PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324230
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324230
According to Stratistics MRC, the Global Agricultural Textiles Market is accounted for $15.9 billion in 2023 and is expected to reach $25.19 billion by 2030 growing at a CAGR of 6.8% during the forecast period. Textiles used in agriculture, horticulture, animal husbandry, and forestry are all categorized as agricultural textiles. For use in agriculture, a specific kind of textile is produced. Utilizing UV ray stabilizers helps to prevent soil from drying up, improve crop productivity, lower the need for pesticides, and give thermal protection. The most well-known products that can reduce greenhouse heating expenses by up to 40% include shade netting and thermal screens. Agricultural textiles can assist with a variety of issues, including environmental damage, water efficiency, energy savings, and product quality.
According to Harvard Business Review, a management magazine published by Harvard Business Publishing Food demand is expected to increase anywhere from 59% to 98% by 2050.
By 2030, the population of the world is anticipated to be over 8.5 billion. Due to high population growth, the need for food is anticipated to rise, particularly in regions like Eastern Europe, Central Asia, Latin America, and Asia, there is an expanding in need for food puts strain on agricultural productivity. By implementing technology like greenhouses and controlled agriculture, it will be possible to meet the significant increase in demand for agricultural products. Agricultural textiles reduce soil erosion, provide nutrients, raise soil temperature, inhibit the growth of weeds, and contribute to increasing crop quality and agricultural output.
The market is experiencing difficulties as a result of rising prices for basic materials. Changes in consumer needs, rising energy prices, and patterns of international trade all have an impact on it. Given the unpredictability of raw material costs, which continues to have an impact on their financial performance, the majority of agricultural textile companies struggle to maintain profit margins. Given that the Middle East controls the production of crude oil, oil prices there have a significant impact on the price dynamics of polypropylene. The market becomes unstable due to an oversupply of crude oil, which lowers its pricing. As a result, several producers try to reduce their output in order to keep prices stable.
Because of resource scarcity, climate change, and population growth, there is a great deal of pressure on the sustainability of the food supply. Disruptions in the food supply chain led to a considerable rise in prices, which in turn led to further worries. Opportunities in horticulture have surfaced as a result of the current unpredictability. Globally, there has been an uptick in recent years in trends toward sustainability and green energy. One of the newest trends is ""urban horticulture,"" which offers a number of opportunities. A workable idea is urban horticulture, which can supply cities with an adequate amount of healthy, fresh food to ensure food security.
The Food and Agriculture Organization estimates that a 70-100% increase in world food production is required to feed this population. Crop production faces numerous biotic and abiotic restrictions in addition to socioeconomic and crop management-related challenges. Weeds are the most significant biological barrier to agricultural output in both developed and developing nations. In general, pathogens like fungi, bacteria, etc. and less dangerous animal pests like rodents, insects, nematodes, birds, and mites present the biggest potential yield loss to crops.
COVID-19 has had a substantial economic impact on several financial as well as industrial industries, such as manufacturing, travel and tourism, and aviation. According to the IMF and World Bank, the worst economic decline is projected for 2020-2021. With the growing number of countries imposing and extending lockdowns, economic activities are declining, impacting the global economy. However, one of the major reasons driving the growth of the agriculture textile manufacturing industry is the tremendous growth in the agricultural business as well as the augmented global business of agricultural products. Thus, COVID-19 had a major impact on the growth of the agricultural textile market.
The polyethylene segment held the largest share in the market owing to the increasing demand with a variable crystalline structure and a variety of uses depending on the kind, polyethylene is a thermoplastic polymer. One of the most popular materials for agro-textiles is PE, which is a little more expensive than polypropylene. HDPE fabrics are used in agricultural items on farms to shield the crops from harmful UV rays and inclement weather. For applications involving weaving, braiding, and twisting, HDPE yarns are good foundational materials. Their technical features make them acid and alkali resistant. This material is used to weave agro textiles such shade nets, filters, commercial textiles, and upholstery fabrics.
During the projection period, the horticulture segment is expected to have the greatest CAGR. Horticulture plays a crucial role in the agricultural textiles market, where various specialized textile products are employed to enhance crop cultivation and protect plants. Agricultural textiles, such as shade nets, crop covers, frost protection fabrics, and mulch films, are extensively utilized in horticulture to optimize growing conditions and increase crop yields. These textiles offer benefits like temperature regulation, UV protection, pest and disease control, and water conservation.
The North America region market is estimated to witness the highest share of the global Agricultural Textiles market during the forecast period, this sector encompassed a wide range of innovative products such as shade nets, greenhouse films, crop covers, and geotextiles, among others, designed to improve crop productivity, protect against adverse weather conditions, and promote sustainable agricultural practices. North America's vast agricultural landscape, including the United States and Canada, provided a strong foundation for the adoption of these technologies. Moreover, increasing awareness of the importance of sustainable agriculture and environmental conservation further drove the demand for agricultural textiles in the region.
The Asia Pacific region is expected to have the highest growth rate over the forecast period. This industry encompasses a wide range of products, such as shade nets, agro textiles, greenhouse films, and crop covers, among others, which are used to enhance agricultural practices. The region's vast and diverse agricultural landscape, combined with a rapidly growing population and increasing demand for food, drives the adoption of these innovative textile solutions. Additionally, governments in various countries are increasingly focusing on sustainable agricultural practices and resource conservation, further fueling the demand for agricultural textiles.
Some of the key players in Agricultural Textiles market include: B&V Agro Irrigation Co., Badinotti Group S.P.A., Beaulieu Technical Textiles, Belton Industries, Diatex, Drape Net Pty LTD, Helios Group S.R.L., Hunan Xinhai CO., LTD., Hy-Tex (UK) Limited, Memphis Net & Twine CO., INC., Meyabond Industry & Trading, Miller Net Company, INC., Nagura Net CO., INC., Neo Corp International Limited., Nitto Seimo CO., LTD., Phormium, Siang May Pte LTD., SRF Limited, Tama and Zhongshan Hongjun Nonwovens Co., Ltd.
In January 2022, Belton Industries Launched Beltech 1547 A 2.2 oz/sy leno weave windbreak fabric with approximately 50% open area. The open mesh design reduces wind speed without creating turbulence
In December 2021, Diatex presented in the world's leading trade fair IPM ESSEN 2020 for horticulture that took place in Germany. The company will present a tailor-made plant protection system and other crop field protection products at the IPM ESSEN
In July 2021, Beaulieu Technical Textiles launched Argolis WH FR which was the very first halogen-free, flame-retardant reflective woven groundcover.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.