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Agricultural Grow Bags Market

Segmentation by Raw Material (Fabric, and Polypropylene); by Product (Upright, and Horizontal); by Application (Fruits and Vegetables, Commercial Crops, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3358 | Published On: Feb 08, 2023
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Market Segmentation

Our in-depth analysis of the global agricultural grow bags market includes the following segments:

By Raw Material

  • Fabric
  • Polypropylene

By Product

  • Upright
  • Horizontal

By Application

  • Fruits and Vegetables
  • Commercial Crops
  • Others

Growth Drivers

  • Growing Improvements in Precision Irrigation Systems
  • Rising Adoption of Fabric Agricultural Grow Bags

Challenges

  • Environmental Pollution Caused by Plastic Agricultural Grow Bags


Agricultural Grow Bags Market
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Global Agricultural Grow Bags Market Regional Synopsis
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On the basis of geographical analysis, the global agricultural grow bags market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the North America region is estimated to gather the largest share and witness noteworthy growth over the forecast period on the back of high adoption of agricultural grow bags after legalization of marijuana and the hike in its usage, and growing availability of premium quality products. For instance, in Canada, in the first quarter of 2018, before the legalization of marijuana, 14 percent citizens reported cannabis use, which grew up to more than 17 percent in the first quarter of 2019. In addition, strong presence of major market players is also expected to drive market growth in the region. Moreover, the market in Europe is also projected to grab a significant share by the end of 2030, which can be credited to the presence of favorable climatic conditions for cultivation, and increasing research and development activities associated with agricultural development in the region.

The global agricultural grow bags market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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Top Featured Companies Dominating the Market

    • Dutch Plantin BV
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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

In The News

  • January 2021: Van der Knaap, the leading manufacturer of agricultural grow bags, opened a new production location in Mexico to serve the local market even better.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the agricultural grow bags market?

Ans: The major factors driving market growth are growing improvements in precision irrigation systems and rising adoption of fabric agricultural grow bags.

2) What would be the CAGR of agricultural grow bags market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the agricultural grow bags market growth?

Ans: Environmental pollution caused by plastic agricultural grow bags is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of agricultural grow bags market in future?

Ans: North America will provide more business opportunities for market growth owing to the high adoption of agricultural grow bags after legalization of marijuana in the region.

5) Who are the major players dominating the agricultural grow bags market?

Ans: The major players in the market are Dutch Plantin BV, Bloem LLC, Dolphin Plastics, The Green Yard, Van der Knaap Group, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the agricultural grow bags market?

Ans: The market is segmented by raw material, product, application, and by region.

8) Which segment captures the largest market size in the raw material segment in the agricultural grow bags market?

Ans: The fabric segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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