Pune, June 12, 2020 (GLOBE NEWSWIRE) -- The global agro textiles market size is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. Rising concerns surrounding food security across the globe will be a key growth propeller for this market, states Fortune Business Insights™ in its report, titled “Agro Textiles Market Size, Share & Industry Analysis, By Product (Shade Nets, Mulch Nets, Fishing Nets, Anti-Hail & Bird Protection, and Others), By Application (Agriculture, Aquaculture, Horticulture & Floriculture, and Others), and Regional Forecast, 2020-2027”. According to the Food and Agriculture Organization (FAO) of the UN, around 9.2% of the global population suffered from acute food insecurity and 17.2% experienced moderate food insecurity in 2018. The intensity of food insecurity is likely to get heightened with rapid growth in global population, which is forecasted to reach 9.7 billion by 2050, as per data from the World Bank. In such a situation, the need for improved agricultural productivity is dire and technologies such as agro textiles will play an instrumental role in meeting the challenge of food security in the coming decades, thereby boosting the growth of this market.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/agro-textiles-market-102963
COVID-19 Impact Analysis:
The recent coronavirus outbreak has had an adverse impact on majority of the businesses across the world. Accounting to the strict measures taken by governments of major countries, it has become increasingly difficult to carry out business operations. The report will include the impact of the Covid-19 pandemic on the global. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Agro Textiles Market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/agro-textiles-market-102963
The report states that the market value was at USD 9,612.8 million in 2019 and is expected to surge as a result of the COVID-19 outbreak, owing to which the CAGR for 2020-2027 is low. The other highlights of the report include:
- Careful examination of all market segments;
- In-depth study of the trends and other factors influencing the growth of the market;
- Comprehensive research into the regional developments and competitive milieu of the market; and
- Exhaustive analysis of the overall industry outlook and market prospects.
Market Driver
Speedy Expansion of Urban Areas to Stimulate Market Growth
The Department of Economic and Social Affairs of the UN estimates that urban population around the world will sharply rise from the current 55% to 70% by 2050, amounting to an addition of 2.5 billion people in these areas. Urban spaces are characterized by hectic lifestyles, sedentary habits, pollution, and overconsumption of unhealthy foods. As a result, the demand for organic and naturally-derived snacks is increasing in these areas, reflecting a marked change in consumption trends around the world. Agro textiles such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls. Moreover, the agro textiles market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture.
Regional Analysis
High Reliance on Agriculture to Augment the Market in Asia-Pacific
Asia-Pacific is set to lead the agro textiles market share during the forecast period, with the region boasting a market size of USD 3,302.9 million in 2019. The main reason for the region’s preeminent position in the market is the excessive reliance of the developing economies of India and China on agriculture. Added to this is the high population of these and other countries in the region, which has exacerbated the need for greater agriculture productivity. As a result, the demand new-age materials and tools such as agro textiles in the farming sector are expected to soar in the forthcoming years.
Rapid advancements in aquaculture farming is anticipated to propel the market in North America, while the market in Europe is slated for steady expansion on account of increasing preference for bio-based agricultural textiles in the region.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/agro-textiles-market-102963
Competitive Analysis
Introduction of Advanced Products and Solutions to be the Central Focus for Companies
Key players in this market are injecting money into their R&D divisions to speed up the development of next-gen products and solutions to keep up with the changing dynamics of the agriculture sector. These product launches are also aiding companies to strengthen their portfolio of solutions and entrench their position in the market.
Industry Developments:
- May 2020: The German technology company, Freudenberg, announced the acquisition of the UK-based high-performance materials conglomerate, Low & Bonar. With this acquisition, Freudenberg will be able expand its technical textiles portfolio as well as get access to Low & Bonar’s technological expertise in this domain.
- January 2020: The French technical fabrics specialist, Diatex SAS, unveiled a wide array of specialized textile products for agriculture at the IPM ESSEN 2020 held in Germany. Diatex launched its tailor-made plant and other crop protection solutions at this event.
List of the Key Companies Profiled in the Agro Textiles Market Research Report are:
- Zhongshan Hongjun Nonwovens Co., Ltd. (China)
- Hy-Tex (UK) Limited (U.K.)
- Belton Industries (U.S.)
- Beaulieu Technical Textiles (Belgium)
- B&V Agro Irrigation Co. (India)
- Diatex (France)
- Neo Corp International Limited (India)
- Meyabond Industry & Trading (Beijing) Co., Ltd. (China)
- Tama (Japan)
- SRF Limited (India)
Quick Buy – Agro Textiles Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102963
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Global Agro Textiles Market Analysis, Insights and Forecast, By Product, 2016-2027
- Key Findings / Summary
- Global Agro Textiles Market Analysis, Insights and Forecast – By Product
- Shade Nets
- Mulch Nets
- Fishing Nets
- Anti-Hail & Bird Protection
- Others
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/agro-textiles-market-102963
Have a Look at Related Research Insight:
Technical Textiles Market Size, Share & Industry Analysis, By Product Type (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Medtech, Mobiltech, Packtech, Protech, Sporttech and Oekotech), By Fiber Type (Natural Fiber and Synthetic Fiber), By Product Form (Fabric, Fiber and Yarn) and Regional Forecast, 2019-2026
Geosynthetics Market Size, Share and Industry Analysis, By Product (GeoTextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026
Agricultural Films And Bonding Market Size, Share & Industry Analysis, By Type (Agricultural Films, Twine, Netting, Others), By End Use Industries (Greenhouse, Mulching, Silage, Vegetable & fruit Packing, Shade, Anti-insect, Others) Others and Regional Forecast, 2019-2026
Antimicrobial Textiles Market Size, Share & Industry Analysis, By Agents (Synthetic Organic Compounds, Bio-Based Compounds, Metal & Metallic Salts and Others), By Fabric (Cotton, Polyester, and Others), By Application (Home, Commercial, Medical, Apparel, Industrial, and Others) and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/agro-textiles-market-10011