Booming Tarpaulin Sheets Market: Asia Pacific to Surpass US$ 4354.5 Million While Europe likely to Cross US$ 2571.3 Million by 2031

Nov 12, 2023

NEWARK, DE / ACCESSWIRE / June 19, 2023 / Over the next ten years, the market for tarpaulin sheets in Asia Pacific & Europe is anticipated to expand at a CAGR of 4.4% and 2.7%, respectively. Asia Pacific is likely to surge from US$ 3,079.5 million in 2023 to US$ 4,354.5 million in 2031.

From US$ 2,078.7 million in 2023 to US$ 2,571.3 million in 2031, Europe is projected to elevate. At the end of 2022, Asia Pacific had a market worth of US$ 2,953.5 million, and in 2023, it is anticipated to rise by 4.3% year over year. Europe had a market value of US$ 2,026.0 million in 2022, and 2.6% year-over-year growth is expected in 2023.

In the agriculture sector, tarpaulins are widely used for several applications such as pond liners for the storage of water or fish breeding. Tarpaulins can be manufactured to be water and UV-resistant. This makes them frequently used as shed nets in the cultivation of crops in temperature and moisture-controlled environments.

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Tarpaulins are also used to protect seeds, fresh produce, and fertilizers among other agricultural products.

Frequent applications of tarpaulins in the agriculture sector are to safeguard various products from external environmental conditions. Consumers of tarpaulins in the agriculture sector require cost-efficient but durable solutions.

Manufacturers of tarpaulin sheets have the opportunity to offer custom tarpaulin sheets that are targeted toward specific applications of the agricultural sector. Creating a custom portfolio targeted toward specific applications can help them to manufacture products with standard specifications in bulk quantities.

Standardization of product specifications can also help consumers in the agricultural sector to purchase an optimal product.

The industrial sector in the Association of Southeast Asian Nations (ASEAN) countries such as the Philippines, Indonesia, and Vietnam is growing at a fast pace. Domestic deregulations, trade liberalization, and investment in physical & human capital are bolstering growth.

The growth of the industrial sector comes with rising demand for storage, warehousing, and logistics. These are a few of the key end uses for tarpaulin sheets.

Tarpaulin sheets are widely used in the storage, warehousing, and logistics sectors to safeguard goods from several external environmental factors. They can be made from a variety of materials with variable thicknesses and layers according to the level of protection needed for the products that are stored or transported.

Demand for tarpaulin sheets in the ASEAN region is projected to expand at a higher CAGR compared to other countries in Asia. Manufacturers of tarpaulin sheets have the opportunity to expand their presence in the ASEAN region and capture growing demand for tarpaulin sheets.

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Key Takeaways from both Markets:

Asia Pacific tarpaulin sheets industry witnessed a CAGR of 3.3% during the historical period.

Europe's tarpaulin sheets market is likely to create an absolute dollar growth opportunity of US$ 545.3 million in the assessment period.

By end use, the agriculture segment is set to capture around 22.8% and 26.8% of the share in 2031 in Asia Pacific and Europe, respectively.

Based on material type, the HDPE sub-segment is anticipated to account for around 78.6% of the Europe tarpaulin sheets market by 2031.

India's tarpaulin sheets industry is projected to hold a robust market share of 27.1% in 2023.

"Asia Pacific's expanding agricultural sector has helped the tarpaulin sheets market to expand. Need for these sheets has increased as more farmers are using cutting-edge farming methods such as hydroponics, vertical farming, and greenhouse farming," - says a lead analyst at Future Market Insights (FMI).

Competitive Landscape:

High demand for customized tarpaulins among end users is driving manufacturers in the Asia Pacific & Europe tarpaulin sheets industry. They aim to offer bespoke tarpaulin products.

Customization in terms of several factors such as the number of layers of sheets, material, print, and coating is in high demand in the market. Customized tarpaulins might help key players to get the optimal product specifications as per their requirements.

Manufacturers of tarpaulin sheets are enhancing their product offerings to capture the growing demand for customized products. Delivering bespoke products to clients not only helps market players in increasing their share but also expands their profit margins.

For instance,

Polyexcel (Asia) Private Limited is one of the leading companies in the Asia Pacific region that provides high-quality tarpaulin sheets. It offers a wide range of tarpaulin sheets that are known for their durability, strength, and resistance to harsh weather conditions.

Sioen Industries NV specializes in the production and distribution of tarpaulin sheets in Europe. Its commitment to sustainability and environmentally friendly practices positions them as a reliable & responsible provider of tarpaulin solutions in Europe.

China

India

Japan

South Korea

Association of Southeast Asian Nations Countries

Australia & New Zealand

Rest of Asia Pacific

Germany

Italy

France

United Kingdom

Spain

BENLUX

Nordics (Scandinavia)

Russia

Poland

Rest of Europe

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Market Outlook by Categorization:

By Material Type:

Polyethylene (PE)

HDPE

LDPE

Poly Vinyl Chloride (PVC)

Polyethylene Terephthalate (PET)

Polyamide (PA)

Canvas

By Product Type:

Insulated Tarps

Leno Tarps

Truck Tarps

UV Protected Tarps

Sports Tarps

Mesh Tarps

Others

By Product Weight:

Less than 100 GSM

Between 100 to 300 GSM

Between 300 to 600 GSM

Above 600 GSM

By Lamination Type:

Up to 2 Layers

3 Layers Laminate

4 Layers Laminate

Above 4 Layers

By End-use:

Agriculture

Building and Construction

Scaffolding Industry

Automobiles

Storage, Warehousing, & Logistics

Transport

Consumer Goods

Others

By Country:

Asia Pacific

Europe

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Table of Content (ToC):

1. Executive Summary

1.1. Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation

4. Key Success Factors

4.1. Product Adoption

4.2. Product USPs

4.3. Promotional Strategies

5. Market - Pricing Analysis

5.1. Pricing Analysis By Material Type,

5.2. Pricing Break-up

5.3. Average Pricing Analysis Benchmark

6. Market Demand (Volume in Tons and Value in US$ Million) Analysis 2015 to 2022 and Forecast, 2023 to 2031

6.1. Historical Market Value (US$ Million) & Volume (Tons) Analysis, 2015 to 2022

6.2. Current and Future Market Value (US$ Million) & Volume (Tons) Projections, 2023 to 2031

6.2.1. Y-o-Y Growth Trend Analysis

6.2.2. Absolute $ Opportunity Analysis

Click Here for Asia Pacific and Europe Tarpaulin Sheets Market 215 pages TOC Report

About the Packaging Division at Future Market Insights (FMI):

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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About Future Market Insights, Inc.

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