Trawl ropes and nets are essential fishing tools used to trap fish and other marine species. Trawl nets are cone or bag shaped devices towed along the seafloor by commercial fishing vessels to enclose and capture fish and shellfish. Trawl ropes are made from durable materials like nylon or polyester and are used to connect the fishing nets to vessels. They play a vital role in deep sea fishing operations.
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 key trends:
Sustainable fishing practices have gained significant traction over the past few years. Modern trawl ropes and nets are designed to minimize bycatch and incidental mortality of non-targeted marine species. Leading manufacturers are focusing on developing more eco-friendly trawl gear through innovations in material choice, net designs, and improved release mechanisms. For instance, some nets now include aluminum bars that separate faster when they contact the seafloor, allowing non-targeted fish a better chance to escape unharmed. Biodegradable materials are also gaining acceptance. Such initiatives aim to balance economic needs with environmental protection. This trend towards more responsible fishing is expected to drive growth of improved trawl equipment in the coming years.
SWOT Analysis
Strength: Trawl ropes and nets provide efficient and effective fishing while minimizing environmental impact. Their durable construction allows for long-term use.
Weakness: Fishing ropes and nets can damage coral reefs and seafloor habitats if not used responsibly. Regular maintenance and replacement are required to maximize effectiveness.
Opportunity: Growing global seafood demand presents an opportunity to supply sustainable fishing equipment. New materials allow for lighter, stronger ropes and nets.
Threats: Overfishing threatens fish populations if not properly regulated. Environmental factors like hurricanes or algal blooms may disrupt operations.
Key Takeaways
Global Trawl Ropes And Nets Market Size is expected to witness high growth.
Regional analysis focused on Asia Pacific region which currently dominates the trawl ropes and nets market with a share of around 55% in 2023. Countries like China, Japan, Indonesia and India have large fishing industry and increasing seafood exports which is driving demand for trawl ropes and nets in the region. Europe is the second largest market and growth in countries like Norway, Denmark and UK is propelling the regional market.
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 development of lightweight and durable materials to manufacture fishing equipment to capture large marine species efficiently while reducing environmental impact.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
