Cargo Nets Market

Cargo Nets Market Outlook (2022-2032)

The global cargo nets market is worth US$ 670.2 million at present and is predicted to expand at a noteworthy CAGR of 7.3% to reach a market size of US$ 1.4 billion by the end of 2032.

Cargo nets are widely used in the application of logistics and transportation, which will increase at a CAGR of 7.4% over the decade. Overall, revenue from the sales of cargo nets accounted for around 5% share of the global cargo packaging market at the end of 2021.

Report Attributes	Details
Cargo Net Market Size (2021A)	US$ 629.1 million
Estimated Market Value (2022E)	US$ 670.2 million
Forecasted Market Value (2032F)	US$ 1.4 billion
Global Market Growth Rate (2022-2032)	7.3% CAGR
North America Market Share (2021)	~21.2 %
East Asia Market Growth Rate (2022-2032)	~7.8% CAGR
United States Market Growth Rate (2022-2032)	~7.2% CAGR
Market Share of Top 5 Companies	~23.2%
Key Companies Profiled	ACM Aeronet Allsafe GmbH and Co KG Amsafe Bridport Ancra Cargo Apex Mills Barry Cordage Cargo Systems Consolidated Cordage Corporation Davis Aircraft Products Co Inc Eagle Industries Gpi Forankra Mazzella Companies Sandow Technic Satco Sealicone Taiwan Fylin Industrial US Netting Inc

Demand Analysis of Cargo Nets (2017-2021) Vs. Market Forecasts (2022-2032)

Manufacturing companies will continue to see a rise in the demand for cargo nets due to the rapid increase in logistics and transportation. Major players are focusing on developing the super quality of nets and services provided to customers.

• Short Term (2022 Q2 to 2025): Increasing utilization and integration of cargo nets in the logistics and transportation sector to positively impact market growth.
• Medium Term (2025-2028): North America and East Asia anticipated to witness high demand for cargo nets with rising demand for material handling.
• Long Term (2028-2032): Advancements in quality of cargo netting to increase utilization in military and defense sectors.

The global market for cargo nets progressed at a CAGR of 2% between 2017 and 2021, according to Fact.MR, a market research and competitive intelligence provider. Detailed analysis reveals that the market will exhibit growth at 7.3% CAGR through 2032.

Market share analysis of cargo nets based on type and region. As per net type, floor to floor nets leads with 54.3% market share in 2022.

What are the Demand Drivers for the Cargo Nets Market?

“Multi-Purpose Use in Military & Defense to Fuel Demand for Cargo Nets”

Cargo nets have multiple use cases in military and defense. Rugged rope cargo netting is used extensively for both, crawling and climbing courses. For various reasons, cargo nets are used in aircraft carriers to protect large and heavy equipment that may blow over the edge due to strong winds on the flight deck.

In aircraft, safety nets are used on the sides that are similar to the nets for fall protection at construction sites. It is extremely difficult for damaged planes to land normally, which needs precautions with the goods loaded on the plane.

Cargo nets have been used in military air drops since World War II to get supplies into areas that are unreachable by land. They not only deliver equipment and weapons but also food and medical items during humanitarian missions.

Owing to the aforementioned factors, the market for cargo nets is expected to showcase 2X growth over the forecast period.

“Increasing Logistics & Transportation to Support Market Growth”

The most essential part of logistics and transportation is the packaging and storage of goods. By increasing efficiency and lowering the cost with a higher production rate, smartly using warehouse space will increase the success of the logistics sector.

Cargo nets are deployed in these sectors as they are easy to use and cost less as compared to other products. By putting all things together at once, the cargo net makes it easier to transport larger as well as smaller loads. As such, market demand for cargo nets is anticipated to increase with the rapid growth of the logistics and transportation sectors.

Country-wise Insights

Why is the U.S. Cargo Net Market Expected to Expand 2X Over the Decade?

The United States cargo net market is currently estimated at US$ 120.7 million and is expected to reach US$ 256 million by 2032.

The logistics industry in the United States has a highly integrated supply chain network that is linked to consumers and producers through various transportation modes such as freight rail, truck transport, and express air transport. The logistics of physical items typically involve the integration of material handling, packaging warehousing, and much more.

