Agricultural Grow Bags Market size was valued at USD 228.5 million in 2023 and is likely to reach USD 505.61 million by 2036, registering around 6.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of agricultural grow bags is assessed at USD 240.02 million. The growth of the market can be attributed to the rise in improvements in precision irrigation systems to minimize water usage, growing agricultural development globally and increasing adoption of fabric agricultural grow bags to improve crop yield. According to the World Bank, in 2018, agriculture accounted for 4 percent of the total gross domestic product of the world. It was calculated to be more than 25 percent in some developing nations that same year. In addition to these, grow bags are breathable, which results in better aeration, ability to allow removal of excess heat from the plants and prevention of soil compaction. This is expected to be a prominent factor escalating the demand for agricultural grow bags in the upcoming years. Furthermore, increasing preference of growers with heavy soil to choose these bags and their ease of use are also projected to boost the growth of the market in the near future.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.3% |
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Base Year Market Size (2023) |
USD 228.5 million |
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Forecast Year Market Size (2036) |
USD 505.61 million |
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Regional Scope |
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The market is segmented by raw material into fabric, and polypropylene, out of which, the fabric segment is anticipated to hold the largest share in the global agricultural grow bags market on account of the fact that fabric agricultural bags have pores allowing proper aeration of roots. Along with this, the cost effectiveness of these bags is also predicted to drive growth to the market segment in the future. Additionally, on the basis of application, the segment for fruits and vegetables is assessed to acquire the largest share during the forecast period in view of the high usage of grow bags for cultivating plants, especially tomatoes, carrots, potatoes and various other salad crops, in areas with bad soil.
Our in-depth analysis of the global agricultural grow bags market includes the following segments
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By Raw Material
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By Product |
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By Application
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On the basis of geographical analysis, the global agricultural grow bags market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America is set to hold largest revenue share by 2036, on the back of high adoption of agricultural grow bags after legalization of marijuana and the hike in its usage, and growing availability of premium quality products. In addition, strong presence of major market players is also expected to drive market growth in the region. Moreover, the agricultural grow bags market in Europe is also projected to grab a significant share by the end of 2030, which can be credited to the presence of favorable climatic conditions for cultivation, and increasing research and development activities associated with agricultural development in the region.
January 2021: Van der Knaap, the leading manufacturer of agricultural grow bags, opened a new production location in Mexico to serve the local market even better.
Author Credits: Nilanjana Ray
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