Global Geosynthetics Market to Hit Valuation of USD 92.13 Billion By 2032 | Astute Analytica [Yahoo! Finance]
Berry Global Group, Inc. (BERY)
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Source: Yahoo! Finance
New Delhi, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The global geosynthetics market was valued at US$ 29.35 billion in 2023 and is anticipated to reach US$ 92.13 billion by 2032 at a CAGR of 14.03% during the forecast period 2024–2032. The geosynthetics market in 2023 demonstrates robust dynamics, driven by the increasing demand for sustainable construction solutions and technological advancements. The global market has reached a valuation of $15 billion, reflecting its significant role in infrastructure development across various sectors. One of the key drivers is urbanization, with the United Nations reporting that 4.4 billion people now reside in urban areas, necessitating enhanced infrastructure solutions. Additionally, the global construction industry is estimated to be valued at $12 trillion, providing substantial opportunities for geosynthetics applications in roadways, railways, and waste management systems. The continued focus on environmental sustainability has led to the adopt
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