Fishing Line Market Size, Share & Industry Analysis, By Raw Material (Polyvinyl Chloride, Nylon, Polyvinylidene Fluoride, Polyethylene, Polyethylene Terephthalate, and Others), By Type (Mono-Filamentous, Braided, and Others), and Regional Forecast, 2024-2032

The global fishing line market size was valued at USD 1.63 billion in 2023. The market is projected to grow from USD 1.70 billion in 2024 to USD 2.57 billion by 2032 at a CAGR of 5.2% during the forecast period of 2024-2032.

Fishing line is a crucial component of angling, serving as the link between the angler and the fish. It comes in various types, each designed for different fishing techniques and conditions. It is commonly made from materials, such as nylon, fluorocarbon, or braided fibers, offering different levels of durability and performance based on fishing needs. Attached to a fishing rod and reel, it connects the bait to the angler. They are made from several raw materials, specially nylon, polyvinyl chloride, polyvinylidene fluoride, polyethylene, and polyethylene terephthalate.

When selecting a fishing line, several factors are considered, such as fishing location, target species, and personal preference based on handling and knots. Each type offers its own benefits and drawbacks, so understanding them can significantly enhance a user’s fishing experience.

MARKET DYNAMICS

MARKET TRENDS

Growth in Outdoor Activities and Adventure Tourism to Become Major Market Trend

Fishing is a popular choice for adventure tourists as it involves various activities. With its combination of relaxation and excitement, fishing appeals to both seasoned anglers and novices. Fishing trips often provide unique opportunities for tourists to connect with nature, making them integral to many adventure itineraries.

According to the Centre for the Promotion of Imports from Developing Countries (CBI) established by the Netherlands Ministry of Foreign Affairs, the global fishing tourism market is projected to reach USD 211.1 billion by 2033. This growth is particularly pronounced in regions with strong fishing cultures, such as Europe and the U.S., where recreational fishing is a major outdoor activity.

In Europe alone, there are about 25 million recreational anglers, who contribute significantly to local economies through expenditures on fishing activities and equipment. In the U.S., participation in recreational fishing has also increased, with over 54.5 million Americans engaging in fishing activities in 2022. This rise in participation directly correlates with the increased demand for fishing gear, including lines. As fishing becomes a staple in outdoor tourism, retailers may experience increased sales, making a broader range of fishing lines available to meet consumer demand. This trend will ultimately enhance the outdoor experience for fishing enthusiasts worldwide.

MARKET DRIVERS

Increase in Seafood Consumption to Propel Market Growth

The increase in seafood consumption is driving significant growth in the market. As more consumers prioritize health and wellness, the demand for seafood as a lean protein source has surged. This trend is not only benefiting seafood producers, but also has a ripple effect throughout the fishing industry, including the fishing line market. Growing awareness of the health benefits associated with seafood consumption, such as omega-3 fatty acids is encouraging more people to include fish in their diets. This shift is particularly evident in Southeast Asia, where seafood consumption per capita is expected to rise significantly.

As aquaculture becomes a primary source of seafood—surpassing traditional capture fisheries for the first time—there will be an increased requirement for fishing gear, including specialized lines designed for various aquaculture practices. The aquaculture sector is projected to nearly double its production in the future, necessitating the use of more robust and diverse fishing equipment. As consumer preferences shift toward sustainable and responsibly sourced seafood, there will be a growing market for eco-friendly fishing gear. This includes biodegradable lines and the use of materials that reduce environmental footprints, thereby aligning with the broader trends in sustainability within the food industry.

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MARKET RESTRAINTS

Inconsistent Fishing Demand Throughout the Year May Hamper Market Growth

Fishing is inherently seasonal and weather-dependent. Many regions experience peak fishing seasons during warmer months when anglers are more active. Conversely, colder months or periods of inclement weather see reduced fishing activity, leading to lower demand for fishing lines. This cyclical nature creates challenges for manufacturers who must manage production levels and inventory to align with these fluctuations. The sales of fishing lines often dip during off-peak seasons, which can lead to excess inventory and financial strain on retailers and manufacturers. For instance, while the demand for fishing gear tends to surge in the spring and summer seasons, it can plummet in the fall and winter seasons, creating a mismatch between supply and demand and affecting profitability.

Economic conditions also play a role. During economic downturns or periods of high inflation, consumers may prioritize essential spending over leisure activities like fishing, leading to decreased purchases of fishing lines. Conversely, when disposable incomes rise, there may be an uptick in the demand for high-quality fishing gear. Growing awareness of environmental issues related to fishing practices can also influence demand patterns. Consumers are increasingly seeking eco-friendly alternatives, leading to a shift toward sustainable fishing lines. However, the availability of such fishing products may not consistently meet the demand throughout the year.

