Tarpaulin Sheet Industry Analysis in Korea

Analytical Study of Tarpaulin Sheet in Korea (2023 to 2033)

Sales of tarpaulin sheets in Korea are predicted to expand at a modest CAGR of 4.1% through 2033. The tarpaulin sheet in Korea is predicted to experience remunerative opportunities with an estimated revenue generation potential of USD 185.8 million in 2023. It is estimated that the tarpaulin sheet sales are going to be worth USD 277.6 million by 2033.

In Korea, the issue of food insecurity is quite prominent, especially post the pandemic, which propelled reliance on food imports. The situation has been further aggravated by the crisis in Ukraine and India’s restriction of wheat exports.

As a result, Korea has been pursuing food self-sufficiency. This shift in the agriculture sector is predicted to benefit the sellers of tarpaulin sheets in Korea as they are going to have more opportunities to assist farmers in this endeavor.

Cost-effectiveness and water resistance of tarpaulin sheets have fueled its adoption in other sectors like building and construction, logistics, and automobiles. The growth of the construction sector, credited to its expansion in residential and infrastructure sectors, has been fueling the adoption of tarpaulin sheets.

Attributes	Details
Industry size of Tarpaulin Sheets in Korea in 2023	USD 185.8 million
Expected Industry Size of Korea by 2033	USD 277.6 million
Forecasted CAGR between 2023 to 2033	4.1%

Key Trends Dictating Sales of Tarpaulin Sheet in Korea

• Key players are introducing a comprehensive portfolio of high-quality tarpaulin products by leveraging years of research and enhancement in production technology. For instance, certain manufacturers have started deploying Nanotechnology to create tarpaulin sheets that are more UV-resistant and water-resistant.
• The surging awareness about the sustainability factor associated with the use of tarpaulin sheets is propelling its adoption among the end users. Since tarpaulin sheets can be recycled, reused, and developed using sustainable production practices, the use of these sheets can curtail environmental impact. Increasing responsibility toward the planet, as well as excellent functionality of the product, is predicted to boost its demand.
• Increasing demand for tarpaulin sheets for extensive uses in the agriculture sector in Korea is catalyzing its demand. In food industries, the sheet is used as protective layering to store food grains. It is highly preferred by food-related organizations to deliver storage facilities to a network of deposited food grains in small food storing units like go-downs. Tarpaulin sheets are accepted in multiple sectors of food management systems owing to their water-resistance property and heat-specific radiators.
• Using these sheets in the core sectors like agriculture and construction sectors further benefits the economic growth of small businesses due to their availability at pocket-friendly prices. In addition to this, the product is considered extremely durable and multi-layered, which supports its attractiveness among end users.
• Increasing initiatives by the government of Korea to reduce crop losses and boost agricultural production is projected to boost the uptake of tarpaulin sheets in agricultural practices as it helps prevent crop spoilage.

Category-wise Insights

Agriculture Sector Commands over 1/4th of the Overall Share of Tarpaulin Sheet Industry

The agriculture sector in South Korea is heavily investing in tarpaulin sheets to protect crops from hail, rain, sunlight, and wind, as the country observes a humid subtropical climate with four different seasons.

Leading End Use	Agriculture
Industry Share % (2023)	26.1%

Other factors that are augmenting the adoption of tarpaulin sheets in the agriculture sector include:

• Increasing utilization of tarpaulin sheets to establish temporary storage facilities for livestock, crops, and farm equipment proves extremely convenient, particularly during harvest time.
• The surging popularity of tarpaulin sheets, attributed to their ease of use, relative affordability, durability, and reusability across multiple seasons, is driving their adoption in agriculture.
• The soaring demand for a more efficient and sustainable approach to food production is compelling farmers to turn to tarpaulin sheets in order to achieve these goals.

Hoarding Tarps Secure around 1/3rd of the Overall Sales of Tarpaulin Sheet

Hoarding tarps are expected to occupy a 34.9% share of the tarpaulin sheet industry. Its demand is increasing for the development of temporary enclosures on smaller construction sites.

This demand is driven by the shortage of space caused by rising urbanization. Hoarding tarps are also used to safeguard construction sites from any impairment caused by adverse weather events. As climate change results in more weather conditions like typhoons and hurricanes, the prospects for tarpaulin sheets remain positive.

Leading Product Type	Hoarding Tarps
Industry Share % (2023)	34.9%

Key players are also improving the durability and performance of hoarding tarps for improved functionality, thus boosting its adoption among end users. Another factor that is propelling the use of hoarding tarps is the implementation of strict government regulations related to noise and air pollution. This is because it helps lower noise pollution and stops pollutants like dust from fleeing into the environment.

Top Strategies Deployed by Tarpaulin Sheet Providers

Key providers of tarpaulin sheet in South Korea are focusing on extending their distribution channels by way of partnering with distributors and opening new branches to reach more customers in Korea.

Apart from this, key players are concentrating on delivering outstanding customer service. This includes assisting customers, offering technical support, and providing extensive options for payment and delivery.

Growing concern over sustainability propels key players to use recycled materials in their products and develop new products offering more sustainability quotient. Additionally, key players can be seen investing in building brand image to develop a strong identity and a means to differentiate from the crowd. In tandem with this, providers are turning to eCommerce to increase their reach among target customers.

