Geotextiles market to be dominated by growing environmental awareness in India through 2028.
Growing use of geotextiles in agriculture
industry and technological advancements associated with geotextiles are the
major drivers for the India Geotextiles Market.
According to TechSci Research report, “India Geotextiles Market – Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the India
Geotextiles Market is anticipated to register a high CAGR during the forecast
period. This can be ascribed to collaborations and partnerships among leading
geotextile companies with a diverse approach to merge the expertise of
individual company and to strengthen their position in the market.
Rising awareness among people related to
utilization of sustainable products including geotextiles are anticipated to
propel the growth of India Geotextiles Market in the forecast period. As people
become more conscious of the impact of infrastructure and construction
activities on the environment, there is a greater demand for sustainable and
eco-friendly solutions. Geotextiles are used as liners and caps in landfills to
prevent contamination of soil and groundwater by waste materials. These
geotextile barriers act as a protective layer, preventing the leaching of
toxins and reducing environmental impact. Geotextiles are an integral part of
green building initiatives, as they reduce the need for raw materials, promote
energy efficiency, and provide long-term durability to structures. Moreover, it
is apparent that the increasing environmental consciousness among stakeholders,
including policymakers, developers, and the general public, is propelling the
demand for geotextiles in India. The growing utilization of geotextiles in the
agriculture industry is considered a significant driver of the India
Geotextiles Market. Geotextiles are increasingly being employed in agriculture
to reinforce soil, mitigate erosion, provide protection against freezing,
sunlight, wind, insects, birds, and weeds, and enhance soil management. These
applications contribute to enhanced crop production and environmental
sustainability in the agriculture sector. The increasing awareness of the
benefits of geotextiles in agriculture has resulted in their greater adoption,
leading to market growth in India. Technological advancements in geotextiles
industry are also attributed to register an impressive growth to the market in
India. Geospatial technologies, including Geographic Information Systems (GIS)
and remote sensing, are being increasingly incorporated with geotextiles. This
integration enhances the planning, design, and monitoring of geotechnical
projects. For instance, GIS aids in identifying appropriate sites for
geotextile applications, optimizing material utilization, and monitoring
project advancements. Technology has
facilitated the emergence of inventive applications for geotextiles. One
notable example is the utilization of geotextile tubes or bags filled with
dredged sediments for coastal protection and land reclamation, which has
garnered considerable attention. Furthermore, progress in geosynthetics has
spurred the creation of environmentally friendly alternatives such as
biodegradable geotextiles, effectively addressing sustainability issues. Mergers
and acquisitions among leading companies have also registered a lucrative
growth to India Geotextiles Market. For instance, TWE Group and Obeetee
Textiles have entered into a joint venture in India, with each company holding
an equal 50% stake. This strategic collaboration aims to strengthen their
presence and bolster their capabilities in the Indian geotextile market.
However, expensive cost of geotextiles and
lack of opportunities for research and development in geotextiles in India are
expected to slow down the growth of the market in the coming years.
Browse
over 25 market data Figures and spread through 91 Pages and an
in-depth TOC on "India Geotextiles Market”
The India Geotextiles Market segmentation is
based on Type, Material, Application, By Company, and Region.
Based on Application, the market is further
divided into Erosion Control, Road, Drainage, and Others. Road construction is
likely to dominate the market in the forecast period. Geotextiles have
emerged as the optimal solution for ground stabilization issues, significantly
increasing pavement durability, facilitating highway repairs and
rehabilitation, controlling costs, and extending road lifespan. They serve as
fundamental materials for filtration and separation in the construction of
roads, highways, flyovers, bridges, and pavements, effectively preventing
material migration and mixing while allowing unimpeded water flow. Geotextiles
are thus gaining traction as a viable alternative to concrete in the road
industry and are projected to experience continued growth in the forecast
period.
Some of the major companies operating in the India
Geotextiles Market include:
- Garware Wall Ropes Ltd.
- TechFab India Industries Ltd.
- Maccaferri Environmental Solutions Pvt. Ltd.
- Terram Geosynthetics Pvt. Ltd. (TGPL)
- Hrishikesh Industrial Fabrics Pvt. Ltd.
- Jeevan Nonwoven
- Skaps Industries India Private Limited
- Virendera Textiles
- Manas Geo Tech India Pvt. Ltd.
- Khator Technical Textiles Pvt. Ltd.
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“Certain regions in India are projected to
exert significant demand for geotextiles. The growth in the competitive
landscape, coupled with the presence of well-established geotextile companies,
who continuously enhance their productivity and drive innovation in geotextile
applications, is expected to contribute to a lucrative growth in the India
Geotextiles Market during the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
India Geotextiles Market By Type (Non-Woven, Woven & Knitted), By
Material (Polypropylene, Polyester & Others), By Application (Erosion
Control, Road, Drainage & Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has
evaluated the future growth potential of India Geotextiles Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Geotextiles Market.
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