Geosynthetics Market

Geosynthetics Market Overview

The global Geosynthetics Market size was valued at USD 14.04 billion in 2023 and is predicted to reach USD 23.10 billion by 2030 with a CAGR of 7.4% from 2024-2030.

The geosynthetics market, refers to the industry that produces and supplies synthetic materials such as geocomposites, geogrids, and geofoam that are used in various industries and construction projects. These materials serve a crucial function in improving soil stability, managing drainage, controlling erosion and providing environmental protection.

The lightweight design and ease of installation, along with adaptability to various environmental conditions, enhance the effectiveness of these materials across a wide range of applications. As industries increasingly pursue innovative solutions to address infrastructure challenges, geosynthetics are becoming essential in promoting efficiency and sustainability in contemporary construction practices, ultimately contributing to more resilient and environmentally responsible projects.

Market Dynamics and Trends

The widespread expansion of construction industry, driven by the growing infrastructure projects worldwide significantly boosts the demand for geosynthetics that increases the need for durable materials in ground stabilization, erosion management, and efficient drainage across highways, bridges, and retaining structures.

According to the latest report by the National Action Plans on Business and Human Rights, the global construction industry is expected to grow from USD 4.5 trillion in 2021 to USD 15 trillion by 2030. This growth intensifies the need for innovative and sustainable solutions that improve construction efficiency and environmental performance, thereby accelerating geotextiles market expansion.

Additionally, the growth of the oil and gas industry fuels the expansion of the market due to rising demand for materials that enhance efficiency and sustainability in various applications such as pipeline construction and soil stabilization. As companies in this sector focus to reduce their ecological footprint, there is a growing reliance on geosynthetic products for effective drainage and erosion prevention.

As per the latest report published by the Energy Institute, the global oil production increased from 51,520 TWh in 2022 to 52,432 TWh in 2023, marking a growth of 1.77%. This growth highlights the need for geosynthetics that facilitate efficient construction and environmental protection to support sustainable practices in the sector.

Moreover, the rise in the agricultural sector drives the growth of the geosynthetics market as it leads to increased demand for innovative materials that enhance soil stability, drainage, and crop yield. The rising focus on sustainable farming practices encourages farmers to adopt geosynthetic products such as geotextiles and geogrids for improved land management and optimized resource utilization.

According to the latest report of the Government of India, agricultural exports reached USD 53.1 billion in 2022-23, while exports of agricultural and processed food products grew by 13% to USD 19.69 billion in the first nine months of 2022-23 compared to the previous year.

Also, as per the latest report published by the Government of Canada, the agriculture and agri-food sector contributes USD 113 billion, accounting for around 7% of Canada’s GDP in 2023. This growth in agricultural sector accelerates the growth of the market by driving demand for sustainable solutions. However, the high availability of cheap alternative materials such as concrete and natural fibers significantly restrain the geosynthetics market demand.

On the contrary, the introduction of smart multifunctional user is expected to create geosynthetics market growth in the future. These advanced materials equipped with sensor and intelligent systems, improve performance by monitoring environmental conditions such as temperature and moisture levels, while providing real-time data to enhance efficiency, safety, and sustainability in construction projects.

Market Segmentations and Scope of the Study

The geosynthetics market report is segmented on the basis of type, material, end user, and region. On the basis of type, the market is divided into geotextiles, geomembranes, geogrids, geonets, and others. On the basis of material, the market is classified into polyethylene, polypropylene, polyvinyl chloride, and polyester. Based on end user, the market is segmented into construction industry, water management, transportation, agriculture, mining, and others. The regional breakdown includes regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Geographical Analysis

North America dominates the geosynthetics market share and is expected to continue its dominance during the forecast period. This is due to the presence of one of the largest construction industries, along with the growing infrastructure development in countries such as the U.S., Canada, and Mexico.

