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Agricultural Textiles Market Growth
Knitted segment held the largest share in 2021 and is projected to dominate the market in terms of revenue through 2031, with a CAGR of 5.1%.
Increased demand from the agriculture industry and rising demand for eco-friendly and organic products are likely to drive the growth of the agricultural textiles market.” - David Correa
WILMINGTON, DELAWARE, UNITED STATES, March 25, 2024 /EINPresswire / -- The global agricultural textiles market , as per a report by Allied Market Research, reached an estimated value of $11.8 billion in 2021 and is anticipated to reach $18.8 billion by 2031, with a projected Compound Annual Growth Rate (CAGR) of 4.9% from 2022 to 2031. The report offers an in-depth analysis of various aspects such as investment opportunities, winning strategies, drivers, market size, competitive landscape, and emerging trends, making it a valuable resource for industry leaders, newcomers, investors, and stakeholders for strategic decision-making.
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Key Highlights:
- Forecast Period: 2022–2031
- Base Year: 2021
- Market Size in 2021: $11.8 Billion
- Market Size in 2031: $18.8 Billion
- CAGR: 4.9%
- Number of Pages in Report: 472
- Segments Covered: Type, Material, Product Type, Application, and Region
Drivers:
- Increased demand from the agriculture industry.
- Rising demand for eco-friendly and organic products.
Opportunities:
- Technological advancement.
Restraints:
- Fluctuating prices of raw materials.
Covid-19 Scenario:
- The pandemic disrupted plant management, logistics, and global supply chains.
- Shortages in agricultural products due to travel restrictions and labor shortages.
- Favorable government policies post-pandemic promoting sustainable agriculture practices led to increased demand for products.
Segment Analysis:
- Type: Knitted segment held the largest share in 2021 and is projected to dominate the market in terms of revenue through 2031, with a CAGR of 5.1%.
- Material: Polyethylene segment contributed to over one-third of the market revenue in 2021 and is expected to maintain dominance through 2031, with a CAGR of 5.2%.
- Product Type: Fishing nets segment accounted for the highest share in 2021, while the shade nets segment is expected to exhibit the fastest CAGR of 5.4% during the forecast period.
- Application: Aquaculture segment held the largest share in 2021, with agriculture segment expected to display the highest CAGR of 5.2%.
- Region: Asia-Pacific held the major share in 2021 and is anticipated to maintain dominance with the fastest CAGR of 5.1% through 2031.
Leading Players:
Key players in the global agricultural textiles market include Beaulieu Technical Textiles, Siang May Pte Ltd., Helios Group S.r.l., Tencate Geosynthetics, Garware Technical Fibres Ltd., Diatex, Aduno SRL, Meyabond Industry & Trading (Beijing) Co. Ltd., Belton Industries, and Hy-Tex (UK) Limited. These players have adopted various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market position.
Want to Access the Statistical Data and Graphs, Key Players' Strategies:
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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