by Trawl ropes and nets are an essential component used in trawl fishing and aquaculture to catch fish, crab, shrimp and other seafood. Trawl ropes are used to tow large trawl nets through the water to catch fish and seafood, while trawl nets are designed with appropriate meshes to catch targeted seafood types without harming juveniles or endangered species. The growing aquaculture sector, especially shrimp and crab farming, has bolstered the demand for trawl nets globally. Aquaculture farmers rely on trawl nets of specific meshes to catch and transport shrimp and crab from hatcheries to farm enclosures.
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 Dynamics:
The increasing cultivation of crab and shrimp has acted as a key driver for the trawl ropes and nets market. According to Food and Agriculture Organization of the United Nations, global shrimp production from aquaculture has grown exponentially over the past two decades, from 2.9 million tonnes in 2000 to over 5 million tonnes in 2018. Countries including China, India, Indonesia, Vietnam and Ecuador contribute over 80% of global shrimp production from aquaculture. Shrimp farming relies on proper trawl nets and ropes for activities like shrimp post-larvae collection, transport and harvesting. Likewise, crab farming has also witnessed growth driven by rising demand, especially in Asia Pacific and Europe. Trawl nets and ropes optimized for crab sizes are crucial for crab hatcheries and farms.
Another factor influencing the trawl ropes and nets market growth is the development of advanced materials in trawl net and rope construction. Leading suppliers are focusing on new materials like high modulus polyethylene (HMPE), polyamide and aramid fibers to manufacture high strength and durability trawl gears. These materials enable withstanding continuous abrasion in the ocean environment without degrading physical properties, ensuring longevity of trawl gears. Their adoption is promising the trawl ropes and nets market expansion over the forecast period.
Segment Analysis
The trawl ropes and nets market is dominated by the commercial segment which accounts for over 60% of the market share. Commercial fishing operations extensively use trawl ropes and nets to catch fish and seafood on a large scale. Key reasons for the commercial segment’s dominance include heavy dependence on trawl ropes and nets by large fishing vessels and trawlers operating in deep waters for livelihood.
PEST Analysis
Political: Fishing policies and regulations around sustainable fishing practices framed by governments and inter-governmental organizations have a significant impact on the trawl ropes and nets market.
Economic: Fluctuations in the price of raw materials used to manufacture trawl ropes and nets along with the economic performance of fishing industries influence the demand dynamics.
Social: Changing dietary preferences and rising consumption of seafood have fueled the fishing industry’s growth supporting demand for trawl gears in recent times.
Technological: Advanced materials and coatings that enhance rope strength, net durability while reducing operational costs are gaining traction among commercial fishing fleets. Adoption of tech-driven fishing techniques also aids market growth.
Key Takeaways
Global Trawl Ropes And Nets Market Size is expected to witness high growth over the forecast period supported by increasing seafood trade worldwide.
Regional analysis: The Asia Pacific region accounts for over 35% of the global trawl ropes and nets market share led by China, India, and Japan. Abundant coastline, established fishing industry infrastructure, and large trawler fleet size of these nations are major contributors for the region’s dominance.
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.,Akvaservis,Asia One Marine (HK),AIMI Ltd (UK). Key players are focusing on introducing ropes and nets made from advanced composite materials to improve performance characteristics.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