As per the latest report by the Statistics Canada, the country’s total investment in construction accounted for USD 15.77 billion in 2024, reflecting a monthly growth of 2.8%. This growing investment highlights the critical role of geosynthetics in enhancing infrastructure resilience and sustainability, thereby accelerates market growth.

Moreover, the expanding agricultural sector propels market growth in countries such as the U.S. and Canada, as there is a rising need for effective solutions in soil conservation and irrigation management.

According to the latest report published by the U.S. Department of Agriculture (USDA), the agriculture and food industries in the U.S. contributed around USD 1.530 trillion to the nation’s GDP, representing approximately 5.6% of the total GDP. This significant contribution highlights the critical role of the agricultural sector in the economy and emphasizes the growing need for advanced solutions including geosynthetics that promote sustainable practices and enhance productivity in farming.

On the other hand, Asia-Pacific is expected to show a steady growth of the geosynthetics market due to the significant expansion of mining industry in countries such as India, China, and Japan that increases the demand for effective solutions in soil stabilization and waste containment. Thus, companies are increasingly turning to geosynthetic materials to enhance infrastructure stability, manage tailings efficiently, and minimize environmental impact.

According to the latest report by the India Brand Equity Foundation, India’s mining GDP increased from USD 9.25 billion in the third quarter of 2023 to USD 9.95 in the third quarter of 2024, resulting a growth of 7.55%. This growth in mining GDP reflects strong demand for geosynthetic material, as expanding mining operations necessitate effective solutions for soil stabilization and waste control, thereby boosting the market.

Moreover, the expansion of the oil industry drives the demand for extensive pipeline construction and waste management in the region. According to the report by the Our World in Data published in 2024, the China’s oil production increased from 2,381 TWh in 2022 to 2,431 TWh in 2023, marking a growth of 2.1%. This increase in oil production highlights the critical role of geosynthetics in supporting sustainable practices within oil and gas operations, ensuring both efficiency and environmental responsibility.

Competitive Landscape

Various key market players operating in the geosynthetics industry includes AGRU Kunststofftechnik GmbH, Propex Operating Company LLC, Tensar Corporation, Raven Industries, Inc., Thrace Group, NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Koninklijke Ten Cate B.V., Wrekin Products Ltd, Solmax International Inc., and others. These market players continue to adopt various market development strategies including product launches and partnership to maintain their dominance in the market.

For instance, in July 2024, Wrekin Products launched a standalone geosynthetics division to expand its operations, focusing on the civil engineering and construction sectors. Through this initiative, the company aims to enhance its market presence by providing specialized geosynthetic solutions designed to meet industry needs.

Also, in March 2024, Solmax partnered with TenneT and SWITCH to recycle 80 tons of geotextiles from power grid projects. This initiative led to 500,000 m² of geotextile being used as temporary separation layers in construction that promotes sustainability in infrastructure development.

Key Benefits

• The report provides quantitative analysis and estimations of the geosynthetics market from 2024 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future geosynthetics industry trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the geosynthetics trend is provided in the report. 

• Competitive analysis of the key players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated on the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Geosynthetics Market Key Segments

By Type

• Geotextiles

• Geomembranes

• Geogrids

• Geonets

• Others 

By Material 

• Polyethylene

• Polypropylene

• Polyvinyl Chloride

• Polyester 

By End-User Industry 

• Construction Industry

• Water Management

• Transportation

• Agriculture

• Mining

• Others 

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• AGRU Kunststofftechnik GmbH

• Propex Operating Company LLC

• Tensar Corporation

• Raven Industries, Inc.

• Thrace Group

• NAUE GmbH & Co. KG

• Officine Maccaferri S.p.A.

• Koninklijke Ten Cate B.V.

• Wrekin Products Ltd

• Solmax International Inc.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 14.04 Billion
Revenue Forecast in 2030	USD 23.10 Billion
Growth Rate	CAGR of 7.4% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	The worldwide expansion of the construction sector boosts the market. The rise in oil and gas industry fuels the growth of the market. The expansion of agricultural sector propels the market growth.
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.