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Vietnam Nylon Knotted Fishing Net Market 2023-2029 Industry, Size, Analysis, Share, Outlook, Forecast, Revenue, Growth, Trends, Value, Segmentation & COVID-19 Impact: Market Forecast By Product Type, By End User And Competitive Landscape

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    Report

  • 62 Pages
  • October 2023
  • Region: Vietnam
  • 6W Research
  • ID: 5953425

Vietnam Nylon Knotted Fishing Net Market Synopsis

The Vietnam Nylon Knotted Fishing Net Market has experienced significant growth in recent years, driven by the increasing global demand for seafood and government support for the fishing industry. Vietnam is the second-largest exporter of aquatic animals in 2020 after China, with a 15% share in exports, has seen a surge in its seafood export business. However, the COVID-19 pandemic had a dampening effect on the market as restrictions on the export of aquatic animals and reduced fishing vessel activities in ports led to a 10-30% decrease in their frequency.

According to this research, the Vietnam Nylon Knotted Fishing Net Market is projected to grow at a CAGR of 3.4% from 2023 to 2029, this growth could be attributed to the 'National Program on Aquaculture Development for the period 2021-2030' which broadly outlines a development plan for the fisheries sector and aquaculture. It includes targets for two five-year periods and aims for aquaculture production to contribute 106 million tons by 2030, with the overarching goal of achieving a total production of aquatic animals reaching 202 million tons. Vietnam benefits from favourable natural sea conditions for aquaculture, along with abundant freshwater aquatic resources in the Red River and the Mekong Delta basins, allowing for year-round aquaculture activities. Furthermore, foreign corporations such as Japfa, which has invested over US$6.5 million, and other global firms like C.P., New Hope, and Emivest, have injected substantial capital into the production and processing of marine products in Vietnam. This influx of investments is expected to further boost the production and processing of aquatic animals. As a result, the increased production and export of aquatic animals are poised to drive the demand for fishing gear, especially nylon-knotted fishing nets, leading to growth in the Vietnam nylon-knotted fishing net market in the coming years.

Market by Product Type

By product type, depthway acquired the majority share in Vietnam nylon knotted fishing net market owing to their applicability in the commercial fishing industry for species such as fish and squid. However, in the coming future, the rising aquaculture sector in Vietnam will create the demand for lengthy segment to grow at the fastest pace.

Market by End Users

By end user, commercial has accounted for the largest revenue share in 2022 as Vietnam is one of the world's leading seafood exporters, driving the growth and dominance of the commercial fishing sector in the market. Furthermore, the commercial sector is poised for future expansion, owing to government initiatives aimed at increasing aquaculture production to 106 million tons by 2030.

Market by Region

The presence of major ports and the shipping route along with the Mekong River delta provides a diverse and fertile ecosystem that supports both freshwater and saltwater species, contributing to the overall abundance of fish and seafood in the southern area.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Vietnam Nylon Knotted Fishing Net Market Overview
  • Vietnam Nylon Knotted Fishing Net Market Outlook
  • Vietnam Nylon Knotted Fishing Net Market Forecast
  • Historical Data and Forecast of Vietnam Nylon Knotted Fishing Net Market Revenues for the Period 2019-2029F
  • Historical Data and Forecast of Market Revenues, By Product Type, for the Period 2019-2029F
  • Historical Data and Forecast of Market Revenues, By End Users, for the Period 2019-2029F
  • Historical Data and Forecast of Market Revenues, By Region, for the Period 2019-2029F
  • Market Drivers and Restraints
  • Vietnam Nylon Knotted Fishing Net Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Vietnam Nylon Knotted Fishing Net Market Share, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