In 2020, the export value of the United States via air freight accounted for US$ 26.1 billion and the volume of rail freight transport accounted for just over 2.1 trillion tonne-kilometer.

Netting has been used in the aerospace and military sectors for a multitude of purposes. Most of the cargo netting is used to secure payloads, both, in transit to aircraft as well as during flight.

Why is the China Cargo Net Market Highly Lucrative?

China is expected to be the highest contributor to the cargo net market and is expected to reach a valuation of US$ 254.3 million by 2032.

In the last decade, rapid economic growth has been experienced in China, especially in the logistics sector. With the increase in foreign investments and enhancements in logistics systems due to expanding international trade, China is the leading country in the logistics sector. Cargo nets are also widely used in the military for securing or moving large and bulky items.

Alongside, with increasing infrastructure in the logistics and transportation sectors, the China market is expected to grow 2.1X during the forecast period. Most manufacturers are focusing on providing highly robust products that will be very beneficial for operators to carry loads easily and efficiently.

Category-wise Insights

Why is the Prominence of Floor to Floor Cargo Nets Surging?

Cargo nets are the best and most versatile type of packaging systems that are widely used for packaging and material handling in cargo shipping transport. They are transparent, due to which, it becomes easier for operators to look over the goods carried within the cargo net.

Cargo nets are the ideal solution to accommodate different sizes of boxes while transportation. Floor to floor cargo nets is more versatile and efficient. They can be quickly used everywhere by just loading and tightening the straps.

Due to their durability, reliability and cost-effectiveness, the integration of floor to floor cargo nets has witnessed significant growth at 8% CAGR and is expected has reached a market valuation of US$ 379.8 million in 2022.

Why are Polypropylene Cargo Nets Most Widely Used?

Polypropylene cargo netting has flexibility, which makes it easier to adjust the netting size of the load. It becomes easier to see the load through the cargo netting. When the load is visible, it also becomes simpler to check the load and adjustments can be made quicker.

Using a cargo net makes it easier to transport large goods. Polypropylene cargo netting is inexpensive, durable, and versatile. Due to its multi-functional use, it is widely used in several sectors such as aerospace, military & defense, and many more.

Thus, the adoption of polypropylene cargo nets has increased steadily, surpassing a market valuation of US$ 382.9 million at the end of 2021.

Furthermore, with the mounting usage of cargo nets in military and transportation applications, sales of polypropylene cargo nets is predicted to increase rapidly at a CAGR of 8.1% through 2032.

Competitive Landscape

Key cargo net manufacturers are ACM, Aeronet, Allsafe GmbH and Co, KG, Amsafe Bridport, Ancra Cargo, Apex Mills, Barry Cordage, Cargo Systems, Consolidated Cordage Corporation, Davis Aircraft Products Co Inc, Eagle Industries, Gpi Forankra, Mazzella Companies, Sandow Technic, Satco, Sealicone, Taiwan Fylin Industrial, and US Netting Inc.

Manufacturers of cargo nets are focusing on the quality of the product for the safety and security of material handling while transporting. They are delivering products of superior quality that are flexible, reliable, and durable.

• In November 2021, Amsafe Bridport’s was acquired by Hong Kong Government Flying service for their lightweight helicopter under-slung load equipment due to its versatility and robustness in helicopter operations.

Fact.MR has provided detailed information about the price points of key manufacturers of cargo nets positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Cargo Net Industry Research

• By Net Type :

  • Floor to Floor Nets
  • Pallet Nets
  • Underslung / Hoist Nets
  • Others (Barrier Nets / Baggage Nets)

• By Material Type :

  • Plastic Cargo Nets
    • Nylon Cargo Nets
    • Polyester Cargo Nets
    • Polypropylene Cargo Nets
  • Others

• By Load Capacity :

  • Up to 5000 lbs
  • 5000-10000 lbs
  • 10000-20000 lbs
  • Above 20000 lbs

• By Application :

  • Aerospace
  • Military & Defense
  • Logistics & Transportation
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA