SAN FRANCISCO, Feb. 9, 2021
SAN FRANCISCO, Feb. 9, 2021 /PRNewswire/ -- The global agro textiles market size is expected to reach USD 13.04 billion by 2028 registering a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Commercialization of bio-based agricultural films coupled with rising global farming standards and technological advancements are expected to drive the market over the forecast period. Increasing demand for organic products due to changing consumer lifestyles and the increased significance of agro textile in various applications is projected to drive the market.
Key suggestions from the report:
Read 110 page research report with ToC on "Agro Textiles Market Size, Share & Trends Analysis Report By Product (Shade-nets, Mulch-mats, Fishing Nets), By Application (Agriculture, Aquaculture, Horticulture & Floriculture), By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/agro-textiles-market
Moreover, the high demand for food supply due to the growing population exerts pressure on crop production resulting in the rising need for high-quality products. Thus, technological advancements and significant R&D investments for the development of novel products and applications offer ample growth opportunities to the market.
However, fluctuations in the raw material prices, higher production costs, and a high degree of complexity in the manufacturing processes are expected to hinder the market growth. The industry is highly fragmented and competitive with several multinational companies controlling a significant market share. The overall market had witnessed a large backdrop due to the COVID-19 pandemic and its associated effects are projected to restrain the market growth to some extent.
Grand View Research has segmented the global agro textiles market on the basis of product, application, and region:
List of Key Players of Agro Textiles Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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