About Monofilament Fishing Line
Monofilament fishing line is a fishing line which is made up of a single fiber of plastic. Most of the fishing lines which are used now are mainly monofilament due to the fact that these monofilament fibers are cheap for the production and are usually produced in a wide range of diameters that have various tensile strengths. These monofilament fishing lines are also manufactured in various colors, like clear, white, blue, red, green, and fluorescent. Monofilament is objectively buoyant by its nature and is hence very effective in fishing topwater baits as well as the lures which need a line so as to neither sink nor float, like the hard jerk baits. Additionally, these monofilament lines have long been used as a backing up for the fishing reels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
The Global Monofilament Fishing Line Market Is Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Is Also Acquiring Start-Ups. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Monofilament Fishing Line market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rapala (Finland), Sunline (United States), Pure Fishing Inc. (United States), Toray Industries (Japan), Shimano Inc. (Japan), Maxima Fishing Line (United States), Momoi Fishing Net Mfg. Co. Ltd. (Japan), Xiamen Fortune Fishing Trading Co. Ltd. (China), Ultima (United Kingdom) and Kureha Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Daiwa-Cormoran (Germany), Ande Monofilament (Australia) and Mercan Ltd. (Turkey).
Segmentation Overview
AMA Research has segmented the market of Global Monofilament Fishing Line market by Type (Below 0.20 mm, 0.20-0.40 mm, 0.40-0.80 mm and Above 0.80 mm), Application (Freshwater Fishing and Saltwater Fishing) and Region.
On the basis of geography, the market of Monofilament Fishing Line has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Monofilament Fishing Line market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. PE will boost the Monofilament Fishing Line market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Population Moving Towards Seafood Would, in turn, Increase the Growth of the Market
Market Growth Drivers:
Increasing Fish Industry, Ease in Handling Than Other Braided Lines and Smooth Running through the Guides
Challenges:
Unawareness About the Monofilament Fishing Line
Restraints:
Stringent Government Regulation Can Hamper the Market Growth
Opportunities:
The Rise in the Manufacturing Upgrading Technology
Market Leaders and their expansionary development strategies
In April 2023, Beaufort County has partnered with Hilton Head Island-Bluffton Chamber of Commerce's Leadership Program to promote "Reel In and Recycle"--encouraging all anglers and the public to recycle fishing line and educate the public on the dangers and nuisance improperly discarded fishing line can be to both wildlife and boaters
In August 2023, Sugarloaf Marina is excited to launch the ‘Clear Your Gear’ initiative that aims to prevent improperly discarded fishing line that could potentially cause entanglement concerns for people, boats, and wildlife.
Key Target Audience
Monofilament Fishing Line Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.