Agro Textiles Market Size, Share & Trends Report

Agro Textiles Market Size, Share & Trends Analysis Report By Product (Shade-nets, Mulch-mats, Fishing Nets), By Application (Agriculture, Aquaculture, Horticulture & Floriculture), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Feb, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-2-68038-272-3
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 110

Report Overview

The global agro textiles market size was valued at USD 9.05 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. Rising product demand in the agriculture sector for better crop quality & increased productivity and technological advancements are expected to drive the market over the forecast period. An increase in product usage in various sectors, including aquaculture and horticulture, is expected to have a positive impact on the market growth. Favorable government policies promoting sustainable practices in the agriculture and associated sectors, especially in developing regions like India and Indonesia, are also projected to augment the market growth.

China agro textile market size, by product, 2017 - 2028 (USD Billion)

The market in China is expected to exhibit significant growth due to the growing population resulting in higher agricultural productivity dependency. China is projected to lead the Asia Pacific regional market on account of its demographics, favorable economy, and rising demand for advanced textile from the country’s agriculture sector.

Agricultural textiles aid in improving crop quality and help in increasing overall productivity. Thus, the necessity to increase agricultural productivity to meet the growing demand for food has led to higher product demand in China. However, the market witnessed severe setbacks due to the Covid-19 pandemic.

The market faces numerous challenges coping with the complexity of manufacturing processes, higher production costs, and fluctuating prices of raw materials, such as nylon, polyester, and wool. Technological developments and R&D investments for developing novel technologies are expected to offer ample scope for market growth over the forecasted period.

The global market witnessed a severe decline during the pandemic. The temporary closure of various industries and lockdowns across the world, disruption in the supply chain management, and overall imbalance in the demand-supply scenario are projected to have significant repercussions on the market in near future.

Product Insights

Fishing nets led the global agro textiles market and accounted for a revenue share of more than 56.0% in 2020. The segment will expand further at the fastest CAGR from 2021 to 2028 due to the high demand for these nets as a result of the increasing demand for fish and other seafood across the globe. As per The State of World Fisheries and Aquaculture 2020, in 2017, fish consumption accounted for around 17% of the global populations’ animal protein intake and 7% of all the proteins consumed.

Moreover, developing regions like India, Indonesia, and others witness significant dependence on the fishing industry and associated sectors. In addition, the prominent use of fish and its by-products in various application industries, such as skin-care and medical products, is projected to favor segment growth. The shade-nets segment is estimated to register a significant CAGR of 4.8%, as these nets are used for shading and fencing purposes.

A rising number of building and construction activities also contribute significantly to the demand for shade-nets as they are widely used for safety and protection. Other products include mulch-mats, anti-hail nets, and bird protection nets. Technological advancements favor the significant growth of products and create new opportunities for the manufacturers. Increasing awareness about crop protection post-production through agro textile products is expected to fuel the market growth over the forecast years.

Application Insights

Aquaculture was the dominant application segment in 2020 and accounted for more than 59.0% of the global revenue share. The segment is expected to register the fastest CAGR from 2021 to 2028 owing to the rise in aquafarming activities due to the extensive use of fish and its by-products in nutritional supplements, oils, and skincare and beauty products. Moreover, due to the commercialization of aquafarming, the segment has expanded significantly over the past few decades. Technological advancements and supportive government policies, such as NOAA and the U.S. Department of Commerce’s national aquaculture policies, have played an essential role in augmenting the segment growth.

Global agro textiles market share, by application, 2020 (%)

Other applications include agriculture, and horticulture & floriculture. Shifting consumer needs, improvement in the economic situation, technological developments in the market, and awareness among the farmers regarding crop protection are some of the crucial factors propelling the growth of the agriculture segment. In addition, favorable government policies and standards, such as EU CAP, and associations, such as the Sustainable Agriculture Network (SAN), provide expertise to farmers across the globe to set standards and achieve new heights in the field of agricultural development. Which, in turn, supports the segment growth.

Regional Insights

Asia Pacific dominated the market and accounted for a revenue share of over 53.0% in 2020. It is also estimated to be the fastest-growing regional market from 2021 to 2028 owing to China and India’s significant reliance on agriculture and associated sectors. Moreover, increased food demand as a result of the growing population will drive the market in the region.

The decrease in arable land was especially evident in Europe and Asia Pacific. Thus, with decreasing agricultural land, there is a need to increase agricultural productivity to meet the growing demand for food production. This, in turn, augments the demand for various agro textile products as they help in cultivating high-quality crops and increase the crop output per hectare.

The market in North America was estimated to be USD 1.8 billion in 2020 and is expected to grow at a significant rate over the forecast period, which can be attributed to a rise in product demand for high-quality agro products. A positive outlook for agriculture and aquaculture is projected to uplift the regional market over the forecast period.

Growing awareness about nutritional diet in Europe is expected to promote the demand for dietary supplements, which is likely to increase fish consumption. This will boost the product demand, thereby supporting regional market growth. The Middle East and Africa and Central & South America are regions expected to witness considerable CAGRs over the forecast period.

Key Companies & Market Share Insights

The market has witnessed an increasing trend of organic and inorganic growth through production expansion, new product launches, and innovation. The market is competitive due to the significant presence of national and multinational companies. Key players have achieved full integration across the value chain to strengthen their market position. Several manufacturers are involved in the direct supply of agricultural textiles and their captive consumption for various applications. There is a high degree of backward integration from manufacturers to raw material suppliers. Some prominent players in the global agro textiles market include:

  • Beaulieu Technical Textiles

  • Belton Industries, Inc.

  • Meyabond Industry & Trading (Beijing) Co. Ltd.

  • Capatex Ltd.

  • Neo Corp International Ltd.

  • Diatex

  • Hy-Tex (U.K.) Ltd.

  • Zhongshan Hongjun Nonwovens Co. Ltd.

  • SRF Ltd.

  • Tama Plastic Industry

  • Hebei Aining Import and Export Co. Ltd.

  • B&V Agro Irrigation Co.

Agro Textiles Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 9.37 billion

Market volume in 2021

1604.5 kilotons

Revenue forecast in 2028

USD 13.04 billion

Volume forecast in 2028

2165.3 kilotons

Growth Rate

CAGR of 4.7% from 2021 to 2028 (Revenue-based)

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2020 to 2028

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; France; Italy; Spain; China; India; Japan; Indonesia

Key companies profiled

Beaulieu Technical Textiles; Belton Industries, Inc.; Meyabond Industry & Trading (Beijing) Co. Ltd.; Capatex Ltd.; Neo Corp International Ltd.; Diatex; Hy-Tex (U.K.) Ltd.; Zhongshan Hongjun Nonwovens Co. Ltd.; SRF Ltd.; Tama Plastic Industry; Hebei Aining Import and Export Co. Ltd.; B&V Agro Irrigation Co.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global agro textiles market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Shade-nets

    • Mulch-mats

    • Anti-hail Nets and Bird Protection Nets

    • Fishing Nets

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Agriculture

    • Horticulture & Floriculture

    • Aquaculture

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Indonesia

    • Central & South America

    • Middle East & Africa

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