Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2314.57 Million | USD 4417.56 Million | 8.28% | 2022 |
The global geotextile tubes market size was worth around USD 2314.57 Million in 2022 and is predicted to grow to around USD 4417.56 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.28% between 2023 and 2030.
The report analyzes the global geotextile tubes market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the geotextile tubes industry.
The geotextile tubes are known to be the largest and most cost-effective solution for dewatering wastewater treatment plants, large sites, industrial wastes, or lagoons. These tubes are also referred to as geobags, geotextile containers, geotubes, dewatering bags, soil tubes, or geocontainers. The geotextile tubes are usually designed for large dewatering requirements with high-strength fabrics with large holding capacities and sizes. As these tubes are made up of permeable fabric, they allow easy passage and filtration of water through the geobags. The geotextile tubes are flexible, versatile, and monolithic which makes them easy to install in variable conditions.
The growing need for wastewater treatment in industries, increasing adoption of geotextile tubes to prevent soil erosion occurring due to coastal waves & river water, and stringent policies & regulations enforced by the government to prevent water pollution are the key aspects that are spurring the growth of the global geotextile tubes market. For the prevention of coastal erosion, traditional structures such as breakwaters, dykes, seawalls, groins, bunds, and revetments are been used.
To construct these structures a huge amount of time and investment is required. On the other hand, geotextile tubes offer cost-effective solutions with low maintenance and ease in the process of installation. Additionally, the geotextile tubes are been widely used in several industries such as construction, marine & hydraulic, agricultural engineering, and environmental engineering. Thus, huge investments are been made by the manufacturers in the R&D sectors to meet the demand of the end-users with products of high quality.
Hence, all such factors are ultimately resulting in the substantial growth of the global market. Moreover, factors such as growing concerns about protecting coastal lines and rising seawater levels are also contributing to the growth of the market. Furthermore, advancements in the technologies in the manufacture of geotextile tubes may create huge opportunities for the growth of the global market during the forecast period. However, the fluctuating prices of the raw materials required for the manufacturing of geotextile tubes may restrain the growth of the global geotextile tubes market.
The global geotextile tubes market is severely hit by the Covid-19 outbreak. The demand for the geotextile tubes decreased as most of its end-users such as marine & hydraulic, construction, and agricultural engineering had to temporarily halt all operations due to the decision of strict lockdown imposed by the governments of several countries. In addition to this, the manufacturers of the geotextile tubes had to stop their operations as well as had to face challenges such as scarcity of raw materials and cutting down the number of laborers.
The restrictions on transportation also resulted in the disruption of the supply chain. The construction sector is one of the major industries demanding geotextile tubes. Due to the lockdown and restrictions on movement, the construction of the ongoing project are been hampered and no new projects are launched. This has also negatively impacted the growth of the global geotextile tubes market amid the Covid-19 pandemic.
The global geotextile tubes market is categorized based on the type, end-use, and region. Based on the type, the market is bifurcated into woven geotextile tubes and nonwoven geotextile tubes. Based on the end-user, the global geotextile tubes market is split into marine & hydraulic, construction, agricultural engineering, and environmental engineering.
Global Geotextile Tubes Market: Report Scope
Report Attributes | Report Details |
---|---|
Report Name | Geotextile Tubes Market Research Report |
Market Size in 2022 | USD 2314.57 Million |
Market Forecast in 2030 | USD 4417.56 Million |
Growth Rate | CAGR of 8.28% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Officine Maccaferri, TechFab India Industries Ltd, Fibertex Nonwovens, Geofabrics Australasia Pty Ltd, Ace Geosynthetics, Flexituff Ventures International Limited, NAUE GmbH & Co. KG, Koninklijke TenCate, Low & Bonar, and TenCate Geosynthetics Americas. |
Segments Covered | By Type, By End Users, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is anticipated to grow with the highest CAGR in the global geotextile tubes market over the forecast period. The rapid growth of the market in this region is mainly attributed to the presence of a long coastline region and growing concerns over elevating seawater levels. Along with this, expansion of the infrastructure sector is augmenting the demand for high-quality geotextile tubes and this factor is attracting major players in the market to invest in this region. North America is expected to register the second-highest CAGR in the global geotextile tubes market over the forecast period.
The key players operating in the global geotextile tubes market include
By Type
By End-User
Global Geotextile Tubes Market: Regional Segment Analysis
What Reports Provide
FrequentlyAsked Questions
The growing need for wastewater treatment in industries, increasing adoption of geotextile tubes to prevent soil erosion occurring due to coastal waves and river water, and stringent policies & regulations enforced by the government to prevent water pollution are the key aspects that are spurring the growth of the global geotextile tubes market. Furthermore, advancements in the technologies in the manufacture of the geotextile tubes may create huge opportunities for the growth of the global geotextile tubes market during the forecast period.
The key players operating in the global geotextile tubes market include Officine Maccaferri, TechFab India Industries Ltd, Fibertex Nonwovens, Geofabrics Australasia Pty Ltd, Ace Geosynthetics, Flexituff Ventures International Limited, NAUE GmbH & Co. KG, Koninklijke TenCate, Low & Bonar, and TenCate Geosynthetics Americas.
Asia Pacific is anticipated to grow with the highest CAGR in the global geotextile tubes market over the forecast period. The rapid growth of the market in this region is mainly attributed to the presence of a long coastline region and growing concerns over elevating seawater levels. Along with this, expansion of the infrastructure sector is augmenting the demand for high-quality geotextile tubes and this factor is attracting major players in the market to invest in this region.
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