The global agro textile market accounted for about USD 9.8 Billion in 2019. Growing demand for fishing nets and anti-hail nets are anticipated to remain some of the major drivers for the global agro textile market in the near future. Demand for organic food products is increasing due to awareness associated with fitness and wellness among people. Besides, there is an increasing use of agro textiles in floriculture, culmination and vegetable farming applications. Rising awareness and training related to organic farming in farmers through various schemes and workshops organized by authorities and non-government groups is fueling the demand for agro textile market further. Favourable government regulations are also projected to impact this sector. For instance, the Indian government’s aggressive merchandising for shade nets through NHB and NHM is also predicted to increase the development in this market.
Asia pacific is the dominant region in the agro textile market due to favorable climatic situations and considerable availability of farming land. China is one of the world’s largest exporter of agro textile. Major driving force for the increasing agro textile need in the Asia Pacific region is mainly due to the very best awareness of horticulture floriculture industry in this region.
Associations such as Sustainable Agriculture Network (SAN), AGRA (important in Africa), and GLOBAL G.A.P. Academy provide expertise to farmers globally to setup requirements and reap new heights inside the subject of food development. Prevalence of schemes and certifications given by government including Integrated Farm Assurance (IFA), The International Gold Standard in Farm Certification, and GFSI schemes in agriculture have advanced standardization in merchandise and production methods.
The demand for color nets are one of the crucial driving factors. They are in most cases dependent on its usage in floriculture and horticulture. Technological advancements in the horticulture sector coupled with development of particle, multilayer and UV protection films, so that one can enhance yield productiveness is anticipated to reinforce market growth for color net merchandise over the estimated period.
Impact of COVID19
The need for the fabric products and its sales have come right down to a grinding halt due to the panic situation owing to the outbreak of COVID-19. The spread of the virus in China, which later spread to Europe and the U.S. have majorly impacted as they are big markets for Indian textile merchandise.
Many garment or fabric factories in China have halted operations due to the outbreak of coronavirus, adversely affecting exports of fabric, yarn and different raw materials from India. The disruption is expected to decrease cotton yarn exports to about 50%, leading to a severe impact on the spinning mills in India. Due to this slowdown, textile units may be hampered in making annual interest and payments to monetary institutions, thereby defaulting their dues. This can even adversely impact the requirement from cotton farmers, who have been already witnessing subdued costs and fear that the stated price can also fall in addition if the China crisis maintains unabated. Countries such as Vietnam and Pakistan have zero duty access to China while India’s exports to China face a levy of about 3.5-4%. This has adversely impacted the cotton yarn exports in countries such as India.
Due to the COVID-19 situation, the direction to shut down the malls and retail outlet with a view to control the situation at early stage has resulted in reduction of sales of the domestic textiles and clothing globally. Therefore, there has been an imbalance regarding the loans taken by traders from banks. In countries such as India, the government is repaying the principal and interest amount to the bank for four quarters (1st April 2020 to 31st March 2021). Furthermore, CITI (the Confederation of Indian Textile Industry) has sought measures including removal of basis customs duties and anti-dumping duties levied on the imports of raw material such as dyes and chemical, spares, intermediaries, and accessories among others.
Get a sample copy of the agro textile market report, visit: https://www.reportsanddata.com/sample-enquiry-form/3128
Future key finding of the report
- The global agro textiles demand valued at about USD 9.8 Billion in 2019 and is anticipated to reach to about USD 14.5 Billion in 2027. Agrotech possess various benefits such as protection from pest, mild or hail, lightweight, biodegradability, resistance to microorganisms, and high capacity to maintain water.
- The demand for the woven type valued at USD 3.0 Billion in 2019 and it is projected to witness moderate growth during the forecast period. This type is mainly used for the constructions that are employed for wind and hail protection.
- Aquaculture is projected to be the fastest application growing at a CAGR of 5.2% in terms of revenue from 2019 to 2027. Rising importance of fish for applications aside from meals, inclusive of manufacturing of nutraceuticals and nutritional supplements, has been considered one of the number one element for the growth of this sector.
- The demand for aggrotech merchandise for animal husbandry inside the Middle East Africa valued about 4.0 kilo tons in 2017 and is expected to grow at a CAGR of 2.4% over the upcoming years.
- Major corporations actively operating inside the industry consist of Beaulieu technical textile, Belton Industries Ltd., Bv Agro Irrigation Co., Capatex Ltd., Diatex, Hebel Aining Import and Export, Hy-Tex Limites, Meyabond Industry Trading Co Ltd., Neo Corp International Ltd. and SRF Ltd.
To know more about the latest insights of the report, visit: https://www.reportsanddata.com/request-latest-insight/3128
Type Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Woven
- Nonwoven
- Knitting
- Others
Product Industry Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Fishing nets
- Anti-hail nets
- Bird protection nets
- Mulch-mats
- Shade nets
- Others
Application Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Agriculture
- Aquaculture
- Floriculture
- Horticulture
- Husbandry
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- U.S
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3128
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter |
