Fishing Nets Market - Growth, Trends And Forecast (2021 - 2026) By Types, By Application, By Regions and By Key Players - NICHIMO, WireCo WorldGroup (Euronete), AKVA Group, Nitto Seimo
02 Jan, 2020 | 120 Pages
Global Fishing Nets market Size will register a 4.9% CAGR in terms of revenue, the market size will reach $ 1827.1 million by 2026.
Fishing Nets Market Overview
Earlier, the fishing nets were made of grass, wool; flaxes, and silk while modern nets are comprised of a material such as nylon. The majority of fishing nets are made of nylon because of their durability, streangth, resistance to oil and other chemicals, easy wo wash benefit and low absorption to moisture. As far as net type is concerned, it can further be divided into hoop nets, gill nets, cast nets, and more. Hoop nets are tube-shaped with bait at the end and lines of hoops that are closed at the tail end. The gill nets are probably most effective as it has a wall-like structure and it allows the head of the fish to enter the net and doesn’t allow the fish to escape. Hoop nets are used for commercial use. Cast nets are circle-shaped with weights being distributed towards the side.
APAC is expected to be the leading customer of fish. Yet, the guidelines to protect the endangered sea animals’ species might hinder the growth of the fishing net market. Moreover, usage of re-usable plastic in order to create fishing nets will also have a significant impact on the market as it can help in reducing the ocean waste which is caused by damaged fishing nets that sees the death of numerous sea animals.
Industry News and Development:
The Asia Pacific is anticipated to hold a prominent share in the global market of fishing nets. Fishing in the Asia Pacific has been gaining rapid popularity Because of the presence of an elective variety of fish and other marine animals.
e.g., India was 14.2 million metric tons which constitute approx. 6.9 of global fish production.
North America is anticipated to witness growth in the global market of fishing nets. Miller Net com Inc. Memphis Net and Twine and Others within the region is predicted to drive the market in North America.
August: The move comes as Mørenot, which was itself bought by northern European investment fund FSN Capital last year, continues to expand. The acquisition of family firm Hvalpsund is the fourth time the FSN group has invested additional capital in Mørenot. The company now has sales worth more than NOK 1.2 billion and over 700 employees.
AKVA group acquire 33.7% of Observe Technologies
Feb: AKVA group has acquired 33.7% of the shares in Observe Technologies Ltd (Observe) to further strengthen its digital strategy. Partnership with AKVA has successfully sold and delivered their artificial intelligence (AI) feeding solutions to more than 20 farm sites in 5 different countries. With this new agreement, AKVA and Observe will continue to develop and leverage their complementary technologies and solutions using AI to partner with customers to improve fish performance.
Who are the Major Players in Fishing Nets Market?
Top Key Players in the Fishing Nets Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fishing Nets Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Miller Net Company Inc., Siang May, Magnum polymers Pvt. ltd., Brunsonnet and Supply Inc., Memphis Net and Twine, Viet AU ltd., Naguara Net Co. Inc., and SN, NICHIMO, WireCo WorldGroup(Euronet), Vónin, Nitto Seimo, AKVA Group, Hvalpsund, King Chou Marine Tech, Anhui Jinhai, Zhejiang Honghai, Anhui Jinhou, Qingdao Qihang, Hunan Xinhai, Yuanjiang Fuxin Netting, Scale AQ(Aqualine) and others.
Global Fishing Nets Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
What are the major Applications, Types, and Regions for Fishing Nets Market?
The fishing Nets Market is segmented based on the type, applications, companies, and regions.
By Type
★ Knotted Nets
★ Knotless Nets
★ Ваіt Nеtѕ
★ Саѕt Nеtѕ
★ Lаndіng Nеtѕ
By Аррlісаtіоn
★ Соmmеrсіаl Fіѕhіng
★ Реrѕоnаl Uѕе
By end user’s industry application
★ Individual Application
Regional Analysis
The report offers an in-depth assessment of the growth and other aspects of the Fishing Nets Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
The Asia Pacific is anticipated to hold a prominent share in the global market of fishing nets. Fishing in the Asia Pacific has been gaining rapid popularity Because of the presence of an elective variety of fish and other marine animals.
e.g., India was 14.2 million metric tons which constitute approx. 6.9 of global fish production.
North America is anticipated to witness growth in the global market of fishing nets. Miller Net com Inc. Memphis Net and Twine and Others within the region is predicted to drive the market in North America.
What is our Fishing Nets Market report scope?
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers, and so on to comprehend the prevailing market dynamics at present and their impact during the forecast period 2021-2026. The report presents the analysis of the Fishing Nets Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
Key Takeaways from this Fishing Nets Report
★ Evaluate Fishing Nets market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.
★ Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.
★ Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
★ Analyze the sales and distribution channels across key geographies to improve top-line revenues.
★ Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
★ Get a quick outlook on the Fishing Nets market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.
★ Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Post time: Feb-07-2022