The global Monofilament Fishing Line Market is estimated to be valued at US$ 382.4 Million in 2023 and is expected to exhibit a CAGR of 4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Monofilament fishing line is used on spinning and casting rods for freshwater and light saltwater fishing. It floats on water, providing visual aid to anglers for detecting light bites. Its smooth surface slips through rod guides with little resistance allowing long casts. Braided fishing lines are also gaining popularity due to their low stretch qualities.
Market key trends:
One of the key trends in the monofilament fishing line market is the growing popularity of braided fishing lines. Braided fishing lines are made of many small diameter strands fused or woven together and provide high strength. They tend to have little or no stretch which helps anglers feel even minor strikes and bites on the line. Braided lines allow longer casts with lighter lures compared to conventional monofilament lines. Their micro fine diameter results in low visibility under water which is beneficial for applications involving lure presentation.
Segment Analysis
The global monofilament fishing line market is segmented based on types which includes below 25 lb, 25-50 lb and above 50 lb. The below 25 lb segment dominates the market owing to its extensive usage for fishing light weights fish. This segment requires thin diameter lines which can tackle lighter fish with finesse.
Key Takeaways
The Global Monofilament Fishing Line Market Size is expected to witness high growth, exhibiting CAGR of 4% over the forecast period, due to increasing popularity of recreational fishing.
Regional analysis
North America dominates the monofilament fishing line market and is expected to continue its dominance owing to rising recreational fishing activities in the US and Canada. Asia Pacific is expected to exhibit the fastest growth in the monofilament fishing line market over the forecast period due to increasing fishing activities and growing consumer demand in China and India.
Key players
Key players operating in the monofilament fishing line market are Berkley Fishing, Sufix Fishing Line, PowerPro, Spiderwire, Stren Fishing Line, Ande Monofilament, Seaguar, Momoi Fishing Line, Daiwa Corporation, Shimano Fishing, Rapala Fishing Line, P-Line, Yo-Zuri Fishing, Sunline, YGK Fishing Line. The global monofilament fishing line market is concentrated in nature with few global players dominating the market.
Read More: https://www.ukwebwire.com/monofilament-fishing-line-market-size-share-and-growth-forecast-2023-2023/
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