Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.38 Billion | USD 16.67 Billion | 5.4% | 2023 |
Zion Market Research has published a report on the global Agriculture Nets Market, estimating its value at USD 10.38 Billion in 2023, with projections indicating that it will reach USD 16.67 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Agriculture Nets Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The global Agriculture Nets Market accrued earnings worth approximately 12.1(USD Billion) in 2020 and is predicted to gain revenue of about 22.5 (USD Billion) by 2028, is set to record a CAGR of nearly 4.1% over the period from 2021 to 2028. The report offers an assessment and analysis of the Agriculture Nets Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Agriculture nets are manufactured from high-density polyethylene. These products are massively utilized in farming activities for protecting plants from fluctuating weather conditions. Apart from this, it is necessary for farmers to protect plants, fruits, vegetables, and flowers from bad weather, birds, and insects. It also provides protection against ultraviolet rays and is utilized in woven and nonwoven forms. Additionally, these products also find extensive application in animal husbandry, floriculture, and horticulture activities.
The surge in gardening & flowering activities along with the implantation of more trees due to rising environmental protection trends will steer the growth of the agriculture nets market. In addition to this, the escalating requirement for safe & non-contaminated crop yield is expected to boost product penetration in the farming industry over the forthcoming years. Apart from this, the massive need of crop protection and the humungous uof se floating & shading coverts will translate into protruding growth of the agriculture nets industry over an estimated timeframe.
Furthermore, the rapid expansion of agro textiles coupled with the need for high-quality crop yield will create new growth opportunities for the agriculture nets market in the upcoming years. Additionally, surging food requirements of increasing population and fluctuating seasonal cycles will contribute majorly towards agriculture nets market size. Rising focus of countries on ensuring national self-sufficiency will result in a spike in demand for agricultural nets in the coming years. Apparently, the utilization of agriculture nets in animal husbandry and aquaculture will generate new revenue streams for the agriculture nets market in near future. Nonetheless, huge raw material costs and rising manufacturing costs can restrict the growth of the agriculture nets industry.
The Asia Pacific To Make Notable Contributions Towards Market Size By 2028
Growth of the agriculture nets market in the Asia Pacific zone over the forecast timespan can be credited to the massive demand for the product (to increase crop yield) in countries such as Indonesia, Thailand, Malaysia, India, and China where farming is main occupation of a large portion of the population. Apart from this, the strong presence of established players in the sub-continent and agro-based economy of emerging economies in Asia Pacific zone will favor regional market growth. Huge population base resulting in massive food demand is projected drive product penetration in region.
Report Attributes | Report Details |
---|---|
Report Name | Agriculture Nets Market |
Market Size in 2023 | USD 10.38 Billion |
Market Forecast in 2032 | USD 16.67 Billion |
Growth Rate | CAGR of 5.4% |
Number of Pages | 155 |
Key Companies Covered | LVMH, Dior Beauty, KAO Corporation, Coty, L’Oréal, Estée Lauder, Shiseido, Chanel, Elizabeth Arden Inc., and The Procter & Gamble Company (P&G) |
Segments Covered | By Product Type, By Distribution Channel, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key participants influencing market growth and profiled in the study are
The global Agriculture Nets Market is segmented as follows:
FrequentlyAsked Questions
Surge in gardening & flowering activities along with implantation of more number of trees due to rising environmental protection trends will steer growth of agriculture nets market. In addition to this, escalating requirement for safe & non-contaminated crop yield is expected to boost product penetration in farming industry over forthcoming years. Apart from this, massive need of crop protection and humungous use of floating & shading coverts will translate into protruding growth of agriculture nets industry over estimated timeframe. Furthermore, rapid expansion of agro textiles coupled with need of high quality crop yield will create new growth opportunities for agriculture nets market over upcoming years. Additionally, surging food requirements of increasing population and fluctuating seasonal cycles will contribute majorly towards agriculture nets market size.
According to Zion market research report, the global Agriculture Nets Market accrued earnings worth approximately 12.1(USD Billion) in 2020 and is predicted to gain revenue of about 22.5 (USD Billion) by 2028, is set to record a CAGR of nearly 4.1% over the period from 2021 to 2028..
Asia Pacific will contribute lucratively towards the global market earnings over the estimated timeline. The regional market surge is subject to massive demand for product (to increase crop yield) in countries such as Indonesia, Thailand, Malaysia, India, and China where farming is main occupation of a large portion of population. Apart from this, strong presence of established players in sub-continent and agro-based economy of emerging economies in Asia Pacific zone will favor regional market growth. Huge population base resulting in massive food demand is projected drive product penetration in region.
The key market participants include Low & Bonar PLC, Capatex, Belton Industries, Inc., Beaulieu Technical Textiles, Shree Tarpaulin industries, Shakti Polyweave Pvt. Ltd., Garware-Wall Ropes Ltd., Diatex, Neo Corp International Limited, and Fiberweb (India) Ltd.
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