Trawl Ropes And Nets MarketSize and Trends

Market Dynamics

Growing commercial fishing is driving growth of the global trawl ropes and nets market. According to Food and Agriculture Organization (FAO) of the United Nations (UN), world fisheries and aquaculture production was 154 million tons in 2011, which increased to 170.9 million tons in 2016.

Increasing demand for seafood is fuelling growth of the global trawl ropes and nets market. According to Food and Agriculture Organization of the United Nations, global fish consumption is expected to increase by 19% by 2026, as compared to base period of 2014 to 2016.

Trawl Ropes and Nets Market Outlook

North America held significant market share in 2017, in the global trawl ropes and nets market. The U.S. held the largest market share in the North America trawl ropes and nets market in 2017, and is expected to retain its dominance during the forecast period (2019-2026). According to the National Oceanic and Atmospheric Administration, commercial and recreational fishing generated US$ 208 billion in sales and contributed US$ 97 billion to gross domestic product in the U.S.
Asia Pacific is expected to be the fastest growing trawl ropes and nets market during the forecast period (2019-2026). China, India, Japan, and ASEAN held significant market share in the Asia Pacific trawl ropes and nets market in 2017. According to FAO, China was the largest producer of marine fisheries and average marine capture of fisheries in the country was 13.19 tons during 2005 to 2014. Indonesia was the largest producer of marine fisheries and average marine capture of fisheries was 5.07 tons during 2005 to 2014.