According to a new market report published by Credence Research “Agro Textile Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the global agro textile market is expected to reach over US$ 14,363.2 Mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Agro Textile, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The worldwide agro textile market was evaluated at US$ 8,921.9 Mn for the year 2016. Growing demand for shade net and pond liners is predicted to remain the chief aspect determining the trends of global agro textile market in the near future. Demand for organic food products is increasing due to awareness associated with health and wellbeing in people. Organic food industry is also advancing in term of technology which is promoting use of agro textiles in floriculture, fruits and vegetable farming applications. Rising awareness and education associated with organic farming in farmers through various schemes and workshops organized by government and non-government organizations is fueling the demand for agro textile. Indian government’s aggressive promotion for shade nets through NHB and NHM is also expected to fuel the demand.
Asia pacific is the dominant region in the agro textile market owing to favorable climatic conditions and abundant availability of farming land. China is also the world’s largest exporter of agro textile. Major driver for the increasing agro textile demand in European region is mainly due to the highest concentration of horticulture & floriculture industry in this region. Overall consumption of agro textile in Western Europe is expected to increase in future.
Growing demand for agro textile from different end use sectors has compelled the producers to concentrate on increase in production. Fiberweb (India) Ltd., Freudenberg & Co. KG, Garware-Wall Ropes Ltd., Gujarat Craft Industries Ltd., JX Nippon ANC, Inc., Koninklijke Ten Cate bv., Low & Bonar PLC, Shakti Polyweave Pvt. Ltd., UNIMIN India, Ltd., Acme Mills (Pvt.) Ltd., Don & Low Ltd. are few key manufacturers in the global agro textile market.
- Rising demand for organic food products
- Shade nets are widely used in several agricultural applications
- Lack of awareness and hesitation in adopting globally proven cost effective technologies
- Leading agro textile companies focusing on acquisition and product diversification
- Asia Pacific is expected to register the highest growth rate
- Large demand-supply gap are expected to restrain market
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Agro Textile buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Agro Textile contains:
Analysis and forecast of Agro Textile market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Agro Textile market;
Assessment and forecast of Agro Textile market development;
Financial and business profiles of the leading companies in the Agro Textile industry.
– Up to date working Agro Textile data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Agro Textile for the period 2018 to 2026
– Planned Agro Textile additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Agro Textile projects by region, key countries, and companies
– Details of major planned Agro Textile projects in the world up to 2026
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