According to a recent market study published by Growth Market Reports, titled, “Global Trawl Ropes and Nets Market” by Type (Large Size, Medium Size, Other), by Application (Marine Aquaculture Industry and Freshwater Aquaculture Industry), by Distribution Channel (Online and Offline): Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 327.8 Million in 2021 and is expected to grow at a growth rate of 4.4% by the year 2030.

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As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Global Trawl Ropes and Nets Market is anticipated to witness significant growth during the forecast period 2022-2030. The growing demand for large-sized fishing nets among commercial fishing groups who largely engage in fishing practices in deep seas or oceans.

Trawl ropes and nets are cone-shaped fishing nets primarily designed for catching fish in lakes, rivers, and marine regions. Trawls, also known as dragged gear or towed gear, are deployed under deep water and towed behind a boat or vessel to catch a variety of fish, especially for commercial purposes. These fishing nets are available in different sizes, styles, and designs that allow fishers to use them for various types of fishing practices in different water columns including surface, midwater, and bottom. The nets are sometimes used to target specific fish species.

Key factors that are anticipated to fuel the demand for the global trawl ropes and nets market during the forecast period, due growing demand for seafood products and rising popularity of aquaculture and increasing volume of commercial fishing. Conversely, Strict governmental regulations towards overfishing and environmental concerns are hampering the growth of the market. Technological advancements and development of new materials for fishing nets 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 Trawl Ropes and Nets 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 Trawl Ropes and Nets Market Study

  • The players include Avient Corporation, Jaya Nets Sdn. Bhd., Garware Technical Fibres Ltd., AKVASERVIS, AS Fiskevegn, Dynamica Ropes, Bridon-Bekaert, Hampidjan Australia, Tufropes Pvt Ltd., and Coastal Nets Limited.
  • Based on types, the global trawl ropes and nets market is segmented into large size, medium size, and others. The large size trawl ropes and nets segment accounted for a major share of the market in 2021. The growth of the segment is attributed to the growing demand for large-sized fishing nets among commercial fishing groups who largely engage in fishing practices, especially in deep seas or oceans.
  • In terms of application, applications, the global trawl ropes and nets market is bifurcated into marine aquaculture industry and freshwater aquaculture industry. The freshwater aquaculture industry segment held a key market share in 2021 and is anticipated to register a CAGR of 3.9% during the forecast period, owing to the increasing fishing activities in freshwater areas globally.
  • On the basis of distribution channels, the global trawl ropes and nets market is bifurcated into online and offline. The online segment is expected to expand at a CAGR of 4.7% during the forecast period. The segment growth is attributed to the increasing preference for online purchase of trawl ropes and nets by fishers.
  • In terms of regions, the global trawl ropes and nets market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the market, accounting for a market valuation of USD 154.9 Mn in 2021 and is projected to register a CAGR of 4.4% during the forecast period. The regional market growth is attributed to the increasing volume of commercial fishing in the region, with leading investment from major economies such as China, Japan, South Korea, and India.

Trawl Ropes and Nets Market Scope

Report Metric

Details

Market Value in 2021

USD 327.8 Million

Market Growth Rate (from 2020 to 2028)

4.4%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, By Distribution Channel, and by Region

Key Companies Profiled

Avient Corporation, Jaya Nets Sdn. Bhd., Garware Technical Fibres Ltd., AKVASERVIS, AS Fiskevegn, Dynamica Ropes, Bridon-Bekaert, Hampidjan Australia, Tufropes Pvt Ltd., and Coastal Nets Limited.

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.