Fishing Net and Aquaculture Cage Market - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 – 2026)

Fishing Net and Aquaculture Cage


Fishing net is employed to catch fresh, inland, and marine water fishes. Fishing net may be produced from polyamide, polyester, polyethylene, polypropylene, and high-density polyethylene. Aquaculture or aqua farming is rearing of aquatic animals for food such as for example fish mollusks, aquatic plants, algae, shrimp, and others. Aquaculture cages are usually produced from plastic and steel. To safeguard the inland fishes and aquatic animals from other sea animals, aquaculture cages are covered with nets. Catching of fishes by fishing net also results in catching of non-target fish. Bycatch could be the catch of non-target fish and ocean wildlife, including what's taken to port and what's discarded at sea.

Key players operating in the global Fishing Net and Aquaculture Cage Market include Miller Net Company Inc., Brunsonnet and Supply Inc., Magnum polymers Pvt. ltd., Siang May, Memphis Net and Twine, Viet AU ltd., Nitto Seimo, Naguara Net Co. Inc., Siang May, and SNC.

Market Dynamics

Growing popularity among fishermen and invention of synthetic fibers are key factors driving the fishing net and aquaculture cages market growth. Fishing is remarkably popular as a leisure and recreational activity. Therefore, individuals are adopting this activity. Based on Department of Fisheries and Oceans, there was an increase of 2% in number of people opting for fishing from 26% to 28% during 2005 to 2010 in Canada. Fishing net helps fishermen in capturing more fishes in a single go. Fishing nets are light in weight and have strong grip, which helps to catch more number of fishes. Aquaculture has flexibility in use of water bodies such as for example lakes, ponds and tanks, simplified husbandry practices such as for example observation of fish and feeding behavior and simplified harvesting would be the factors which are driving the growth of the aquaculture.

Growth in the production of aquaculture has fueled the growth in demand of aquaculture cages. Based on Food and Agriculture Organization (FAO), the production of fishes and other aquatic animals from aquaculture have become from 61.8 million tons to 80.0 million tons during 2011-16 inhabiting a CAGR 5.3%.

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