Plastic Fencing Market Size is estimated to surpass $32 billion by 2023: Global Market Insights Inc.
November 28, 2016 --
Plastic fencing market size was valued at over USD 2.5 billion in 2015, with growth prospects of more than 5% from 2016 to 2023. Mounting demand for these products from numerous sectors such as commercial, residential, agricultural, and construction is likely to drive industry over the forecast period.
Escalating demand for these products for enhancing the aesthetic appeal of buildings as well as construction sites is anticipated to propel global plastic fencing market size growth over the next seven years. In addition, rising safety and security concerns among people is also expected to fuel growth over the forecast period.
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Use of inferior products by unlicensed contractors may pose a challenge to companies operating in the industry. Low plastic fencing market price trend has encouraged adoption among consumers. Based on end-use, the plastic fencing industry can be segmented into residential, commercial as well as agricultural. On the basis of product, the industry can be segregated into vinyl, HDPE, wood-plastic composites (WPC), polystyrene, and polyethylene.
Rising need to safeguard crops, farm animals as well as farm areas from wild animals and potential theft is expected to drive vinyl fencing market demand in the agricultural sector. Commercial or industrial segment is predicted to experience considerable growth due to growing demand from colleges, industrial premises and schools over the forecast period.
Vinyl and wood-plastic products are expected to witness high growth prospects and are likely to replace wood products. Various plastic fence manufacturers are now developing products with earth tone colors, low gloss, and embossed wood grains to mimic wood. WPC fencing is predicted to have an edge over vinyl counterparts due to the availability of a wide range of darker colors.
North America plastic fencing market size is forecast to continue its dominance owing to presence of large number of production units across the region. Asia Pacific PVC fencing market is expected to experience high growth prospects over the forecast period.
This latest Plastic Fencing Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Plastic Fencing industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Plastic Fencing Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents.
Key Insights in this Report
- Global Plastic Fencing Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Plastic Fencing Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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