Geotextile Market – Global Industry Analysis And Forecast (2023-2029)

Geotextile Market was valued at US$ 7.24 Bn. in 2022. The Global Geotextile Market size is estimated to grow at a CAGR of 6.80% over the forecast period.
Geotextile Market Overview:
The report explores the Geotextile market's segments (Type, Application, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Geotextile market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Geotextile market's contemporary competitive scenario.To know about the Research Methodology:- Request Free Sample Report
Geotextile Market Dynamics:
The growing urbanization causes to increase in construction activities like landfills, and harbors, improvising the drainage systems, improving the stability of the soil, and road construction. Geotextile is the natural fibers like cotton, jute, coir, and wool. These fibers are low-cost and are derived from a natural product. The governments are also promoting the production of Bio-based Geotextile production within the countries. The Geotextile manufacturers are getting advantages of government policies and incentives that are encouraging the producers.

Geotextile production also improves soil fertility and contributes to a green environment. In the past, the Geotextile were produced by a mixture of the natural fibers and the vegetation together. But in now times, synthetic fibers and polymers or natural fibers are used for the production of Geotextile. The synthetic fibers which are used for producing Geotextile are Polyamides, polyethylene, and polyester. Some of the byproducts of Geotextile fabrics are nets, webs, mats, and grids. The synthetic Geotextile have features of flexibility and permeability. The Cost-Effectiveness and the durability of the Geotextile are fueling the market growth.

The bio-based materials are used for making bio-based Geotextile such as agricultural products and waste streams. Some examples of Bio-based Geotextile are Maize-based PLA Geotextile, sheep wool erosion mats, and straw and coconut erosion mats. Reduction of greenhouse gas emissions and resource efficiency are some of the features which are fueling the growth of the Geotextile Market globally.

Above all the types, Jute is the maximum used bio-based Geotextile. Jute has the advantages of enhancing soil fertility and is less expensive compared to other natural Bio-based Geotextile. Jute has characteristics of abundant availability, renewable in nature, high - moisture absorbing capacity, excellent durability, high tensile strength, low break extension, higher spinning ability, flexibility, and biddability in nature. The characteristic of flexibility and higher absorption capacity made it a good material that is often used in the civil engineering field. All these factors increase the demand for bio-based Geotextile leading to the growth of the market globally during the forecast period.

Geotextile is the natural fibers like cotton, jute, coir, and wool. These fibers are low-cost and are derived from a natural product. The synthetic fibers which are used for producing Geotextile are Polyamides, polyethylene, and polyester. Any fluctuations in the changes in demand and supply of raw materials create an impact on the market of the Geotextile industry. Also, the volatility of the prices of raw materials hampers the growth of the market significantly.

Geotextile are the petrochemical-based product that is responsible for Carbon Emissions. Due to the government's strict regulations for reducing carbon emissions, the market can hamper. Carbon emissions cause global warming, which further affects climate change, melting of ice caps, rising sea levels, rise in temperature., etc. All of these impact the environment in a very negative way and are dangerous for human habitats. Also, the lack of skilled labor is one of the major problems for the production of the Geotextile market.

The loss of professional people with technical knowledge is a challenge for the growth of the Geotextile market.
Geotextile Market Trends:
Geo-textiles market is mostly influenced by many activities. Some are like the construction of roadways, highways, flyovers, bridges, and drainage systems. An increase in awareness for soil fertility enhancement which, if not maintained properly, leads to environmental problems like deforestation and the greenhouse effect. Using Geotextile are proven solutions for the scaling problems, increasing life pavement, repair, and rehabilitation of highways, cost-control, and improving the lifespan of roads. Geotextile are upcoming as a substitute for concrete in the road construction industry. An increase in population, urbanization, and rapidly increasing investments in the development of infrastructure are some of the important factors which are fueling the world’s geotextile market
Segment Analysis:
Based on Type, the Geotextile Market is segmented into Woven, Non- Woven, and knitted. Non-woven Geotextile will be dominated by the geotextile market in 2022 on account of their high adoption in a wide range of applications such as hygiene products, automobiles, construction, furniture, medical products, agriculture, and packaging. The non-woven segment is expected to register a significant revenue-based CAGR of 11.2% over the forecast period. Because of their ability to offer an avenue for water flow, nonwoven Geotextile are increasingly being used in the building of roads, drainage systems, and erosion control. Because of their excellent tensile strength and low cost, nonwoven Geotextile are in high demand for transportation infrastructure projects. In addition, over the forecast period, infrastructure growth in Asia Pacific economies such as China and India is expected to fuel demand for nonwoven Geotextile in the area.

