Research Reports
Fishing Net Fiber Market Set to Surge at 3.1% CAGR to Reach $5.5 million by 2034
Home > Research Reports > Fishing Net Fiber Market Set to Surge at 3.1% CAGR to Reach $5.5 million by 2034
Global Banking & Finance Review®
Company
Constantly Increasing Seafood Consumption Augmenting Requirement for Efficient Fishing Net Fibers for Aquaculture: Fact.MR Report
Constantly Increasing Seafood Consumption Augmenting Requirement for Efficient Fishing Net Fibers for Aquaculture: Fact.MR Report
Although the trend of veganism appears to be gaining momentum globally, food consumption of seafood has been on the rise, thus propelling the associated industries ahead. The global fishing net fiber market is estimated by a recent study conducted by Fact.MR is to be valued at US$ 4.05 billion in 2024 and go on to progress further at a CAGR of 3.1% from 2024 to 2034.
Demand for fishing net fibers is increasing as seafood lovers demand a variety of fish, such as tuna and shark. Physicians typically prescribe seafood for different ailments, such as hypertension and other cardiovascular diseases. As a result, demand for fish and other seafood has increased among people with health challenges, bringing in significant revenues for manufacturers of fishing nets.
Some species of fish, like anchovies, sardines, and menhaden, are employed to make fish emulsion or fish meal that acts as organic fertilizers. They are nutritious products widely applied in organic agriculture and horticulture, hence creating potential for market for net providers in fishing.
Fishing operations involve different devices, such as navigational tools for controlling boats on the high seas and within harbors, fish-finding devices like sonar, electronic support for operation, and radio communication, which are crucial for security and overall communication.
For More Insights into the Market, Request a Sample of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10064
Key Takeaways from the Market Study:
"Growing demand for effective fishing methods fueled by continuously increasing seafood consumption in many regions of the world driving demand for fishing net fibers," says a Fact.MR analyst.
Leading Players Driving Innovation in the Fishing Net Fiber Market
A few of the key players in the fishing net fiber market are BASF SE, Advan Six Inc., Toray Industries, Inc., Royal DSM N.V., Indorama Ventures, Amco Polymers, Formosa Chemicals, and Fiber Corporation, which are adapting themselves to evolving market trends such as innovative fishing hooks and fishing rods.
Government Policies and Subsidies Supporting Fisheries Sector Growth in the United States
The growing popularity of the benefits of fish and krill oil in the United States is anticipated to impact the growth of the fisheries industry and escalate demand for fishing nets. The availability of products by leading players such as Miller Net Company Inc., Memphis Net & Twine, and others are anticipated to propel the market growth in the nation. Apart from this, a broad range of government subsidies and policies favoring fisheries development is further propelling fishing industry expansion, thus raising fishing net sales throughout the nation.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10064
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the fishing net fiber market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on type (gill nets, cast nets, hoop nets), material (polyamide, polyester, others [HDPE, specialty, etc.]), distribution channel (offline, online), and end user (commercial, household), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Check out More Related Studies Published by Fact.MR:
The 4,4-dichlorodiphenyl sulfone market is projected to grow from US$ 402 million in 2021 to US$ 638 million by 2032.
The potassium permanganate market was valued at US$ 845 million in 2021, with an expected 9.1% CAGR from 2022 to 2032. The Free-Flowing Grade segment is anticipated to grow at 8.8% CAGR.
The silicic acid market is forecasted to expand at a 4.1% CAGR, reaching US$ 89.5 million by 2033, up from US$ 59.8 million in 2023.
The aroma chemicals market stood at US$ 5.11 billion in 2021 and is projected to grow at a 4.7% CAGR, reaching US$ 8.11 billion by 2032.
The ferrous sulfate market is expected to grow from US$ 2.5 billion in 2023 to US$ 3.3 billion by 2033, at a 2.9% CAGR.
The aromatic solvents market was valued at $5.1 billion in 2021 and is projected to expand at a 3.4% CAGR, reaching US$ 8.2 billion by 2032.
The benzotriazole market is set to grow at an 8.4% CAGR, rising from US$ 400 million in 2023 to US$ 900 million by 2033.
The iron ore pellets market is expected to reach US$ 78.24 billion by 2033, growing at a 4.1% CAGR from US$ 52.35 billion in 2023.
Aquaculture refers to the farming of aquatic organisms such as fish, crustaceans, and aquatic plants. It involves breeding, rearing, and harvesting in controlled environments.
Fishing net fibers are materials used to create nets for catching fish and other aquatic creatures. Common materials include polyamide and polyester.
CAGR stands for Compound Annual Growth Rate. It is a useful measure to show the mean annual growth rate of an investment over a specified time period.
Organic fertilizers are derived from natural sources and are used to enhance soil fertility and plant growth. They include materials like fish emulsion and compost.
Explore more articles in the Research Reports category
