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The Rise Of Seafood Products Fuels Growth In Fishing Nets And Aquaculture Cages: Key Factor Driving The Growth In The Fishing Net And Aquaculture Cage Market
Fishing Net And Aquaculture Cage
What Is the Expected Fishing Net And Aquaculture Cage Market Size During the Forecast Period?
The fishing net and aquaculture cage market size has grown from $2.71 billion in 2024 to $2.84 billion in 2025, with a CAGR of 5.0%. The growth in the historic period can be attributed to the increasing cost of raw materials, rising demand for seafood products, growing popularity of fishing equipment, increasing production, and growth in marine farming.
The fishing net and aquaculture cage market size is expected to reach $3.42 billion in 2029, growing at a CAGR of 4.7%. Growth is attributed to aquaculture expansion, rising raw material costs, growing fishing equipment demand, increased global seafood demand, and sustainable seafood awareness. Trends include advancements in cage design, aquaculture technology, technological integration, and aquaculture system innovations.
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What Are the High-Growth Segments in the Fishing Net And Aquaculture Cage Market?
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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What Key Drivers Are Expected to Influence Future Fishing Net And Aquaculture Cage Market Growth?
The increased popularity of seafood is fueling growth in the fishing net and aquaculture cage market. Factors such as higher incomes, population growth, and a dietary shift toward seafood are pushing this trend. Equipment like fishing nets and aquaculture cages help sustainably raise and harvest seafood. For example, in December 2023, Australia's Department of Agriculture, Fisheries, and Forestry noted that seafood consumption in 2021-22 reached around 350,000 tons, with imports valued at $2.19 billion. Thus, seafood demand is advancing the fishing net and aquaculture cage market.
Which Companies Hold the Largest Share Across Different Fishing Net And Aquaculture Cage Market Segments?
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.
What Fishing Net And Aquaculture Cage Market Trends Are Gaining Traction Across Different Segments?
Companies in the fishing net and aquaculture cage market are developing long-fiber composites based on nylon to improve sustainability and reduce ocean plastic waste. These composites are made from recycled nylon, reinforcing it with long fibers to increase durability. In February 2022, Avient Corporation launched Complet R, a line of long fiber-reinforced composites made from post-consumer recycled nylon sourced from discarded fishing nets, helping reduce ocean plastic pollution.
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What Are the Emerging Geographies for The Fishing Net And Aquaculture Cage Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fishing Net And Aquaculture Cage Market?
2. What is the CAGR expected in the Fishing Net And Aquaculture Cage Market?
3. What Are the Key Innovations Transforming the Fishing Net And Aquaculture Cage Industry?
4. Which Region Is Leading the Fishing Net And Aquaculture Cage Market?
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