The geotextile tubes market is projected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Geotextile tubes also known as geotubes or dewatering tubes are made from permeable textile materials or fabrics for various civil engineering and other geotechnical applications. These tubes are manufactured in the form of large sludge dewatering bags or geo-containers constructed from high strength, permeable geotextile materials such as polypropylene and polyester. Tencate developed Geotubes after the catastrophic flood destroyed the coast of Holland in 1953. It developed technical textile for use in marine structures; this created a new market engineered geotextiles and industrial fabrics in marine & hydraulic and dewatering & containment applications. The name Geotube was trademarked in 1994 by Nicolon B.V in the Netherlands.
Key players such as 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), and Fibertex Nonwovens (Denmark) have adopted acquisitions, expansions, supply contracts, collaboration, distribution agreement, new product launches, and divestments as their strategies.
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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
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