Russia Agro Textile Market Outlook

the russian agro textile market is expected to enjoy a steady growth rate of over 11.8% during the forecast period 2018-2032. with this growth rate, the sector is set to contribute to the gdp significantly and play a key role in russia’s economic diversification. the key reasons for the growth in the industry are the increasing awareness of environment friendly solutions and rising demand for agro textiles in the agricultural sector. russia is the world’s single largest exporter of agro textiles and the sector has witnessed significant growth in production, with an increase of over 100% from 2016. the increase in production is driven by the growing population, improved agricultural productivity, and natural disasters’ prevention. the country is also amongst the leading importer of agro textiles from the european union. the government of russia has taken various initiatives to promote the production and use of agro textiles in order to reduce the total amount of waste that russia produces. these initiatives include the formation of the local supply chain, which will enable production to be made more efficiently. the government has also increased the investment in research and development related to the agro textiles sector. this has enabled the country to increase the efficiency and effectiveness of the products being produced. the government has also set a goal to reduce the energy consumption per unit produced. this has resulted in an increase in the energy saving rate since 2017. in addition, the government has increased the tax incentives and support for the producers of agro textiles. this has led to an increase in the investments in the sector and has enabled the industry to become more competitive globally. furthermore, various regulations have been implemented in order to ensure that the industry follows the best practices and that the products being produced, adhere to international standards. overall, the russian agro textile market has the potential to grow at a significant rate during the forecast period. this growth is due to a number of factors such as increased government support, improved production and distribution systems, rising consumer awareness and increasing demand for environmental friendly solutions. the industry is expected to continue to contribute significantly to the russian economy and help move the country towards a more efficient and diversified economic structure.