Future Market Insights (FMI) forecast the global agriculture net market to surpass US$1.0 Bn in 2020, and projected to register a CAGR of 5% during the forecast period 2020 and 2030. An incredible shift towards improving crop yield to avoid dependency on imports has upped the demand for agriculture nets. These nets have an extensive usage in commercial as well as sustainable farming, becoming a support system in ensuring healthy growth of crops.
Locust attacks, erratic weather patterns characterized by heavy hail and rain, heat, and penetration of UV rays has created a massive need for demand of agriculture nets in recent years. Developed in various grades, these nets ensure limited penetration of heat and UV rays, which keeps the temperature inside the greenhouse optimum for growth of plants.
The global agriculture net market is also flourishing as urban dwellers are taking up gardening as a serious hobby with lucrative returns. A turn towards building urban jungles and sustainable living with kitchen gardens has generated a high demand for agriculture nets or shade nets.
The most imminent reason for burgeoning sales of agriculture nets is that it ensures reduced UV penetration, thus keeping the yield away from overexposure and damage. Today, vendors are also investing in designing agriculture nets that enhance photosynthesis, thus helping the end users create a healthy ecosystem for the plants.
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Key Takeaway from Agriculture Net Market Study
- Plastic to emerge as the leading material used in the production of agriculture nets during the forecast period
- Farming to remain principal activity that uses agriculture net, occupying a dominant share in the global market
- Rise of construction activities to raise demand for agriculture net for effecting coverings to prevent exposing unfinished buildings to excessive moisture
- South Asia to see stiff competition in the agriculture net market due to influx of local players and presence of established ones
“The demand for agriculture nets will be felt from the expanding aquaculture industry as end users are looking at innovative ways to build effective bird netting. Need to ensure excellent predator control for building breeding grounds is expected to extend usage of agriculture nets in aquaculture industry,” says FMI analyst.
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Community-driven Initiatives for Vermicomposting Creates New Growth Avenue
Growing number of urban communities are showing an inclination towards vermicomposting, which is a delicate task has led to a steady rise in the demand for agriculture nets. These nets act as perfect dividers for making pits and can be used as canopies to create shade.
The delicate balance of light and shade that needs to be maintained for correct moisture levels in building healthy vermi compost pits is projected to drive market growth. Growing number of kitchen gardens and increasing demand for better waste management have introduced vermi compost as an effective solution. Analysts project that as these trends continue, they will continue to raise the usage of agriculture nets in the coming years.
Impact of COVID-19 on Global Agriculture Nets Market
The COVID-19 pandemic has had a moderate impact on the global agriculture net market. While the demand for these nets plummeted in the construction industry, it was offset by the demand in the agriculture sector. The lockdowns and disrupted supply chains indicated that self-reliance with agriculture will be of paramount importance to avoid dependency on other nations for imports.
COVID-19, which led to severe lockdowns, also fuelled many to work on hobbies, creating a demand for shade nets for gardening. The sudden rise in number of enthusiasts building terrace gardens are expected to favour market growth in the coming years. Furthermore, as the pandemic situation normalizes, farmers will invest in agriculture nets to boost production.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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