April 18, 2024
Trawl Ropes and Nets Market

Trawl Ropes and Nets Market is Driven by Growing Use in Fisheries

Trawl ropes and nets are used extensively in fisheries to catch fish and shrimp. Trawl nets, also known as fishing nets, are cone or pyramid-shaped nets that are towed along the seafloor by commercial fishing vessels. Trawl ropes are made from synthetic fibers like nylon and polypropylene to withstand heavy strains. They are equipped with buoys to keep the mouth of the net open during trawling. Trawl ropes and nets play a vital role in commercial marine fishing operations worldwide by efficiently harvesting a variety of demersal and pelagic species.

The global trawl ropes and nets market is estimated to be valued at US$ 359.05 million in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the trawl ropes and nets market is the rising adoption of stronger and durable materials. Conventionally, trawl ropes were made from natural fibers like sisal, manila, and cotton. However, these ropes had low durability and broke easily under heavy loads. With advancements in material science, trawl rope manufacturers are increasingly utilizing high-performance synthetic fibers like polyethylene, polyester, polyamide, and polypropylene which have high tensile strength, are lightweight, resistant to saltwater corrosion, and do not rot easily. These synthetic ropes can withstand heavy dragging over rugged seafloors for longer durations without breaking. Their use is gaining traction among trawler owners and fishing vessel operators looking to maximize operational efficiency while reducing maintenance and replacement costs. This shift towards stronger synthetic materials is expected to propel the trawl ropes and nets market during the forecast period.

Porter’s Analysis
Threat of new entrants: New entrants in the trawl ropes and nets market face moderate threat as it requires high capital investment and technical expertise for manufacturing ropes and nets used in trawling. In addition, established players have strong brand recognition and supply chain network.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes like fishing lines and poles. However, ropes and nets have strong applications in commercial fishing.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials required for ropes and nets manufacturing such as polyester, nylon and polyethylene are widely available globally.
Threat of new substitutes: Threat from substitutes is low as traps and fishing lines cannot replace ropes and nets usage in commercial fishing and trawling. However, technological advancements may lead to new substitutes in long run.
Competitive rivalry: The global trawl ropes and nets market is moderately competitive with presence of numerous international and domestic players.

Key Takeaways
Global Trawl Ropes And Nets Market Size is expected to witness high growth over the forecast period supported by rising maritime fishing and commercial trawling activities globally.

Regional analysis: The Asia Pacific region currently dominates the global trawl ropes and nets market with China, India and Southeast Asian countries accounting for over 40% share. Rising seafood trade in the region coupled with presence of large fishing fleet supports market growth. Europe and North America are other major markets driven by commercial fishing industry.

Key players: 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). These players are focusing on expanding production capacity and global footprint to meet rising demand from fishing industry.

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