The global agro textile market accounted for about USD 9.8 Billion in 2019. Growing demand for fishing nets and anti-hail nets are anticipated to remain some of the major drivers for the global agro textile market in the near future. Demand for organic food products is increasing due to awareness associated with fitness and wellness among people. Besides, there is an increasing use of agro textiles in floriculture, culmination and vegetable farming applications. Rising awareness and training related to organic farming in farmers through various schemes and workshops organized by authorities and non-government groups is fueling the demand for agro textile market further. Favourable government regulations are also projected to impact this sector. For instance, the Indian government’s aggressive merchandising for shade nets through NHB and NHM is also predicted to increase the development in this market.
Leading Players– Beaulieu technical textile, Belton Industries Ltd., Bv Agro Irrigation Co., Capatex Ltd., Diatex, Hebel Aining Import and Export, Hy-Tex Limites, Meyabond Industry Trading Co Ltd., Neo Corp International Ltd. and SRF Ltd.
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Future key finding of the report
- The global agro textiles demand valued at about USD 9.8 Billion in 2019 and is anticipated to reach to about USD 14.5 Billion in 2027. Agrotech possess various benefits such as protection from pest, mild or hail, lightweight, biodegradability, resistance to microorganisms, and high capacity to maintain water.
- The demand for the woven type valued at USD 3.0 Billion in 2019 and it is projected to witness moderate growth during the forecast period. This type is mainly used for the constructions that are employed for wind and hail protection.
- Aquaculture is projected to be the fastest application growing at a CAGR of 5.2% in terms of revenue from 2019 to 2027. Rising importance of fish for applications aside from meals, inclusive of manufacturing of nutraceuticals and nutritional supplements, has been considered one of the number one element for the growth of this sector.
- The demand for aggrotech merchandise for animal husbandry inside the Middle East & Africa valued about 4.0 kilo tons in 2017 and is expected to grow at a CAGR of 2.4% over the upcoming years.
Key Factors Driving the Global Materials & Chemicals Market Growth
The global materials & chemicals market revenue is primarily attributed to factors such as growth are fast-paced industrialization globally, rising demand for raw materials and chemicals in the buildings & construction, food & beverage, pharmaceutical, agriculture, textile, and pulp & paper industries, and increasing demand for essential consumer goods including packaged foods & beverages, household hygiene products, and personal care products & cosmetics. Increasing industrial applications of specialty chemicals, surge in demand for high-performance, organic agrochemicals, growing environmental awareness among consumers, growing need for eco-friendly and sustainable raw materials & chemicals, and increasing government investments in the materials & chemicals industry are other factors driving revenue growth of this market.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Type Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Woven
- Nonwoven
- Knitting
- Others
Product Industry Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Fishing nets
- Anti-hail nets
- Bird protection nets
- Mulch-mats
- Shade nets
- Others
Application Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Agriculture
- Aquaculture
- Floriculture
- Horticulture
- Husbandry
Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Agro Textile market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Agro Textile market over the forecast years?
- Which are the leading players in the global Agro Textile market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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