Plastic Fencing Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The Plastic Fencing Market size is projected to reach US$ 9.70 billion by 2031 from US$ 6.47 billion in 2023. The market is expected to register a CAGR of 5.2% in 2023–2031. The growing demand for agriculture industry is likely to remain a key Plastic Fencing Market trend.

Plastic Fencing Market Analysis

Rising consumer awareness about safety & security provides a significant opportunity for 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. Further, European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate and infrastructure sector. In North America, the construction industry is one of the major contributors to the region's economy. As per Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. The increasing population and rapidly growing commercial sector across the region are driving the construction sector in North America. The rising preference and utilization of plastic fencing owing to its advantages such as low cost and ease of installation, is contributing to the growth of the plastic fencing market.

Plastic Fencing Market Overview

Plastic fencing is a type of fencing made from synthetic materials. These materials tend to be a bit more durable, 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, the reflective fence will boost the product demand.

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Plastic Fencing Market: Strategic Insights

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Plastic Fencing Market Drivers and Opportunities

Rise in Demand from Residential Sector

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-residentials 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.

Increasing Demand for Agriculture Sector

Expansion of the agriculture sector across the globe is expected to contribute to market growth. Fencing used in agriculture, also known as agricultural fencing, is a security fence used for crop protection and animal containment. These fencing are designed to prevent unauthorized access and unwanted animals and keep crops and raised animals from damage and theft. Thus, growth trajectory of agriculture is anticipated to hold potential opportunities for plastic fencing market over the forecast period.

Plastic Fencing Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Plastic Fencing Market analysis are base oil, product type, and end use industry.

• Based on material, the Plastic Fencing Market is divided into polyethylene, plastic composites, vinyl, and others. The polyethylene segment held a larger market share in 2023.
• By product, the market is segmented into picket fence, post and rail fence, gates, and others. The post and rail fence segment held the largest share of the market in 2023.
• In terms of end use, the market is segregated into residential, agriculture, commercial, and others. The residential segment leads the market in 2023.

Plastic Fencing Market Share Analysis by Geography

The geographic scope of the Plastic Fencing Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

Asia Pacific has dominated the Plastic Fencing Market. The plastic fencing market in Asia Pacific has witnessed major growth in recent years, owing to the well-established construction sector and increased emphasis on sustainable practices. Countries in the region are witnessing a growth in urbanization, and an increase in the residential sector, which offer ample opportunities for key market players in the plastic fencing market. China is one of the largest markets for plastic fencing, driven by the country's large construction set-up. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Plastic Fencing Market Regional Insights

The regional trends and factors influencing the Plastic Fencing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Plastic Fencing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Plastic Fencing Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Plastic Fencing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Plastic Fencing Market are:

1. Barrette Outdoor Living
2. CertainTeed
3. Durafence
4. ITOCHU Corporation
5. Pexco
6. Planet Polynet

Disclaimer: The companies listed above are not ranked in any particular order.

Plastic Fencing Market News and Recent Developments

The Plastic Fencing Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• Oldcastle APG, a CRH Company, today announced it has acquired the fencing, railing and decking assets of CertainTeed, including two facilities in Buffalo, NY and Orem, UT, expanding the manufacturer’s operational capabilities and comprehensive suite of industry-leading outdoor living solutions across North America. (Source: Oldcastle APG a CRH Company, Newsroom, 2023)

Plastic Fencing Market Report Coverage and Deliverables

The “Plastic Fencing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles