The agri textiles market, valued at USD 9,760.47 million in 2022, is projected to reach USD 17,533.73 million by 2032, growing at a compound annual growth rate (CAGR) of 6.3%.
Agri textiles are textiles produced using knitted, woven, or nonwoven techniques, designed specifically for applications in managing and conserving the environment and resources in agriculture, forestry, horticulture, and landscape gardening. A notable trend driving industry growth is the increase in research and development activities within the agricultural and textile sectors.
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Market Dynamics
- Farmers’ Challenges Driving Demand:
- Growing difficulties faced by farmers in crop protection and weed control to enhance total yield.
- Stimulates demand for Agri textiles tailored for agricultural challenges.
- Government Encouragement for High-Tech Farming:
- Governments promoting high-tech farming methods due to shrinking arable land and increasing food insecurity.
- Assists in expanding the market for Agri textiles.
- Rise in Environmental Concerns and Sustainability:
- Global popularity of Agri textiles made from natural fibers due to environmental concerns and sustainable farming trends.
- These textiles offer UV protection, reduce water demand, and minimize the need for weedkillers and fertilizers.
- Focus on Intelligent, High-Performance Materials:
- Increased focus on developing intelligent, high-performance materials using contemporary technology.
- Drives market growth by enhancing fabric properties and functionalities.
- Market Response to Urbanization and Income Growth:
- Rapid urbanization and increased disposable income lead to higher food expenditures, driving demand for Agri textiles to meet market demands.
- Market Resilience Amidst Challenges:
- Challenges such as the COVID-19 pandemic and fluctuations in raw material prices add complexity to the market.
- However, market resilience is demonstrated through recovery from pandemic-induced disruptions and adaptation to supply chain challenges.
- Rise in Demand for Shade Nets:
- Increasing construction activity drives demand for shade nets for safety and protection.
- Technological advancements enhance product offerings and provide growth opportunities for market players.
- Global Environmental Concerns and Modern Agricultural Practices:
- Rise in pollution levels, escalating temperatures, and the need for crop preservation contribute to Agri textile industry growth.
- Adoption of modern agricultural practices further drives market expansion.
- Focus on Textile Material Improvements:
- Ongoing attention to improving textile materials enhances crop quality and overall production, driving market demand.
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Future Outlook
- Asia Pacific Dominance:
- Majority of the global agri textiles market share expected to be held by Asia Pacific.
- Rising demand in countries like China, India, and South Korea due to rapid agricultural industry development.
- Potential of China and India:
- China and India, as emerging economic powers, present significant potential for agri textiles production, export, and consumption.
- Presence of numerous agri textiles manufacturers due to cheap labor and raw material availability.
- Impact on North America and Europe Markets:
- Increasing competition from Asia Pacific affects agri textiles markets in North America and Europe.
- Expected loss of market share in North America to Asia Pacific and Latin America markets.
- Steady Growth in Other Regions:
- Rest of the regions anticipated to grow at a steady rate during the forecast period.
- Continued demand for agri textiles expected across various regions, albeit at a moderate pace compared to Asia Pacific and Latin America.
Top Key Players
- agri textilesmarket are 3M,
- Agru America, Inc.,
- CTM Technical Textiles Ltd.,
- DuPont, Johns Manville,
- Koninklijke Ten Cate nv.,
- SGL Group and Milliken & Company
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