Agro Textiles Market Size Is Estimated to Reach $13.04 Billion by 2028 With CAGR of 4.7% | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, rising product demand in the agriculture sector for better crop quality & increased productivity and technological advancements are expected to drive the market.

The global agro textiles market size is expected to reach USD 13.04 billion by 2028 registering a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Commercialization of bio-based agricultural films coupled with rising global farming standards and technological advancements are expected to drive the market over the forecast period. Increasing demand for organic products due to changing consumer lifestyles and the increased significance of agro textile in various applications is projected to drive the market.

Moreover, the high demand for food supply due to the growing population exerts pressure on crop production resulting in the rising need for high-quality products. Thus, technological advancements and significant R&D investments for the development of novel products and applications offer ample growth opportunities to the market.

However, fluctuations in the raw material prices, higher production costs, and a high degree of complexity in the manufacturing processes are expected to hinder the market growth. The industry is highly fragmented and competitive with several multinational companies controlling a significant market share. The overall market had witnessed a large backdrop due to the Covid-19 pandemic and its associated effects are projected to restrain the market growth to some extent.

 

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Agro Textiles Market Report Highlights

The fishing nets product segment is expected to witness the fastest CAGR from 2021 to 2028 on account of rising demand for these nets as a result of significant use of fish and associated products in the food, skincare, and other industries
Aquaculture was the dominant application segment in 2020 and is expected to reach USD 7.89 billion by 2028 owing to the rise in aquafarming activities
Asia Pacific is estimated to witness the fastest CAGR, in terms of revenue, from 2021 to 2028
This growth can be credited to the surge in demand for high-quality agriculture products and increasing awareness & adoption of advanced materials and tools in the agriculture sector
The market in China is estimated to witness significant growth over the forecast period on account of advancements in the sector, which boost product demand
The prominent manufacturers emphasize the advancement and innovation through extensive R&D. Key players have achieved integration among the value chain to strengthen their market positions

 

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Agro Textiles Market Segmentation

Grand View Research has segmented the global agro textiles market on the basis of product, application, and region:

Agro Textiles Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)

Shade-nets
Mulch-mats
Anti-hail Nets and Bird Protection Nets
Fishing Nets
Others

 

Agro Textiles Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)

Agriculture
Horticulture & Floriculture
Aquaculture
Others

 

Agro Textiles Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
Indonesia
Central & South America
Middle East & Africa

 

List of Key Players of Agro Textiles Market

Beaulieu Technical Textiles
Belton Industries, Inc.
Meyabond Industry & Trading (Beijing) Co. Ltd.
Capatex Ltd.
Neo Corp International Ltd.
Diatex
Hy-Tex (U.K.) Ltd.
Zhongshan Hongjun Nonwovens Co. Ltd.
SRF Ltd.
Tama Plastic Industry
Hebei Aining Import and Export Co. Ltd.
B&V Agro Irrigation Co.

 

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Browse More Related Report:

Nylon Monofilament Market Size, Share & Trends Analysis Report By Product (Nylon 6, Nylon 66), By Application (Fishing Net, Medical, Automotive, Consumer Goods), By Region, And Segment Forecasts, 2015 – 2020

 

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Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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