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Showing posts with the label Monofilament Fishing Line Market Share

The global Monofilament Fishing Line Market Growth Accelerated by Increased Fishing Activities

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  Monofilament fishing line is synthetic line made from a single strand of fiber or filament. Such lines are durable, clear, and sensitive for anglers to detect fish bites. Monofilament lines provide a better fighting action with flexible casting properties compared to alternatives. These lines come in various breaking strengths and diameters to suit specific fishing applications. Popular fish species caught using monofilament line include bass, trout, bluegill, crappie and panfish that inhabit lakes and ponds. The global popularity of recreational fishing has encouraged tackle manufacturers to innovate better quality monofilament lines. The global Monofilament Fishing Line Market is estimated to be valued at US$ 920 million in 2024 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: One of the key trends in the  monofilament fishing line market  is the gr...

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

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  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, t...