The Worldwide Agricultural Textiles Industry is Expected to Reach $19 Billion by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Agricultural Textiles Market by Fiber Material (Nylon, Polyester, PE, PP, Natural Fiber), Fabric Formation Technology (Woven, Knitted, Nonwoven), Product Type (Shade Nets, Mulch Mats), Application, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Agricultural Textiles Market is projected to grow from USD 14.6 billion in 2021 to USD 19 billion by 2026, at a CAGR of 5.4% between 2021 and 2026. The key factor driving the growth of the market is increase in the area for greenhouse-protected cultivation.

Outdoor agriculture application segment is estimated to be the largest segment of the Agricultural Textiles market

Agricultural activities in uncontrolled environment such as fields and orchards are highly influenced by the environmental conditions. Fruits plantation such as apples require continuous attention to provide a good yield. In open environment crops can be easily destroyed by harsh sunlight or heavy rainfall, in colder regions colder temperatures and hail can lead to less yield.

Sunscreens, Anti-hail nets, anti-bird nets, ground covers, mulch nets are the commonly used textiles for outdoor agriculture. The textile used for outdoor purposes need high resistance to weather condition and resistance to abrasion. The use of agrotextile has been increasing and governments have been promoting the use by launching schemes.

Ground covers are highly effective in reducing the effects of UV rays on the soil hence preventing depletion of nutrients. The use of ground covers also help in regulating moisture and air flow in the soil.

Asia Pacific is the forecasted to be the fastest-growing Agricultural Textiles market during the forecast period

Asia Pacific is the largest agricultural textiles market globally. The growth is mainly attributed to the region's rising population. In addition, the demand is shifting to the Asia Pacific region due to economic contraction and saturation in the European and North American markets. Agricultural textiles manufacturers are targeting this region, as it is currently the strongest regional market. India is an agriculture-based economy. Increased cultivation is meeting the rising food demand of the population.

Due to the depleting arable land, the need for controlled agriculture has increased. Thus, the demand for agricultural textiles has grown. The demand for agricultural textiles is expected to increase in Singapore, Malaysia, Australia & New Zealand, and Indonesia because of the significant production and utilization of agricultural textiles expected in these countries between 2021 and 2026.

Market Dynamics

Drivers

• Global Focus on Increasing Agricultural Output
• Importance of Controlled Agriculture in Greenhouses
• Increased Demand for Greenhouse-Cultivated Crops

Restraints

• Volatility in Raw Material Prices

Opportunities

• Advancements in Technology
• Opportunities in Horticulture

Challenges

• Crop Protection and Weed Management

Companies Mentioned

• B&V Agro Irrigation Co.
• Badinotti Group S.p.A.
• Beaulieu Technical Textiles
• Belton Industries, Inc.
• Diatex SAS
• Drape Net Pty. Ltd.
• Garware Technical Fibres Limited
• Helios Group S.R.L.
• Hunan Xinhai Co. Ltd.
• Hy-Tex (UK) Ltd.
• Ludvig Svensson
• Memphis Net & Twine Co. Inc.
• Meyabond Industry & Trading (Beijing) Co. Ltd.
• Miller Net Company, Inc.
• Nagaura Net Co. Inc.
• Neo Corp International Ltd.
• Nitto Seimo Co. Ltd.
• Phormium
• Siang May Pte. Ltd.
• Zhongshan Hongjun Nonwovens Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/od03ln