Plastic Fencing Market (2020 - 2027)

Report Overview

The global plastic fencing market size was valued at USD 4.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2020 to 2027. Rising safety and security concerns are projected to propel the product demand in agriculture, residential, commercial, and industrial end-use industries. Expansion of the construction industry across the developing economies, coupled with the rising number of renovation and remodeling projects in the residential sector, is projected to drive the fencing market over the forecast period. Also, rising demand for internal decoration and refurbishment activities is anticipated to boost the industry growth. The U.S. market is expected to exhibit significant growth due to the increasing number of crimes, along with rising awareness levels about security and safety. Shifting preference for sustainable and eco-friendly fencing solutions is anticipated to boost the industry growth.

Expansion of the real estate sector across the developing economies such as China, India, and South Korea is expected to contribute to market growth. In addition, the emergence of cost-effective fencing materials coupled with rapid industrialization is projected to fuel market growth over the forecast period.

Farmers are focusing on safeguarding their property and livestock and are hence investing in fencing. The use of cost-effective and durable materials contributes to product profitability. However, the use of inferior products by contractors is projected to pose a threat to the market growth.

Material Insights

The vinyl material segment accounted for the largest share of over 52% in 2019 and is projected to expand further at the fastest CAGR from 2020 to 2027. Easy installation, abundant availability, superior strength, and other mechanical properties of vinyl fencing materials are anticipated to boost their demand. Vinyl remains unaffected by rot or insects and does not require painting. However, it requires washing to avoid the buildup of molds. Thus, the low maintenance requirement is anticipated to propel its use a fencing material.

Plastic composites are a combination of wood and plastic, which are increasingly used in applications such as decks, railings, landscaping timbers, cladding park benches, siding, trim, and molding. These are gaining recognition as lightweight, environmentally sustainable, safe, and durable materials, which is anticipated to augment the segment growth. In addition, rising demand for affordable materials is projected to further propel the segment growth over the forecast period.

Product Insights

Picket fence accounted for the largest market share of 33.66% in 2019 and is estimated to expand further at the fastest CAGR from 2020 to 2027. The simple construction and installation process of picket fence is anticipated to boost the segment growth over the forecast period. In addition, it is comparatively cheaper than other materials. Continuous increase in home building and refurbishment activities is anticipated to drive the demand for privacy fencing. In addition, the growing demand for traditional fences with superior aesthetics is increasing the segment growth.

Post & rail fence are increasingly used in applications such as horse paddocks, sports grounds, land developers, farms, and residential dwellings. The rail fences are double ribbed to improve its strength. In addition, these products are pre-notched to provide easy installation, thereby propelling the segment growth. The plastic mesh fence is increasingly used in gardens as it is easy to install and is available in many colors, sizes, and shapes. Moreover, these products are rust-free and anti-corrosive, which propels the product demand.

Application Insights

The privacy fencing application segment accounted for the largest revenue share of over 37% in 2019 and is projected to expand at a steady CAGR from 2020 to 2027. Increasing emphasis on privacy has promoted the demand for privacy fencing among homeowners. This also helps in implementing designs and maintain the value of the property. Rising demand for superior aesthetics in home buildings coupled with growing construction and renovation activities is likely to promote the demand for privacy fencing.

Temporary fencing is suitable for applications such as security, storage, concerts, live shows, and other events. These are lightweight, easy to transport & install fencing solutions. Plastic pool fencing is beneficial in improving pool safety by reducing accidents & drowning cases. In addition, the high durability of the product is anticipated to further boost the segment growth over the forecast period.

End-user Insights

The residential end-user segment led the market and accounted for the largest market share of over 39% in 2019. Rising residential construction and renovation projects in economies such as the U.S., India, China, and Indonesia, owing to the growing population coupled with increasing disposable incomes, will drive the segment growth. Rising government spending on residential construction projects is also likely to promote the segment growth.

The commercial & industrial end-user segment is projected to register a considerable CAGR from 2020 to 2027. Growing security and safety concerns in the commercial and industrial sectors are projected to boost the product demand over the forecast period.

In addition, rising product demand from schools, colleges, commercial, and industrial premises is anticipated to propel the plastic fencing market growth over the forecast period. Plastic fencing is increasingly used in the agricultural segment as well, for protection against wild animals and to store agricultural and gardening equipment and tools. The availability of the product in various sizes, shapes, and colors as per the requirement is anticipated to boost its demand in the aforementioned end-use segments.

Regional Insights

North America dominated the market and accounted for the largest share of 34% in 2019 owing to the enhanced portfolio offered by the companies. In addition, regulations about the fencing installation around the poolside for safety purposes is projected to benefit the industry growth over the forecast period.

The presence of multiple manufacturers in Europe has resulted in a significant market share of the region. In addition, the industry players are collaborating with distributors to serve the larger customer base. In addition, rising demand for privacy fencing to improve the aesthetics of the house is likely to boost the market growth.

Asia Pacific is anticipated to register the fastest CAGR from 2020 to 2027 owing to the evolving agricultural sector in emerging economies such as India and China. Furthermore, rapid urbanization coupled with increased expenditure on institutional construction in India is expected to drive the regional market over the forecast period.

Key Companies & Market Share Insights

The market is highly competitive and is dominated by a large number of local manufacturers catering to the customized needs of the consumers. Ongoing innovations and expanding product portfolios are projected to boost product demand. Most of the companies have undertaken various marketing strategies such as mergers, acquisitions, partnerships, and collaborations, to gain a higher market share. Some of the prominent players in the global plastic fencing market include:

• Barrette Outdoor Living

• CertainTeed

• Durafence

• ITOCHU Corporation

• Pexco

• Planet Polynet

• Seven Trust

• Superior Plastic Products

• Tenax

• Veka AG

Plastic Fencing Market