As per Future Market Insights, the agricultural fabrics market is anticipated to attain a value pool of US$ 15 billion by 2023-end. Global demand for agricultural fabrics is expected to rise at a CAGR of 4.4% to US$ 23 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of Agricultural Fabrics in 2023 | US$ 15 billion |
| Projected Market Value of Agricultural Fabrics in 2033 | US$ 23 billion |
| Growth Rate (2023 to 2033) | 4.4% CAGR |
Agricultural Fabrics are crucial in meeting the need for Higher Crop Yields
Urban Farming trend creates opportunities for Agricultural Fabrics Market
Automation and robotics shaping the Agricultural Fabrics Market
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According to a latest study on Agricultural Fabrics market, sales of Agricultural Fabrics are projected to increase at around 4.7% CAGR over the next ten years (2023 to 2033). Rising product demand in the agriculture sector for better crop quality & increased productivity and technological advancements are expected to drive the market over the forecast period.
An increase in product usage in various sectors, including aquaculture and horticulture, is expected to have a positive impact on the market growth.
The benefits of agricultural fabrics market are Increase crop production, Avoid the soil from drying out and decrease the requirement of fertilizers, pesticides and water.
Agricultural fabrics can be classified into woven, nonwoven and knitted fabrics applied for agricultural and horticultural uses covering livestock protection, shading, weed and insect control, and extension of the growing season. The essential properties required are Strength, elongation, stiffness, porosity, bio-degradation, resistance to sunlight and resistance to toxic environment.
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The demand for organic and naturally-derived snacks is increasing around the globe, reflecting a marked change in consumption trends around the world.
Agricultural fabrics such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls.
Moreover, the market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture.
The market in North America expected to grow at a significant rate over the forecast period, which can be attributed to a rise in product demand for high-quality agricultural products.
A positive outlook for agriculture and aquaculture is projected to uplift the regional market over the forecast period.
Growing awareness about nutritional diet is expected to promote the demand for dietary supplements, which is likely to increase fish consumption. This will boost the product demand, thereby supporting regional market growth.
The market faces numerous challenges coping with the complexity of manufacturing processes, higher production costs, and fluctuating prices of raw materials, such as nylon, polyester, and wool.
Technological developments and R&D investments for developing novel technologies are expected to offer ample scope for market growth over the forecasted period.
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Asia-Pacific is a prominent market for these fabrics given the extensive agricultural production activities of many developing economies of the region.
The main reason for the region’s preeminent position in the market is the excessive reliance of the developing economies of India and China on agriculture.
Added to this is the high population of these and other countries in the region, which has exacerbated the need for greater agriculture productivity.
As a result, the demand new-age materials and tools such as Agro textiles in the farming sector are expected to soar in the forthcoming years.
Some of the leading manufacturers and suppliers of Agricultural Fabrics include
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Agricultural Fabrics Market
