GEOMEMBRANE MARKET ANALYSIS

Geomembrane Market, by Product Type (Thermoplastic Polymers, Thermoset Polymers ,Thermoplastic Elastomers, and Others), by End-use Industry (Construction & Manufacturing Mining, Agriculture & Fishery, and Others), by Application (Municipal Waste Liners and Covers, Mining / Industrial Containment , Water Reservoirs / Covers Water Conveyance/Canals, Earth/Rock/Concrete Dams, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Market Dynamics

Increasing municipal and industrial waste worldwide is a key factor driving demand for geomembrane in the waste management industry and municipal corporations. For instance, according to The World Bank, the worldwide annual municipal waste generation was 2.01 billion tons in 2016 and is expected to reach 3.4 billion in 2046
Furthermore, significant growth in agriculture and fish farming or pisciculture is expected to propel growth of the geomembrane market. For instance, according to Food and Agriculture Organization (FAO) of United Nations, production of fish farm is expected to contribute nearly two thirds of India’s fish supply by 2030. Moreover, India is the world’s third largest fish producer. In 2016, India’s fish production was pegged at 10.8 million tons, which is expected to reach 13.4 million tons by 2030.