The new report by Expert Market Research titled, ‘Global Geotextile Tubes Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global geotextile tubes market, assessing the market based on its segments like materials, end-user industries, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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Geotextile Tubes Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 4.1 Billion
• Forecast CAGR (2023-2028): 9.74%
• Forecast Market Size (2027): USD 7.1 Billion
The rising demand for geotextile tubes for shore protection and construction of sea dikes owing to the scarcity of natural rock and traditional coastal structures is driving the market. Tsunamis and tropical storms can cause great harm to the nature and can even lead to soil erosion. Hence, geotextile tubes are gaining traction in environment protection applications. In addition to this, the high tensile strength of geotextile tubes makes them ideal for civil engineering construction projects. This factor is anticipated to propel the market growth in the forecast period. Geographically, Europe accounts for a significant share in the market owing to the robust development of artificial coastal structures on beaches. This can be attributed to the increasing footfall of the tourists and travelers.
Geotextile Tubes Industry Definition and Major Segments
Geotextile tubes are defined as cylindrical tubes that are made of plastic material. The tube is filled with sand and covered with gabions to provide it strength against tides or strong winds in the embankment area. Geotextile tubes are also used for dune restoration and are exposed in front of a significant storm. Moreover, it is applicable in the protection of shorelines and rebuilding beaches.
On the basis of material, the market can be segmented into:
• Woven Geotextile Tubes
• Non-Woven Geotextile Tubes
The significant end-user industries included in the market are:
• Wastewater Treatment
• Pulp and Paper Mills
The regional markets for geotextile tubes include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Geotextile Tubes Market Trends
The market for geotextile tubes is being fueled by rising investments in water and sewage treatment projects owing to the increasing focus of the government on sustainable development goals. The rising prevalence of coastal erosion across various countries is also prompting various governments to introduce measures against the depletion of natural resources. For instance, in May 2021, the Indian government announced the development of geotextile tubes in Andhra Pradesh and Odisha to prevent coastal erosion. Furthermore, the growing concerns pertaining to climate change are anticipated to spearhead the production of geotextile tubes in order to bolster the preparedness against natural calamities.
Key Market Players
The major players in the market:
• TechFab India Industries Ltd
• ACE Geosynthetics
• Aker Biomarine Antarctic As
• Koninklijke Ten Cate bv.
• Tensar International Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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