MARKET OPPORTUNITIES

Government Support for Fishing Activities to Create Market Growth Opportunities

The fishing industry is crucial in many economies globally, providing livelihoods, food security, and recreational opportunities. Governments can implement a range of supportive policies and programs to stimulate demand for fishing lines and other related products. They are providing direct financial support to fishermen for purchasing fishing lines and equipment. This can include grants or low-interest loans that make it easier for fishermen to invest in quality gear. Moreover, offering tax breaks for fishing businesses can encourage investment in new equipment, including fishing lines, which could stimulate demand.

For instance, the Government of India launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY) which aims to promote sustainable development in the fisheries sector over a period of five years (2020-2025) with a total investment of USD 2.32 billion. The scheme focuses on enhancing fish production from 13.75 million metric tons to 22 million metric tons by 2024-25. Investments in port facilities, boat ramps, and access points can enable more fishing activities, increasing the demand for fishing supplies. Moreover, developing more recreational fishing areas can attract tourists and local anglers alike, thereby driving the adoption of fishing lines.

MARKET CHALLENGES

Environmental Regulations to Protect Marine Ecosystem May Hamper Market Growth

The demand for fishing lines, particularly the monofilament types, faces significant challenges due to environmental regulations aimed at promoting sustainable fishing practices. These regulations often mandate specific line strengths to mitigate overfishing and protect marine ecosystems, which can restrain the market’s growth.

Despite the anticipated growth driven by the recreational popularity of fishing and advancements in fishing technology, the need for compliance with environmental standards may limit the types of products available and their market penetration. Additionally, the rising concern over marine pollution from discarded fishing gear has prompted initiatives for eco-friendly materials and conservation efforts. This will further influence consumer preferences and regulatory landscapes. As such, while the market is positioned for steady growth, it must navigate the complexities of environmental stewardship and sustainability to thrive in the coming years.

IMPACT OF COVID-19

Stalled Supply Chain and Manufacturing Process Due to Pandemic Hampered Market Growth

The COVID-19 pandemic had a significant impact on various industries, including the fishing line market growth. Initially, the onset of the pandemic led to widespread lockdowns and restrictions, which caused disruptions in supply chains and manufacturing processes. Many production facilities were temporarily shut down, leading to delays in the availability of fishing lines and other fishing gear. Consumer behavior also changed significantly during the pandemic. With more people seeking outdoor recreational activities as a way to cope with the lockdowns, there was a moderate uptick in interest in fishing. This factor helped stabilize the market to a certain extent as adventure enthusiasts looked to spend more time outdoors. However, the availability of products varied, and there were instances of shortages in certain types of fishing lines, particularly those that were in high demand.

TRADE PROTECTIONISM AND GEOPOLITICAL IMPACT

Trade protectionism, such as tariffs and import restrictions can lead to increased costs for fishing line manufacturers and consumers. This can create inefficiencies in the market as higher prices may reduce the demand for fishing lines, particularly in regions heavily reliant on imported products.

Regulations imposed by agencies, such as the National Oceanic and Atmospheric Administration (NOAA) in the U.S. aim to promote sustainable practices in fishing gear production. These regulations can affect the product’s availability and pricing, pushing manufacturers toward eco-friendlier options.

Geopolitical tensions often dictate access to fishing grounds, especially in Exclusive Economic Zones (EEZs). Industrial fleets from higher-income nations frequently exploit fisheries in lower-income countries by flagging their vessels under local jurisdictions, thereby complicating management efforts and leading to overfishing.

Bilateral trade agreements can facilitate access to markets but may also impose conditions that affect local fisheries negatively. For instance, increased competition from imports can create pressure on domestic fishers and aqua culturists, impacting local economies and food security.

There is a trend of South-South trade in fisheries, which has seen significant growth in recent years. This trend allows developing nations to engage more actively in global markets but also presents challenges related to Non-Tariff Measures (NTMs) that can hinder trade efficiency.

RESEARCH AND DEVELOPMENT (R&D) TRENDS

There is an increasing trend of partnerships between fishing line manufacturers and healthcare companies to explore new applications for monofilament materials. These collaborations aim to bring innovation in fishing to enhance the companies’ product offerings. Moreover, the growth of e-commerce platforms is facilitating wider distribution of fishing lines, making it easier for environmentally conscious consumers to access a variety of products tailored to their needs. This trend is particularly relevant for specialized products that may not be available in local stores. The rise in fishing competitions has led manufacturers to develop specialized fishing lines that meet the performance needs of both professional and recreational anglers. This includes features, such as low visibility and precision casting capabilities.

