A plastic fence is made using synthetic plastic such as vinyl, polypropylene, nylon, polythene ASA or recycled plastics. The key factor is the shifting consumer preference towards renovation and remodeling in the residential sector. Increased spending on infrastructure in private and public construction is propelling the growth of the market. According to the United States Census Bureau, U.S. construction spending rose to USD 1.3 trillion in the year 2019. But there are certain regulations pertaining to using plastic as plastic is less environment friendly which is a major restraining factor. Also, plastic compared to other alternatives has low physical strength which hinders the market growth. Moreover, technological advancements and product innovations in the plastic fencing market such as a pre-woven vinyl fence, the reflective fences will provide growth opportunities to the market in the forecasted period.
Global Plastic Fencing Market is valued approximately at USD 4.06 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2021-2027 and is estimated to reach USD 6.86 billion by 2027.
The global Plastic Fencing market is segmented into key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World for regional analysis. North America is the leading sector in the plastic fencing market because of shifting preference towards aesthetic appeal at minimum cost. Asia Pacific will grow with a significant CAGR in the forecasted period because of the penetration of the construction industry. According to Building and Construction Authority (BCA), Indonesia will witness 6% annual growth in the construction sector.
Major market players included in this report are ITOCHU Corporation, Barrette Outdoor Living, Inc., Superior Plastic Products, Inc., Prizm Vinyl Corporation, South Camden Iron Works Inc., VEKA Inc., Enax Corporation, Weatherables, Associated Materials LLC, and CertainTeed Corporation
The detailed segments and sub-segment of the market are explained below:
By Material: Polyethylene, Plastic composites, Vinyl, Polystyrene
By Product: Picket fence, Post & rail fence, Chain link fence, Gates
By Application: Privacy fencing, Temporary fencing, Boundary fencing, Pool fencing, Others
By End-use: Residential, Agriculture, Commercial & industrial
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