Tarpaulin sheets have remarkable properties that help in protecting goods and against harsh weather conditions. They have good tensile strength and the durability, which is why Future Market Insights (FMI) has predicted their sales to surge in the coming years.
Application across industries such as agriculture, building & construction, storage, warehousing & logistics, consumer goods, and others will enable the market to reach a valuation of US$ 12.1 Bn by 2031. Agriculture and the building & construction sectors are likely to account for maximum sales of tarpaulin sheets. Of these, over one-fourth of tarpaulin sales concentrates in the agriculture sector.
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Tarpaulin sheets are used in various applications such transporting of the goods and products in the ship where they are majorly used in covering and for the protection of cargo. They also are in the roadway and railway transportation of the goods. In agriculture, tarpaulin sheets provide excellent protection to the crops or produce from the extreme rains and sunlight during the summer which is likely to damage the condition of the crops.
In addition to the protection against harsh temperature, tarpaulin sheets are used as pond liners d to collect and reserve the water. The antifungal and anti-static properties of Poly Vinyl Chloride (PVC), which is a key material used for making tarpaulin sheets is attributable for their impressive properties.
In the coming years the market will witness increasing focus on the manufacturing of recyclable tarpaulin sheets. Increasing demand for sustainable packaging solutions will give tailwinds to this trend and in turn pave the way for the expansion of the market in the near future. Tarpaulin sheets are serving their usage in various applications which is anticipated to increase the market share for the global tarpaulin sheets market in the near future.
In June 2020, the Presena glacier in Northern Italy was covered with vast tarpaulin sheets to cover over 100,000 sq meters of the giant glacier to protect the glacier from melting due to global warming.
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Key Takeaways from Tarpaulin Sheets Market
- Tarpaulin sheets sales will rise consistently, enabling the market register a CAGR of 4.7% between 2021 and 2031
- Rising demand from building and construction sector will support growth in the U.S., which is forecast to account for over 84% of sales within North America in 2021
- Recovery is on card for the U.K. market as demand from agriculture sector continues to rise
- Expansion of agriculture sector enable the India market exhibit impressive growth
- China will continue dominating APEJ market, thanks to high availability of raw materials
“Ease of handling and the demand for flexible packaging solutions are driving tarpaulin sheets sales. Companies operating in the market are currently emphasizing on sustainable solutions to keep pace with changing trends in the market. There is higher focus on offering greater recyclability, which will contribute towards the growth of the market in the coming years,” says FMI analyst.
Environmental Concerns Regarding Tarpaulin Sheets Might Hamper Growth
Although tarpaulin sheets provide excellent protection to goods and products, it also serves as a cost-effective packaging solution for manufacturers and consumers. However, difficulty in biodegradability is expect to restrict the adoption of the tarpaulin sheets. Tarpaulin sheets require centuries to biodegrade by which they create a huge harm for the environment leading to the marine and land pollution.
Compared to the traditional tarpaulin sheets, the recyclable tarpaulin sheets are expected to reduce the environmental pollution and create higher scope for the expansion of the market in the coming days. The use of traditional tarpaulin sheets are anticipated to adversely affect the demand, especially in the emerging economies such as, Middle East & African countries, Singapore, Malaysia and other countries.
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Who is Winning?
Manufacturers eyeing on the premiumization of the tarpaulin sheets which is expect to boost the global tarpaulin market. They are not only producing the tarpaulin sheets of superior quality but are building excellent brand image to attract consumers with low price sensitivity, strong purchasing power, and high brand loyalty. Also, manufacturers are focusing on the manufacturing of sustainable or eco-friendly tarpaulin sheets to reduce the harsh environmental impact which will in turn provide consumer satisfaction and high profits.
Puyoung Industrial Corporation, Ltd., Fulin Plastic Industry Co., Ltd., Zhejiang Msd New Material Co., Ltd., Veer Plastics Private Limited, and among others are the key players in the global tarpaulin sheets market. The Tier 1 players hold 5-10% in the global tarpaulin sheets market while the Tier 3 players hold around 50-60% in the global tarpaulin sheets market.
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