Global Fishing Net And Aquaculture Cage Market to Reach $3.4 Billion by 2029, Growing at 4.7% CAGR

What combination of drivers is leading to accelerated growth in the fishing net and aquaculture cage market?
The increasing preference for seafood products is predicted to fuel the expansion of the fishing net and aquaculture cage market. Seafood products encompass a wide variety of food sourced from marine organisms, mainly comprising fish and shellfish. The burgeoning supply of seafood products can be put down to variables like growth in population and wealth, a drift towards higher seafood intake, and the broadening of aquaculture. Fishing nets and aquaculture cages offer effective and environmentally-friendly solutions for reaping and nurturing fish, amplifying the quality and accessibility of seafood products. For example, in December 2023, as per the Department of Agriculture, Fisheries, and Forestry, an organization run by the Australian government, Australians ate around 350,000 tonnes of seafood in 2021-22, averaging 13.8 kilograms per individual. The worth of fishery and aquaculture imports also climbed by 2% to $2.19 billion, largely owing to a surge in prawn imports. Hence, the escalating appeal of seafood products is propelling the growth of the fishing net and aquaculture cage market.

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What is the projected compound annual growth rate (CAGR) of the fishing net and aquaculture cage market from 2025 to 2034, and what factors influence it?
The market for fishing nets and aquaculture cages has been experiencing robust growth over the years. The market value is set to increase from $2.71 billion in 2024 to $2.84 billion in 2025, marking a compound annual growth rate (CAGR) of 5.0%. The significant growth observed in the historic period is a consequence of several factors such as escalating raw material costs, growth in demand for seafood products, increased popularity of fishing gear, rise in production to satisfy consumer requirements, and the expansion of marine farming.

Predictions suggest a continuous expansion in the market size of fishing net and aquaculture cage in the coming years, hitting a valuation of $3.42 billion in 2029 with a compound annual growth rate (CAGR) of 4.7%. The acceleration during this forecast period is attributed to factors, such as the escalating trend of aquaculture expansion, soaring cost of raw materials, increased demand for fishing gadgets, growing global requirement for seafood, and a surge in consumer consciousness about sustainable seafood. Future trends projected within this period encompass advancements in technology, innovation in cage designs, technological evolution in aquaculture, integration of technology, and breakthroughs in aquaculture systems.

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How are the latest trends influencing the growth of the fishing net and aquaculture cage market?
Leading businesses in the fishing net and aquaculture cage market are working on the creation of long-fiber composites derived from nylon with the aim of bolstering sustainability and minimizing marine plastic refuse. These long-fiber composites made from nylon symbolize robust materials manufactured through the reinforcement of nylon via elongated fibers, delivering superior endurance and efficiency for challenging uses. For example, Avient Corporation, a firm from the US focused on the production of customized polymer substances, rolled out Complet R in February 2022. This is an innovative line of long fiber-reinforced composites manufactured using post-consumer recycled nylon 6, intentionally sourced from fishing nets that have reached the end of their lifespan. This approach addresses the issue of plastic waste heading towards the ocean by presenting ecologically sustainable solutions for various strenuous applications. Through the use of nylon 6 PCR (post-consumer recycled) from abandoned fishing nets, these composites contribute to lessening marine plastic contamination and endorsing care for the environment.

What are the major segments of the fishing net and aquaculture cage market and their role in driving growth?
The fishing net and aquaculture cagemarket covered in this report is segmented -

1) By Product Type: Fishing Nets, Aquaculture Cages
2) By Application: Marine Water, Inland Water
3) By End User: Individual Use, Commercial Use

Subsegments:
1) By Fishing Nets: Gill Nets, Trawl Nets, Seine Nets, Cast Nets, Trap Nets, Drift Nets, Beach Seines
2) By Aquaculture Cages: Floating Cages, Submersible Cages, Fixed Cages, Soft Cages, Hard Cages, Fish Farming Pens

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Which regions are key players in the growth of the fishing net and aquaculture cage market?
Asia-Pacific was the largest region in the fishing net and aquaculture cage market in 2024. The regions covered in the fishing net and aquaculture cage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the fishing net and aquaculture cage market?
Major companies operating in the fishing net and aquaculture cage market are Maccaferri, Garware Technical Fibers Ltd., Nitto Seimo Co. Ltd., King Chou Marine Technology Co. Ltd., Tufropes Pvt Ltd., Miller Net Company, Badinotti Group, Vónin, DanFish International, MøreNot AS, Memphis Net And Twine, Fibras Industriales S.A, Jaya Nets Sdn. Bhd., Hunan Xinhai, Siang May Pte Ltd., Sagar Aquaculture Private Limited., Aviary Netting Inc., Aqualine AS, Khon Kaen Fishing Net Factory Co. Ltd., Ching Fa Co. Ltd.

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What Is Covered In The Fishing Net And Aquaculture Cage Global Market Report?

•Market Size Forecast: Examine the fishing net and aquaculture cage market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the fishing net and aquaculture cage market for a structured understanding.
•Key Players Overview: Analyze major players in the fishing net and aquaculture cage market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fishing net and aquaculture cage market.
•Segment Contributions: Evaluate how different segments drive overall growth in the fishing net and aquaculture cage market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fishing net and aquaculture cage market.
•Industry Challenges: Identify potential risks and obstacles affecting the fishing net and aquaculture cage market.
•Competitive Landscape: Review strategic developments in the fishing net and aquaculture cage market, including expansions, agreements, and new product launches.

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