Europe Plastic Lumber Market Size, Share & Trends Analysis Report By Resin Type (Polyethylene, Polyvinyl Chloride, Polystyrene, and Others), By Application, By Product, By Country and Growth Forecast, 2023 - 2030
The Europe Plastic Lumber Market would witness market growth of 10.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 816.5 kilo tonnes, showcasing a growth of 8.5% (2019-2022).
Growing public awareness of environmental issues, climate change, and sustainable living practices has driven consumer demand for eco-friendly products and materials. Consumers are increasingly seeking environmentally sustainable alternatives in their purchasing decisions, including construction materials such as plastic lumber. Builders, architects, and homeowners are choosing plastic lumber for its environmental benefits, durability, and versatility, driving its adoption across residential, commercial, and industrial applications.
Moreover, landscaping companies and homeowners utilize plastic lumber for various outdoor applications, such as garden edging, retaining walls, raised beds, and pathways. Plastic lumber's resistance to weathering, fading, and mold growth makes it well-suited for landscaping projects that require durability and low maintenance. Additionally, it is available in various colors and textures, allowing for customizable design options to enhance outdoor spaces.
Additionally, many European cities are undergoing redevelopment and revitalization initiatives to enhance livability, sustainability, and economic vitality. It plays a role in these initiatives by providing sustainable and eco-friendly building materials for urban redevelopment projects, public space enhancements, and community revitalization efforts. With increasing emphasis on sustainability and environmental stewardship, European urban development projects prioritize using eco-friendly materials and sustainable construction practices. It aligns with sustainability goals by reducing reliance on virgin resources and minimizing waste. Therefore, the increasing urbanization in the region is propelling the market's growth.
The Germany market dominated the Europe Plastic Lumber Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $997.7 million by 2030. The UK market is registering a CAGR of 9.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 11.1% during (2023 - 2030).
Based on Resin Type, the market is segmented into Polyethylene, Polyvinyl Chloride, Polystyrene, and Others. Based on Application, the market is segmented into Decking, Molding Trim, Landscaping Outdoor Products, Fencing, Windows Doors and Others. Based on Product, the market is segmented into Virgin Plastic, Recycled Plastic and Composite. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Trex Company, Inc.
- American Recycled Plastic, Inc.
- Tangent Technologies, LLC
- KWK Plastic Lumber Co., Ltd.
- Repeat Plastics Australia Pty Ltd. (Recycle technology (Aust.) Pty Ltd.)
- Ecoville
- CMI Limited Co. (Capital Partners)
- PlasTEAK, Inc.
- Fiberon LLC (Fortune Brands Innovations, Inc.)
- Genova Products Inc.
Europe Plastic Lumber Market Report Segmentation
By Resin Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Polyethylene
- Polyvinyl Chloride
- Polystyrene
- Others
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Decking
- Molding Trim
- Landscaping Outdoor Products
- Fencing
- Windows Doors
- Others
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Virgin Plastic
- Recycled Plastic
- Composite
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe