Agricultural Grow Bags Market size to grow by USD 190 Mn | Use Of Double-layered Agricultural Grow Bags to Boost Growth | Technavio
NEW YORK, Jan. 17, 2022 /PRNewswire/ — The global agricultural grow bags market is highly fragmented with the presence of a large number of domestic and international players. Vendors in the market are listing themselves as sellers on e-commerce websites. The growing competition in the market is driving many vendors to offer differentiated products.
Technavio expects the agricultural grow bags market to grow by USD 190.00 million between 2020 and 2025, progressing at a CAGR of almost 5% during the forecast period.
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Bloem LLC, Dolphin Plastics, Dutch Plantin BV, FibreDust LLC, JIFFY GROUP, Laizhou Guoliang Packing Products Co. Ltd., Rain Science Grow Bags, The Green Yard, Van der Knaap Group, and WHS Australia are some of the major market participants.
The use of double-layered agricultural grow bags, increased adoption of fabric agricultural grow bags for high yield will offer immense growth opportunities. However, concerns over the environmental pollution caused by plastic agricultural grow bags will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. This study identifies improvements in precision irrigation systems as one of the prime reasons driving the agricultural grow bags market growth during the next few years.
Agricultural Grow Bags Market 2021-2025: Segmentation
Agricultural Grow Bags Market is segmented as below:
- North America
- South America
By material, the market witnessed maximum demand for agricultural grow bags made of polythene. These bags are non-biodegradable but are recyclable. They retain moisture and gas effectively compared to grow bags made of fabric. These bags also require lesser irrigation as there is no leakage. These benefits are driving the growth of the polythene segment.
By geography, North America is expected to offer significant growth opportunities for market players during the forecast period. The growing popularity of greenhouse horticulture and the legalization of marijuana harvesting are driving the growth of the agricultural grow bags market in North America. Also, the increasing adoption of hydroponics technologies by local farmers is contributing to the regional market growth.
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Agricultural Grow Bags Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the agricultural grow bags market. Backed with competitive intelligence and benchmarking, our research reports on the Agricultural Grow Bags Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Agricultural Grow Bags Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist agricultural grow bags market growth during the next five years
- Estimation of the agricultural grow bags market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the agricultural grow bags market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of agricultural grow bags market vendors
Connected Agriculture Market by Component and Geography – Forecast and Analysis 2022-2026
Drip Irrigation Systems Market by End-user, Dripper Type, and Geography – Forecast and Analysis 2021-2025
Agricultural Grow Bags Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5%
Market growth 2021-2025
USD 190.00 million
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 29%
Key consumer countries
US, China, France, Brazil, and India
Leading companies, competitive strategies, consumer engagement scope
Bloem LLC, Dolphin Plastics, Dutch Plantin BV, FibreDust LLC, JIFFY GROUP, Laizhou Guoliang Packing Products Co. Ltd., Rain Science Grow Bags, The Green Yard, Van der Knaap Group, and WHS Australia
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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