in the Geocells market is the rising adoption in infrastructure segment. With rapid urbanization and economic development worldwide, heavy investment is being made in sectors like transportation, energy and utilities which require massive earthworks. Geocells are emerging as a viable and sustainable solution for civil construction projects involving earth retention, slope stabilizations, canal linings etc. Their unique properties make them suitable for infrastructure development in challenging terrains. Geocells also find increasing usage in military, landscaping and mining applications. Notably, growing construction of highways, railways and dams in developing nations of Asia Pacific and Latin America are fueling the demand for geocell solutions. Furthermore, continuous product innovations to deliver better load-bearing capacities, durability and ease of installation will further aid the market expansion over the forecast period.
Porter’s Analysis
Threat of new entrants: Low barriers to entry such as capital requirements and regulations protect incumbent businesses in the geocells market.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and price sensitivity of products.
Bargaining power of suppliers: Suppliers have moderate to high bargaining power as raw materials require specialized production processes.
Threat of new substitutes: Substitutes such as turf reinforcement mats pose minimal threat due to distinct engineering applications of geocells.
Competitive rivalry: Intense competition exists among geocell manufacturers to gain market share through product innovation.
Key Takeaways
The global Geocells Market Trends is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing infrastructure development and implementation of geo-technologies. The Asia Pacific region dominated the global market in 2023, owing to rapid industrialization and infrastructure development projects in China and India.
North America is expected to be the fastest-growing region, growing at a CAGR of over 9% during the forecast period. This is attributed to rising infrastructure investments for transportation, municipal utilities development, slope protection, and mining applications in the US and Canada.
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 offers a wide range of geocell products under its GeoWeb brand for applications in horticulture, erosion control, remediation and geotechnical engineering. Polymer Group Inc. manufactures geocell products for soil stability and non-segregating backfill applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
