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Geotextile Tubes market Overview
Surge in demand from developing countries and inclination toward implementation of non-woven technical fabrics fuel the growth.
WILMINGTON, DE, UNITED STATES, January 15, 2025 /EINPresswire / -- Surge in demand from developing countries and inclination toward the implementation of non-woven technical fabrics fuel the growth of the global geotextile tubes market .
Market Overview
Allied Market Research has published a report titled,“Geotextile Tubes Market by Type (Woven and Nonwoven) and End-User
industry (Wastewater Treatment, Agriculture, Aquaculture, Construction, Marine, Pulp & Paper Mills, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global geotextile tubes industry garnered $3.3 billion in 2019 and is projected to generate $7.2 billion by 2027, growing at a CAGR of 10.0% from 2020 to 2027.
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Prime Determinants of Growth
- Key Drivers: Surge in demand from developing countries and inclination toward implementing non-woven technical fabrics drive market growth.
- Restraints: High production of toxic waste hampers market expansion.
- Opportunities: Emergence of eco-friendly technology opens new avenues for growth in the coming years.
Segment Analysis
By Type:
- The non-woven segment accounted for nearly three-fifths of the total market revenue in 2019 and is projected to maintain its dominance through 2027, growing at a CAGR of 10.2%. This growth is attributed to increased usage in disposables, industrial materials, and durable consumer goods due to its cost-effectiveness and versatility.
- The report also provides an in-depth analysis of the woven segment.
By End-User Industry:
- The marine segment is expected to exhibit the highest CAGR of 11.7% from 2020 to 2027, driven by its growing use in building marine structures such as artificial surfing reefs and bund wall structures due to its affordability.
- The wastewater segment held the highest market share in 2019, contributing over one-fourth of the global market revenue. This dominance is attributed to stringent government regulations on wastewater treatment and the increasing use of geotextile dewatering bags.
Regional Insights
Asia-Pacific:
- Held over one-third of the market share in 2019 and is expected to retain its leadership position throughout the forecast period.
- The region is poised to experience the highest CAGR of 10.7% from 2020 to 2027, driven by supportive government policies and increased demand for agro-textile products.
North America:
- Projected to grow at a steady CAGR of 9.3% during the forecast period.
Leading Market Players
- TechFab India Industries Ltd.
- Flexituff Ventures International Limited
- KG
- Koninklijke TenCate
- Ace Geosynthetics
- Huesker
- Low & Bonar
- Officine Maccaferri
- NAUE GmbH & Co.
- Geofabrics Australasia Pty Ltd.
- Fibertex Nonwovens
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Allied Market Research
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