Based on Application, the Geotextile Market is segmented into Road construction, Erosion prevention, and Drainage. The Drainage segment holds the maximum market share accounting for 53.1% in 2022. When Geotextile function as a drain, they act as a channel for the movement of gases or liquid. Furthermore, increasing product demand for infrastructure development, including roadways, railways, and bridges, is expected to drive the market over the forecast period. The usage of Geotextile in drainage systems aids in the creation of a channel for continuous water flow.

Geotextile are used to reinforce soil, which helps to avoid erosion. The product aids in the binding of soil particles and the promotion of vegetation development, reducing erosion in the long run. In addition, the blockage caused by soil washing away is one of the most common difficulties in drainage systems. These products and other geosynthetic goods like geomembranes are commonly utilized in drainage systems such as landfills. Hence the drainage segment has the maximum market share.
Regional Insights:
The Asia-Pacific region held the largest market share accounting for 57% in 2022. Urbanization is creating an increase in infrastructural development, which leads to construction are driving the rise of the geotextile market. Some countries like India and China are making new investments in the construction industry to fulfill the demand for housing and hospitals in the Asia-Pacific region. Hence the government of Asian countries is increasing their investments in the area.

The European region is expected to witness significant growth at a CAGR of 6.8% through the forecast period. Some countries like Germany and the UK are producing special qualities Geotextile to serve various purposes. The government of European region countries is giving a set of regulations to the manufacturers for maintaining standards. Also, the countries such as US and Canada are upgrading their system of sewage and drainage is being done very regularly, and hence, the factors are responsible for the growth of the geotextile market.

The objective of the report is to present a comprehensive analysis of the global Geotextile Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Geotextile Market dynamic and structure by analyzing the market segments and projecting the Geotextile Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Geotextile Market make the report investor’s guide.
Geotextile Market Scope: Inquire before buying



Global Geotextile Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.24 Bn.


Forecast Period 2023 to 2029 CAGR:
6.80%
Market Size in 2029:
US $ 11.49 Bn.


 Segments Covered:
by Type
Non-woven
Woven
Others


by Application
Road construction
Erosion prevention
Drainage
Others



Geotextile Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Geotextile Market Key Players:
1.Koninklijke Ten Cate B.V.
2.GSE Holdings Inc.
3.NAUE GmbH & Co. KG
4.Du Pont
5.Officine Maccaferri S.p.A.
6.Low and Bonar PLC
7.Propex Operating Company
8.LLC
9.Fibertex Nonwovens A/S
10.TENAX Group
11.AGRU America
12.Global Synthetics
13.HUESKER Group
14.TYPAR
15.Machina-TST.
16.Berry Global
17.Propex Operating Company LLC
18.TenCate Geosynthetics
19.GSE Environmental Inc.
20.Tenax Corporation
21.Tensar International Corporation
22.Suntech Geotextile Pvt. Ltd.
Frequently Asked Questions
1) What are the major segments of the Geotextile Market?
Ans: Based on Type, the Geotextile Market is segmented into Woven, Non- Woven, and knitted. Based on Application, the Geotextile Market is segmented into Road construction, Erosion prevention, and Drainage.

2) What are the restraints of the Geotextile Market?
Ans: Geotextile is the natural fibers like cotton, jute, coir, and wool. These fibers are low-cost and are derived from a natural product. The synthetic fibers which are used for producing Geotextile are Polyamides, polyethylene, and polyester. Any fluctuations in the changes in demand and supply of raw materials create an impact on the market of the Geotextile industry.

3) What is the CAGR at which the Geotextile Market is growing during the forecast period?
Ans: The Global Geotextile Market size is estimated to grow at a CAGR of 6.80% over the forecast period.

4) Who are the key players in the Geotextile market?
Ans: GSE Holdings Inc., NAUE GmbH & Co. KG, Du Pont, Officine Maccaferri S.p.A., Low and Bonar PLC, Propex Operating Company, LLC, Fibertex Nonwovens A/S, TENAX Group, AGRU America, Global Synthetics, HUESKER Group, TYPAR, Machina-TST. And Berry Global.

5) Which region is holding the maximum market shares of the Geotextile market?
Ans: The Asia-Pacific region held the largest market share accounting for 57% in 2022. Urbanization is creating an increase in infrastructural development, which leads to construction are driving the rise of the geotextile market. Some countries like India and China are making new investments in the construction industry to fulfil the demand for housing and hospitals in the Asia-Pacific region.