Agro Textiles Market by 2027 The global market value was USD 13,458.7 million, Fortune Business Insights™
The global agro textiles market size is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. Rising concerns surrounding food security across the globe will be a key growth propeller for this market, states Fortune Business Insights™ in its report, titled “ Agro Textiles Market Size, Share & Industry Analysis, By Product (Shade Nets, Mulch Nets, Fishing Nets, Anti-Hail & Bird Protection, and Others), By Application (Agriculture, Aquaculture, Horticulture & Floriculture, and Others), and Regional Forecast, 2020-2027 ”. According to the Food and Agriculture Organization (FAO) of the UN, around 9.2% of the global population suffered from acute food insecurity and 17.2% experienced moderate food insecurity in 2018. The intensity of food insecurity is likely to get heightened with rapid growth in global population, which is forecasted to reach 9.7 billion by 2050, as per data from the World Bank. In such a situation, the ne...