Global Fishing Net and Aquaculture Cage Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fishing Net and Aquaculture Cage Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fishing nets and aquaculture cages are nets used for fishing and aquaculture. They are devices made from fibers woven in a grid-like structure. Fishing nets and aquaculture cages are usually meshes formed by knotting a relatively thin thread. Modern nets are usually made of artificial polyamides like nylon, although nets of organic polyamides such as wool or silk thread were common until recently and are still used.

Market Overview:

The latest research study on the global Fishing Net and Aquaculture Cage market finds that the global Fishing Net and Aquaculture Cage market reached a value of USD 5962.44 million in 2022. It’s expected that the market will achieve USD 7669.0 million by 2028, exhibiting a CAGR of 4.28% during the forecast period.

Market Challenges

The fishing Net and Aquaculture Cage market has a relatively low concentration, and the market is generally fragmented. Although to a certain extent, it has great development space for new entrants, but it is difficult for producers in this industry to have advantages in scale and brand building.

Market Risks/Restraints

Changes in the number of fish populations are caused by changes in fishing intensity, changes in environmental conditions such as water temperature, salinity, and ocean currents, and fluctuations in bait quantities. Among them, fishing activities are the most important factor. Over half of the fisheries in the world are overfished. The increase in fishing activities will directly lead to the reduction of fish populations. The decrease in fish populations may lead to the decline of the fishing net market.
Secondly, abandoned fishing nets have become an important component of marine litter. These abandoned fishing nets will not only restrict fish activities but will also affect the marine ecosystem in a large area.

Region Overview:

In 2022, the share of the Fishing Net and Aquaculture Cage market in China stood at 68.10%.

Company Overview:

AKVA Group is one of the major players operating in the Fishing Net and Aquaculture Cage market, holding a share of 3.13% in 2023.

AKVA Group

AKVA group is a global technology and service partner that deliver technology and services that helps solve biological challenges within the aquaculture industry. Good operational performance and fish welfare ensures sustainability and profitability for the customer.

Egersund Net

Egersund Net AS manufactures textile products. The Company offers rope, cable, cordage, twine, and fish farming nets, as well as marking lights, fillet instruments, mending equipment, and delousing tarpaulins. Egersund Net conducts business operations throughout Norway.

Segmentation Overview:

Among different product types, Aquaculture Nets & Equipment segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Aquaculture Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fishing Net and Aquaculture Cage market covered in Chapter 3:

NOFI
Dyneema
Hunan Xinhai
Anhui Jinhou
Hvalpsund
Anhui Jinhai
Vónin
Anhui Risheng
King Chou Marine Tech
Møenot
Netmark
Maccaferri Corporate
Egersund Net
Qingdao Qihang
AKVA Group
Aqualine

In Chapter 4 and Chapter 14.2, on the basis of types, the Fishing Net and Aquaculture Cage market from 2018 to 2029 is primarily split into:

Industrial Fishing Equipment
Aquaculture Nets & Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fishing Net and Aquaculture Cage market from 2018 to 2029 covers:

Fishing Industry
Aquaculture Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)