According to a new market research report, the “Agricultural Textiles Market by Fiber Material (Nylon, Polyester, PE, PP, Natural Fiber), Fabric Formation Technology (Woven, Knitted, Nonwoven), Product type(Shade Nets, Mulch Mats), Application and Region – Global Forecast to 2026″, is projected to grow from USD 14.6 billion in 2021 to USD 19.0 billion in 2026, at a CAGR of 5.4%. The Agricultural Textiles market is driven by the increasing demand for greenhouse-cultivated crops, such as bell pepper, cucumber, and broccoli.
This report also provides a comprehensive analysis of the companies listed below:
Beaulieu Technical Textiles (Belgium), Belton Industries (US), Hy-Tex (UK) Limited, Diatex SAS (France), and Garware Technical Fibres Limited (India)
The key players following the strategies between 2016 to 2021 are Beaulieu Technical Textiles, Belton industries, Hy-Tex (UK) Limited, Diatex SAS, and Garware Technical Fibres Limited. The companies are majorly following new product launches as a strategy to grow and expand the market.
COVID-19 Impact on the Global Agricultural textiles Market
COVID-19 has made a significant economic impact on various financial as well as industrial sectors, such as travel and tourism, manufacturing, and aviation. The worst economic recession is expected during 2020-2021, according to World Bank and IMF. With the increasing number of countries imposing and extending lockdowns, economic activities are declining, impacting the global economy.
In the recent past, the global economy became substantially more interconnected. The adverse consequences of various steps related to the containment of COVID-19 are evident from global supply chain disruptions, weaker demand for imported products and services, and an increase in the unemployment rate. Risk aversion has increased in the financial market, with all-time low-interest rates and sharp declines in equity and commodity prices. Consumer and business confidence have also reduced significantly.
Belton industries (US) was started in 1916, by 1927 the company had evolved into a successful business and sold its packaging unit to a Fortune 500 company and focused on the textile business. In 1980 the company narrowed down the focus on specialty and niche markets. Belton Industries, Inc. is a specialty weaver of fabrics for furniture, military, industrial, civil engineering, environmental, and agricultural markets. And employs state-of-the-art equipment to extrude polypropylene and polyethylene resins into yarns of diverse colors and performance attributes. Belton Industries has a 200,000-square-foot factory near Belton, South Carolina, that is open 24 hours a day, five days a week, and is 100% owned and operated in the United States.
Hy-Tex (UK) Limited is a long-standing family firm that was started in 1991 on a solid foundation of technological and biodegradable textile expertise. The company has built an exceptional reputation for supplying high-quality items at reasonable prices, backed up by courteous, prompt service and a thorough understanding of the materials and their applications. The company does not specialize in only one product, it has diversified itself into many niche market areas to satisfy the customer’s needs. The diverse portfolio includes products for the construction, landscaping, and building industries.
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