June 18, 2024

Trawl Ropes and Nets Market is driven by increasing seafood production and demand

Trawl ropes and nets are essential parts of commercial fishing equipment widely used for trawling and bottom fishing. Trawl nets are typically made of nylon or polyester fibers to withstand continuous wear and tear from the seafloor. The global trawl ropes and nets market is concentrated in regions with established fishing industries like North America, Europe, and Asia Pacific. Key end-users of trawl ropes and nets include bottom and midwater trawlers, Shrimpers, and pelagic trawlers. Synthetic fiber ropes and nets enable higher productivity and fuel efficiency for commercial fishers as they possess excellent strength, abrasion resistance, and weather durability compared to natural materials. The global trawl ropes and nets Market is estimated to be valued at US$ 359.05 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The growing demand for sustainable materials from the fishing industry is expected to drive the trawl ropes and nets market over the forecast period. Ropes and nets made from recycled plastics and organic fibers are gaining popularity as they reduce environmental impact. Additionally, fishers are willing to invest in eco-friendly gear to gain a competitive advantage and support sustainable fishing practices. Synthetic ropes developed using advanced engineering techniques also demonstrate superior performance. For instance, hollow-core polyethylene and polypropylene ropes allow buoyancy which reduces fuel consumption for trawlers. Moreover, netting manufactured with stronger and more durable yarns enable longer service life and cost savings. Innovation in material science is therefore expanding product functionality and aiding the adoption of trawl ropes and nets.

Segment Analysis

The global trawl ropes and nets market is dominated by the fishing segment. The fishing industry extensively uses trawl ropes and nets for bottom and pelagic trawling. Bottom trawling accounts for over 60% of the market share as it is preferred for capturing fish dwelling on or near the seabed. Bottom trawl nets have weights on the lower edge to keep them open and floats on the upper edge to keep them rising off the seafloor. The design enables efficient capture of demersal fish species.

PEST Analysis

  • Political: Fishing quotas and seasonal fishery closures imposed by governments affects the demand for trawl ropes and nets. Some regions have banned bottom trawling to protect marine habitats and endangered fish species.
  • Economic: Rising seafood demand and fishery exports drive the growth of commercial fishing fleets. However, fluctuations in fuel prices and exchange rates impact profitability.
  • Social: Concerns around bycatch and depletion of fish stocks influence consumers’ preferences. Environmental groups campaign against unsustainable fishing practices.
  • Technological: Advances in net and rope materials help improve trawling efficiency while reducing environmental impact. Strength and durability enhance longevity of equipment. Selective trawls aid compliance with regulations on minimizing bycatch.

Key Takeaways

The global trawl ropes and nets market is expected to witness steady growth over the forecast period supported by rising seafood consumption worldwide.

The Asia Pacific region is the fastest growing market for trawl ropes and nets. Countries like India, China, Indonesia have large fishing fleets and the industry is increasingly modernizing equipment to boost output. China dominates market volume sales attributable to the huge fishing sector.

Key players operating in the trawl ropes and nets market are Koninklijke DSM N.V., Jaya Nets Sdn. Bhd, Nitto Seimo Co., Ltd, Hampidjan Group, Carlsen Net A/S, King Chou Marine Technology, Azuka Synthetics LLP, LFS Inc., Akvaservis, Asia One Marine (HK), AIMI Ltd (UK). Major manufacturers focus on developing advanced ropes and nets using high-strength, long-lasting materials tailored for specific fisheries. They also provide technical support to help clients optimize trawling performance.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it