Industry Background:
Fishing nets are meshed material create by twine and cord, which used for catching fish or other animal. There is various type of material is used to made fishing net including flaxes, grass, wool, and silk. Some of fishing nets are made from artificial polyamides such as nylon. Moreover, the creators of fishing nets could be focusing more on using materials which could be re-used once they are spoiled, for implementing higher cost-effectiveness. Globally, a significant number of people are reliant on fishing as their livelihood and growing execution of aquaculture in numerous regions is anticipated to drive the global fishing nets market.This growth is primarily driven by Rising Demand for Fish
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Million Square Meters |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Miller Net Company Inc. (United States), Siang May (Singapore), Magnum polymers Pvt. ltd. (India), Brunsonnet and Supply Inc. (United States), Memphis Net and Twine (United States), Viet AU ltd. (Vietnam), Nitto Seimo (Japan), Naguara Net Co. Inc. (Japan), Jaya Nets (Malesia), Renco Nets (United Kingdom) and Supreme fishnet industries (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2023, Miller Environmental Group Inc., a Calverton, New York-based portfolio company of GenNx360 Capital Partners, New York, has acquired Stamford, Connecticut-based Herbert Recovery Systems (HRS), a hazardous waste management company. this acquisition combines the strengths of both companies, creating a more robust organization with increased resources and capabilities.
In August 2020, Teijin Limited and Kinoshita Fishing Net Mfg. Co., Ltd. jointly announced that they have developed the world’s first high-performance knotless fishing net made with an ultra-high molecular weight polyethylene (UHMWPE) film. Kinoshita Fishing Net will begin selling MX-4 made with Teijin’s Endumax® fishing nets for purse seine net fishing and later for traps, fish farms and trawling.The global fishing nets market is fragmented due to the presence of several companies such as Miller Net Company Inc. (United States), Siang May (Singapore), Magnum polymers Pvt. Ltd. (India), Brunsonnet and Supply Inc. (United States) and Memphis Net and Twine (United States). For gaining market share companies need to developed there research and development activities and launching new products.
Influencing Trend:
High Adoption of Re-Usable Plastic for Manufacturing Fishing Nets and Growing Demand for Commercial Use
Market Growth Drivers:
Rising Demand for Fish and Prominent Expansion of the Fishing Industry
Restraints:
Government Regulation of Preserve Sea- Animal
Opportunities:
Technical Advantages over Other Materials
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Fishing Nets Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Fishing Nets Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Fishing Nets players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fishing Nets Study Sheds Light on
The Fishing Nets Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fishing Nets industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fishing Nets industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.