The Aquaculture Cages Market size is expected to grow by USD 70 million from 2021 to 2026, according to the latest market research report by Technavio. The growing end-user inclination toward HDPE aquaculture cages will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report
also analyzes other significant trends and market drivers that will influence market growth over 2021-2026.
Aquaculture Cages Market Analysis This market research report segments the aquaculture cages market by Geography (APAC, North America, Europe,
South America, and the Middle East and Africa).
APAC will account for 72% of market growth. The two biggest markets in APAC for aquaculture cages are China and India. Compared to the Middle East and Africa, this region’s market will increase more quickly. The expansion of the aquaculture cages market in APAC over the anticipated period would be aided by the region’s expanding aquaculture, which boosts the demand for aquaculture accessories.
The freshwater aquaculture cages segment will significantly increase its market share. Aquaculture in freshwater cages is a significant sector of the economy since it helps satisfy the rising demand for freshwater fish. For aquaculture farmers that operate on a modest scale, freshwater cage farming is a great alternative. The rising end-user preference for these types of freshwater aquaculture cages will fuel market expansion throughout the predicted timeframe.
Aquaculture Cages Market Vendor Landscape The growing competition in the market is compelling vendors to adopt various growth strategies such as
promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
AKVA group, Alfa Laval Corporate AB, Asakua Su Urunleri Ltd., Badinotti
Group SPA, China Lesso Group Holdings Ltd., Das and Kumars, Fish Farm
LLC, Gael Force Group Ltd., Garware Technical Fibres Ltd., GiliOcean
Technology Ltd., KJ, Linde Plc, and MSD AQUACULTURE among others.
Product News and Insights
? akvagroup.com: The company offers feed barges, fish farming cages,
centralized feed systems, sensors, cameras, biomass estimation systems,
light systems, net cleaning systems and remotely operating vehicles.
? Badinotti Group SPA: The company offers aquaculture cages under the
brands Combined, Duramax, and Next.
? gaelforcegroup.com: The company offers Aquaculture, Commercial
Fishing, Leisure Marine, Boatyard Services, Marine Moorings, Marinas, and
Pontoons.
Source- PRNewswire
