Major companies in the fishing, hunting and trapping market include Angler’s Legacy; American Sportfishing Association; Keep America Fishing Organization; National Association of Sporting Goods Wholesalers and National Rifle Association.
New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Fishing, Hunting And Trapping Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018820/?utm_source=GNW
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 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. The market is expected to reach $1170.23 billion in 2025 at a CAGR of 6%.
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. The fishing, hunting and trapping market is segmented into fishing; and hunting and trapping.
Asia Pacific was the largest region in the global fishing, hunting and trapping market, accounting for 78% of the market in 2020. Western Europe was the second largest region accounting for 6% of the global fishing, hunting and trapping market. Middle East was the smallest region 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.
Read the full report: https://www.reportlinker.com/p06018820/?utm_source=GNW
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