New York, United States, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The Global Fishing Nets and Aquaculture Cages Market Size is to Grow from USD 2.98 Billion in 2023 to USD 4.27 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.66% during the projected period.
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Fishing net mesh structures are made from synthetic fibers or natural materials like cotton and nylon, which are woven or knotted combined. They come in a variety of sizes and forms, including cast, trawl, seine, and gill nets. Aquaculture cages are floating or submerged cages made of netting or mesh materials that are placed in controlled environments such as ponds, lakes, rivers, or oceans to store and raise fish, shellfish, and other aquatic species. Fishing nets are a cost-effective and efficient way to catch a variety of fish species. The increasing population is driving the demand for fish products. An increase in the market for seafood products can result in a greater requirement for fishing nets and cages used in aquaculture. A few factors that could lead to an increase in the market are rising consumer health consciousness and disposable income. The market growth pattern has been significantly impacted by the development of synthetic fibers for manufacturing, the growing public awareness of the need for efficient fishing gear, and the growing popularity of fishing equipment. However, the costly initial expenses of building nets for fishing and aquaculture are expected to restrict growth in the market. Moreover, the complex production process will restrict market growth.
Browse key industry insights spread across 220 pages with 100 Market data tables and figures & charts from the report on the "Global Fishing Nets and Aquaculture Cages Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Fishing Nets and Aquaculture Cages), By Application (Marine Water and Inland Water), By End User (Individual Use and Commercial Use), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The fishing nets segment is anticipated to hold the greatest share of the global fishing nets and aquaculture cages market during the projected timeframe.
Based on product type, the global fishing nets and aquaculture cages market is divided into fishing nets and aquaculture cages. Among these, the fishing nets segment is anticipated to hold the greatest share of the global fishing nets and aquaculture cages market during the projected timeframe. The term "fishing net" refers to the rise in fishing operations for both food and commercial purposes.
The marine water segment is predicted to hold the greatest share of the global fishing nets and aquaculture cages market during the estimated period.
Based on application, the global fishing nets and aquaculture cages market is divided into marine water and inland water. Among these, the marine water segment is predicted to hold the greatest share of the global fishing nets and aquaculture cages market during the estimated period. The increase of brackish water areas, underutilized water bodies, and other appropriate spots along the expansive coastlines of South Asian countries is supporting the development of the marine water segment.
The commercial use segment is anticipated to hold a significant share of the global fishing nets and aquaculture cages market during the projected timeframe.
Based on end user, the global fishing nets and aquaculture cages market is divided into individual use and commercial use. Among these, the commercial use segment is anticipated to hold a significant share of the global fishing nets and aquaculture cages market during the projected timeframe. Fishing is becoming a more desirable career option, thus the commercial use market is going to make the most money.
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Asia Pacific is expected to hold the largest share of the global fishing nets and aquaculture cages market over the forecast period.
Asia Pacific is expected to hold the largest share of the global fishing nets and aquaculture cages market over the forecast period. Due to the perfect water quality in the Asia Pacific region, fish and other aquatic species are known to grow in India. Using estimations from the Food and Agriculture Organization (FAO), the region produced over 89% of all fisheries and aquaculture products worldwide.
North America is predicted to grow at the fastest pace in the global fishing nets and aquaculture cages market during the projected timeframe. In North America, the market for fishing operations is expanding organically, and the number of people who eat fish is also gradually increasing, which benefits the worldwide market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global fishing nets and aquaculture cages market include Magnum Polymer, Siang May Pte Ltd., Nitto Seimo, Yuanjiang Fuxin Netting, Memphis Net and Twine, Siang May, Viet AU, Brunsonnet and Supply, Miller Net Company, Naguara Net, Garware Technical Fibres Ltd., Tufropes Pvt Ltd., Sagar Aquaculture Private Limited., Officine Maccaferri Spa, and Other key vendors.
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Recent Developments
- In October 2022, To increase productivity and cut expenses, Brunson Net and Supply invested in automated manufacturing techniques. To extend the life of their products, they also launched new fishing net repair and maintenance services.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global fishing nets and aquaculture cages market based on the below-mentioned segments:
Global Fishing Nets and Aquaculture Cages Market, By Product Type
- Fishing Nets
- Aquaculture Cages
Global Fishing Nets and Aquaculture Cages Market, By Application
- Marine Water
- Inland Water
Global Fishing Nets and Aquaculture Cages Market, By End User
- Individual Use
- Commercial Use
Global Fishing Nets and Aquaculture Cages Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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