global plastic fencing market is expected to grow from USD 5.25 billion in 2020 and to reach USD 8.17 billion by 2028, growing at a CAGR of 5.69% during the forecast period 2021-2028.

The plastic fencing market is witnessing significant growth from the past years. This growth is attributed to growing safety and security concerns which are expected to stimulate demand for products in the agricultural, residential, commercial and industrial sectors. Expansion of the construction sector in developing economies, coupled with the growing number of renovation and remodelling projects in the residential sector increase the demand of plastic fencing. The increased demand for interior decoration and refurbishment activities is expected to stimulate the growth of the industry. The US market is expected to show significant growth due to the growing number of crimes and rising levels of security and security awareness. Changing the preference for sustainable and environmentally friendly fencing solutions will influence the market.

Plastic Fencing is referred to as an affordable, reliable, five times stronger and more durable alternative to a wooden fence. The good combination of wood and plasticis increasingly used in applications such as decks, railings, landscaping woods, benches, siding, trim and mouldings. Plastic fence eliminates the need for costly painting or staining efforts to protectas it does not absorb moisture, does not bubble, does not peel, rust or rot. Plastic fences are cheaper than wooden and iron fences. Plus, the installation process for plastic fences is quick and easy. PVC is a thermoplastic resin. It is the third most produced synthetic plastic in the world. It is used in a variety of markets, including bottling and packaging. When plasticizers are added, it becomes flexible, making it a sought-after material for the construction, plumbing and cable industries.

The global plastic fencing market is expected to witness significant growth, owing to increasing demand for sustainable and eco-friendly composite materials, growing demand for decorative and improved products, an increase in construction activity and safety awareness, increase infrastructure development, and growth in remodelling and renovation activities. The factors restraining the market growth are government regulations related to plastics in developing and under-developed regions, low physical strength compared to alternatives. Technological advancements and product innovations including pre-woven vinyl fence, reflective fence will provide market growth opportunities.

Post time: Nov-18-2021