The Agricultural Grow Bags Market observes a Year-over-Year growth of 4.05% in 2021 and the growth momentum is expected to accelerate at a CAGR of 4.68% during the forecast period. The use of double-layered agricultural grow bags removes much of the heat from the roots to avoid pruning and girdling and thus increases crop yields. Technavio's Agricultural Grow Bags Market report analysis identifies that the market value is expected to post an incremental growth of USD 190 million during the forecast period.
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Top Drivers Boosting Agricultural Grow Bags Market Growth
The Agricultural Grow Bags Market is driven by the increased adoption of fabric agricultural grow bags. The pores in the fabric agricultural grow bags will allow aeration of roots, thus removing heat from the root. The well-developed roots will help in achieving increased yield. In addition, the use of double-layered agricultural grow bags is anticipated in driving the growth of the market. However, the environmental pollution from plastic agricultural grow bags will impede market growth.
Segmentation of Agricultural Grow Bags Market
Agricultural Grow Bags Market is segmented by Material (Polythene and Fabric) and Geography (North America, Europe, APAC, MEA, and South America). Polythene is a non-biodegradable material but has higher recycling facilities. The market share for polythene material will be higher in packaging and agricultural grow bags.
North America will record a significant growth rate of 29% and is expected to offer several growth opportunities to market vendors during the forecast period. Greenhouse horticulture is growing in North America, and the farmers are increasingly aware of its advantages that will facilitate the agricultural grow bags market growth.
Vendor Landscape of Agricultural Grow Bags Market
The agricultural grow bags market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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.
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Key Data covered in the Agricultural Grow Bags Market