Profiling of Leading Companies Offering Tarpaulin Sheets in Korea

Leading Companies	Details
Puyoung Industrial Corporation, Ltd.	A South Korean firm that develops and sells tarpaulin sheets and other industrial products. The company manufactures an extensive range of tarpaulin sheets, such as PVC tarpaulin sheets, PE tarpaulin sheets, and canvas tarpaulin sheets. These sheets are in high demand in the agriculture, construction, and manufacturing industries.
C&H Vina Co., Ltd.	It is a division of C&H Group (Korean), which had entered the P.E tarpaulin industry way back in 2004. The company develops a range of tarpaulin sheets to cater to different industries.
SNM KOREA	The firm originated in 1998 and its headquarters is in Seoul, South Korea. The company manufactures tarpaulin sheets as per the specifications of different industries.
DongAh Tarpaulin Co., Ltd.	The company is headquartered in Seoul, South Korea. It develops high-quality tarpaulin sheets at competitive pricing. Along with this, the company maintains strong customer service. Further, the company plans to extend in domestic as well as international markets.

Key Players Offering Tarpaulin Sheet in South Korea

• Puyoung Industrial Corporation, Ltd.
• C&H Vina Co., Ltd.
• SNM KOREA
• DongAh Tarpaulin Co., Ltd.
• Samhwa Tarpaulin Co., Ltd.
• Daesung Tarpaulin Co., Ltd.
• Sungwon Tarpaulin Co., Ltd.
• Ilsung Tarpaulin Co., Ltd.
• Woojin Tarpaulin Co., Ltd.
• Hanil Tarpaulin Co., Ltd.
• Jeil Tarpaulin Co., Ltd.
• Sejong Tarpaulin Co., Ltd.
• Ssangyong Tarpaulin Co., Ltd.
• Namyang Tarpaulin Co., Ltd.
• Shinhan Tarpaulin Co., Ltd.
• Others

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	USD 185.8 million
Projected Industry Size in 2033	USD 277.6 million
Anticipated CAGR between 2023 to 2033	4.1% CAGR
Historical Analysis of Demand for Tarpaulin Sheet in Korea	2018 to 2022
Demand Forecast for Tarpaulin Sheet in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Analysis of Key Factors Influencing Tarpaulin Sheet Adoption in Korea, Insights on Korea Industry Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Cities Profiled	South Gyeongsang, North Jeolla, South Jeolla, Jeju
Key Companies Profiled	Puyoung Industrial Corporation, Ltd.; C&H Vina Co., Ltd.; SNM KOREA; DongAh Tarpaulin Co., Ltd.; Samhwa Tarpaulin Co., Ltd.; Daesung Tarpaulin Co., Ltd.; Sungwon Tarpaulin Co., Ltd.; Ilsung Tarpaulin Co., Ltd.; Woojin Tarpaulin Co., Ltd.; Hanil Tarpaulin Co., Ltd.; Jeil Tarpaulin Co., Ltd.; Sejong Tarpaulin Co., Ltd.; Ssangyong Tarpaulin Co., Ltd.; Namyang Tarpaulin Co., Ltd.; Shinhan Tarpaulin Co., Ltd.; Others

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
• 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Lamination Type
  • 5.1. Upto 2 Layers
  • 5.2. 3 Layers Laminate
  • 5.3. 4 Layers Laminate
  • 5.4. Above 4 Layers
• 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material Type
  • 6.1. Canvas
  • 6.2. PET
  • 6.3. Poly Vinyl Chloride (PVC)
  • 6.4. Polyamide (PA)
  • 6.5. Polyethylene (PE)
• 7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
  • 7.1. Hoarding Tarps
  • 7.2. Insulated Tarps
  • 7.3. Mesh Tarps
  • 7.4. Sports Tarps
  • 7.5. Truck Tarps
  • 7.6. UV Protected Tarps
  • 7.7. Others
• 8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Weight
  • 8.1. Less than 100 GSM
  • 8.2. Between 100 to 300 GSM
  • 8.3. Between 300 to 600 GSM
  • 8.4. Above 600 GSM
• 9. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
  • 9.1. Agriculture
  • 9.2. Automobiles
  • 9.3. Building & Construction
  • 9.4. Consumer Goods
  • 9.5. Storage, Warehousing & Logistics
  • 9.6. Others
• 10. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 10.1. South Gyeongsang
  • 10.2. North Jeolla
  • 10.3. South Jeolla
  • 10.4. Jeju
  • 10.5. Rest of Korea
• 11. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 15. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 16. Market Structure Analysis
• 17. Competition Analysis
  • 17.1. Heesung Polymer
  • 17.2. Dongwon Industry Co., Ltd
  • 17.3. Puyoung Industrial Corporation
  • 17.4. Wonpoong Corporation
  • 17.5. KSA Polymer
  • 17.6. K-Tarp Vina Co., Ltd.
  • 17.7. Fulin Plastic Industry Co., Ltd.
  • 17.8. Rhino United Kingdom
  • 17.9. C&H Vina Co., Ltd.
  • 17.10. Puyoung Industrial Corporation, Ltd
  • 17.11. Bag Poly International Pvt. Ltd
  • 17.12. Qingdao SG Global Packaging Co., Ltd
  • 17.13. Telford Tarpaulins
  • 17.14. Darling Downs Tarpaulins
  • 17.15. Marson Industries Pty Ltd
• 18. Assumptions & Acronyms Used
• 19. Research Methodology