The fishing net and aquaculture cage global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fishing Net And Aquaculture Cage Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fishing net and aquaculture cage market size has grown steadily in recent years. It will grow from $2.59 billion in 2023 to $2.71 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to the increasing cost of raw materials, Increasing demand for seafood products, growing popularity of fishing equipment, increasing production and meeting consumer needs, and growth in marine farming.
The fishing net and aquaculture cage market size is expected to see steady growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to the growing trend of aquaculture expansion, increasing cost of raw materials, growing popularity of fishing equipment, increasing global demand for seafood, and rising consumer awareness of sustainable seafood. Major trends in the forecast period include technological advancements, technological advancements in cage design, technological advancements in aquaculture, technological integration, and technological innovations in aquaculture systems.
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Scope Of Fishing Net And Aquaculture Cage Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fishing Net And Aquaculture Cage Market Overview
Market Drivers –
The rise in popularity of seafood products is expected to propel the growth of fishing net and aquaculture cage market going forward. Seafood products refer to a broad category of food derived from marine life, primarily including fish and shellfish. The rising availability of seafood products is driven by factors such as population and income growth, a shift towards greater seafood consumption, and the expansion of aquaculture. Fishing nets and aquaculture cages provide efficient and sustainable methods for harvesting and cultivating fish, enhancing the quality and availability of seafood products. For instance, in December 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government department, Australians consumed approximately 350,000 tones of seafood in 2021–22, averaging 13.8 kilograms per person. The value of fishery and aquaculture imports also rose by 2% to $2.19 billion, primarily due to an increase in prawn imports. Therefore, the rise in popularity of seafood products is driving the growth of the fishing net and aquaculture cage market.
Market Trends –
Major companies operating in the fishing net and aquaculture cage market are focused on developing long-fiber composites based on nylon to enhance sustainability and reduce ocean plastic waste. Long-fiber composites based on nylon refer to high-strength materials made by reinforcing nylon with long fibers, providing enhanced durability and performance for demanding applications. For instance, in February 2022, Avient Corporation, a US-based manufacturer of specialized polymer materials, launched Complet R, a new line of long fiber-reinforced composites, using post-consumer recycled nylon 6 sourced specifically from end-of-life fishing nets. This initiative tackles ocean-bound plastic waste by offering sustainable material solutions for a range of demanding applications. By incorporating nylon 6 PCR (post-consumer recycled) from discarded fishing nets, the composites help reduce ocean plastic pollution and promote environmental responsibility.
The fishing net and aquaculture cage market 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
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Regional Insights –
Asia-Pacific was the largest region in the fishing net and aquaculture cage market in 2023. 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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Fishing Net And Aquaculture Cage Market Report Structure
3. Fishing Net And Aquaculture Cage Market Trends And Strategies
4. Fishing Net And Aquaculture Cage Market – Macro Economic Scenario
5. Fishing Net And Aquaculture Cage Market Size And Growth
…..
27. Fishing Net And Aquaculture Cage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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