Sep 10, 2019   SOURCE: BusinessWire

Global Geotextile Tubes Market Set to Reach $3.3 Billion by 2024 - Revenue Breakdown by Type, End-user and Region - ResearchAndMarkets.com

The "Geotextile Tubes Market by Type (Woven, Nonwoven), End-use (Marine & Hydraulic, Environmental Engineering, Agricultural Engineering, Construction), and Region (Europe, North America, APAC, MEA, South America) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The geotextile tubes market is projected to grow from USD 1.8 billion in 2019 to USD 3.3 billion by 2024, at a CAGR of 10% during the forecast period.

This report defines, segments, and projects the geotextile tubes market based on type, end-use, and region. It strategically profiles key players and comprehensively analyzes the ranking of leading players in the geotextile tubes market. It also tracks and analyzes competitive developments, such as expansions, acquisitions, new product launches, supply contracts, distribution agreement, collaboration, and divestment in the geotextile tubes market.

Major companies in the geotextile tubes market include Ace Geosynthetics (Taiwan), Officine Maccaferri (Italy), Low & Bonar (UK), Flexituff Ventures International Limited (India), TechFab India Industries Ltd (India), Geofabrics Australasia Pty Ltd (Australia), Koninklijke TenCate (Netherlands), NAUE GmbH & Co. KG (Germany), Huesker (Germany), Fibertex Nonwovens (Denmark), among various others.

Increasing construction of soft engineering structures for coastal protection is expected to drive the demand for geotextile tubes from marine & hydraulic segment during the forecast period

The rising level of oceans and seas due to the increase in temperature is a major factor causing coastal erosion. The increase in sea and ocean levels result in larger and higher waves reaching the coast through deepening near-shore waters. Coastal erosion is accelerated further by human activities such as sand dredging and harbor construction.

Geotextile tubes and bags have been installed along the coastlines of Bay of Bengal, along with the coastal areas of Malad, Mumbai, along the sea wall of Uppada, Andhra Pradesh and in other coastal areas all over India. The government of India has instantiated the latest project as of June 2019. The government has permitted to install geotextile tubes technology to prevent the sea attacks along the coast of Ponani, Kerala. The geotextile tubes will be installed from the coast of Puthuponnani to Ponnani.

The woven segment of geotextile tubes market is projected to grow at the higher CAGR during the forecast period

Based on type, the woven segment is expected to grow at the higher CAGR between 2019 and 2024. Woven geotextile tubes are used widely for dewatering applications due to their high-performance efficiency. Woven geotextile tubes are manufactured by sewing one or more layers of high strength permeable woven geotextile fabric together to form a tube which is later filled with high water content materials by hydraulic pumping. Woven geotextile tube has fine porosity and superior tensile strength, which allows efficient filtration.

The market in Asia Pacific is projected to grow at the highest CAGR in the global geotextile tubes market

The geotextile tubes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The geotextile tubes market in the Asia Pacific (APAC) region is growing rapidly. This region is home to some of the leading consumers of geotextile tubes globally, such as China, Japan, South Korea, and India. Increasing construction activities and rising awareness regarding coastal erosion are some of the major factors attributed to the growth of the market in the region. Countries, such as China, Japan, South Korea, India, Singapore, and Australia are majorly driving growth in the Asia Pacific region and provide considerable scope for the further development of the geotextile tubes market.

Reasons to Buy the Report

  • This report is expected to help market leaders/new entrants in this market by providing them with the closest approximations of revenues of the geotextile tubes market and its sub-segments.
  • This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape, gain insights to enhance the positions of their businesses, and enable them to make suitable go-to-market strategies.
  • The report is expected to help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities

4.2 Global Trash Bag Market, By End Users

4.3 Global Trash Bag Market, By Type

4.4 Global Trash Bag Market, By Region

5 Market Overview

5.1 Introduction

5.2 Market Segmentation

5.3 Market Dynamics

5.4 Porter's Five Forces Analysis

6 Industry Trends

6.1 Introduction

6.2 Production Process of Trash Bag

6.3 Supply Chain Analysis of Trash Bag Market

6.4 Economic Indicators

7 Global Trash Bag Market, By End Users

7.1 Retails

7.2 Institutional

7.3 Industrial

8 Global Trash Bag Market, By Material

8.1 High-Density Polyethylene (HDPE)

8.2 Low-Density Polyethylene (LDPE)

8.3 Linear Low-Density Polyethylene (LLDPE)

8.4 Bio-Degradable Polyethylene

8.5 Others

9 Global Trash Bag Market, By Size

9.1 Small Size (3 to <13 Gallon)

9.2 Medium Size (>13 to <50 Gallon)

9.3 Large Size (>50 Gallon)

10 Global Trash Bag Market, By Type

10.1 Draw Tape/ Drawstring Bag

10.2 Star Sealed Bags

10.3 Wave Top Bags

10.4 Others

11 Global Trash Bag Market, By Region

11.1 Introduction

11.2 Asia-Pacific

11.3 Europe

11.4 North America

11.5 Middle East & Africa

11.6 Latin America

12 Competitive Landscape

12.1 Overview

12.2 Competitive Benchmarking

12.3 Market Share Analysis

12.4 Competitive Situations and Trends

12.4.1 Expansions

12.4.2 Collaborations

12.4.3 Acquisitions

12.4.4 Agreements

12.4.5 New Product Launches

13 Company Profiles

13.1 Geography Mix of Key Market Players

13.1.1 Reynolds Group Holdings Limited

13.1.2 Berry Plastic Corporation

13.1.3 The Clorox Company

13.1.4 Cosmoplast

13.1.5 Novolex

13.1.6 International Plastics

13.1.7 Inteplast Group

13.1.8 Luban Pack

13.1.9 Novplasta

13.1.10 Extrapack Ood

13.1.11 Terdex GmbH

13.1.12 Achaika Plastic S.A

13.1.13 International Plastics

13.1.14 Pack-It B.V.

13.1.15 Mirpack TM

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