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The fishing aquaculture nets market size is estimated to grow at a CAGR of 4.65% between 2023 and 2028. The market size is forecast to increase by USD 406.11 million. The growth of the market depends on several factors including the increasing consumption of fish and fish products, the increased presence of better fish strains from different farming methods and the growing use of e-commerce.
This fishing aquaculture nets market report extensively covers market segmentation by application (commercial application and individual application), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the fishing aquaculture nets market growth is the increased presence of better fish strains from different farming methods. The global aquaculture industry is fuelled by a number of factors, such as the increased presence of better fish strains from different farming methods. This is mainly due to the fact that advancements in breeding and genetics have allowed for the development of improved strains of fish that are more resistant to disease, grow faster, and produce higher yields.
Moreover, different farming methods have also contributed to the development of these better fish strains. For instance, the use of recirculating aquaculture systems (RASs) and other closed-loop systems has allowed for greater control over the aquatic environment, leading to the development of stronger and more resilient fish. Hence, such factors are positively impacting the market. Therefore. it is expected to drive the market growth during the forecast period.
A key factor shaping the fishing aquaculture nets market growth is the growing inclination for HDPE fishing aquaculture nets among end-users. Manufacturers of fishing aquaculture nets offer significant differentiation in net designs and models. In addition, HDPE fishing aquaculture nets are gaining popularity among aquaculture farmers; the versatility of the materials used, comparatively limited capital requirement, and relative simplicity in the performance of various aquaculture operations fuel the demand for HDPE fishing aquaculture nets.
Moreover, fishing aquaculture nets made from HDPE give strength, durability, and resistance to wear and tear. Vendors offering fishing aquaculture nets are also focusing on offering flexible and durable fishing aquaculture nets. In addition, they offer HDPE aquaculture nets in various shapes, sizes, and mesh sizes to accommodate different species of fish. Hence, such factors are positively impacting the market. Therefore. it is expected to drive the market growth during the forecast period.
The rising prevalence of pathogenic diseases among fish is one of the key challenges hindering the smoothies market growth. The increasing prevalence of pathogenic diseases among aquaculture species (fish) is a significant challenge for fish farming and, subsequently, fishing aquaculture nets market. In addition, diseases can cause massive losses in fish production and decrease the profitability of the aquaculture industry.
Moreover, seafood is crucial to the global economy, but marine diseases reduce its economic value. Furthermore, infectious diseases found in the ocean can reduce the quality, growth, and survival of aquatic life (fish). Various types of fish diseases include protozoan diseases, helminth crustacean diseases, bacterial diseases, fungal diseases, and environment-medicated/ genetics related. Hence, such factors are negatively impacting the market. Therefore. it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Fishing Aquaculture Nets Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AS Fiskevegn: The company offers fishing aquaculture nets such as Musselrope, Crystal mussel.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The commercial application segment is estimated to witness significant growth during the forecast period. The commercial fishing industry comprises any business engaged in the catching, taking, harvesting, cultivating, or farming of any kind of fish. In addition, the commercial application segment played a significant role in the growth of the global fishing aquaculture nets market in 2023, supported by factors such as expanding demand for seafood, population growth, and rising health consciousness.
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The commercial application segment was the largest segment and was valued at USD 1,151.82 million in 2018. Moreover, aquaculture is a sustainable and effective method of satisfying this demand. In addition, recirculating aquaculture systems (RASs) and automation are two of the technological innovations in fish farming that have increased production efficiency and environmental sustainability. Furthermore, new opportunities for market expansion are being created by the development of offshore aquaculture and the incorporation of smart/advanced technologies in aquaculture. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Factors such as the region's large population and increasing disposable income fuel the fishing aquaculture nets market in the APAC region. In addition, the APAC region is home to some of the world's largest fishing markets, including China, India, and Japan, which are major consumers of fishing aquaculture net products.
Moreover, the fastest-growing industry in India is fishing and aquaculture, which not only offers food security and nutrition to a significant portion of the population but also plays a critical role in supporting fishermen and fish farmers' livelihoods. In addition to helping the nation of India meet its protein needs, India's growing fisheries are contributing about 6.2% to global fish production. Therefore, such a growing fishing and aquaculture industry is fuelling the demand for fishing aquaculture nets in the country. Hence, such factors drive the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global fishing aquaculture nets market witnessed a significant slowdown due to the closure of activities in various industries, including fishing, which is the major user of fishing aquaculture nets. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in the fishing industries. Such factors are expected to drive the market during the forecast period.
The fishing aquaculture nets market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Fishing Aquaculture Nets Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.65% |
Market Growth 2024-2028 |
USD 406.11 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.22 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 65% |
Key countries |
US, China, Thailand, India, and Vietnam |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alnet Pty Ltd., AS Fiskevegn, Badinotti Group SPA, Chaohu Lotus Fishing Net Co. Ltd., Garware Technical Fibres Ltd., Huimin County Naite Rope Net Co. Ltd., Jaya Nets Sdn Bhd, King Chou Fish Net, Kohinoor Ropes Pvt. Ltd., Magnum, Mano Fishnets, MEMPHIS NET and TWINE Co. Inc., Miller Net Company Inc., Momoi Fishing Net Mfg. Co. Ltd., NITTO SEIMO CO. LTD., Officine Maccaferri Spa, Siang May Pte Ltd, Tufropes Pvt. Ltd., UNIADEX Ltd., and Xinnong Rope Net Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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