Increasing Aquaculture Production Around The Globe Is Fostering The Growth Of The Trawl Ropes And Nets Market
Increasing aquaculture production and growing commercial fishing is a key factor contributing to the growth of the global trawl ropes and nets market. According to The State of World Fisheries and Aquaculture 2020, in 2018, inland aquaculture produced 51.3 million tons of aquatic animals, accounting for 62.5 percent of the world’s farmed food fish production. Growing demand for seafood around the globe is another key factor augmenting the growth of the global trawl ropes and nets market. According to the World Wildlife Fund, approximately 3 billion people in the world rely on wild-caught and farmed seafood as a primary source of protein. According to the OECD Agricultural Outlook, it is projected that fish production will predominantly continue to be consumed as food (178 Mt in 2028), with only 9.4% utilized for non-food uses (mainly as fishmeal and fish oil). The share of fish for human consumption originating from aquaculture is projected to increase from 52% (a...