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Global Agricultural Textiles Market Comprehensive Study: Forecasted Market Size And Growth Rate
Agricultural Textiles Market
The Business Research Company offers in-depth market insights through Agricultural Textiles Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The agricultural textiles market size has grown strongly in recent years. It will grow from $11.89 billion in 2023 to $12.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rise in global population, climate change, government subsidies, growth in agricultural sector, economic growth.
The agricultural textiles market size is expected to see strong growth in the next few years. It will grow to $17.8 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to expanding agricultural greenhouse and tunnel farming practices, growing demand for organic farming and specialty crops, adoption of precision agriculture techniques, growth in urban agriculture . Major trends in the forecast period include climate-resilient textiles, sustainable and eco-friendly materials, adoption of iot (internet of things) and ai technologies for monitoring, nanotechnology advancements, collaboration for innovation.
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Market Segmentation:
The main types of agricultural textiles market products are fishing nets, anti-hail nets, bird protection nets, mulch mats, shade nets, and other products. Fishing nets are used to catch fish. Fishing nets refer to the meshes that are created by knotting a relatively thin thread. The types are weaving and woven, and nonwoven. The various fiber materials used are nylon, polyethylene, polypropylene, polyester, natural fibers, biodegradable synthetic fibers, and other fiber materials. The applications are agriculture, horticulture and floriculture, aquaculture, other applications.
Major Driver - Rise In Demand For Agricultural Products Drive The Agricultural Textiles Market
The rise in demand for agricultural products is expected to propel the growth of the agricultural textiles market going forward. Agricultural products refer to any agricultural commodity or product, whether raw or processed, that includes any commodity or product that is derived from livestock. Agricultural textiles are used to protect agricultural products from birds and insects, and they also help give shade to plants, which helps to increase their yield. For instance, according to the food and agriculture organization of the US, in June 2022, increased wheat demand in Africa is anticipated to lift the continent's wheat purchases to 54.0 million tons in 2022-23, which increased by 2.6 million tons (5%) from 2021 to 22. However, globally, the demand for rice increased significantly in 2022, by 3%, with volumes exchanged across the world forecast at 53.1 million tons. Furthermore, according to Harvard Business Review, a management magazine published by Harvard Business Publishing Food demand is expected to increase anywhere from 59% to 98% by 2050. Therefore, the rise in demand for agricultural products is driving the growth of the agricultural textiles market.
Competitive Landscape:
Major companies operating in the agricultural textiles market include Beaulieu Technical Textiles, Belton Industries, Meyabond, Capatex, Neo Corp International, Garware Technical Fibres, HUESKER Synthetic, Maccaferri, Koninklijke Ten Cate, DuPont de Nemours Inc., Leggett & Platt, Shandong Jinrui Textile Co. Ltd., Lianfa, Shandong Laizhou Zhongshi Plastic Products Co. Ltd., SRAM & MRAM Group, Qingdao SG Global Packaging Co. Ltd., Lumaglass Fiber Fabrics Co. Ltd., Xinyi Plastic Industrial (Shanghai) Co. Ltd., Shandong Rainbow Shading Technology Co. Ltd., Duromed S.R.L., Polysack Plastic Industries, Windmill Polytex, Tama Plastic Industry, Alnet Sp. z o.o., Tuflex India, Bonar Technical Fabrics, UPM-Kymmene Corporation, Visaka Industries Limited, Zig Zag
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Top Trend - New Technological Innovation In Agricultural Textiles
New technological innovations are the key trend gaining popularity in agricultural textiles market. Major companies operating in the market are introducing new technologies such as Agrolys flame-retardant (FR) groundcover, a new variety of woven halogen-free groundcover. For instance, Beaulieu Technical Textiles, a Belgium-based manufacturer of woven polypropylene fabrics, introduced the Agrolys flame-retardant (FR) groundcover. The unique product is a woven halogen-free ground cover that is compliant with the Class 1 NTA 8825 norm for fire safety. The product is for use in greenhouses where a white ground cover is highly light-reflective. As a result, they stimulate the growth or coloration of fruit, vegetables, herbs, flowers, and plants. The increased diffuse light coming from the ground boosts crop productivity and quality. Agrolys is fully safe for humans because it contains no halogens, and its flame-retardant qualities significantly reduce the spread of fire and smoke in an emergency. This product further satisfies both the NFPA 701 National Fire Protection Standards and the ENT13501-1 Class B S1 smoke containment standards.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agricultural Textiles Market Characteristics
3. Agricultural Textiles Market Trends And Strategies
4. Agricultural Textiles Market - Macro Economic Scenario
5. Agricultural Textiles Market Size And Growth
…..
27. Agricultural Textiles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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