SEGMENTATION ANALYSIS

By Raw Material

Nylon Became Popular Material Due to its Durability and Versatility

Based on material, the market is segmented into polyvinyl chloride, nylon, polyvinylidene fluoride, polyethylene, polyethylene terephthalate, and others.

The nylon segment held the largest fishing line market share in 2023 due to its durability, versatility, and cost-effectiveness. It offers excellent strength and flexibility, making it suitable for a variety of fishing conditions. Additionally, nylon fishing lines have good knot strength and are resistant to abrasion, which further contributes to their popularity among anglers.

Polyvinyl chloride is a valuable material in the fishing industry, particularly for fishing lines. Its attributes provide benefits that cater to various fishing styles and conditions, contributing to a better fishing experience. Whether for casual fishing or more serious angling, PVC lines can meet the needs of many anglers. These enhanced properties are likely to prompt demand and drive the segment’s growth.

Polyethylene terephthalate (PET) is commonly used in the production of fishing lines due to its excellent strength-to-weight ratio, good abrasion resistance, and low moisture absorption. These properties make it an ideal material for creating durable and reliable fishing gear. Additionally, PET is lightweight, which helps in casting and reduces strain during fishing activities. The material's flexibility and resistance to UV rays also contribute to its popularity among anglers looking for high-quality fishing lines.

By Type

Mono-filamentous Lines Witnessed Major Demand Due to Their Elastic Properties

Based on type, the market is segmented into mono-filamentous, braided, and others.

The mono-filamentous segment accounted for the dominant market share in 2023 and is expected to continue its dominance during the forecast period as well. Monofilament fishing line is a single-strand nylon line popular among anglers for its versatility and ease of use. It comes in a range of strengths and has elastic properties that absorb shock during fish strikes, reducing the risk of line breakage. With variations in buoyancy, it can be used for different fishing techniques—both surface and deeper water. Monofilament is available in various colors, making it adaptable to specific conditions, and while it is generally affordable, it does require careful storage to prevent line memory and UV damage. Overall, it serves as a reliable choice for both novice and seasoned fishers. This will drive the segment’s growth during the forecast period.

Braided fishing line is a popular choice among anglers for its high strength-to-diameter ratio, which allows for greater casting distance and sensitivity compared to monofilament or fluorocarbon lines. Made from woven strands of materials, such as Dyneema or Spectra, braided lines are known for their durability and resistance to abrasion, making them ideal for fishing in rugged environments. They offer minimal stretch, providing excellent hook-setting power and enabling anglers to feel even the slightest bites. Additionally, braided lines have a smaller diameter, allowing for more line to be spooled on reels and facilitating easier handling. However, their increased visibility in water and lack of stretch can pose challenges in certain fishing situations. A braided fishing line is a versatile option for various fishing techniques and environments.

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FISHING LINE MARKET REGIONAL OUTLOOK

The global market report analyzes the market across regions, such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific

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Asia Pacific accounted for the leading market share in 2023, the market’s value in the region was USD 1.19 billion. The demand for fishing line in Asia Pacific has been increasing steadily, driven by the growing interest in recreational fishing, aquaculture, and commercial fishing activities. Factors, such as rising disposable incomes, urbanization, and a strong cultural emphasis on fishing as a pastime contribute to this growth. Countries, such as China, Japan, and Australia are seeing significant investment in fishing equipment and technology, further boosting the market. The increasing popularity of recreational fishing practices also propels the demand for high-quality, durable fishing lines that can perform under various environmental conditions.

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North America

North America recorded substantial market growth in 2023. The fishing line market in the U.S is driven by the country's vast coastline, its highly developed fishing industry, and the increasing demand for seafood both domestically and internationally. The U.S. has a diverse fishing sector, with major operations targeting species, such as tuna, salmon, cod, and shrimp. This increases the need for advanced fishing lines for various techniques, such as longlining, trawling, and deep-sea fishing. Moreover, the growing adoption of high-performance materials, such as braided lines and fluorocarbon, has led to improved durability, reduced stretch, and better abrasion resistance. These characteristics are essential for meeting the demanding conditions of commercial fishing. Furthermore, the growing focus on sustainable practices and eco-friendly solutions has continued to drive growth in the U.S. fishing line market.

