Trawl Ropes and Nets Market Growth Accelerated by Increased Consumer Base

 

Trawl ropes and nets are important fishing gear used for commercial bottom trawling to catch fish species such as shrimp, prawn, lobsters and crabs. Trawl ropes and nets are manufactured using quality synthetic and natural fibers which offer great strength and durability while trawling in sea waters. Technological advancements have helped produce high strength, yet lightweight trawl ropes and nets that result in better catches. The global Trawl Ropes and Nets Market is estimated to be valued at US$ 359.05 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growth of the Trawl Ropes and Nets Market isaccelerated by the increasing consumer base. Rapid urbanization and rising disposable incomes in developing economies have led to greater demand for seafood. This has encouraged commercial fishing activities using trawl nets and ropes. Moreover, adoption of synthetic materials such as polyamide, polyethylene and polypropylene in trawl gear manufacturing has boosted their mechanical performance and operational efficiency. Synthetic trawl ropes and nets are more durable and cause less damage to marine ecosystems compared to natural fiber variants. The various advantages of synthetic trawl gear are driving their increased utilization, thereby propelling the market growth over the forecast period.

Segment Analysis

The global trawl ropes and nets market is dominated by the fishing trawl ropes and nets segment. This segment accounted for more than 60% share of the overall market in 2024 as fishing trawl ropes and nets find wide adoption in commercial fishing activities. Fishing continues to be a major occupation for many coastal communities and developing economies, which drives the demand for specialized trawl ropes and nets in large quantities.

Key Takeaways

The global trawl ropes and nets market is expected to witness high growth over the forecast period of 2023 to 2030. The market is driven by factors such as the rising seafood trade worldwide and growth of commercial fishing.

Regional analysis: The Asia Pacific region currently dominates the global trawl ropes and nets market with over 35% share. Countries such as China, India, Indonesia, Vietnam, Philippines and Japan have large coastlines and a significant population dependent on fisheries and seafood trade for their livelihood. This results in high demand for trawl ropes and nets from the region. The market is further projected to grow at a CAGR of over 6% during the forecast period in Asia Pacific led by growth in fishing activities.

Key players operating in the trawl ropes and nets market are Koninklijke DSM N.V., Jaya Nets Sdn. Bhd, Nitto Seimo Co., Ltd, Hampidjan Group, Carlsen Net A/S, King Chou Marine Technology, Azuka Synthetics LLP, LFS Inc. and AIMI Ltd (UK). Koninklijke DSM N.V. and Jaya Nets Sdn. Bhd. account for over 15% share each owing to their diversified product portfolio and large customer base globally.

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