The new report by Expert Market Research titled, ‘Global Agro Textiles Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global agro textiles market, assessing the market based on its segments like products, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
The growing stress to increase agricultural yield to cater to the rising demand from the rising population worldwide is driving the industry growth of agro textiles. The numerous benefits of agro textiles, such as increased productivity, better crop quality, and protection from environmental factors like, temperature, water, humidity is also leading to the incremental development of the industry. The wide applications of agro textile in various sectors, like agriculture, fishing, and construction, among others, is providing impetus to the market growth. Moreover, the increasing awareness about the harmful hazards of fertilisers and pesticides is helping the industry thrive. The environmental benefits of natural fibers used in the production of agro textiles, such as biodegradability, is also propelling the industry.
Industry Definition and Major Segments
Agro texiles is a segment of technical textiles that are non-woven materials and comprises of fine filaments. They are made using natural or synthetic fibres and possess agronomic characteristics that are similar to PE films. Agro textiles are widely used in various agro-tech industries, such as agriculture, horticulture, gardening, fishing, forestry, agro-engineering, and others.
The agro textiles industry, by product can be segmented into:
- Anti-hail Nets and Bird Protection Nets
- Fishing Nets
Based on application, the market is divided into:
- Horticulture and Floriculture
The regional markets of agro textiles include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The rising environmental consciousness is prompting governments across the globe to promote research activities to develop biodegradable technical textiles that includes agro textiles. For instance: The Government of India approved the outlay of Rs.1480 Crores under the National Technical Textiles Mission to encourage application-based research in agro textiles. The superior quality agro textiles offered by manufacturers, such as Beaulieu Technical Textiles after consulting agronomy experts, supports uniform plant growth, increases average productivity, and reduces labour costs are also contributing to the steady growth of agro textiles industry. Moreover, the adoption of hi-tech farming techniques and the investments made by the industry players are also expected to propel the agro textiles industry in the forecast period.
Key Market Players
The major players in the market are Beaulieu Technical Textiles, Belton Industries, Inc., B&V Agro Irrigation Co., Hy-Tex (U.K.) Ltd, and Diatex, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.