Dublin, April 22, 2024 (GLOBE NEWSWIRE) -- The "Global Agricultural Grow Bags Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The agricultural grow bags market is forecasted to grow by USD 270.62 million during 2023-2028, accelerating at a CAGR of 5.51% during the forecast period. This growth trajectory suggests a dynamic industry expansion, underpinned by technological advancements and evolving agricultural practices.
Driving Factors
The market's growth is attributed to several factors, including the burgeoning adoption of fabric agricultural grow bags, aimed at achieving higher yields. A growing global population and the subsequent surge in food demand are also key contributors to market development.
Additional impetus comes from governmental initiatives supporting greenhouse horticulture in emerging economies. These factors combined are bolstering the agricultural grow bags industry, paving the way for new growth opportunities.
Industry Segmentation
The market is analyzed across various segments to offer a comprehensive perspective. These segments include raw material categories such as Polythene and Fabric, and product types like Upright grow bags and Horizontal grow bags.
The study also examines geographical landscapes, encompassing North America, Europe, APAC, the Middle East and Africa, and South America.
Future Market Trends
Technological advancements in hydroponics and automation are highlighted as major trends influencing the market. Additionally, the shift towards soilless cultivation methods and the growing preference for state-of-the-art drip irrigation systems are expected to generate substantial market demand. Stakeholders in the agricultural sector are poised to benefit from these advancements, which promise to redefine traditional farming practices and enhance crop yields.
Market Insights
The report's insights underscore the importance of a robust vendor landscape that promotes competitive market positioning. The analysis identifies key market players known for their innovations and contributions to the market's expansion. These vendors offer a broad array of solutions to address the needs of the agricultural sector more effectively.
The agricultural grow bags market is poised for a phase of thriving growth, propelled by technological advancements and increased efficiency in cultivation practices. The current outlook underscores a vibrant market environment being shaped by innovative trends and ambitious industry players.
The agricultural grow bags market is segmented as below:
By Raw Material
- Polythene
- Fabric
By Product
- Upright grow bags
- Horizontal grow bags
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
Companies Profiled:
- Anandi Enterprises
- Anushika Agri Products
- APEX India Agritech
- Dolphin Plastics and Packaging
- Dutch Plantin
- Escorts Ltd.
- Evergreen Tarpaulin Industries
- FibreDust
- Gale Pacific Ltd.
- Gardzen
- Goyal Agri Products
- Gujarat Raffia Industries
- Jiffy Products
- Plant Bags
- Rain Science Grow Bags
- Rise Hydroponics
- Shalimar group
- Van der Knaap Diensten
- VIVOSUN
For more information about this report visit https://www.researchandmarkets.com/r/jyfwh6
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