How much is the fishing net and aquaculture cage market worth, and how is it expected to expand?
The fishing net and aquaculture cage market size has grown strongly in recent years. It will grow from $2.71 billion in 2024 to $2.84 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to the increasing cost of raw materials, Increasing demand for seafood products, growing popularity of fishing equipment, increasing production and meeting consumer needs, and growth in marine farming.
The fishing net and aquaculture cage market size is expected to see steady growth in the next few years. It will grow to $3.42 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to the growing trend of aquaculture expansion, increasing cost of raw materials, growing popularity of fishing equipment, increasing global demand for seafood, and rising consumer awareness of sustainable seafood. Major trends in the forecast period include technological advancements, technological advancements in cage design, technological advancements in aquaculture, technological integration, and technological innovations in aquaculture systems.
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Which industry factors have accelerated the fishing net and aquaculture cage market’s expansion?
The rise in popularity of seafood products is expected to propel the growth of fishing net and aquaculture cage market going forward. Seafood products refer to a broad category of food derived from marine life, primarily including fish and shellfish. The rising availability of seafood products is driven by factors such as population and income growth, a shift towards greater seafood consumption, and the expansion of aquaculture. Fishing nets and aquaculture cages provide efficient and sustainable methods for harvesting and cultivating fish, enhancing the quality and availability of seafood products. For instance, in December 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government department, Australians consumed approximately 350,000 tones of seafood in 2021–22, averaging 13.8 kilograms per person. The value of fishery and aquaculture imports also rose by 2% to $2.19 billion, primarily due to an increase in prawn imports. Therefore, the rise in popularity of seafood products is driving the growth of the fishing net and aquaculture cage market.
What are the primary segments of the fishing net and aquaculture cage market?
The fishing net and aquaculture cagemarket covered in this report is segmented –
1) By Product Type: Fishing Nets, Aquaculture Cages
2) By Application: Marine Water, Inland Water
3) By End User: Individual Use, Commercial Use
Subsegments:
1) By Fishing Nets: Gill Nets, Trawl Nets, Seine Nets, Cast Nets, Trap Nets, Drift Nets, Beach Seines
2) By Aquaculture Cages: Floating Cages, Submersible Cages, Fixed Cages, Soft Cages, Hard Cages, Fish Farming Pens
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Which firms are leading the fishing net and aquaculture cage market?
Major companies operating in the fishing net and aquaculture cage market are Maccaferri, Garware Technical Fibers Ltd., Nitto Seimo Co. Ltd., King Chou Marine Technology Co. Ltd., Tufropes Pvt Ltd., Miller Net Company, Badinotti Group, Vónin, DanFish International, MøreNot AS, Memphis Net And Twine, Fibras Industriales S.A, Jaya Nets Sdn. Bhd., Hunan Xinhai, Siang May Pte Ltd., Sagar Aquaculture Private Limited., Aviary Netting Inc., Aqualine AS, Khon Kaen Fishing Net Factory Co. Ltd., Ching Fa Co. Ltd.
Which market trends are set to define the future of the fishing net and aquaculture cage market?
Major companies operating in the fishing net and aquaculture cage market are focused on developing long-fiber composites based on nylon to enhance sustainability and reduce ocean plastic waste. Long-fiber composites based on nylon refer to high-strength materials made by reinforcing nylon with long fibers, providing enhanced durability and performance for demanding applications. For instance, in February 2022, Avient Corporation, a US-based manufacturer of specialized polymer materials, launched Complet R, a new line of long fiber-reinforced composites, using post-consumer recycled nylon 6 sourced specifically from end-of-life fishing nets. This initiative tackles ocean-bound plastic waste by offering sustainable material solutions for a range of demanding applications. By incorporating nylon 6 PCR (post-consumer recycled) from discarded fishing nets, the composites help reduce ocean plastic pollution and promote environmental responsibility.
Which geographic trends are shaping the fishing net and aquaculture cage market, and which region has the highest market share?
Asia-Pacific was the largest region in the fishing net and aquaculture cage market in 2024. The regions covered in the fishing net and aquaculture cage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Fishing Net And Aquaculture Cage Market Report 2025 Offer?
The fishing net and aquaculture cage market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Fishing nets and aquaculture cages are tools used in aquatic environments for capturing and farming fish. Fishing nets, typically made of mesh, are used to catch wild fish by trapping or entangling them, while aquaculture cages are enclosed structures that house and rear fish in controlled environments, usually in open water. The nets used in aquaculture cages help keep the fish contained while protecting them from predators and ensuring water flow.
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