Growing demands for organically sourced products backed by tremendous alterations in consumer lifestyles have skyrocketed demands for agro textiles across applications.
Covid 19 analysis
In the last couple o years, the food processing and hospitality sectors have been bearing tremendous negative growth curves owing to prolonged lockdowns and disruptions in the supply chain. Therefore, the agro textile industry is also witnessing challenging trends as end-user applications have taken back seats. However, the situation is improving steadily with all the recent innovations and developments among the key players in the agro textile market.
Fishing Nets Segment to be the Most Lucrative through the Forecast Era
Based on product type, the fishing nets segment has the largest market growth during the forecast period. The increasing demand for fish drives the growth for the fishing industry. These products can be used for various purposes such as, for food, extraction of oil and producing skin and beauty care products. And also, the shade nets are estimated to show a dominant position in the market due to the increasing demand for crop production and agriculture business.
Aquaculture to Emerge as the Largest Growing Segment
In the last decades, the consumption of seafood and aqua plants has grown extensively. This is likely to further improve segment expansion for the aquaculture based application segment. These factors are helping the global expansion of the segment. Aqua plants such as seaweeds are widely used across the globe for their nutritional and vitamin contents in it. Even though there has been a break in the market growth due to Covid outbreak, the market is recovering faster than expected.
Asia Pacific Region to Grow Significantly in the Coming Years
Owing to developments in countries such as China which is also the largest consumer of agro textile due to the demand for seafood and natural agro products, APAC is likely to emerge as the fastest-growing regional hub for the global agro textile market. The usage of nets, storage bags and field covers have boosted the market and is expected to show the largest CAGR rate in the market.
Technological developments are claiming extensive player attention to offer improved and superlative agro textile options, thus fostering growth in the global Agro Textile Market
Agro textile is the textile material used in the agriculture fields, the growing population deters crop production. This led to the usage of manmade artificial fibre products in agriculture fields. The artificial fibres are used more compared to natural fibres as they have favourable prices, ease of transportation and storage and improved productivity.
Agro textiles are witnessing massive adoption in developing harvesting fabrics and nets, crop protective covers, and the like. Advances in diverse end-use applications are likely to leverage new growth opportunities for the global agro textile market in the forecast era.
Agro textile plays a key role in protecting the crops from various environmental conditions such as climate change, weathering, and also provide growth conducive environment for plant growth.
Therefore, in the greenhouse-based plat culture, agro textiles are gaining rampant adoption, more specifically across agri-based economies. These ongoing developments are allowing large scale growth in the global agro textile market. The agro textile fabrics include numerous properties such as tensile strength, high resistance of abrasion, microorganisms and protection from solar radiation and they are biodegradable in nature. As global awareness on environmental protection picks momentum, reliance on biodegradable alternatives holds promise, thus allowing the global agro textile market to grow exponentially.
The global agro textile market has registered substantial growth in the past decades and is further expected to show promising growth to reach over USD 13,464.39 million by 2028, at a CAGR of 6.8% during the forecast period 2018-2028.
Agro textiles are gaining prominent usage across industries such as horticulture and animal husbandry besides agriculture and farming. Owing to their excellent performance, agro textiles are used to control and protect environmental conditions and resist detrimental effects on crop production and yields.
The growing advancement in technology and innovation in crop production is also being the reason for market growth. The agro textile materials are used for irrigating the landscape, crop covers in fields and in the greenhouse. The hydrating tubes used in the fields are designed to be significantly used to water plants, which are buried under the layer of soil for non-stop supply of water. The shade nets are used with pigments to protect from climatic conditions.
Furthermore, the changing lifestyle and preference of the consumer are fuelling the market growth for organic and natural foods. These demands have increased the usage of agro textile for crop yielding and high-quality food. The growing urbanization and climatic conditions have affected the crop growth, which insisted the farmers use and adopt the agro textile technique to improve the plant growth yield aligning with consumer needs.
Moreover, the governments also have taken initiatives towards the demand for crop production, by focusing on increasing agriculture productivity by improving and encouraging a better integration and supply chain for sustainable food balance.
The factor which affects the growth of the agro textile market is fluctuations in raw material prices. The raw materials include polymer for making nets, and covers, the prices of these raw materials depends upon the trading performance in the stock exchange. The higher prices may lead to an increase in manufacturing cost which will significantly increase the product price.
This report offers detailed information and quality insight into market intelligence. This report is structured in a way that it offers maximum business value and information and provides critical market dynamics and will enable the process of decision making for the current market players and those who are willing to enter the market. This report studies the forecast period of 10 years.
Proceeding ahead, this report contains information regarding the major key players, the competitive areas and strategies used by the leading companies in the market of agro textile and the growth trends in the forthcoming years are discussed. In addition to it, the impact of COVID—19 is discussed with the industry’s initial response and tactics used by the companies to overcome the impact.
Some prominent players in the global agro textiles market include: 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 and among others.
Hebei Aining Import and Export Co. Ltd., B&V Agro Irrigation Co.
Latest innovations: Global Agro Textile Market
- Diatex on January 2020, announced the company representation for plant and field protection products.
Agro Textiles Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 13,464.39 million|
|Growth Rate||CAGR of6.8% during 2021-2028|
|Segment Covered||Product Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, The Middle East and South Africa|
|Key Players Profiled||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 and among others.
Hebei Aining Import and Export Co. Ltd., B&V Agro Irrigation Co.
Key Segments of the Global Agro Textile Market
Product Type Overview, 2018-2028 (USD Million)
- Shade Nets
- Mulch Nets,
- Fishing Nets
- Anti-Hail & Bird Protection
Application Overview, 2018-2028 (USD Million)
- Horticulture & Floriculture
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa