The geosynthetics market in South Asia is estimated to be valued at more than US$ 800 Mn, pegged at 544.3 Mn meter square in terms of volume, by 2017 end.
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Amid the COVID-19 crisis, the global market for Geotextile Tubes estimated at US$ 2.2 Billion in the year 2020, is projected to reach a revised size of US$ 4 Billion by 2027, growing at a CAGR of 8.7% over the period 2020-2027.
Woven, one of the segments analyzed in the report, is projected to record 8.9% CAGR and reach US$ 3.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Woven segment is readjusted to a revised 7.9% CAGR for the next 7-year period.
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The global geotextile tubes market was valued at $3. 3 billion in 2019, and is projected to reach $7. 2 billion by 2027, growing at a CAGR of 10. 0% from 2020 to 2027. Geotextile tubes are large tube like sludge dewatering bags or geo-containers constructed from permeable geotextiles. Geotextile tubes are used for dewatering and desludging to reduce the leakage of contaminants to the environment. Consumption of geotextile tubes is rising globally, which is attributed to the growing use in end-use industries.
The global geotextile tubes market has been gradually evolving due to the growing applications in dewatering process. The increase in use of geotextile tubes in dewatering of contaminated sediments, sewerage sludge, and waste in a sewage treatment plant life is expected to drive the growth of the market. Developing concerns of environmental degradation among governments is also expected to boost the dem