Agro Textiles Market Size , Share, Growth Global Demand, Analysis and Forecast Period 2027
According to Fortune Business Insights™ The global agro textiles market forecast is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. Rising concerns surrounding food security across the globe will be a key growth propeller for this market, states Fortune Business Insights™ in its report. According to the Food and Agriculture Organization (FAO) of the UN, around 9.2% of the global population suffered from acute food insecurity and 17.2% experienced moderate food insecurity in 2018. The intensity of food insecurity is likely to get heightened with rapid growth in global population, which is forecasted to reach 9.7 billion by 2050, as per data from the World Bank. In such a situation, the need for improved agricultural productivity is dire and technologies such as agro textiles will play an instrumental role in meeting the challenge of food security in the coming decades, thereby boosting the growth of this market.

The report states that the agro textiles market forecast value was at USD 9,612.8 million in 2019 and is expected to reach USD 13,458.7 million by 2027 exhibiting a CAGR of 5.2% during the forecast period

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Market Driver

Speedy Expansion of Urban Areas to Stimulate Market Growth

The Department of Economic and Social Affairs of the UN estimates that urban population around the world will sharply rise from the current 55% to 70% by 2050, amounting to an addition of 2.5 billion people in these areas. Urban spaces are characterized by hectic lifestyles, sedentary habits, pollution, and overconsumption of unhealthy foods. As a result, the demand for organic and naturally-derived snacks is increasing in these areas, reflecting a marked change in consumption trends around the world. Agro textiles such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls. Moreover, the agro textiles market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture.

Regional Analysis

High Reliance on Agriculture to Augment the Market in Asia-Pacific



Key players in this market are injecting money into their R&D divisions to speed up the development of next-gen products and solutions to keep up with the changing dynamics of the agriculture sector. These product launches are also aiding companies to strengthen their portfolio of solutions and entrench their position in the market.

Industry Developments:

May 2020: The German technology company, Freudenberg, announced the acquisition of the UK-based high-performance materials conglomerate, Low & Bonar. With this acquisition, Freudenberg will be able expand its technical textiles portfolio as well as get access to Low & Bonar’s technological expertise in this domain.

January 2020: The French technical fabrics specialist, Diatex SAS, unveiled a wide array of specialized textile products for agriculture at the IPM ESSEN 2020 held in Germany. Diatex launched its tailor-made plant and other crop protection solutions at this event.

Source: https://www.fortunebusinessinsights.com/agro-textiles-market-102963

Agro Textiles Market Size , Share, Growth Global Demand, Analysis and Forecast Period 2027 According to Fortune Business Insights™ The global agro textiles market forecast is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. Rising concerns surrounding food security across the globe will be a key growth propeller for this market, states Fortune Business Insights™ in its report. According to the Food and Agriculture Organization (FAO) of the UN, around 9.2% of the global population suffered from acute food insecurity and 17.2% experienced moderate food insecurity in 2018. The intensity of food insecurity is likely to get heightened with rapid growth in global population, which is forecasted to reach 9.7 billion by 2050, as per data from the World Bank. In such a situation, the need for improved agricultural productivity is dire and technologies such as agro textiles will play an instrumental role in meeting the challenge of food security in the coming decades, thereby boosting the growth of this market. The report states that the agro textiles market forecast value was at USD 9,612.8 million in 2019 and is expected to reach USD 13,458.7 million by 2027 exhibiting a CAGR of 5.2% during the forecast period The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Market Driver Speedy Expansion of Urban Areas to Stimulate Market Growth The Department of Economic and Social Affairs of the UN estimates that urban population around the world will sharply rise from the current 55% to 70% by 2050, amounting to an addition of 2.5 billion people in these areas. Urban spaces are characterized by hectic lifestyles, sedentary habits, pollution, and overconsumption of unhealthy foods. As a result, the demand for organic and naturally-derived snacks is increasing in these areas, reflecting a marked change in consumption trends around the world. Agro textiles such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls. Moreover, the agro textiles market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture. Regional Analysis High Reliance on Agriculture to Augment the Market in Asia-Pacific Key players in this market are injecting money into their R&D divisions to speed up the development of next-gen products and solutions to keep up with the changing dynamics of the agriculture sector. These product launches are also aiding companies to strengthen their portfolio of solutions and entrench their position in the market. Industry Developments: May 2020: The German technology company, Freudenberg, announced the acquisition of the UK-based high-performance materials conglomerate, Low & Bonar. With this acquisition, Freudenberg will be able expand its technical textiles portfolio as well as get access to Low & Bonar’s technological expertise in this domain. January 2020: The French technical fabrics specialist, Diatex SAS, unveiled a wide array of specialized textile products for agriculture at the IPM ESSEN 2020 held in Germany. Diatex launched its tailor-made plant and other crop protection solutions at this event. Source: https://www.fortunebusinessinsights.com/agro-textiles-market-102963
Agro Textiles Market Size, Share, Growth | Global Report, 2027
The global agro textiles market size is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the period (2020-2027)
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