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Agro Textiles Market Overview
Agro Textiles Market size is expected to be valued at US$11.9 billion by the end of the year 2027 and is set to grow at a CAGR of 4.7% during the forecast period from 2022-2027. The increasing demand from the agricultural sector for a better quality of crops, increased productivity and technological advancements are driving the demand for the agro textile market. Furthermore, the commercialization of bio-based agricultural products coupled with raising farming standards and advancement in technologies is also driving the demand for the agro textile market. The increased use of agro textile in horticulture and animal husbandry is also increasing the demand for agro textile market. The various types of materials used in agro textiles such as polyethylene, polyester, nylon and other are strong and highly resistant to UV rays and other external factors. This is further widening the demand of the Agro Textiles market.
COVID-19 impact
Amid the Covid-19 pandemic, the agro textile market was hugely affected owing to the various legal and economic restrictions laid by governments across the world. Due to the various restrictions laid down during the pandemic across the globe, the agro textile market was hugely affected. Any movements including movement of people and goods were banned fearing the spread of the coronavirus. This hugely impacted the agro textile market, as the sales crashed down due to the exponential decrease in demand. The situation is however set to improve by the year ending 2021 and the agro textile market is expected to grow.
Agro Textiles Market Segment Analysis – By Product
Bird Protection Nets segment held the largest share in the agro textiles market in the year 2021. Bird protection nets are widely used in farming for protecting crops against the harm of the birds and other predators of crops. This helps in protecting the crop against uprooting, breakage and other damages caused by birds. The increase in cultivation and farming is one of the major factors driving the demand for bird protection nets. Furthermore, the increase in growth of plants and crops for aesthetic purposes as well as health related purposes is increasing the demand and need for bird protection nets segment in the agro textiles market.
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Agro Textiles Market Segment Analysis – By Material
Synthetic material segment held the largest share in the agro textiles market in the year 2021. Synthetic materials are man-made and therefore can be customized as per requirement. Synthetic materials are stronger and more durable. Importantly, it can also be personalized according to the job requirement. Synthetic materials such as nylon and polyester are very strong and highly durable which makes it a preferred type of material in farming. This also means the agro textiles need not be re-purchased as frequently as the natural materials. This is considered economical and therefore preferred type of materials. This is driving the demand for synthetic material segment in the agro-textiles market.
Agro Textiles Market Segment Analysis – By Application
Agriculture segment held the largest share of 59% in the agro textiles market in the year 2021. There has been an increase in the demand and production of woolen fabric from various end use industry, especially post Covid-19. This is contributing to the demand for agro-textiles market, as agro-textiles is used as an ‘addition polymer’ in production of wool. According to Indian Government, agricultural textiles will form 1.5% of the projected Indian technical textiles market. According to International Trade Centre (ITC) data, Vietnam’s agro-textile and garment exports to Canada in 2019 increased to US$1.1 billion for the first time, a rise of 20% compared to 2018. This will further drive the agro-textiles market.
Agro Textiles Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 35% in the agro textile market in the year 2021. The increase in the population in countries like China, India and Indonesia coupled with the increase in the demand for food is increasing the demand for agricultural and horticulture activities. According to worldometer, the population of China was highest in the world during the year 2020 at an increase of 0.39% from the previous year 2019. India is the second largest populated country in the year 2020, with an increase of 0.99% from the previous year 2019. This is further increasing the farming activities in the region to meet the increasing demand for food. According to Indian Brand Equity Foundation, agriculture is the primary source of livelihood for about 58% of India’s livelihood. Furthermore, China implemented The Soil Pollution Prevention and Control Law, which came into force from the year 2019. This is further driving the demand for agricultural and horticulture activities which is, in turn, increasing the demand for Agro Textile market in the region. Furthermore, according to International Wool Textile Organization, China accounted for 21.1% of world exports of wool fabric in the year 2019, Japan accounted for 4.1% and South Korea accounted for 2.5%. This is making Asia Pacific region the largest exporter of wool fabric in the world. Furthermore, according to Directorate General of Commerce Intelligence and Statistics (DGCIS), exports of woolen yarn, fabrics and made ups reached US$125.13 million and raw wool exports reached US$71,111.74 in India during the year 2020, accounting for 2% of the global production. Wool is majorly used in producing agro-textiles. This is increasing the production of agro textiles in the Asia Pacific region.
Agro Textiles Market Drivers
The growing agricultural industry is one of the significant factors driving the agro textile market
The growing farming and agriculture industry across the globe is one of the significant factors driving the demand for agro textile market. According to the total value of farm production in Japan was US$84,162 million during the year 2019, an increase of 2.63% from US$81,999 during the year 2018. According to the US department of agriculture, the agriculture and food related industries in USA contributed about 5.2% share of the total GDP during the year 2020. According to National statistics of UK, the production of seeds increased by 17% in the year 2020 and the production of plant protection products increased by 10%. This will further increase the demand for agro textiles market.
The increase in demand from the animal husbandry and horticulture industry is driving the demand for agro textiles
The growing demand for vegan products is one of the main factors driving the demand for horticulture activities as it deals with cultivation and gardening of plants. For instance, according to Ministry of Agriculture & Farmers Welfare of India, the total horticulture production in India during 2020-2021 was 326.58 million tonnes, an increase of about 5.81 million tonnes (an increase of 1.81%) over the year 2019-2020. Furthermore, according to United States Department of Agriculture, the horticulture operations sold a total of US$13.8 billion in floriculture, nursery and specialty crops in 2019 in the USA with an increase of 7% in nursery stock, increase of 12% in sod, sprigs and plugs and increase of 11% in potted flowering plants. This will further increase the demand for agro textiles from the horticulture and animal husbandry department.
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Agro Textiles Market Challenges
Lack of knowledge and awareness is one of the major factors restricting the growth of the agro textiles market
The lack of knowledge and awareness about agro textiles is one of the main factors challenging the agro textiles market. The conventional and traditional farmers adhere to strict conventional farming practices and thus do not believe in modern ways of farming. The agro textile concepts came into existence quite recently, and therefore, the old farmers do not believe in those methods. Therefore, the demand for agro textiles is very less from such traditional and conventional buyers. Since, these farmers make the most of the buyers of the agricultural industry, the demand for agro textiles from the agriculture industry is majorly affected. Therefore, this is mainly restricting the growth of the agro textiles market.
Agro Textiles Industry Outlook
Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in the Agro Textiles Market. Major players in the Agro Textiles Market include:
Acquisitions/Technology Launches
In August 2021, Suumaya Industries Ltd has acquired a 51% stake in agri-tech startup payAgri Innovations to expand its farm business. Suumaya Industries, which is into textile business, has recently ventured into the agri-commodity business through its 100% subsidiary Suumaya Agro Ltd.
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Key Takeaways
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