Geocells are three-dimensional mat structures made of high-density polyethylene (HDPE) or polypropylene plastic that form column and walls when filled with compacted earth or aggregate materials to contain soil during vegetative establishment and slope protection. Geocells are used in a variety of civil engineering and construction applications such as filling around structures, shoreline protection, erosion control, tree planting, constructing roads and stabilization of new and existing infrastructure. The comprehensive geocell design protects soil from wind and water erosion, and supports vegetation growth to enhance soil strength and stabilize slopes.
The global Geocells market is estimated to be valued at US$ 1915 Mn in 2023 and is expected to exhibit a CAGR of 3.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Geocells have emerged as a popular alternative to traditional slope stabilization methods as they provide numerous benefits over other engineered methods like concrete retaining walls. The increasing cost of construction projects and raw materials along with infrastructure development is driving the demand for cost-effective geocell solution. Geocells are a recyclable material that can be reused and refilled for other construction projects reducing construction waste. Manufacturers are also developing innovative geocell designs that are suitable for variable soil conditions and can support rehabilitation of problematic sites. In addition, geocells are being widely adopted in landscaping projects like building green roofs and parks to prevent soil erosion and support vegetation growth.
Threat of new entrants: Entry barriers in the geocells market are moderate due to requirement of capital and technical expertise.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw materials.
Threat of new substitutes: Threat of substitutes is low as geocells have certain unique properties.
Competitive rivalry: Market competition is high due to presence of many international players.
The Global Geocells Market Demand is expected to witness high growth. The global Geocells market is estimated to be valued at US$ 1915 Mn in 2023 and is expected to exhibit a CAGR of 3.0% over the forecast period 2023 to 2030.
The market in Asia Pacific region is expected to witness fastest growth due to increasing construction activities in various countries such as China, India. Rising demand from building construction and infrastructure development projects in emerging economies such as China and India is expected to drive the regional market.
Key players: Key players operating in the geocells market are Tencate Geosynthetics, Strata Systems, PRS Geo-Technologies, Presto Geosystems, Ten Cate, Maccaferri, Terram, polymid, propex, and Miakon. Tencate Geosynthetics maintains its leading position in the market.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it