Geotextile Tubes Market Growing Demand to Boost the Market Growth

Allied Market Research 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 generated $3.3 billion in 2019 and is projected to reach $7.2 billion by 2027, with a CAGR of 10.0% from 2020 to 2027.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7936

Key Growth Drivers:

- Surge in demand from developing countries and preference for nonwoven technical fabrics are driving global geotextile tubes market growth.
- However, the market is constrained by the large production of toxic waste.
- On the other hand, the emergence of eco-friendly technology presents new opportunities.

COVID-19 Impact:

- Manufacturing and supply chain disruptions due to lockdowns have slowed down the market.
- Economic slowdown has also affected demand, particularly in industries such as construction, pulp & paper mills, and marine.
- As lockdowns ease, construction activities are resuming, and demand for geotextile tubes is expected to pick up.

Key Market Segments:

- Nonwoven segment contributed the largest revenue share in 2019 and is expected to maintain its dominance throughout the forecast period, with a CAGR of 10.2%.
- Marine segment is expected to grow the fastest, with a CAGR of 11.7% from 2020 to 2027.
- Wastewater segment held the highest share in 2019 and will continue to do so during the forecast period.

Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/geotextile-tubes-market/purchase-options

Regional Insights:

- Asia-Pacific held the highest share in 2019 and is expected to witness the largest CAGR of 10.7% from 2020 to 2027, driven by government schemes and demand for agro-textile products.
- North America is projected to grow at a steady pace, with a CAGR of 9.3% throughout the forecast period.

Leading Players:

The report includes analysis of leading companies like 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., and Fibertex Nonwovens.

Obtain Report Details: https://www.alliedmarketresearch.com/geotextile-tubes-market-A07571

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

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.

This release was published on openPR.