May 22, 2024

Trawl Ropes and Nets Market Propelled by the Need for More Efficient and Sustainable Fishing Practices

Trawl ropes and nets are specialized types of fishing ropes and nets used commonly in demersal and pelagic trawling. They are manufactured using high-grade synthetic materials like nylon and polyester that offer strength, durability and resistance to corrosion in marine environments. Trawl ropes and nets enable fishermen to tow large cone or V-shaped nets efficiently along the sea floor or through the water column to catch demersal and pelagic fish species respectively. 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:

More fisheries are adopting sustainable fishing practices and promoting the use of trawl ropes and nets that have minimized bycatch and damage to seabed habitats. This is being driven by stringent fishing regulations as overfishing has depleted several fish stocks globally. Synthetic ropes and nets with enhanced strength, lowered weight and balanced buoyancy features are preferred as they reduce fuel consumption while towing bottom trawls and allow fishermen to minimize contact with the seabed, thus limiting habitat destruction. Their longer operational life also cuts down on replacement costs. Such eco-friendly innovations are expected to increase the demand for trawl ropes and nets during the forecast period.

SWOT Analysis
Strength: Trawl ropes and nets provide a reliable and efficient method for commercial fishing vessels to catch large amounts of fish and seafood. Modern trawl nets allow fishermen to selectively catch target species.

Weakness: Trawl fishing is non-selective and can damage seabed habitats. It often catches non-target species and smaller fish which are then discarded as bycatch. Trawl nets require regular maintenance and replacement which increases costs for fishermen.

Opportunity: Developing nets made of stronger and more durable materials could increase lifespan and reduce costs. New net designs may improve selectivity and species protection. Growing Asian seafood markets represent an opportunity to increase trawl fishing production.

Threats: Overfishing and declining fish stocks threaten the long-term viability of trawl fishing in some regions. Tighter fishing regulations and marine protected areas restrict trawling activities. Public concerns over environmental impacts and bycatch pose regulatory and reputational threats.

Key Takeaways

The global trawl ropes and nets market is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising seafood demand.

Regional analysis: Asia Pacific accounts for around 60% of global trawl ropes and nets market share in 2024. China, India and Indonesia have the world’s largest commercial fishing fleets which depend heavily on trawl gear. Nations like Vietnam and the Philippines are also rapidly expanding their fishing industries. The growing Asian middle class is driving increased demand and production of low-cost fish and seafood.

Key players: 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, and AIMI Ltd (UK). These companies supply a variety of nets using nylon, polyester and other synthetic materials suited for bottom and mid-water trawling applications. Ongoing R&D aims to improve mechanical properties, lifespan and catch selectivity.