The global agro textiles industry is expected to reach USD 12.77 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for food with growing population has put a lot of pressure on agricultural productivity. Limited availability of land coupled with various natural disasters further reduces the total yield.
Agrotech aid in improving crop quality and help in increasing overall agricultural productivity. Need to increase crop productivity to fulfill daily demand of growing population has led to the industry growth.
Associations such as Sustainable Agriculture Network (SAN), AGRA (predominant in Africa), and GLOBAL G.A.P. Academy provide expertise to farmers worldwide to set standards and achieve new heights in the field of food development. Prevalence of schemes and certifications given by authorities such as Integrated Farm Assurance (IFA), The International Gold Standard in Farm Certification, and GFSI schemes in agriculture have improved standardization in products and production methods.
The demand for shade nets are mostly dependent on its usage in horticulture and floriculture. Technological advancements in horticulture coupled with development of particle, multilayer and UV protection films, in order to improve yield productivity is anticipated to boost market growth for shade net products over the estimated period.
Further key findings from the report suggest:
- The global agro textiles demand was 1,489.9 kilo tons in 2016 and is estimated to grow at a CAGR of 4.4% from 2017 to 2025
- The global mulch mats demand was over 185 kilo tons in 2016 and is projected to witness moderate growth over the next eight years
- The fishing nets segment in India is anticipated to reach net worth exceeding USD 1.54 billion by 2025
- Agriculture application segment in China accounted for 15% in 2016 and is expected to witness the same trend over the forecast period
- Aquaculture is projected to emerge as the fastest application segment growing at a CAGR of 5% in terms of revenue from 2017 to 2025
- Demand for aggrotech products for animal husbandry in the Middle East & Africa was 3.8 kilo tons in 2016 and is anticipated to grow at a CAGR of 2.4% over the upcoming years
- Major companies actively operating in the industry include Diatex, Capatex, B&V Agro Irrigation Co., Neo Corp International Limited, Beaulieu Technical Textiles, and Belton Industries, Inc.
Access full research report on global agro textiles industry:
www.grandviewresearch.com/industry-analysis/agro-textiles-market
The global Agro Textiles Market size is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the forecast period.
Rising concerns surrounding food security across the globe will be a key growth propeller for this market, states Fortune Business Insights™ in its report, titled “Agro Textiles Market Size, Share & Industry Analysis, By Product (Shade Nets, Mulch Nets, Fishing Nets, Anti-Hail & Bird Protection, and Others), By Application (Agriculture, Aquaculture, Horticulture & Floriculture, and Others), and Regional Forecast, 2020-2027”.
In such a situation, the need for improved agricultural productivity is dire and technologies such as agro textiles will play an instrumental role in meeting the challenge of food security in the coming decades, thereby boosting the growth of this market.The report states that the market value was at USD 9,612.8 million in 2019 and is expected to surge as a result of the COVID-19 outbreak, owing to which the CAGR for 2020-2027 is low.
The other highlights of the report include:Careful examination of all market segments;In-depth study of the trends and other factors influencing the growth of the market;Comprehensive research into the regional developments and competitive milieu of the market; andExhaustive analysis of the overall industry outlook and market prospects.Market DriverSpeedy Expansion of Urban Areas to Stimulate Market GrowthThe Department of Economic and Social Affairs of the UN estimates that urban population around the world will sharply rise from the current 55% to 70% by 2050, amounting to an addition of 2.5 billion people in these areas.
Urban spaces are characterized by hectic lifestyles, sedentary habits, pollution, and overconsumption of unhealthy foods.
Agro textiles such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls.
