DUBLIN, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Material & Chemical business-consulting firm, has published a market intelligence and competitive landscape report on the “Agro Textile Market”. As per the report, the total market opportunity for Agro Textile was USD 8.99 Bn in 2021 and is expected to grow at 5.2 percent CAGR over the forecast period to reach USD 13.49 Bn.
| Market Size in 2021 | USD 8.99 Bn |
| Market Size in 2029 | USD 13.49 Bn |
| CAGR | 5.2 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 260 |
| No. of Tables | 160 |
| No. of Charts and Figures | 165 |
| Segment Covered | By Product and Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Durability and Sustainability of Agricultural products to lead the Agro-Textile Market growth
Agro materials used in agriculture, horticulture, and animal husbandry are known as Agro textiles. Increase in the output of the agriculture industry and income growth in developed countries accelerated a dietary transition to large consumption of fruits and vegetables led to the sustainability of the Agro- textile market. Changing lifestyles and urbanization cause demand for organic products. Sustainable fabrics that work for a long period and have large functionality support the Agro textile market. Innovations in greenhouses and crop cover industries used for irrigating gardens and landscapes boost the Agro textiles market growth. New technologies adopted by farmers to improve crop yield helps in the Agro textiles market growth.
Agro Textile infrastructure is an expensive process and fluctuation in the cost of raw material restrain the Agro textiles market growth. Volatility in the prices of agro materials such as polymers led to high manufacturing costs. Government regulations on the use of polymers in agro textile limits the market growth.
Asia Pacific region to dominate the Agro Textile Market over the forecast period
Asia Pacific region held the largest Agro Textile market share in 2021. Increasing demand for organic agricultural products in the region is expected to drive the regional Agro Textile market growth. Research and Development activities in the agricultural practices in economies like China and India led to substantial growth of the Agro Textile market.
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The European region is expected to dominate the Agro Textile market during the forecast period, due to growing government initiatives to raise agricultural production.
Agro-Textile Market Segmentation
Based on application, Aquaculture industry to boost the Agro-Textile Market growth
Aquaculture industry dominated the Agro-Textile Market in 2021 and is expected to continue the dominance during the forecast period, due to growth in the fishing industry. Aquatic plants like seaweeds, providing essential nutrients & vitamins contributes to the Agro-Textile Market growth. Textiles employed to stop soil erosion and to increase crop productivity led to Agro Textile Market growth.
By Product:
- Shade nets
- Mulch mats
- Fishing net
- Anti-hail nets
- Bird protection
- Others
By Application:
- Agriculture
- Aquaculture
- Floriculture
- Horticulture
- Others
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Leading Players in the Agro Textile Market include:
- SRF Limited (India)
- CTM Technical Textiles Limited (India)
- Fortune Agro Net (India)
- Parry Enterprises India Limited (India)
- Rishi TechTex Ltd. (India)
- B&V Agro Irrigation Co (India)
- Neo Corp International Limited (India)
- FIBRETEX INDIA PRIVATE LIMITED (India)
- Centennial Fabric Ltd (India)
- Zhongshan Hongjun Nonwoven Co., Ltd. (China)
- Meyabond Industry & Trading Co., Ltd. (China)
- Siang May Pte Ltd. (Singapore)
- TenCate Industrial Fabrics (US)
- Belton Industries, Inc. (US)
- Diatex Co Ltd. (France)
- Hy-Tex Limited (UK)
- Capatex Ltd (UK)
- Freudenberg Performance Materials (Germany)
- Beaulieu Technical Textiles S.A (Belgium)
- Phormium (Belgium)
- KARATZIS S.A. (Greece)
- ACE Geosynthetics (Taiwan)
- Aduno SRL (Italy)
- HELIOS GROUP S.r.l. (Italy)
- Agro-Jumal Sp (Poland)
- Tama Plastics Indust (Israel)
SRF Limited (India)
SRF Limited provides a sustainable Technical Textiles Business to strive to be a good corporate citizen, trusted by all stakeholders with a revenue of a whopping USD 1.6 Bn in 2021. Use of Renewable Energy to expand the use of renewable energy at SRF’s Technical Textiles Business (TTB) facilities, taking into consideration the perspectives of environmental, regional, and economic factors. SRF has a dedicated R&D team at its Technical Textiles Business manufacturing site in India.
CTM Technical Textiles Limited (India)
CTM Technical Textiles Limited invent specialty fibres and their incorporation in almost all areas that the importance of technical textiles is only going to increase. India’s strengths have already been defined in traditional textiles and natural fibers globally. The end-use application of technical textiles provided by CTM Technical Textiles Limited is widespread and seen in the agricultural industry.
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product and Application
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis, Recommendations
Key questions answered in the Agro Textile Market are:
- What is Agro Textile?
- What was the Agro Textile market size in 2021?
- What is Agro textile market growth rate?
- Which segment dominated the Agro Textile market growth?
- What are the restraining factors in the Agro Textile market growth?
- Which region held the largest share in the Agro Textile market growth?
- Who are the leading manufacturers in the Agro Textile market?
- Which is the fastest growing segment in the Agro Textile market?
- Which government regulations are expected to drive the Agro Textile market growth?
- What are the major challenges for the growth of the Agro Textile market?
- Which regions are expected to provide lucrative opportunities for the Agro Textile market?
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Agrochemicals Market: The total size of the market is expected to reach USD 272.57 Bn by 2029 from USD 208.60 Bn in 2021 at a CAGR of 3.4 percent during a forecast period. Improved fertilizers are in higher demand in countries that rely on their agriculture industry and are expected to drive the market growth.
Technical Textile Market: The total market size was valued at USD 205.30 Bn in 2021 and is expected to reach 338.50 Bn by 2029, at a CAGR of 6.45 percent during a forecast period. Growing preference towards non-woven technical fabrics is the factor driving the market growth.
Wet Chemicals Market: The total market size was valued at USD 6.72 Bn in 2021 and is expected to reach USD 11.12 Bn by 2029, exhibiting a CAGR of 6.5 percent during the forecast period (2022-2029). Increasing demand from Industries Driven by Modern Technologies is expected to drive the market growth.
Glacial Acrylic Acid Market: The total market size was valued at USD 2.6 Bn in 2021, and is expected to reach USD 3.48 Bn by 2029, exhibiting a CAGR of 3.7 percent during the forecast period (2022-2029). Growing Production of Glacial Acrylic Acid from Renewable Resources to drive the market growth.
Alkoxylates Market: The total market size was valued at USD 7.20 Bn. in 2021 and is expected to grow at a CAGR of 5.4 percent from 2022 to 2029, reaching USD 10.97 Bn. Increasing awareness regarding efficient and environmentally friendly products is expected to drive the market growth.
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