Global Fishing Hunting And Trapping Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
19 Feb, 2021
The fishing, hunting and trapping market consists of sales of fishing, hunting and trapping products by entities (organizations, sole traders and partnerships) that are engaged in fishing (including commercial aquaculture), hunting and trapping activities. This market excludes processed products such as canned food and game meat (after butchering). This market also excludes proceeds from captive (internal) consumption of the `fishing, hunting and trapping` produce for further processing.
Global Fishing Hunting And Trapping Market Size And Drivers:
The global fishing, hunting and trapping market is expected to grow from $882.12 billion in 2020 to $944.38 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The market is expected to reach $1.17 trillion in 2025 at a CAGR of 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Fishing Hunting And Trapping Market
Technological advanced Fish Aggregating Device (FAD) are increasing being adopted by the fishing companies for increased production. FAD is a structure or device, made of any material, used to lure fish. In recent years, the FAD is available with sonar and satellite buoys for receiving efficient tracking information related to the marine animals.
Global Fishing Hunting And Trapping Market Segments:
The global fishing hunting and trapping market is further segmented based on type and geography.
By Type:Fishing, Hunting And Trapping
By Geography:The global fishing hunting and trapping market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global fishing, hunting and trapping market, accounting for 78% of the total market.
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Fishing Hunting And Trapping Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fishing hunting and trapping market overviews, analyzes and forecasts market size and growth for the global fishing hunting and trapping market, fishing hunting and trapping market share, fishing hunting and trapping market players, fishing hunting and trapping market segments and geographies, fishing hunting and trapping market’s leading competitors’ revenues, profiles and market shares. The fishing hunting and trapping market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.