Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.15 Billion | USD 2.01 Billion | 4.71% | 2022 |
FrequentlyAsked Questions
Rapid urbanization is resulting in a boom in the construction industry in developing countries because of a growing population, and upcoming infrastructural projects promoting the growth of the global geogrid market.
The size of the global geogrid market is expected to become around USD 2.01 billion in 2030 from USD 1.15 billion in 2021 growing at the rate (CAGR) of 4.71%.
North America has the highest share of the global geogrid market. Manufacturers' focus in the United States is expected to boost the regional market. The increased government investment in construction projects has resulted in a significant increase in infrastructure development.
The important players in the global geogrid market are Tensar Corporation, Reed & Graham Inc., BPM, Geosynthetics, Solmax International, Inc., Strata Systems, Inc. and Huesker Synthetic GmBH.
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