Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.1% during the review period (2022 to 2027)
Monofilament, a single thread of artificial fiber, is widely used in the nylon fishing line. It can be made using nylon, polyester, and polyolefins. Monofilaments are widely preferred in fishing lines instead of multifilament’s owed to flexibility, good shock strength, and cost-effectiveness. The product finds use in fishing & agriculture net, ropes, fabric, paper mill filters, textile conveyer belts, medical devices, wastewater treatment, stretched tapes, and sports strings among others.Monofilament Angling Line market reports cover industry trends for the progress of the industries which is affect the price, cost, sales, marketing, manufacturing. The important point of this report is it comprised a complete and unmistakable analysis of the market drivers and fetters; key market companies mixed up in this industry. Analyst's Lookouts are also available in the report which is helpful to increase business growth, ideas, creating and scoping valuable changes and improvements to business procedures.
The global monofilament market growth is driven by the growing fishing industry as it delivers both protein and source of income. Expanding fish and other seafood production in both industrialized and developing nations as a result of improved expenditure on animal food for protein is the major driving factor for the global monofilament market. However, loss of marine habitats due to eutrophication, delivery, and seaside area growth is projected to hamper the marketplace growth in the future years.
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Top Key players in the Monofilament Fishing Line Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Monofilament Fishing Line Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes PureFishing, Sunline, Sufix International, Toray, SHIMANO INC, DAIWA, Maxima Fishing Line, Momoi, Ultima, Seaguar, FORTUNE, Ande Monofilament, Mercan Fishing Lines, FOX International, Schneider Fishing Lines, FirstDart, Jarvis Walker Pty and others.
Monofilament Fishing Line Market is segmented based on the type, applications, companies and regions.
By Type, Monofilament Fishing Line Market has been segmented into
By Applications, Monofilament Fishing Line Market has been segmented into
Asia Pacific was the largest market for monofilament in previous year owing to enlarged fish production and other seafood joined with the huge availability of economic resources. Europe is likely to witness a significant growth during the review period with refreshing automotive industry in this region. North America is the prominent region in the global monofilament market as a result of growing consumption of seafood especially in the U.S. Growing clothing and fabric market as a result of rising spending on the apparels coupled with high per capita income of the consumers is likely to boost the product demand. Additionally, France being the largest producer of wine is likely to exhibit a significant growth during the review period. Latin American region is expected to show a considerable growth on account of growing lifestyle procedures market such as surgical and non-surgical aesthetics & ophthalmology, especially in Brazil and Mexico. Europe occupied 33.13% of the sales market in 2017. It is followed by North America and Japan, which respectively account for around 26.67% and 15.99% of the global total industry. Other countries have a smaller amount of sales.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 5.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | PureFishing, Sunline, Sufix International, Toray, SHIMANO INC, DAIWA, Maxima Fishing Line, Momoi, Ultima, Seaguar, FORTUNE, Ande Monofilament |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages |
118
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Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Which is the biggest growth driver of the global monofilament market?
The large fishing business is the main driver of the global monofilament market.
Which is the biggest trial facing the global monofilament market?
Loss of marine locales due to continuous fishing may be damaging to the global monofilament market growth.
Which region holds the largest market share?
Asia Pacific occupies the largest market share in the global monofilament market due to the growing health sector.
Name the prime players within the global monofilament market?
NYCOA, Zeus Industrial Products, Inc., Jarden Applied Materials, Jarden Process Solutions, SUPERFIL, Engineered Monofilaments Corporation, Hinafil India Limited
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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