Global Agro Textiles Market 2019-2026
According to the Indian Chamber of Commerce, the Indian technical textile market will likely reach $32 billion by 2026. The market is expected to grow at a CAGR of over 12% during 2019-2026. This is not surprising, as increasing investment in technical textiles (an umbrella term for textiles which value function over aesthetics) and rising demand for horticulture around the world is expected to drive growth. Agro textiles serve the rising demand for food, cosmetics, and other products by driving the growth of horticulture. These textiles play a key role in securing temperatures, humidity, and other factors like pesticides in order to help produce quality and reliable agricultural products.
Major players in the global Agro Textiles market include:
CriadoyLópezSLCriado y Lopez SL
BENIPLAST – BENITEX
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Based on type, the agro textiles market is segmented into shade net, ground cover, crop cover, insect net, pond liners, and mulch mat. Among these, the pond liners are worth watching out for. The dwindling stock of fish in the ocean are expected to drive growth for aquaculture around the world, and high rates of fish products are expected to create significant opportunities for players in this segment. Moreover, the agro textiles market is segmented on the basis of end-application into agriculture, horticulture, forestry, and animal husbandry. The rise of 3D printing is also driving new demand for technical textiles into space and defence applications.
The global agro textiles market will witness robust competition among regions in the near future. China, one of the largest producers of technical textiles, has seen lowering demand due to increasing costs over the years. Moreover, the country also imports significant portion of technical textiles from the US, Japan, and Europe. The report will cover all the regions in depth with a key focus on the regions of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In May 2018, the Indian textiles sector witnessed a major in-flow in investments amounting to Rs 27,000 crore (US$ 4.19 billion) since June 2017. Additionally, the Indian government announced special packages to boost exports worth US$31 billion for the sector. It amended its existing AMTUFS fund to specifically support technical textiles. Movements like these are seen around the world; China directed 80% of its potential investments in its signature Belt & Road initiative to bolster the textile industry. Technical textiles, which value function over aesthetics, are ideal from the point of view of exports and reliable for job creation. Hence, the investments are likely to flow-in the market in the near future.
Table of Contents:
1 Agro Textiles Market Overview
2 Global Agro Textiles Market Landscape by Player
3 Players Profiles
4 Global Agro Textiles Production, Revenue (Value), Price Trend by Type
5 Global Agro Textiles Market Analysis by Application
6 Global Agro Textiles Production, Consumption, Export, Import by Region (2014-2019)
7 Global Agro Textiles Production, Revenue (Value) by Region (2014-2019)
8 Agro Textiles Manufacturing Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
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