According to a recent market study published by Growth Market Reports, titled, “Global Fishing Nets and Aquaculture Cage Market” by Type (Fishing Nets and Aquaculture Cages) and by Application (Individual Applications and Commercial Applications):  Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 2,017.6 Million in 2021 and is expected to grow at a growth rate of 3.8% by the year 2030.

As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Global Fishing Nets and Aquaculture Cage Market is anticipated to witness significant growth during the forecast period 2022-2030. Asia Pacific is estimated to hold a dominant share of the market, as many countries in Asia Pacific have indented coastlines and a large number of islands and bays, which favour fish breeding.

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A fishing nets is fishing equipment, which helps catch fish. Nets are made from fibers or threads that are woven together to form a mesh. Previously, fishing nets were made of organic materials such as wool or silk thread. Modern fishing nets are made of nylon and other synthetic polyamides. Various types of fishing nets, such as trawling net, cast net, gillnet, and trammel net, are used in freshwater, saltwater, or seawater to catch fish.

Key factors that are anticipated to fuel the demand for the global fishing nets and aquaculture cage market during the forecast period, due increasing demand for seafood products and means for alternative income. Conversely, high cost of installation is hampering the growth of the market. Technological advancements in the development of fishing nets and aquaculture cages are creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Fishing Nets and Aquaculture Cage Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape.

Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities.  According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses.

Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • The players include Miller Net Company, Inc., Siang May Pte Ltd., MEMPHIS NET & TWINE CO., INC., NITTO SEIMO CO., LTD., Jaya Nets Sdn. Bhd., Garware Technical Fibres Ltd., AS Fiskevegn, Tufropes Pvt Ltd., Sagar Aquaculture Private Limited., Officine Maccaferri Spa, Huimin County Naite Rope Net Co.,Ltd., Xiantao Xinnong Rope Net Technology Co., Ltd., Avient Corporation, Netmark, and KING CHOU MARINE TECHNOLOGY.
  • The aquaculture cages segment is estimated to acquire a significant market share, due to increasing production of fish using aquaculture cages. Aquaculture cages help to increase fish production and generates a supplemental source of income for small farmers.
  • In terms of application, the commercial applications segment is anticipated to hold a large share of the market, due to increasing demand for fish and seafood products. Governments around the world are providing funding for pisciculture. This is encouraging people to adopt pisciculture as an alternative source of employment. Moreover, many people are engaged in fishing for commercial purposes. This, in turn, is boosting the commercial applications segment.
  • In terms of regions, the global fishing nets and aquaculture cage market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the Middle East & Africa is projected to grow rapidly over the forecast period, due to the growing demand and adoption of aquaculture cages by consumers in the region.

Report Scope

Report Metric

Details

Market Value in 2021

USD 2,017.1 Million

Market Growth Rate (from 2020 to 2028)

3.8%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, and By Region

Key Companies Profiled

Miller Net Company, Inc., Siang May Pte Ltd., MEMPHIS NET & TWINE CO., INC., NITTO SEIMO CO., LTD., Jaya Nets Sdn. Bhd., Garware Technical Fibres Ltd., AS Fiskevegn, Tufropes Pvt Ltd., Sagar Aquaculture Private Limited., Officine Maccaferri Spa, Huimin County Naite Rope Net Co.,Ltd., Xiantao Xinnong Rope Net Technology Co., Ltd., Avient Corporation, Netmark, and KING CHOU MARINE TECHNOLOGY.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Product Manufacturers and Suppliers or Distributors  
  • Demand Side: Marine Aquaculture Industry and Freshwater Aquaculture Industry.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: United States Environmental Protection Agency and others.