Understand How The Agriculture Nets Market Is Set To Grow In Through 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The agriculture nets market has witnessed robust growth in recent years, with the market size expanding significantly. From $9.4 billion in 2023, it is projected to reach $9.91 billion in 2024, boasting a compound annual growth rate (CAGR) of 5.4%. Several factors have contributed to this growth:
- Globalization and trade expansion
- Stringent security regulations
- Airport infrastructure expansion
- Emergence of automated systems
- Increased passenger expectations
- Regulatory compliance
Looking Ahead: Forecasted Growth and Influential Factors
Projections for the near future are equally promising, with the market expected to surge to $12.43 billion by 2028, at a CAGR of 5.8%. Anticipated factors driving this growth include:
- Emphasis on passenger safety
- Modernization of airport infrastructure
- Customs and border protection requirements
- Biosecurity concerns
- Increasing focus on sustainability
Forecasted Trends: Innovations and Transformative Shifts
In the forecast period, several trends are expected to shape the landscape of agriculture nets:
- Innovations in material detection
- Advanced imaging technologies
- Integration of artificial intelligence (AI)
- Enhanced automation and robotics
- Mobile and portable screening solutions
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Impact Of Food Security On Agriculture Net Market
Addressing the Growing Demand for Food
The agriculture net market is poised for growth, largely influenced by the increasing demand for food. Agricultural nets play a vital role in protecting and enhancing crop growth, thereby contributing to food production. Notable statistics underline this influence:
- According to the USDA, in 2021, 89.8% of U.S. households were food-secure, compared to 89.5% in 2020.
- This increasing demand for food directly fuels the growth of the agriculture net market.
Major Players and Market Dynamics
Several key companies operate in the agriculture nets market, including:
- Fiberweb India Ltd.
- Shakti Polyweave Private Limited
- Garware Technical Fibres Ltd.
- B & V Agro Irrigation Co.
- Diatex SAS
- Belton Industries Inc.
- Shree Tarpaulin Industries
- Neo Corp International Limited (NCIL)
- Beaulieu Technical Textiles
- Low & Bonar PLC
Advanced Features Of Fruit Security’s Black Hail Net
Innovative Product Launches
Product launches drive momentum in the agriculture net market, as companies continually introduce new solutions. A prime example is Fruit Security GmbH’s recent innovation:
- Fruit Security GmbH introduced a black hail net designed to protect against sunburn and delay fruit ripening.
- The net’s unique composition, including carbon, extends its lifespan to up to 25 years, compared to conventional nets.
- Benefits include prolonged fruit ripening, uniform fruit coloring, and significant cost savings in agriculture nets.
Digital Farming Integration: Exploring The Tech-Savvy Future Of The Merged Entity
Merging for Market Expansion
In March 2023, Rivulis Irrigation Ltd. merged with Jain Irrigation Systems, forming a powerful entity in the agriculture sector:
- The merger enhances market coverage and offers a wider range of products and solutions, including digital farming services.
- Jain Irrigation Systems, an India-based conglomerate, brings extensive expertise in agriculture nets to the merged entity.
Segmentation and Regional Insights
Understanding Market Dynamics
The agriculture nets market is segmented based on various parameters:
- Type: Shading Nets, Anti-Hail, Anti-Insects, Windbreak, Other Types
- Material Type: Plastic, Metal, Rubber, Other Materials
- Form: Woven, Non-Woven
- Sales Channel: Hypermarkets or Supermarkets, Specialty Stores, Departmental Stores, Independent Stores, Hardware Stores, Farm Equipment Stores, Other Sales Channels
- Application: Agriculture, Animal Husbandry, Greenhouses, Terrace Gardening And Fencing, Building Repairs And Construction, Horticulture, Floriculture
Regional Outlook
- Europe led the agriculture nets market in 2023, while Asia-Pacific is projected to witness the fastest growth during the forecast period.
The agriculture nets market is not just witnessing growth but also undergoing transformation driven by technological advancements, market dynamics, and evolving consumer needs. As the industry continues to innovate and expand, it holds immense potential for stakeholders across the globe.
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The Agriculture Nets Global Market Report 2024 provides an overview of the agriculture nets market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agriculture nets market forecast analyzes agriculture nets market size, agriculture nets market share, leading competitor and their market positions.
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