Vietnam Nylon Knotted Fishing Net Market (2023-2029) | Industry, Size, Analysis, Share, Outlook, Forecast, Revenue, Growth, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Product Type (Depthway, Lengthway), By End User (Individual Application, Commercial Application) And Competitive Landscape

Product Code: ETC433886 Publication Date: Oct 2023 Updated Date: Oct 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 62 No. of Figures: 12 No. of Tables: 8

Vietnam Nylon Knotted Fishing Net Market Synopsis

The Vietnam Nylon Knotted Fishing Net Market has experienced significant growth in recent years, driven by the increasing global demand for seafood and government support for the fishing industry. Vietnam is the second-largest exporter of aquatic animals in 2020 after China, with a 15% share in exports, has seen a surge in its seafood export business. However, the COVID-19 pandemic had a dampening effect on the market as restrictions on the export of aquatic animals and reduced fishing vessel activities in ports led to a 10-30% decrease in their frequency.

Vietnam Nylon Knotted Fishing Net Market

According to 6Wresearch, the Vietnam Nylon Knotted Fishing Net Market is projected to grow at a CAGR of 3.4% from 2023 to 2029, this growth could be attributed to the 'National Program on Aquaculture Development for the period 2021-2030' which broadly outlines a development plan for the fisheries sector and aquaculture. It includes targets for two five-year periods and aims for aquaculture production to contribute 106 million tons by 2030, with the overarching goal of achieving a total production of aquatic animals reaching 202 million tons. Vietnam benefits from favourable natural sea conditions for aquaculture, along with abundant freshwater aquatic resources in the Red River and the Mekong Delta basins, allowing for year-round aquaculture activities. Furthermore, foreign corporations such as Japfa, which has invested over US$6.5 million, and other global firms like C.P., New Hope, and Emivest, have injected substantial capital into the production and processing of marine products in Vietnam. This influx of investments is expected to further boost the production and processing of aquatic animals. As a result, the increased production and export of aquatic animals are poised to drive the demand for fishing gear, especially nylon-knotted fishing nets, leading to growth in the Vietnam nylon-knotted fishing net market in the coming years.

Vietnam Nylon Knotted Fishing Net Market

Market by Product Type

By product type, depthway acquired the majority share in Vietnam nylon knotted fishing net market owing to their applicability in the commercial fishing industry for species such as fish and squid. However, in the coming future, the rising aquaculture sector in Vietnam will create the demand for lengthy segment to grow at the fastest pace.

Market by End Users

By end user, commercial has accounted for the largest revenue share in 2022 as Vietnam is one of the world's leading seafood exporters, driving the growth and dominance of the commercial fishing sector in the market. Furthermore, the commercial sector is poised for future expansion, owing to government initiatives aimed at increasing aquaculture production to 106 million tons by 2030.

Market by Region

The presence of major ports and the shipping route along with the Mekong River delta provides a diverse and fertile ecosystem that supports both freshwater and saltwater species, contributing to the overall abundance of fish and seafood in the southern area.

Vietnam Nylon Knotted Fishing Net Market

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Vietnam Nylon Knotted Fishing Net Market Overview
  • Vietnam Nylon Knotted Fishing Net Market Outlook
  • Vietnam Nylon Knotted Fishing Net Market Forecast
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues for the Period 2019-2029F
  • Historical Data and Forecast of Market Revenues, By Product Type, for the Period 2019-2029F
  • Historical Data and Forecast of Market Revenues, By End Users, for the Period 2019-2029F
  • Historical Data and Forecast of Market Revenues, By Region, for the Period 2019-2029F
  • Market Drivers and Restraints
  • Vietnam Nylon Knotted Fishing Net Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Vietnam Nylon Knotted Fishing Net Market Share, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

  • Depthway
  • Lengthway

By End Users

  • Individual
  • Commercial
  • Recreational
  • Aquaculture

By Region

  • Northern
  • Central
  • Southern
Vietnam Nylon Knotted Fishing Net Market:FAQs
The Vietnam Nylon Knotted Fishing Net Market is estimated to gain more success over the forecast period.
The forecast period of this report is 2022-2028.
Nylon fishing nets are versatile and they can be used for many activities like fishing, hunting and birdwatching. The superior performance of these nets allows them become the best option available in the market.
Lack of awareness regarding the advantages of using these nets and high cost of products are the major challenges the sector is confronting.

