Research Nester published a report titled “Agricultural Grow Bags Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global agricultural grow bags market in terms of market segmentation by raw material, product, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global agricultural grow bags market is estimated to occupy a large revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2030, owing to the rising enhancements in precision irrigation systems for minimizing water usage, and growing adoption of fabric agricultural bags globally. Apart from these, escalating emphasis of crop growers cultivating on heavy soil regarding the use of grow bags is also expected to drive market growth in the upcoming years.
The global agricultural grow bags market is segmented by raw material, product and application. Based on application, the fruits and vegetables segment is anticipated to grab the largest market share during the forecast period on the back of growing usage of grow bags for cultivating salad crops such as tomatoes, carrots and potatoes. Furthermore, by raw material, the fabric segment is anticipated to grab the largest share ascribing to the high cost-effectiveness of these bags.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share and witness noteworthy growth in the market during the forecast period attributing to the increasing adoption of agricultural grow bags after marijuana legalization and presence of prominent market players in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Adoption of Fabric Agricultural Grow Bags Globally to Drive Market Growth
Fabric based agricultural grow bags area widely being adopted across the world over the last few years, as they allow appropriate aeration of roots that helps in achieving increased yield. Furthermore, fabric bags are environment friendly and much cheaper than products made from plastic materials, which in turn is predicted to boost market growth in the near future.
However, environmental pollution associated with plastic grow bags is expected to operate as key restraint to the growth of the global agricultural grow bags market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global agricultural grow bags market which includes company profiling of Dutch Plantin BV, Bloem LLC, Dolphin Plastics, The Green Yard, Van der Knaap Group, WHS Australia, JIFFY GROUP, Laizhou Guoliang Packing Products Co. Ltd., Rain Science Grow Bags, FibreDust LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global agricultural grow bags market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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