Asia Pacific Agro Textiles Market Size & Outlook
Asia Pacific agro textiles market, 2018-2030 (US$M)
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Asia Pacific agro textiles market highlights
- The Asia Pacific agro textiles market generated a revenue of USD 2,224.3 million in 2021.
- The market is expected to grow at a CAGR of 5.2% from 2022 to 2030.
- In terms of segment, synthetic fibers was the largest revenue generating material in 2021.
- Synthetic Fibers is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 2,224.3 million |
| Market revenue in 2030 | USD 3,506.3 million |
| Growth rate | 5.2% (CAGR from 2021 to 2030) |
| Largest segment | Synthetic fibers |
| Fastest growing segment | Synthetic Fibers |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic Fibers, Natural Fibers |
| Key market players worldwide | Freudenberg, Beaulieu Technical Textiles, TenCate, Garware Technical, Belton Industries, Diatex |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 48.2% of the global agro textiles market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,506.3 million by 2030.
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Agro Textiles Market Scope
Agro Textiles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific agro textiles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agro textiles market will help companies and investors design strategic landscapes.
Synthetic fibers was the largest segment with a revenue share of 71.42% in 2021. Horizon Databook has segmented the Asia Pacific agro textiles market based on synthetic fibers, natural fibers covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of developing countries, such as China and India with increasing population, is expected to increase the consumption of agro produce over the forecast period, which, in turn, is expected to affect the demand for agro textiles in farming practices.
Synthetic agro textiles are expected to witness increased market share due to their ease of availability and economic feasibility compared to agro fabrics from natural fibers. However, the raw material used in the synthesis of synthetic fibers, i.e., petroleum undergoes extensive price fluctuations.
Thus, availability or fluctuations in the pricing of raw materials lead to uncertain production costs, resulting in losses for manufacturers. This is expected to have a negative impact on the market growth. However, research & development into developing alternatives to synthetic fabrics is expected to help the market keep up its growth rate.
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Our clientele includes a mix of agro textiles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific agro textiles market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific agro textiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific agro textiles market size, by country, 2018-2030 (US$M)
Asia Pacific Agro Textiles Market Outlook Share, 2021 & 2030 (US$M)
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