The global geomembrane market size surpassed USD 2,482 million in 2024 and is predicted to hit around USD 4,160 million by 2034, growing at a CAGR of 5.3% from 2024 to 2034.
The demand for geomembranes market is rising because of growing awareness and dependence on environmentally sustainable materials. This market is primarily dependent on sustainability, and it is growing in demand due to integration of recycled resins as well as a focus on adopting manufacturing processes that are better for the environment. Different industries are taking advantage of recycled content in the manufacturing of geomembrane products and integrating formulation methods that are eco-friendly in a bid to reduce emissions. This way it is possible to comply to regulatory government guideline while fulfilling consumer expectations.
This market is expanding with a rising number of collaborations taking place between manufacturers and recycling facilities to further sustainable initiatives. The awareness along with growing demand for environmental sustainability and stringent regulations against waste disposals are all helping drive this market growth. An increase in adopting geomembranes has advantages such as prevention of contamination and leakages which makes it a popular choice. Continuous advancement in technology of linear materials will enhance the strength and durability of geomembranes helping boost the market. Also, growing investment in development of infrastructures specifically in developing economies will help elevate the geomembranes market.
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| Stats ID: | 7139 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7139 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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