Press release
Agro Textiles Market by Product, Application and Key Players: Beaulieu Technical Textiles, Neo Corp International Limited, Belton Industries, Diatex and B & V Agro Irrigation Co.
Industry Trend AnalysisThe global Agro Textiles Market was worth USD 7.62 billion in 2014 and is expected to reach approximately USD 11.69 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.87% during the forecast period. Rising requirement to increase agriculture efficiency to satisfy daily needs of developing populace has prompted the growth of agrotech market. The agrotech incorporates technical material products that are useful as a part of horticulture, agriculture, animal husbandry, aquaculture, and floriculture. Agrotech have different desirable properties, for example, assurance from pest, bio-degradability, and lightweight, light or hail, protection from microorganisms, and high potential to hold water. High requirement for food crops is observed because of growing population around the world. Nonetheless, depleting arable land in developed countries is one of the biggest hurdles encountered by the global agricultural sectors.
Product Outlook and Trend Analysis
Shading nets portion is anticipated to grow at a significant rate in the upcoming years. Shading nets render security to plants from extraordinary climate conditions, winds and lessens water evaporation. Mulching keeps up soil water retention, soil temperature, and protects the development of weeds.
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Also, it develops the product quicker with more advantageous and higher yield. Mulch mats are useful as a part of dry areas where supporting of yields is critical and are used primarily in vegetable and few natural product edits that were of brief span crops. Fishing nets are agro textiles that are used as a part of fishing industry. India is the main fish producing nation and the interest for fish products are bringing both up in domestic and export markets.
Application outlook and Trend Analysis
Agro textile demand in agriculture application is anticipated to encounter significant development in the upcoming years. Progressions in biotechnology have prompted quick change and development in customary cultivating strategies to a more scientific approach. Farmers worldwide are being prepared to choose the ideal arrangement that can help them in accomplishing practical growth. Aquaculture or aquafarming exercises have been led over the world for as long as a few centuries. Nonetheless, the action has been as of late popularized and the market has extended essentially finished the previous couple of decades. Rising significance of fish for applications other than sustenance, for example, generation of nutraceuticals and dietary supplements, has been one of the essential elements driving aquaculture development.
Regional Outlook and Trend Analysis
The agro textiles market in Asia Pacific is evaluated to witness the speediest development rates regarding both volume and income. Raising interest for food crops and expanding acreages of oilseeds especially in South-East Asia and India is foreseen to enlarge agricultural textile request in the district over the figure period. North America aquaculture generation is foreseen to anticipate a significant development by virtue of expanding cultivating meat for shell fishes and developing household usage of seafoods.
Competitive Insights
The leading players in the market are Beaulieu Technical Textiles, Neo Corp International Limited, Belton Industries, Diatex and B & V Agro Irrigation Co. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Agro Textiles Market is segmented as follows-
By Product:
Shade-nets
Anti-hail nets and bird protection nets
Fishing nets
Mulch-mats
Others
By Application:
Agriculture
Horticulture & Floriculture
Aquaculture
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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