Geogrid Market to Register CAGR of 4.7% till 2028; SKAPS India and Diab Group Collaborate to Create Positive Business Prospects

The global geogrid market size was USD 1.15 billion in 2020. The market is projected to grow from USD 1.19 billion in 2021 to USD 1.64 billion in 2028 at a CAGR of 4.7% during the 2021-2028 period.

This information is provided by our analysts at Fortune Business Insights™, in its report, titled, “Geogrid Market Size, Share & COVID-19 Impact Analysis, By Material (HDPE, Polypropylene, Polyester), By Product (Uniaxial, Biaxial, Multiaxial), By Application (Road Construction, Railroad, Soil Reinforcement, Others), and Regional Forecast, 2021-2028.”

According to our research experts, the growing number of infrastructural happenings worldwide due to economic recovery and increasing investments is projected to fuel its demand.

COVID-19 Outbreak to Hamper Growth by Impacting Construction Industry Sternly

The coronavirus outbreak has concluded most of the construction development happenings due to the global lockdown. Also, this has interjected with the supply chain of raw materials. The COVID-19 pandemic has had an incomparable impact on the manufacturing sector across the globe. Most investors are undefined concerning investing in novel assignments or starting fresh construction activities because of the financial confusion.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/geogrid-market-104104

Tensar Underground Mining Grid Launch

Tensar International Limited is the primary developer and manufacturer of high-performance geogrids and planned solutions for earthwork encounters in the mining industry. The company satisfies customer requirements and surpasses potentials by offering extensive geosynthetic solutions for concerns usual to mining operations.

By offering inventive application technologies and dedicated technical services, they use their products to supply value-enhancing alternatives to traditional materials and processes in earthwork construction.

Sustainable Infrastructural Development to Spur Market Growth

There is a supportable growth throughout the construction sector, principally in home development ventures and private development of single family homes. The U.S. construction market is the prime financial contributor. Moreover, according to the U.S. Census Bureau, the construction expenditure in June 2020 was nearly USD 1.35 trillion.

Furthermore, the rising development of metropolitan cities with the surging demand for commercial construction assignments is expected to augment geogrid market growth.

Competitive Landscape

Attainments Commenced by Crucial Companies to Promote Market Growth

The leading players in the market continuously opt for effective strategies to boost their brand value and promote the global market growth of the product with confronting the least possible hurdles. One such operative strategy is to procure competitive companies and secure both companies' profit

Industry Development

• May 2020: SKAPS India and Diab Group entered into a strategic collaboration for PET foam production to sustain the surging demand for core materials in India.

List of Key Players Covered in this Market Report

• Huesker (U.S.)


• Tensar International Corporation (U.S.)


• TenCate Geosynthetics Europe (Austria)


• Strata Systems, Inc. (U.S.)


• Maccaferri Inc. (U.S.)


• Advanced Drainage Systems, Inc. (U.S.)


• NAUE GMBH & CO. KG. (Germany)


• Synteen Technical Fabrics (U.S.)


• CLIMAX SYNTHETICS PVT. LTD. (India)


• Veer Plastics Private Limited (India)


• BPM (China)


• GSE Environmental (U.S.)


• S i A Pietrucha Sp. z o.o. (Poland)


• CTM Geosynthetics (India)


• TENAX Corporation (U.S.)

Further Findings

• North America holds the largest global geogrid market share. The concentration of manufacturers in the U.S. is likely to drive the local market. There has been substantial growth in the infrastructural development attributed to the increased government investments in construction projects.


• Based on application, the market is segmented into road construction, railroad, soil reinforcement, and others. The road industry segment is the leading segment as the geogrid is extensively used to construct port areas, airports, and heavy load-bearing roads.

Table of Segmentation