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.
Tarpaulin sheets possess water-resistant properties and extraordinary strength. As a result, they help industries to protect a wide range of products from external weather conditions during storage and transportation. The growing need for protecting products or equipment for a long time from the changing weather conditions is expected to elevate tarpaulin sheets demand over the next ten years.
The United Kingdom is poised to maintain its position as a significant market for tarpaulin sheets in the coming years, projected to capture a substantial 22% share of the global market over the forecast period. This robust growth is attributed to several key factors.
Firstly, the rise in plastic production in the UK, in alignment with the European trend, contributes to the market’s expansion. European plastic production reached 61.8 million tons in 2018, and the UK plays a substantial role in this due to its strong presence of well-established key players in the industry.
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The increasing plastic production is set to create abundant growth opportunities for tarpaulin sheet manufacturers over the next decade, making the United Kingdom market an attractive destination for investment and expansion.
Furthermore, the market benefits from the growing popularity of UV-protected tarpaulin sheets and the emphasis on sustainable packaging solutions. These factors, along with the strong presence of leading companies and thriving sectors such as agriculture, logistics, and construction, position the United Kingdom as a lucrative hub for tarpaulin sheet manufacturers, with significant revenue potential in the forecast period.
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.
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 Million 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 at 5% CAGR between 2023 and 2033.
- The USA is forecast to hold about 6% share of the global tarpaulin sheets industry in 2023.
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“Ease of handling and convenience of tarpaulin sheets are expected to boost the global market during the forecast period. Besides this, development and popularity of sustainable tarpaulin sheets will boost sales through 2033,” says a lead FMI analyst.
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.
Who is Winning?
Key players operating in the tarpaulin sheets market are
- KSA Polymer,
- Marson Industries Pty Ltd,
- Fulin Plastic Industry Co., Ltd.,
- Rhino UK,
- C&H Vina Co., Ltd.,
- K-Tarp Vina Co., Ltd.,
- Puyoung Industrial Corporation, Ltd,
- Bag Poly International Pvt. Ltd,
- Qingdao SG Global Packaging Co., Ltd,
- Telford Tarpaulins,
- Darling Downs Tarpaulins,
- J Clemishaw Ltd.,
- Del Tarpaulins Ltd.,
- Canadian Tarpaulin Manufacturers Ltd.
- Cunningham Covers.
These tarpaulin sheet manufacturers are constantly upgrading their product portfolios by launching new tarpaulin sheets with multiple functions. Beside this, they are investing in research and development activities and adopting merger & acquisition strategy to gain an upper hand in the market.
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Tarpaulin Sheets Market by Category
By Product Type:
- Insulated Tarps
- Hoarding Tarps
- Truck Tarps
- UV Protected Tarps
- Sports Tarps
- Mesh Tarps
- Others
By Material:
- Polyethylene (PE)
- Poly Vinyl Chloride (PVC)
- Poly Ethylene Terephthalate (PET)
- Polyamide (PA)
- Canvas
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 & Construction
- Automobiles
- Storage, Warehousing & Logistics
- Consumer Goods
- Others
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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