Fishing and Aquaculture Nets are nets used for fishing and aquaculture. They are devices made from fibers woven in a grid-like structure. Fishing nets are usually meshes formed by knotting a relatively thin thread. Modern nets are usually made of Knotted Nets like nylon, although nets of Knotless Nets such as wool or silk thread were common until recently and are still used.
According to the new market research report “Fishing and Aquaculture Nets- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Fishing and Aquaculture Nets market size is projected to reach USD 2.49 billion by 2030, at a CAGR of 3.3% during the forecast period.
- Global Fishing and Aquaculture Nets MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Fishing and Aquaculture Nets- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Fishing and Aquaculture Nets Top12Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Fishing and Aquaculture Nets- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Fishing and Aquaculture Nets include Nitto Seimo, NICHIMO, AKVA Group, WireCo WorldGroup(Euronete), King Chou Marine Tech, Vónin, Hunan Xinhai, Anhui Jinhou, Qingdao Qihang, Scale AQ(Aqualine), etc. In 2023, the global top 10 players had a share approximately 37.0% in terms of revenue.
- Fishing and Aquaculture Nets,Global Market Size, Split by Product Segment
Source: QYResearch, "Fishing and Aquaculture Nets- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Fishing Nets is the largest segment, hold a share of 63.6%.
- Fishing and Aquaculture Nets,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Fishing and Aquaculture Nets- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Commercial Application is the largest segment, hold a share of 81.0%.
Market Drivers:
D1: Regulatory frameworks governing fishing practices and aquaculture operations continue to evolve, influencing the design and use of fishing nets. Measures aimed at reducing bycatch, protecting marine ecosystems, and ensuring sustainable fisheries management can impact the types of nets allowed and the methods of fishing permitted.
D2: There's a trend towards developing nets tailored to specific fishing methods and target species. This includes specialized nets for trawling, purse seining, gillnetting, and longlining, each optimized for efficiency and minimizing unintended catch. Innovative designs, such as LED-equipped nets to reduce bycatch of non-target species, are also being explored.
D3: The fishing and aquaculture nets market is becoming increasingly globalized, with manufacturers and suppliers operating on a multinational scale. This globalization brings opportunities for collaboration and knowledge sharing, as well as challenges related to competition and pricing dynamics.
Restraint:
R1: The cost of high-quality fishing and aquaculture nets, particularly those made from advanced materials, can be prohibitive for smaller operators and developing countries. Additionally, access to modern fishing technologies and equipment may be limited in certain regions, further exacerbating disparities in the industry.
R2: The fishing and aquaculture nets industry is highly competitive, with numerous manufacturers and suppliers vying for market share. This can lead to pricing pressures and commoditization of products, particularly for standard netting materials and designs. Companies must differentiate themselves through innovation, quality, and sustainability initiatives to maintain a competitive edge.
R3: Climate change poses additional challenges for the fishing and aquaculture industry, including changes in ocean temperature, acidity, and currents that can affect fish populations and ecosystem dynamics. Adapting to these changes may require modifications to fishing practices, equipment, and geographic distribution, impacting the demand for specific types of nets.
Trend:
Technological Advancements: Modern fishing and aquaculture nets are incorporating advanced materials and design techniques to enhance durability, efficiency, and environmental sustainability. This includes the use of high-performance synthetic fibers, such as nylon and polyethylene, which offer improved strength and resistance to abrasion compared to traditional natural fibers like cotton or hemp.
Sustainability Focus: With increasing concerns over overfishing and environmental impact, there's a growing emphasis on sustainable fishing practices. This has led to the development of eco-friendly nets designed to minimize bycatch and reduce habitat damage. Additionally, there's a rising demand for nets made from recycled materials and those that can be easily recycled at the end of their lifespan.
Aquaculture Expansion: As the global demand for seafood continues to rise, aquaculture production has become increasingly important. This has driven the demand for specialized nets used in aquaculture operations, such as cages and pens for fish farming. he development of innovative netting solutions that promote fish health and welfare while minimizing environmental impact is a key focus area.
Automation and Robotics: Automation and robotics are playing a growing role in the fishing and aquaculture industry, including in net manufacturing processes and deployment. Automated systems for net mending, cleaning, and inspection are improving efficiency and reducing labor costs. In aquaculture, robotic systems are being used for tasks like feeding, monitoring water quality, and harvesting.
About The Authors
Yin Hang
Lead Author
Email: yinhang@qyresearch.com
Tel: +86-18310165532
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