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Vietnam Nylon Knotted Fishing Net Market Overview

3.1 Vietnam Nylon Knotted Fishing Net Market Revenues, 2019-2029F

3.2 Vietnam Nylon Knotted Fishing Net Market Industry Life Cycle

3.3 Vietnam Nylon Knotted Fishing Net Market Porter’s Five Forces

4. Vietnam Nylon Knotted Fishing Net Market Dynamics

 4.1 Impact Analysis

 4.2 Market Drivers

 4.3 Market Restraints

5. Vietnam Nylon Knotted Fishing Net Market Trends & Evolution

6. Vietnam Nylon Knotted Fishing Net Market Overview, By Product Type

6.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share and Revenues, By Product Type, 2019-2029F

6.1.1 Vietnam Nylon Knotted Fishing Net Market Revenues, By Depthway, 2019-2029F

6.1.2 Vietnam Nylon Knotted Fishing Net Market Revenues, By Lenghtway, 2019-2029F

7. Vietnam Nylon Knotted Fishing Net Market Overview, By End Users

7.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share and Revenues, By End Users, 2019-2029F

7.1.1 Vietnam Nylon Knotted Fishing Net Market Revenues, By Individual, 2019-2029F

7.1.2 Vietnam Nylon Knotted Fishing Net Market Revenues, By Commercial, 2019-2029F

7.1.3 Vietnam Nylon Knotted Fishing Net Market Revenues, By Aquaculture, 2019-2029F

7.1.4 Vietnam Nylon Knotted Fishing Net Market Revenues, By Recreational, 2019-2029F

8. Vietnam Nylon Knotted Fishing Net Market Overview, By Region

8.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share and Revenues, By Region, 2019-2029F

8.1.1 Vietnam Nylon Knotted Fishing Net Market Revenues, By Northern, 2019-2029F

8.1.2 Vietnam Nylon Knotted Fishing Net Market Revenues, By Central, 2019-2029F

8.1.3 Vietnam Nylon Knotted Fishing Net Market Revenues, By Southern, 2019-2029F

9. Vietnam Nylon Knotted Fishing Net Market Key Performance Indicators

10. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment

10.1 Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Product Type, 2029F

10.2 Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By End Users, 2029F

10.3 Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Region, 2029F

11. Vietnam Nylon Knotted Fishing Net Market Competitive Landscape

11.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share/Ranking, By Companies, 2022

11.2 Vietnam Nylon Knotted Fishing Net Market Competitive Benchmarking, By Technical Parameters

11.3 Vietnam Nylon Knotted Fishing Net Market Competitive Benchmarking, By Operating Parameters

12. Company Profiles

12.1 King Chou (Vietnam) Marine Technology Co., Ltd.

12.2 Thien Phuoc Production And Trading Company Limited

12.3 Thai Viet Net Joint Stock Company

12.4 Penro Industries (Vietnam) Co. Ltd.

12.5 PRO Khon Kaen Fising Net Factory Co.,Ltd

12.6 Saigon Fishing Net Joint Stock Company

12.7 Nam Yang Fishing Net Co., Ltd

13. Key Strategic Recommendations

14. Disclaimer

List of Figures

1. Vietnam Nylon Knotted Fishing Net Market Revenues, 2019-2029F ($ Million)

2. Sustainable Consumption and Production Supply Chain

3. Vietnam Nylon Knotted Fishing Net Market Revenue Share, By Product Type, 2022 & 2029F

4. Vietnam Nylon Knotted Fishing Net Market Revenue Share, By End User, 2022 & 2029F

5. Vietnam Nylon Knotted Fishing Net Market Revenue Share, By Region, 2022 & 2029F

6. Fishing Production in Vietnam, (1000 Million tons)

7. Vietnam Seafood Export, By Country, 2020

8. Production Share of Fishery Caught, By Kind of Activity By  Production, 2022

9. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Product, 2029F

10. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By End User, 2029F

11. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Region, 2029F

12. Vietnam Nylon Knotted Fishing Net Market Revenue Ranking, By Companies, 2022

List of Tables

1. Vietnam’s Top Seafood Export Markets In 2022

2. Vietnam’s Fisheries Industry Development Targets For 2021-2030

3. Vietnam Nylon Knotted Fishing Net Market Revenues, By Product Type 2019-2029F ($ Million)

4. Vietnam Nylon Knotted Fishing Net Market Revenues, By End User, 2019-2029F ($ Million)

5. Vietnam Nylon Knotted Fishing Net Market Revenues, By Region, 2019-2029F ($ Million)

6. Vietnam Fishing Production, By Top 5 Province, 2022 (Thousand Ton)

7. Aquaculture/Fishery Harvested Area By Aquaculture Area, 2018-2022, In (Thousand Hectare)

8. Aquaculture/Fishery Harvested Area By Provinces, 2018-2022, In (Thousand Hectare)

 

