According to Future Market Insights’ latest report, the global tarpaulin sheets market is projected to reach a massive valuation of US$ 13.0 billion in 2033, with overall sales exhibiting a CAGR of 4.7% throughout the assessment period. In 2023, the overall market size is estimated to touch a valuation of US$ 8.1 billion.
Increasing demand for tarpaulin sheets across building & construction, logistics, agriculture, and several other industries is driving the global market forward. Similarly, growing popularity of tarpaulin sheets due to their excellent protection and safeguarding in all weather conditions is expected to boost sales over the next ten years.
Tarpaulin sheets possess outstanding properties such as good tensile strength and durability that aids in protecting a wide range of goods from harsh weather conditions. Hence, they are being increasingly used across such as agriculture, logistics, building & construction, consumer goods, and others.
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Tarpaulin sheet are also cost-effective and lightweight, which make them highly popular across the world. They serve their use in a variety of applications including transportation of products where they are mainly used in protecting and covering cargo.
In agriculture sector, tarpaulin sheets provide excellent protection for crops or produce from rains and sunlight. Tarpaulin sheets are also used to form pond liners to collect and reserve the water.
Besides this, considering the trend of sustainability in packaging, leading tarpaulin sheet manufacturers have started producing recyclable tarpaulin sheets to cope with rising environmental concerns and stringent regulations.
Currently, demand remains high for hoarding tarps in the market due to their multiple uses. However, sales of insulated tarps are expected to uplift market for the tarpaulin sheets owing to their excellent temperature-controlling properties.
Manufacturers are focusing on developing recyclable tarpaulin sheets to reduce environmental pollution. This will facilitate market expansion during the projection period.
Key Takeaways from Tarpaulin Sheets Market
- By product type, the hoarding tarps segment is expected to hold around 1/3rd value share in the global market during the assessment period.
- Based on material, polyethylene (PE) segment is estimated to outbid other segments while the PVC segment is estimated to increase at a prominent CAGR of 5% between 2023 and 2033.
- Based on product weight, 100 to 300 GSM segment is anticipated to offer an incremental opportunity of US$ 1,114.6 Mn during the forecast period.
- In terms of end use, agriculture segment is forecast to hold a maximum share of the global tarpaulin sheets market during the assessment period.
- With booming agriculture and automotive industries, China is likely to hold a significant share of 2% in the global tarpaulin sheets market by 2033.
- Tarpaulin sheets demand in India is poised to rise at5% CAGR between 2023 and 2033.
- The USA is forecast to hold about 6% share of the global tarpaulin sheets industry in 2023.
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.
- KSA Polymer
- K-Tarp Vina Co., Ltd.
- Fulin Plastic Industry Co., Ltd.
- Rhino United Kingdom
- C&H Vina Co., Ltd.
- Puyoung Industrial Corporation, Ltd
- Bag Poly International Pvt. Ltd
- Qingdao SG Global Packaging Co., Ltd
- Telford Tarpaulins
- others
Development of Sustainable Tarpaulin Sheets to Create Lucrative Opportunities for Manufacturers
Leading tarpaulin sheet manufacturers are not only developing superior quality products but also creating an excellent brand image to lure consumers with low price sensitivity, high brand loyalty, and strong purchasing power.
Several companies are also concentrating on manufacturing eco-friendly products to reduce environmental impact. This will eventually help them to increase sales over the next ten years.
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Key Segments Covered In Tarpaulin Sheets Industry Research
Product Type:
- Insulated Tarps
- Hoarding Tarps
- Truck Tarps
- UV Protected Tarps
- Sports Tarps
- Mesh Tarps
- Others
Material:
- Polyethylene (PE)
- Poly Vinyl Chloride (PVC)
- Poly Ethylene Terephthalate (PET)
- Polyamide (PA)
- Canvas
Product Weight:
- Less than 100 GSM
- Between 100-300 GSM
- Between 300-600 GSM
- Above 600 GSM
Lamination Type:
- Up to 2 Layers
- 3 Layers Laminate
- 4 Layers Laminate
- Above 4 Layers
End Use:
- Agriculture
- Building & Construction
- Automobiles
- Storage, Warehousing & Logistics
- Consumer Goods
- Others
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