There are many types of nets used for aquaculture. One of the most important is the net cage. It protects the fish from escape and prevents damage to the environment. For this reason, it is important to develop accurate predictions of drag and deformation forces on the net cage. To calculate these forces, an appropriate hydrodynamic model is necessary. There are two types of hydrodynamic force models commonly used to calculate net-cage drag. Aquaculture cages are also made from heavy-duty netting to keep out predators. These nettings can be purchased in 48-inch-wide rolls or as cut-to-size pieces. These are made from high-quality materials, which are safer to handle and environmentally friendly.
Rise in popularity of fishing nets and aquaculture cage in fishermen and invention of synthetic fibers are expected to propel growth of the global fishing net and aquaculture cage market over the forecast period. As fishing is known as recreational and leisure activity, which is increasing being adopted by people, further driving the demand for fishing nets and cages. For instance, in June 2022, the Cochin International Airport Limited (CIAL) launched aquatic practices as part of a business diversification in the water bodies at the golf club of the company at Nedumbassery, India.
However, stringent regulations regarding over-fishing and the usage of aquaculture cage, as the number of aquatic species is decreasing, which is likely to obstruct growth of the global fishing net and aquaculture cage market during the forecast period.
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During the coronavirus pandemic many countries went under nationwide lockdowns to curb the virus spread. Under the stringent regulations several market activities were closed down. Many businesses had to be shut down as there was lack of manpower and raw materials. As production and demand declined due to disrupted supply chains and distribution operations, various markets were adversely impacted including the one in discussion, which negatively impacted the market growth.
- The global fishing net and aquaculture cage market to grow with a CAGR of XY% during the forecast period, owing to rise in aquaculture production leading to growing demand for aquaculture cages and fishing net. For instance, as per the data of Food and Agriculture Organization of the United States, the production of captured fisheries in 2020 was 90.3 million tons.
- Asia Pacific among regions is anticipated to witness significant growth in the global fishing net and aquaculture cage market over the forecast period, owing to high demand for freshwater fishes in countries such as Indonesia, India and China, and growing demand for inexpensive aquaculture along with rise in initiatives taken by government in developing countries across the region.
- Key players active in the global fishing net and aquaculture cage market are Qingdao Qihang Fishing Cage Co., Ltd., AKVA group, Gael Force Group Limited, Selstad AS, Das & Kumars, Garware Technical Fibres, Hunan Xinhai, Vaidika Group, AquaMaof, and Badinotti Group S.p.A.