  • Depthway
  • Lengthway

By End Users

  • Individual
  • Commercial
  • Recreational
  • Aquaculture

By Region

  • Northern
  • Central
  • Southern

Table of Contents

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Vietnam Nylon Knotted Fishing Net Market Overview
3.1 Vietnam Nylon Knotted Fishing Net Market Revenues, 2019-2029F
3.2 Vietnam Nylon Knotted Fishing Net Market Industry Life Cycle
3.3 Vietnam Nylon Knotted Fishing Net Market Porter’s Five Forces
4. Vietnam Nylon Knotted Fishing Net Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Vietnam Nylon Knotted Fishing Net Market Trends & Evolution
6. Vietnam Nylon Knotted Fishing Net Market Overview, By Product Type
6.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share and Revenues, By Product Type, 2019-2029F
6.1.1 Vietnam Nylon Knotted Fishing Net Market Revenues, By Depthway, 2019-2029F
6.1.2 Vietnam Nylon Knotted Fishing Net Market Revenues, By Lenghtway, 2019-2029F
7. Vietnam Nylon Knotted Fishing Net Market Overview, By End Users
7.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share and Revenues, By End Users, 2019-2029F
7.1.1 Vietnam Nylon Knotted Fishing Net Market Revenues, By Individual, 2019-2029F
7.1.2 Vietnam Nylon Knotted Fishing Net Market Revenues, By Commercial, 2019-2029F
7.1.3 Vietnam Nylon Knotted Fishing Net Market Revenues, By Aquaculture, 2019-2029F
7.1.4 Vietnam Nylon Knotted Fishing Net Market Revenues, By Recreational, 2019-2029F
8. Vietnam Nylon Knotted Fishing Net Market Overview, By Region
8.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share and Revenues, By Region, 2019-2029F
8.1.1 Vietnam Nylon Knotted Fishing Net Market Revenues, By Northern, 2019-2029F
8.1.2 Vietnam Nylon Knotted Fishing Net Market Revenues, By Central, 2019-2029F
8.1.3 Vietnam Nylon Knotted Fishing Net Market Revenues, By Southern, 2019-2029F
9. Vietnam Nylon Knotted Fishing Net Market Key Performance Indicators
10. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment
10.1 Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Product Type, 2029F
10.2 Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By End Users, 2029F
10.3 Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Region, 2029F
11. Vietnam Nylon Knotted Fishing Net Market Competitive Landscape
11.1 Vietnam Nylon Knotted Fishing Net Market Revenue Share/Ranking, By Companies, 2022
11.2 Vietnam Nylon Knotted Fishing Net Market Competitive Benchmarking, By Technical Parameters
11.3 Vietnam Nylon Knotted Fishing Net Market Competitive Benchmarking, By Operating Parameters
12. Company Profiles
12.1 King Chou (Vietnam) Marine Technology Co., Ltd.
12.2 Thien Phuoc Production And Trading Company Limited
12.3 Thai Viet Net Joint Stock Company
12.4 Penro Industries (Vietnam) Co. Ltd.
12.5 PRO Khon Kaen Fising Net Factory Co.,Ltd
12.6 Saigon Fishing Net Joint Stock Company
12.7 Nam Yang Fishing Net Co., Ltd
13. Key Strategic Recommendations14. Disclaimer
List of Figures
1. Vietnam Nylon Knotted Fishing Net Market Revenues, 2019-2029F ($ Million)
2. Sustainable Consumption and Production Supply Chain
3. Vietnam Nylon Knotted Fishing Net Market Revenue Share, By Product Type, 2022 & 2029F
4. Vietnam Nylon Knotted Fishing Net Market Revenue Share, By End User, 2022 & 2029F
5. Vietnam Nylon Knotted Fishing Net Market Revenue Share, By Region, 2022 & 2029F
6. Fishing Production in Vietnam, (1000 Million tons)
7. Vietnam Seafood Export, By Country, 2020
8. Production Share of Fishery Caught, By Kind of Activity By Production, 2022
9. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Product, 2029F
10. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By End User, 2029F
11. Vietnam Nylon Knotted Fishing Net Market Opportunity Assessment, By Region, 2029F
12. Vietnam Nylon Knotted Fishing Net Market Revenue Ranking, By Companies, 2022
List of Tables
1. Vietnam’s Top Seafood Export Markets In 2022
2. Vietnam’s Fisheries Industry Development Targets For 2021-2030
3. Vietnam Nylon Knotted Fishing Net Market Revenues, By Product Type 2019-2029F ($ Million)
4. Vietnam Nylon Knotted Fishing Net Market Revenues, By End User, 2019-2029F ($ Million)
5. Vietnam Nylon Knotted Fishing Net Market Revenues, By Region, 2019-2029F ($ Million)
6. Vietnam Fishing Production, By Top 5 Province, 2022 (Thousand Ton)
7. Aquaculture/Fishery Harvested Area By Aquaculture Area, 2018-2022, In (Thousand Hectare)
8. Aquaculture/Fishery Harvested Area By Provinces, 2018-2022, In (Thousand Hectare)

Companies Mentioned

  • King Chou (Vietnam) Marine Technology Co., Ltd.
  • Thien Phuoc Production And Trading Company Limited
  • Thai Viet Net Joint Stock Company
  • Penro Industries (Vietnam) Co. Ltd.
  • PRO Khon Kaen Fising Net Factory Co.,Ltd
  • Saigon Fishing Net Joint Stock Company
  • Nam Yang Fishing Net Co., Ltd