Significant Growth Forecast For Plastic Fencing Market

The plastic fencing market is witnessing significant growth from the past years. This growth is attributed to growing safety and security concerns which are expected to stimulate demand for products in the agricultural, residential, commercial, and industrial sectors, says a report from Fior Markets. The market is expected to grow from US$5.25 billion in 2020 to reach $8.17 billion by 2028, growing at a compound annual rate of 5.69 per cent. Expansion of the construction sector in developing economies, coupled with the growing number of renovation and remodelling projects in the residential sector, have increased demand of plastic fencing. Changing preferences for sustainable and environmentally friendly fencing solutions will influence the market. Plastic fencing is referred to as an affordable, reliable, stronger, and more durable alternative to a wooden fence.