Agricultural Grow Bags Market Analysis by Raw Material (Polypropylene, and Fabric); by Product (Upright, and Horizontal); by Farming Method (Indoor Farm, and Outdoor Farm); and by Application (Fruits, Vegetables, Herbs & Medicinal, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2021-2031

Global Agricultural Grow Bags Market Size, Forecast, and Trend Highlights Over 2021 - 2031

The global agricultural grow bags market is estimated to garner a revenue of USD 218.0 Million by the end of 2031 by growing at a CAGR of 6.2% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 121.2 Million in the year 2021. Adverse climatic condition harms huge volume of crops. The use of grow bags facilitates plant roots to uptake maximum nutrient from soil. In 2021, in Rajasthan, India nearly 0.2 million hectare of Kharif crop was ruined due to flood and drought.

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Higher demand for fabric grow bags in order to find sustainable substitute of plastic grow bags. As plastic grow bags causes lots of pollution and there has been a wave of abandoning plastics. According to UN Environment Programme statistics, every year 400 million tonnes of plastic waste is generated every year. Furthermore, boosted requirement of food in world is to drive the agriculture production which in turn fuels the growth of agriculture grow bags market.

Global Agricultural Grow Bags Market: Growth Drivers and Challenges

Growth Drivers

• Rising Demand for Food with the Rising Population

Increasing population is imposing pressure on world for the production of more food in order to suffice their nutritional need. The global demand for food is expected to propel from about 59% to nearly 98% by 2050.

• Ban of Plastic Use in Various Countries

Our planet is choking in plastic, to curb this pollution, government of many nations have put ban on the use of plastic. In 2019, prime minister of India, Narendra Modi, announced complete ban of single-use plastic in entire nation. This single use-plastic included about 21 types of plastic items.

• Unfavorable Climate Affecting Agriculture

Unsuitable condition such as, heavy rain, storms, lack of rain, extreme heat and other has affected the growth of crops, fruits and plants for years. In this case grow bags are highly use as plant can grow efficiently in them, irrespective of climate condition. In 2021, India lots around 5 million hectare of crop due to hydro-meteorological calamity.

• Demand of Fabric Grow Bags Owing to its Efficiency

Fabric grow bags has efficiency to regulate the temperature, frequent watering is not required as they have excellent moisture holding capacity. They are easy to store and to be carried around. Owing to their favorability towards plant growth they are highly in demand. For instance, on storing thousand wheat seeds, after 8 months the moisture content in them was around 11% and the temperature was nearly 15-38 degree Celsius.

• Need to Restrict Water Wastage During Irrigation

Water is perquisite in irrigation, but a huge volume of water is also wasted in irrigation, grow bags minimize the wastage of water by pointing the water directly to the required areas. Poor management of water is leading to wastage of nearly 70% water in irrigation.

Challenges

• Plastic Made Grow Bags Leading to Environmental Pollution

• Low Durability as They Do Not Last as Long as Hard Containers

• Aesthetics is Been Compromised by Unappealing Looks of Grow Bag

Plastic grow bags cause soil and air pollution, they have toxic chemical which releases methane and carbon into air. These bags are non-biodegradable which increases the carbon content on the planet. Such a factor is therefore expected to hamper the growth of the global agriculture grow bags market.

The global agricultural grow bags market is segmented and analyzed for demand and supply by raw material into polypropylene and fabric. Out of two, the polypropylene segment is anticipated to hold the largest market size by the end 2031. It is to grow at a CAGR of 5.7% over the forecast period. Propylene grow bags are extensively used in greenhouse agriculture therefore, rise in greenhouse agriculture is to propel the market growth. In 2019, world greenhouse vegetable is spread in the total area of around 5,00,000 hectares. Furthermore, higher durability and permeability of polypropylene is to boost the market growth.

Global Agricultural Grow Bags Market Regional Synopsis

Regionally, the global agricultural grow bags market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Europe is projected to hold the largest market share by the end of 2031 garner a revenue of USD 72.2 million in the same year. The market in the region further garnered a revenue of USD 40.2 million in 2021 and is expected to grow at CAGR of 6.2% over the forecast period. This growth is attributed to decline in production of crops due to harsh heatwaves of Europe. All over across the continent, the production of maize, soya bean and sunflower is to fall by nearly 8%-9% due to hot weather. Furthermore, higher agricultural practices in Europe is to fuel the market growth. EU production of protein crops in 2020-2021 has reached to nearly 5 million tons. Higher demand of crops is to push the market in Europe. The import of maize is expected to increase by approximately 32% by 2030.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

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

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Key Companies Dominating the Global Agricultural Grow Bags Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global agricultural grow bags market that are included in our report are Rain Science Grow Bags, FarmTek, Aswini Agro, FibreDust LLC, Jiffy Group, Dutch Plantin, Wangara Horticultural Supplies, Van der Knaap Group, Dolphin Plastics, Bloem LLC, and others.

Global Agricultural Grow Bags Market: Latest Developments

• January, 2021: Van der Knaap Group, a leading manufacturer of grow bags introduced its new production unit in Mexico and is likely to be known by Van Der Knaap Mexico.

• May, 2021: Dutch Plantin is a leading producer coco substrate, grow bags and others. Company recently announced the launch of new company Grow.in.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• 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 Market Players Analysis & Opportunity Outlook

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