Market revenue in 2021 | USD 147.3 million |
Market revenue in 2030 | USD 213.5 million |
Growth rate | 4.2% (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 |
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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 69.93% in 2021. Horizon Databook has segmented the Middle East & Africa agro textiles market based on synthetic fibers, natural fibers covering the revenue growth of each sub-segment from 2018 to 2030.
Agriculture accounted for about 5% of the Middle East and North Africa’s (MENA) GDP. Extreme climatic conditions and scarce natural resources have pushed the region into adopting farming practices that boost sustainable crop production, reaching the required yield levels.
This combined with rapid urbanization and high growth of population is expected to propel the demand for agro products. These factors are expected to show a rise in the use of alternatives such as agro textiles, resulting in an increase in market growth. The use of textiles in agricultural sector is expected to grow due to the increasing focus on the adoption and advancement of technology.
Changing climatic conditions in the region have resulted in promoting food insecurity, which has resulted in the need for sustainable agricultural practices as existing methods are likely to result in a competitive use of natural resources.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa agro textiles market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa agro textiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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