 

Market Forecast By Product Type (Depthway, Lengthway), By End User (Individual Application, Commercial Application) And Competitive Landscape

Product Code: ETC433886 Publication Date: Dec 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Vietnam Nylon Knotted Fishing Net Market Synopsis

The Vietnam Nylon Knotted Fishing Net Market is estimated to gain more success over the forecast period. This industry plays a vital role in the country since it has been effectively contributing to the country evolvement in the best ways possible. Many factors are there that have been effectively contributing to the industry development.

According to 6Wresearch, the Vietnam Nylon Knotted Fishing Net Market size is projected to evolve during 2022-2028.The market is growing in the best possible ways and numerous factors are there that have been stimulating the market evolvement in Vietnam. The industry is witnessing growing demand from both domestic as well as international consumers du to the benefits it offers in performance, low cost and durability. Nylon fishing nets are generated with many wires and strands which are twisted together in order to make a mesh. They are durable and stronger, which make them the best for catching large fishes like swordfish and tuna.

The key reason people across the country are now preferring this net instead of conventional fishing net is that it is lightweight and can be carried and used easily which is not the case with traditional fishing net since it takes more time to catch fishes. Nylon fishing nets are versatile and they can be used for many activities like fishing, hunting and birdwatching. The superior performance of these nets allows them become the best option available in the market. There is a rise in awareness about the significance of marine resources conservation which resulted in growth in demand for seafood products and it is availability of seafood is impossible without fishing nets. The major reason people are preferring nylon knotted fishing nets is that they do not harm sea life as conventional fishing nets do.

Furthermore, these nets are less likely to snag on plant, and other underwater obstructions and it makes them the best at catching fishes. The demand for these products is increasing more from the developing nations which is stimulating their demand. Lack of awareness regarding the advantages of using these nets and high cost of products are the major challenges the sector is confronting.

COVID-19 Impact on Vietnam Nylon Knotted Fishing Net Market

The novel coronavirus pandemic impacted negatively on the development of this industry since fishing, hunting and birdwatching are all outside activities and nylon fishing nets are used for these purposes only. The government of the nation imposed restrictions on outside activities since it was making the pandemic situation worse. It became essential for the nation government to impose lockdown and this impacted massively on the growth of this industry. Supply chain and manufacturing impacted the most which declined the development of this sector. The Vietnam Nylon Knotted Fishing Net Market share is now evolving more since there is a huge demand of these nets. The sector in the nation is now propelling at the faster pace since it is making the fishing, hunting and birdwatching processes easier and effective then they were ever before.

Market Analysis by Product Type

On the basis of type of products, the Vietnam Nylon Knotted Fishing Net Industry is divided into Depthway, and Lengthway. In this industry, both these segments are evolving rapidly owing to their rising demand.

Market Analysis by End User

On the basis of end user, the Nylon Knotted Fishing Net Market in Vietnam is divided into Individual Application, and Commercial Application. Within the industry, the commercial application segment is making the progress.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Vietnam Nylon Knotted Fishing Net Market Outlook
  • Market Size of Vietnam Nylon Knotted Fishing Net Market, 2021
  • Forecast of Vietnam Nylon Knotted Fishing Net Market, 2028
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Revenues & Volume for the Period 2018 - 2028
  • Vietnam Nylon Knotted Fishing Net Market Trend Evolution
  • Vietnam Nylon Knotted Fishing Net Market Drivers and Challenges
  • Vietnam Nylon Knotted Fishing Net Price Trends
  • Vietnam Nylon Knotted Fishing Net Porter's Five Forces
  • Vietnam Nylon Knotted Fishing Net Industry Life Cycle
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues & Volume By Depthway for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues & Volume By Lengthway for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues & Volume By End User for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues & Volume By Individual Application for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues & Volume By Commercial Application for the Period 2018 - 2028
  • Vietnam Nylon Knotted Fishing Net Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By End User
  • Vietnam Nylon Knotted Fishing Net Top Companies Market Share
  • Vietnam Nylon Knotted Fishing Net Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Nylon Knotted Fishing Net Company Profiles
  • Vietnam Nylon Knotted Fishing Net Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

  • Depthway
  • Lengthway

By End User

  • Individual Application
  • Commercial Application

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