The global Monofilament Fishing Line Market Growth Accelerated by Rising Angling Hobbyists Participation

 

Monofilament fishing lines are extensively used in sportfishing and angling. The lightweight, high strength, and flexibility benefits of monofilament fishing lines make them suitable for various freshwater and saltwater applications. Monofilament fishing lines enable anglers to achieve precise casts and reduce the chances of birds nesting. The global monofilament fishing line market is estimated to be valued at US$ 382.4 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising participation of hobbyists in fishing and angling activities over the years has accelerated the demand for high-performance monofilament fishing lines across the globe. According to industry sources, the number of recreational anglers in the U.S. grew by over 5 million between 2011 to 2016. Similarly, in countries such as Japan, China, Brazil, and various European nations, there has been a surge in fishing as a means of pastime and recreation. The growing popularity of angling as a hobby has prompted monofilament fishing line manufacturers to launch innovative product lines catering to requirements of amateur and professional anglers. Several market players have introduced braided and combination lines blended with fluorocarbon for offering unparalleled strength, sensitivity, and casting distance. This trend of specialized monofilament lines tailored for diverse fishing applications is estimated to drive the overall market expansion during the forecast period.

Segment Analysis

The global monofilament fishing line market is dominated by the 0.2-0.3 mm segment which holds around 30% share of the overall market. This segment is dominating as it offers optimum flexibility, casting distance and strength for catching various fish types like trout, salmon, and small to medium marine fish. The 0.1-0.2 mm segment holds the second largest share and is preferred for lightweight lures and jigs for species like bluegill and crappie.

Key Takeaways
The global monofilament fishing line market is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing participation in recreational fishing around the world.

Regional analysis: North America currently dominates the global monofilament fishing line market with over 35% share driven by strong fishing culture and high number of anglers in countries like the US. Asia Pacific is expected to emerge as the fastest growing regional market owing to rapid growth of recreational fishing in countries like India, China and Indonesia.

Key players: Key players operating in the monofilament fishing line market are Berkley Fishing, Sufix Fishing Line, PowerPro, Spiderwire, Stren Fishing Line, Ande Monofilament, Seaguar, Momoi Fishing Line, Daiwa Corporation, Shimano Fishing, Rapala Fishing Line, P-Line, Yo-Zuri Fishing, Sunline, and YGK Fishing Line. Berkley Fishing and Sufix Fishing Line hold the leading positions in the global market.

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