Market Forecast By Product Type (Depthway, Lengthway), By End User (Individual Application, Commercial Application) And Competitive Landscape
Product Code: ETC433884 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Indonesia Nylon Knotted Fishing Net Market is becoming one of the most promising and lucrative sectors in the country and this sector will continue gaining growth during the forecast period. There is rising adoption of nylon fishing nets in the country for fishing purposes which is driving this sector.
According to 6Wresearch, the Indonesia Nylon Knotted Fishing Net Market size is expected to grow during 2023-2029. Growing popularity of recreational fishing, and rising demand for fishing in the country are the two key factors driving this market. Nylon is durable, strong, saltwater and resistant to UV light material. These features of this product make it perfect for fishing nets. Fishing nets made up of nylon are inexpensive as compared to other fishing nets and it makes these nets attractive to people fishers. The country is amongst the leading producers as well as exporters of fish. Indonesia has a big number of inland waterways and vast coastline which makes it a suitable location for fishing. Rising demand from domestic and international consumers for fish and enhanced access to sectors has increased the production.
The government of Indonesia has been very supportive for this sector and invest heavily in research and infrastructure development in order to enhance sustainability and productivity. The nation’s government also implemented many policies to save small-scale fishers playing a vital role in the economy of the nation. All these factors are estimated to stimulate the growth of this market in the near future. The increasing demand for fish as well as other seafood is also driving this sector. Furthermore, the rising recreational fishing popularity will also boost the growth of this industry in the years to come.
The government of Indonesia has been very supportive for this sector and invest heavily in research and infrastructure development in order to enhance sustainability and productivity. The nation’s government also implemented many policies to save small-scale fishers playing a vital role in the economy of the nation. The chances of growth and success are higher in this sector since it will remain in demand. However, rising raw materials cost like polyester and nylon are anticipated to restrain the sector evolvement. The Indonesia Nylon Knotted Fishing Nets Market Share is anticipated to rise more since the industry will overcome this challenge.
The Nylon Knotted Fishing Net Market in Indonesia which is one of the key parts of Asia Pacific Nylon Knotted Fishing Nets Market came across a number of challenges when COVID-19 pandemic hit the nation. Owing to lockdown, there were restrictions on outside activities in the nation which restricted the growth of this market in the country as fishing is the outside activity. The demand for fish decreased since the restaurants, hotels and resorts had to shutdown their operation for some time in order to follow the lockdown measures which negatively affected the evolvement of this sector in the country.
Based on product type, the Nylon Knotted Fishing Net Market in Indonesia is fragmented into Depthway as well as Lengthway and in this sector, both these product types are getting popular owing to the benefits they offer.
Based on end user, the Indonesia Nylon Knotted Fishing Net Industry is fragmented into Individual Application as well as Commercial Application. The commercial end user segment is likely to dominate the market in the near future.
The report offers a comprehensive study of the subsequent market segments: