Trawl Ropes and Nets Market

Trawl Ropes and Nets Market

  • FB-4887
  • 4.2 Rating
  • 180 Pages
  • 12-09-2022
  • 83 Reviews
  • PDF Excel PPT
Anuradha

Author :

Anuradha B. More

Vaibhav

Fact-checked by :

Vaibhav Chandola

Aman

Editor :

Aman Singh

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.

Global Trawl Ropes And Nets Market Forecast

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.

Attributes

Details

Report Title

Trawl Ropes and Nets Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016 & 2021

Forecast Period

2023–2031

Segmentation

Type (Large Size, Medium Size, and Other), Application (Marine Aquaculture Industry and Freshwater Aquaculture Industry), and  Distribution Channel (Online and Offline)

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

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

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. 

Global Trawl Ropes And Nets Market Types

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.

Global Trawl Ropes And Nets Market Regions

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

Segments

Type

  • Large Size
  • Medium Size
  • Others

Application

  • Marine Aquaculture Industry
  • Freshwater Aquaculture Industry

Distribution Channel

  • Online
  • Offline

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Players

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

Competitive Landscape

  • Top players in the market 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.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the global trawl ropes and nets market.
Global Trawl Ropes And Nets Market Key Players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trawl Ropes and Nets Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Trawl Ropes and Nets Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Trawl Ropes and Nets Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Trawl Ropes and Nets Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Trawl Ropes and Nets Market Size & Forecast, 2015-2030
      4.5.1 Trawl Ropes and Nets Market Size and Y-o-Y Growth
      4.5.2 Trawl Ropes and Nets Market Absolute $ Opportunity
Chapter 5 Global Trawl Ropes and Nets Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Trawl Ropes and Nets Market Size Forecast By Type
      5.2.1 Large Size
      5.2.2 Medium Size
      5.2.3 Other
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Trawl Ropes and Nets Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Trawl Ropes and Nets Market Size Forecast By Application
      6.2.1 Marine Aquaculture Industry
      6.2.2 Freshwater Aquaculture Industry
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Trawl Ropes and Nets Market Analysis and Forecast By Distribution Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   7.2 Trawl Ropes and Nets Market Size Forecast By Distribution Channel
      7.2.1 Online
      7.2.2 Offline
   7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global Trawl Ropes and Nets Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Trawl Ropes and Nets Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Trawl Ropes and Nets Analysis and Forecast
   10.1 Introduction
   10.2 North America Trawl Ropes and Nets Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Trawl Ropes and Nets Market Size Forecast By Type
      10.6.1 Large Size
      10.6.2 Medium Size
      10.6.3 Other
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Trawl Ropes and Nets Market Size Forecast By Application
      10.10.1 Marine Aquaculture Industry
      10.10.2 Freshwater Aquaculture Industry
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Trawl Ropes and Nets Market Size Forecast By Distribution Channel
      10.14.1 Online
      10.14.2 Offline
   10.15 Basis Point Share (BPS) Analysis By Distribution Channel
   10.16 Absolute $ Opportunity Assessment By Distribution Channel
   10.17 Market Attractiveness Analysis By Distribution Channel
Chapter 11 Europe Trawl Ropes and Nets Analysis and Forecast
   11.1 Introduction
   11.2 Europe Trawl Ropes and Nets Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Trawl Ropes and Nets Market Size Forecast By Type
      11.6.1 Large Size
      11.6.2 Medium Size
      11.6.3 Other
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Trawl Ropes and Nets Market Size Forecast By Application
      11.10.1 Marine Aquaculture Industry
      11.10.2 Freshwater Aquaculture Industry
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Trawl Ropes and Nets Market Size Forecast By Distribution Channel
      11.14.1 Online
      11.14.2 Offline
   11.15 Basis Point Share (BPS) Analysis By Distribution Channel
   11.16 Absolute $ Opportunity Assessment By Distribution Channel
   11.17 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Asia Pacific Trawl Ropes and Nets Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Trawl Ropes and Nets Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Trawl Ropes and Nets Market Size Forecast By Type
      12.6.1 Large Size
      12.6.2 Medium Size
      12.6.3 Other
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Trawl Ropes and Nets Market Size Forecast By Application
      12.10.1 Marine Aquaculture Industry
      12.10.2 Freshwater Aquaculture Industry
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Trawl Ropes and Nets Market Size Forecast By Distribution Channel
      12.14.1 Online
      12.14.2 Offline
   12.15 Basis Point Share (BPS) Analysis By Distribution Channel
   12.16 Absolute $ Opportunity Assessment By Distribution Channel
   12.17 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Latin America Trawl Ropes and Nets Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Trawl Ropes and Nets Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Trawl Ropes and Nets Market Size Forecast By Type
      13.6.1 Large Size
      13.6.2 Medium Size
      13.6.3 Other
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Trawl Ropes and Nets Market Size Forecast By Application
      13.10.1 Marine Aquaculture Industry
      13.10.2 Freshwater Aquaculture Industry
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Trawl Ropes and Nets Market Size Forecast By Distribution Channel
      13.14.1 Online
      13.14.2 Offline
   13.15 Basis Point Share (BPS) Analysis By Distribution Channel
   13.16 Absolute $ Opportunity Assessment By Distribution Channel
   13.17 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Middle East & Africa (MEA) Trawl Ropes and Nets Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Trawl Ropes and Nets Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Trawl Ropes and Nets Market Size Forecast By Type
      14.6.1 Large Size
      14.6.2 Medium Size
      14.6.3 Other
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Trawl Ropes and Nets Market Size Forecast By Application
      14.10.1 Marine Aquaculture Industry
      14.10.2 Freshwater Aquaculture Industry
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Trawl Ropes and Nets Market Size Forecast By Distribution Channel
      14.14.1 Online
      14.14.2 Offline
   14.15 Basis Point Share (BPS) Analysis By Distribution Channel
   14.16 Absolute $ Opportunity Assessment By Distribution Channel
   14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Competition Landscape
   15.1 Trawl Ropes and Nets Market: Competitive Dashboard
   15.2 Global Trawl Ropes and Nets Market: Market Share Analysis, 2021
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Avient Corporation
      15.3.2 Jaya Nets Sdn. Bhd.
      15.3.3 Garware Technical Fibres Ltd.
      15.3.4 AKVASERVIS
      15.3.5 AS Fiskevegn
      15.3.6 Dynamica Ropes
      15.3.7 Bridon-Bekaert
      15.3.8 Hampidjan Australia
      15.3.9 Tufropes Pvt Ltd.
      15.3.10 Coastal Nets Limited

Purchase Premium Report

FAQ Section

Some frequently asked questions about this report!

Key players competing in the Global market are 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

Asia Pacific is likely to dominate the Trawl Ropes and Nets market during the forecast period.

Growing demand for seafood products and rising popularity of aquaculture expected to drive the market growth during forecast period.

Based on application, Marine aquaculture industry segment constituted a key share of the Trawl Ropes and Nets market in 2022.

The trawl ropes and nets market is expected to reach USD 538.7 Mn, expanding at a CAGR of 5.20% by the end of 2031.