Agriculture Nets Market Expected to Reach CAGR of 5% by the end of 2030

The worldwide agriculture net market will exceed US$1.0 Bn in 2020 and is expected to grow at a CAGR of 5% between 2020 and 2030. There has been a remarkable movement toward increasing crop yield in order to reduce reliance on imports, which has increased demand for farm nets. These nets are widely used in both commercial and sustainable farming, acting as a support system to guarantee optimum crop growth.

Attacks by locusts, unpredictable weather patterns marked by strong hail and rain, heat, and UV light penetration have greatly increased demand for agricultural nets in recent years. These nets, which come in different grades, limit the passage of heat and UV rays, maintaining the greenhouse's temperature at an ideal level for plant growth.

Due to urban inhabitants' serious interest in gardening as a lucrative hobby, the global agriculture market is likewise booming. Agriculture nets or shade nets are in high demand due to a trend toward creating urban jungles and sustainable living with kitchen gardens.

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The most imminent reason for burgeoning sales of agriculture nets is that it ensures reduced UV penetration, thus keeping the yield away from overexposure and damage. Today, vendors are also investing in designing agriculture nets that enhance photosynthesis, thus helping the end users create a healthy ecosystem for the plants.

Key Takeaway from Agriculture Net Market Study

Plastic to emerge as the leading material used in the production of agriculture nets during the forecast period
Farming to remain principal activity that uses agriculture net, occupying a dominant share in the global market
Rise of construction activities to raise demand for agriculture net for effecting coverings to prevent exposing unfinished buildings to excessive moisture
South Asia to see stiff competition in the agriculture net market due to influx of local players and presence of established ones
Community-driven Initiatives for Vermicomposting Creates New Growth Avenue

Growing number of urban communities are showing an inclination towards vermicomposting, which is a delicate task has led to a steady rise in the demand for agriculture nets. These nets act as perfect dividers for making pits and can be used as canopies to create shade.

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The delicate balance of light and shade that needs to be maintained for correct moisture levels in building healthy vermi compost pits is projected to drive market growth. Growing number of kitchen gardens and increasing demand for better waste management have introduced vermi compost as an effective solution. Analysts project that as these trends continue, they will continue to raise the usage of agriculture nets in the coming years.

Impact of COVID-19 on Global Agriculture Nets Market

The COVID-19 pandemic has had a moderate impact on the global agriculture net market. While the demand for these nets plummeted in the construction industry, it was offset by the demand in the agriculture sector. The lockdowns and disrupted supply chains indicated that self-reliance with agriculture will be of paramount importance to avoid dependency on other nations for imports.

COVID-19, which led to severe lockdowns, also fuelled many to work on hobbies, creating a demand for shade nets for gardening. The sudden rise in number of enthusiasts building terrace gardens are expected to favour market growth in the coming years. Furthermore, as the pandemic situation normalizes, farmers will invest in agriculture nets to boost production.

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Key Segment

Type

Shading Nets
Anti-hail
Anti-insects
Windbreak
Others
Form

Woven
Non-woven Form
Application

Farming Area
Animal Husbandry
Horticulture and Floriculture
Aquaculture
Others
End Use

Industrial Agriculture
Sustainable Agriculture
Price Range

Economic
Mid-range
Premium
Material Type

Metal
Plastic
Rubber
Others
Sales Channel

Hypermarkets/Supermarkets
Specialty Stores
Departmental Stores
Independent Stores
Hardware Stores
Farm Equipment Stores
Other Sales Channel
Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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This release was published on openPR.