Fishing Net Fibers Market to Cross US$ 5.0 Bn Revenues Between 2021 and 2026

Fishing Net Fibers Market 2022

The global fishing net fibers market was valued at nearly US$ 4.0 Bn in terms of value at the end of 2021, and is anticipated to reach more than US$ 5.0 Bn by the end of the forecast period 2026, at a CAGR of around 3.0%. The market is mainly driven by the increasing demand for fishing nets from the commercial sector. The market is further expected to be propelled by the increasing awareness about the benefits of using fishing nets made of fiberglass over traditional nets made of nylon and other materials.

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Persistence Market Research provides crucial perceptions linking the global fishing net fibers market, and delivers widespread information of fishing net fibers through systematized market research. The report titled, 'Fishing Net Fibers Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026', analyzes the market, and forecasts the future market scenario of fishing net fibers on the basis of material and region.

Fishing net fibers are one of the most important and versatile materials used in the manufacture of Fishing nets. Fishing net fibers are also used in a wide variety of other applications, including textiles, ropes, and cordage. 

Company Profiles- 

• Koninklijke DSM N.V.
• Formosa Plastics Corporation
• BASF SE
• Toray Industries,Inc.
• Indorama Ventures Public Company Limited
• AdvanSix Inc.
• Perlon-Monofil GmbH
• Ashley Polymers Inc.

Advanced Product Offerings to Create an Optimistic Scenario for Market Growth

An extensive range of fishing gear and practices, ranging from small-scale to large-scale industrial systems, are used for the catching of fish. Over the years, traditional fishing gear has been improved and has become more efficient, which has resulted in the surging demand for fishing net fibers. Furthermore, manufacturers have positively responded to the needs of fishermen by developing specific fishing gear suitable for certain species of fish, which also fuels the demand for fishing net fibers. In addition, environmental and ground conditions also create a constructive impact on the market of fishing net fibers.

In the recent past, the manufacturing of fishing gear was aimed at increasing production by enhancing the efficiency of the fishing gear, coupled with the huge demand of fishing net fibers due to increasing demand from fishing industries. However, due to the current scenario of overfishing, increasing awareness about environmental issues, and the ecological impact of fishing, manufacturers are emphasizing on the development of responsible fishing gear systems with improved size-selective and species-selective properties, which also indirectly influence the market of fishing net fibers.

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The Fishing net fiber market has been segmented on the basis of type, application, and region.

On the basis of type,

the Fishing net fiber market has been segmented into monofilament and multifilament. Monofilament Fishing net fibers account for a major share of the Fishing net fiber market. They are mainly used in large-scale commercial Fishing operations owing to their superior strength and durability as compared to multifilament Fishing net fibers. Multifilament Fishing net fibers are mainly used for small-scale fishing owing to their low strength and high price as compared to monofilament Fishing net fibers.

On the basis of application,

the Fishing Net Fiber market has been segmented into commercial fishing and recreational fishing. Commercial fishing is further subsegmented into trawling & seining, longline fishing, gillnetting, pot & trap fishing, dredging & bottom trawling), while recreational fishing is subsegmented into angling & baitcasting)

On the basis of region,

There are several factors driving the growth of the fishing net fibers market. One of the most important is the increasing demand for seafood around the world. As more people become aware of the health benefits of seafood, they are increasingly turning to it as a source of protein. This has led to increased demand for seafood products, which in turn has led to increased demand for Fishing Net Fibers Market by region .

Another factor contributing to the growth of this market is technological advances in Fishing Net Fibers Market by region . Fishing net manufacturers are constantly innovating new ways to produce better and stronger nets, which requires higher-quality Fishing Net Fibers Market by region . As a result, Fishing Net Fiber manufacturers are investing in research and development to improve their products and stay ahead of their competitors.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 

• Fishing Net Fibers Market Manufacturers
• Fishing Net Fibers Market Distributors/Traders/Wholesalers
• Fishing Net Fibers Market Subcomponent Manufacturers
• Industry Association
• Downstream Vendors

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