Trawl Ropes and Nets Market Size, Share & Growth Report 2031

Report Description

Market Outlook

The global trawl ropes and nets market size was USD 341.3 Mn in 2022 and is likely to reach USD 538.7 Mn by 2031, expanding at a CAGR of 5.20% during 2023–2031. The market growth is attributed to the increasing volume of commercial fishing activities and investments in emerging economies such as Japan, China, India, and South Korea.

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. Fishers mostly deploy the nets for commercial fishing for demersal (bottom of seas or lakes) and pelagic (surface layers of seas/open oceans) fish in marine and freshwater regions. The nets are sometimes used to target specific fish species.

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Trawl Ropes and Nets Market Dynamics

What drives Trawl Ropes and Nets Market?

Growing demand for seafood products

The growing demand for seafood products, especially fish, is a key factor boosting the global trawl ropes and nets market. Increasing preference for seafood and seafood products globally is largely attributed to the growing health-conscious population who are aware of the health benefits of consuming seafood.

Rising Popularity of Aquaculture and the Increasing Volume of Commercial Fishing

Rising demand for aquaculture and increasing volume of commercial fishing worldwide due to the growing demand for fish are driving the global trawl ropes and nets market. Aquaculture is widely considered a sustainable fishing practice that can help in breeding or harvesting various endangered aquatic species of plants and fish.

What restraints Trawl Ropes and Nets Market?

Strict Government Regulations toward Overfishing and Environmental Concerns

Harmful raw materials are used to manufacture trawl ropes and nets and governments across the globe are setting up policies and regulations on a local and international level to ensure that fishing activities don't throw the ecosystem off balance by overfishing which results in hampering the market growth. 

What are the Opportunities for Trawl Ropes and Nets Market?

Technological Advancements and the Development of New Materials for Fishing Nets

Technological advancements in fishing equipment and the rapid introduction of high-strength and durable materials for fishing nets and aquaculture cage such as increasing demand for high-density polyethylene (HDPE) cages are creating lucrative opportunities for the market players.

Scope of Trawl Ropes and Nets Market Report

The report on the Global Trawl Ropes and Nets Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Segmental Outlook

What Key Factors Contribute to the Significant Expansion of the Type Segment?

Increasing demand for large-sized Fishing Nets

Based on types, the global market is segregated into large-size, medium-size, and others. The large-size trawl ropes and nets segment accounted for a major share of the market in 2022 and is projected to register a CAGR of 4.2% during the forecast period.

The segment growth is attributed to the growing demand for large-sized fishing nets among commercial fishing groups that largely engage in fishing practices, especially in deep seas or oceans. However, the medium-size trawl ropes and nets segment is anticipated to register a considerable CAGR during the forecast period due to the increasing consumer usage of medium-size nets as these are easy to access. 

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What are the Main Aspects for Boosting the application Segment?

Increasing demand for trawl ropes and nets for marine-based activities 

In terms of application, the global market is bifurcated into the marine aquaculture industry and freshwater aquaculture industry. The marine aquaculture industry segment was valued at USD 248.2 Mn in 2021 and is expected to expand at a CAGR of 4.5% during the forecast period. The segment growth is attributed to the increasing demand for trawl ropes and nets and the rising volume of marine-based commercial fishing activities.

The growing demand for marine fish species such as swordfish, sailfish, marlin, and tuna is driving the segment. The freshwater aquaculture industry segment is anticipated to register a considerable CAGR in the coming years owing to the practice of raising and breeding aquatic animals for raising and breeding aquatic animals for economic purposes by ponds, lakes, rivers, and other inland waterways.

Why is the Online Segment More Prevalent than the offline Segment?

Heavy discount offers and door-step delivery of products

The online segment is a fast-growing distribution platform, which constituted a market size worth USD 60.53 Mn in 2021 and 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 purchases of trawl ropes and nets by fishers.

Heavy discount offers and door-step delivery of online products from ecommerce software platforms to buyers are key factors propelling the segment. However, the offline segment is anticipated to register a considerable CAGR during the forecast period owing to the easy availability of a variety of products under one roof and consumers have the advantage to check the quality of products.

Why is the demand for Trawl Ropes and Nets high in Asia Pacific?

The Rapid increase in commercial fishing and growing investments in the market

Asia Pacific dominated the market, accounting for a market valuation of USD 90.5 Mn in 2021, and is projected to register a CAGR of 4.5% during the forecast period. The regional market growth is attributed to the increasing volume of commercial fishing and growing investments from major economies such as China, Japan, South Korea, and India is likely to boost the market growth.

The market in North America is expected to register a considerable CAGR in the coming years due to the increasing demand for seafood products and the rapid growth in the practice of fishing as a leisure activity can increase the demand for trawl ropes and nets in the global market.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Trawl Ropes and Nets Market
• Historical, Current, and Projected Market Size in terms of Value.
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints, and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Trawl Ropes and Nets Market Performance