Europe

The market in Germany, the U.K., France, and Italy is experiencing steady growth, driven by the strong commercial and recreational fishing industries in these countries. Its active freshwater and marine fisheries will fuel Germany’s demand for durable fishing lines. At the same time, the U.K. sees an increasing demand for high-performance lines due to its robust sports fishing and commercial fishing sectors, particularly in deep-sea and offshore fishing. In France, the market is growing with a focus on advanced materials, such as dyneema and spectra, driven by the country's diverse fishing activities in both freshwater and marine environments. Italy’s strong fishing traditions, especially in the Mediterranean, are driving the adoption of premium fishing lines that offer strength, durability, and low stretch for both professional and recreational uses. Across all four countries, the increasing focus on sustainability, advancements in fishing technology, and rising seafood demand are key factors contributing to the expansion of the fishing line market in Europe.

Latin America

The market in Latin America is expanding due to the increasing demand for seafood, both for domestic consumption and export. Mexico’s recreational fishing industry is gaining momentum, particularly in freshwater lakes and rivers, contributing to the demand for high-performance fishing lines. Additionally, the Mexican government's efforts to promote sustainable fisheries and reduce overfishing are also contributing to the demand for durable, eco-friendly fishing lines. Moreover, the growing interest in sport fishing along Mexico’s Pacific coast is further driving the demand for premium lines.

Middle East & Africa

The market in the GCC region, which includes countries, such as Saudi Arabia, the U.A.E., Qatar, Bahrain, Kuwait, and Oman, is growing steadily due to the region's robust commercial industry. The GCC countries have a rich maritime history and continue to rely heavily on fishing as a significant source of food and income. In particular, the U.A.E. and Saudi Arabia have advanced fishing fleets targeting species, such as tuna, snapper, and grouper, thereby creating a demand for durable, high-performance fishing lines. Additionally, the rising interest in recreational fishing and sport fishing in the region, especially in the U.A.E. and Qatar, is further boosting the demand for premium fishing lines. As the GCC continues to modernize its fishing industry and focus on sustainable practices, the market is expected to grow further.

COMPETITIVE LANDSCAPE

KEY INDUSTRY PLAYERS

Rising Companies Focus towards Investment on Sustainability to Fuel the Market

Daiwa Corporation, Rapala VMC Corporation, Pure Fishing, Inc., Eposeidon Outdoor Adventure Inc. (KastKing), and P-Line are the key players in the market. These companies have made major investments in developing fishing fibers that address the evolving demands for sustainability and performance.

LIST OF KEY MARKET PLAYERS PROFILED IN THE REPORT:

• Daiwa Corporation (U.S.)


• Rapala VMC Corporation (Finland)


• Pure Fishing, Inc. (U.S.)


• Eposeidon Outdoor Adventure Inc. (KastKing) (U.S.)


• P-Line (U.S.)


• Sunline Co., Ltd. (Japan)


• Maxima USA Inc. (U.S.)


• Momoi Fishing Net Mfg. Co., Ltd. (Japan)


• Yo-Zuri America, Inc. (U.S.)


• Ande Monofilament (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• October 2024 – Pure Fishing Inc. obtained a five-year, USD 750 million credit facility from a group of lenders led by Monarch Alternative Capital LP and Silver Point Finance. The funding will be used to repay existing term and asset-backed loans fully, providing the company with additional long-term capital for growth.


• August 2024 – DAIWA collaborated with Japan’s XBRAID to introduce the highest-quality braided fishing lines to the North American market. XBRAID is now accessible to anglers in both North and South America through DAIWA, providing exciting opportunities for freshwater and saltwater fishermen.


• May 2024 – KastKing launched the iReel One IFC Smart Fishing Reel. The iReel One features Intelligent Frequency Control (IFC) that assesses casting factors, such as spool speed, inertia, and line tension to enhance performance in real-time.


• March 2024 – Momoi, through its partnership with ITOCHU and Aquafil, will focus on collecting discarded fishing nets across the world. The company aims to reduce plastic runoff into the oceans and increase the supply of ECONYL fishing net.


• July 2023 – Rapala VMC Corporation and James Coble, the current majority owner of DQC International, a manufacturer and marketer of 13 Fishing rods and reels, reached an agreement in which Rapala VMC will increase its ownership stake in DQC International to 60%. Meanwhile, Coble will retain a 40% ownership stake in the Florida-based company.

REPORT COVERAGE

The report provides a detailed analysis of the market. It focuses on key aspects, such as leading companies, raw materials, and types. Besides this, it offers insights into the market and current industry trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors contributing to the market's growth.

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Report Scope & Segmentation