USD 5.03 Billion
Report ID:
SQMIG25K2072 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
61
|Figures:
75
Global Agro Textile Market size was valued at USD 5.03 Billion in 2022 and is poised to grow from USD 5.27 Billion in 2023 to USD 7.67 Billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031).
Global Agro Textile Market is a rapidly growing industry, driven by the increasing demand for food production and the need for sustainable agricultural practices. Agro textiles are specialized textiles that are used in agriculture to improve crop yields, protect plants from harsh weather conditions, and conserve water and other resources. One of the key drivers of the agro textile market is the growing population and the subsequent increase in demand for food. According to the United Nations, the world population is projected to reach 9.7 billion by 2050, which will require a 70% increase in food production. Agro textiles can help achieve this increase in production by improving crop yield and quality. Another important driver of the market is the need for sustainable agricultural practices. Agro textiles can reduce the need for harmful chemicals and pesticides by protecting crops from pests and disease. They can also conserve water by reducing evaporation and controlling soil moisture. The growing awareness and focus on sustainable agriculture are expected to drive the demand for agro textiles in the coming years. However, there are also some restraints to the market, including the high cost of production and the limited availability of raw materials. The use of agro textiles can also require specialized knowledge and training, which can be a barrier for some farmers.
Despite these challenges, there are several key trends and opportunities in the agro textile market. One trend is the increasing use of biodegradable and eco-friendly materials in agro textiles, which can reduce environmental impact and improve sustainability. There is also growing demand for precision agriculture, which uses technology and data to optimize crop production and reduce waste. In terms of opportunities, the Asia Pacific region is expected to be the fastest growing market due to the increasing adoption of advanced agricultural practices and the growing population. The use of agro textiles in greenhouse farming is also expected to drive the market in the coming years.
US Agro Textile Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.03 Billion
Largest Segment
Synthetic fibers
Fastest Growth
Natural fibers
Growth Rate
4.8% CAGR
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Global Agro Textile Market is segmented on the basis of material, type, and region. By material, the market is segmented into synthetic fibers and natural fibers. By type, the market is segmented into woven, non-woven, knitted and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Agro Textile Market Analysis By Material
In 2021, the synthetic fiber segment held the largest share of more than 70.30% of the total revenue in the global agro textile market. This segment dominated the market due to the high demand for synthetic fibers, which are highly durable, strong, resilient, and resistant to environmental factors such as moisture and fungi. They are also cheaper and easier to handle and manufacture than their natural counterparts. Nylon, a synthetic fiber made from crude oil, is further processed with other substances such as acids to form polymers that are extruded and spun into nylon fabric. However, the reliance on crude oil for production may impact demand in the future as oil reserves diminish.
The natural fibers segment is expected to witness the fastest growth rate in terms of revenue from 2022 to 2030. This is due to the increasing demand for organic produce and a focus on healthy living among consumers, leading to a surge in demand for agro products in various industries. There is also a growing focus on sustainability and environmental impact, leading to an increased use of natural fibers in agro textiles. Natural fibers are biodegradable, have high wet strength, and retain moisture well, making them an eco-friendlier option. Therefore, the easy and safe disposal of these textiles is expected to drive growth in this segment.
Agro Textile Market Analysis By Type
In 2021, the knitted agro textile segment held the largest share of the global agro textile market, accounting for more than 47.80% of the overall revenue. This can be attributed to the versatility of usage and ease of handling knitted fabric, making it suitable for a wide range of applications, including wind control, hail protection, and bird nets. Non-woven fibers are made through various methods, including chemical bonding, thermal fusion, and mechanical entanglement. The manufacturing process involves web formation, which imparts mechanical strength and adds further properties according to the end-use of the fiber.
Woven agro textile is produced using weaving machines like Sulzer projectile machines. These fabrics are resistant to shrinkage and weathering due to water, making them ideal for applications where the textile is likely to come into contact with moisture. Woven fabrics are thicker and sturdier than other textiles, making them suitable for protective applications such as agro product packaging. The long-term durability and high strength of woven textiles are expected to drive segment growth during the forecast period. However, the time-intensive and expensive production process may limit growth.
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In 2021, the Asia Pacific region dominated the global agro textile industry. The region's high share is driven by the growing demand for agro products due to a rise in population and changing consumer preferences. North America's diverse economy, supported by developed economies such as the U.S. and Canada, is also contributing to the industry's growth. Furthermore, increasing research and development activities into sustainable agricultural practices and the rising affinity for organic products are expected to boost the industry in the forecast period.
In Europe, the demand for agro textiles in the agriculture industry is expected to increase due to the rising efforts by governments to boost agricultural yield. However, climate change, concerns over environmental sustainability, and competition for scarce resources such as water are limiting agricultural productivity in the region. The Central and South America region is expected to grow significantly during the forecast period due to increasing demand from the agriculture and fishing industries. Moreover, high consumer awareness regarding agro products is expected to have a positive impact on the regional market during the forecast period.
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Agro Textile Market Drivers
Growing demand for food
Sustainable agricultural practices
Agro Textile Market Restraints
High initial cost
Limited availability of raw materials
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Global Agro Textile Market is highly fragmented, with the presence of several key players. Some of the major players operating in the market focus on product innovation, expansion, and partnerships to strengthen their market position. For instance, in February 2021, Beaulieu Technical Textiles partnered with Edana, a trade association for nonwoven and related industries, to launch a new sustainability report. The report aims to assess the progress of the nonwovens and related industries towards sustainability. Such initiatives are expected to increase the awareness and demand for sustainable agro textiles in the market.
Top Player’s Company Profiles in Agro Textile Market
Agro Textile Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Agro Textile Market analysis, the market is expected to grow significantly over the next few years due to increasing demand for sustainable agriculture practices, rising global population, and need for increased crop yields. The market is being driven by the use of agro textiles for crop protection, soil erosion control, and shading, as well as the development of smart textiles and the use of biodegradable materials. However, high initial costs and limited availability of raw materials may restrain market growth. The market is expected to continue to grow as the agriculture industry increasingly adopts new technologies and practices to address challenges related to climate change, food security, and sustainable resource management.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.03 Billion |
Market size value in 2031 | USD 7.67 Billion |
Growth Rate | 4.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Agro Textile Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agro Textile Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Agro Textile Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agro Textile Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25K2072
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