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Pond Liners Market size is projected to record a substantial growth trajectory from 2023-2032, led by an increasing number of water conservation projects worldwide.
These liners offer a myriad of advantages including durability, low risk of leakage or breakage, and higher strength. The prevalence of commercial fish farming has increased substantially resulting in a solid demand for affordable fishpond liners. According to the Food & Agriculture Organization (FAO), aquatic food production is estimated to surge by 15% by 2030. Increasing government support is also expected to favor the industry trends. Citing an instance, the government of India announced its plans to amplify fish production to 22 million metric tons by 2024-25.
Pond liners are gaining momentum due to their ability to withstand an array of water and weather conditions and offer resistance against ozone, and oxidation. With rising foreign tourism, the number of artificial ponds and waterbodies has increased, propelling the need for adequate maintenance such as the installation of pond liners. Rising adoption in salt farming, coal ash containment, waste management, mining, and water management along with the growing concerns of water scarcity and the emphasized need to conserve water will further drive the product demand.
The emergence of the COVID-19 pandemic had a notable impact on the pond liners market with the influx of stringent pandemic measures, social distancing norms, lockdowns, and border controls. This affected the pricing model and demand for fish products. Leading major consumers of fish products, including restaurants, hospitality, and the catering sector experienced an unprecedented setback, negatively affecting fish production and aquaculture activities. However, the pandemic has spurred interest in residential and backyard fish farming activities.
Based on raw materials, the pond liners industry share from the butyl rubber segment is poised to register significant gains by 2032 ascribing to increasing need for low moisture & gas permeability, durability, resistance to abrasion, and shock absorption. Butyl rubber offers a variety of favorable features, including puncture resistance. It is used as a raw material in pond liners across lakes, reservoirs, wildlife ponds, and other small water bodies.
Regionally, Latin America pond liners market is set to expand at a steady rate by 2032. Countries in LATAM are experiencing a notable rise in aquaculture production while the tilapia farming industry is witnessing substantial growth in Brazil. Additionally, favorable government regulations and legal frameworks focusing on enhancing access to clean water and proper sewage treatment are anticipated to consolidate the expansion of the pond liners industry in LATAM.
Some of the major companies in global pond liners market include GSE Environmental LLC (Solmax), HongXiang New Geo-Material Co. Ltd., Carlisle, Firestone, AGRU, Emmbi Industries Limited, and BTL Liners, among others. These industry players are foraying into strategic alliances and launching new products to gain competitive benefits.
The pond liners industry is likely to struggle with new geopolitical scenarios, such as the impact of the Russia-Ukraine war. According to the European Parliamentary Research Service, the invasion negatively affected the seafood sector in the EU with skyrocketing energy costs and prices of raw materials. In response, several governments are implementing strategic measures to empower aquaculture sectors to help recover the demand for pond liners. For instance, in March 2022, the EU Commission announced a temporary State aid policy to support economic growth in light of the war. Under the framework, the agency will grant fisheries and aquaculture companies more than USD 37,000 to offer liquidity support and subsidies.
Increasing consumption of seafood as a source of protein and growing awareness regarding holistic nutrition will boost aquaculture production in the forthcoming period. Moreover, advancements in sustainable fish farming will pave the way for increased pond liners adoption.