Agricultural Grow Bags Market Size

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.