Fishing Sinker Market Size, Share, Growth, and Industry Growth by Type (Pyramid sinkers, Barrel or egg sinkers, Split-shot sinkers, Bullet sinkers, Dipsey, Bank sinker, Claw sinker, and Others) By Application (Shallow water and Deep water), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Fishing Sinker Market REPORT OVERVIEW

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The global fishing sinker market size was USD 647.52 million in 2021 and market is projected to touch USD 1226.9 million by 2031, at a CAGR of 6.6% during the forecast period.

Fishing sinker is a weight fit using a fishing hook or lure. It is used to increase its anchoring ability, sinking speed, and/or throw distance.

The fishing sinker market growth is attributed to increased fishing activities. Product is to trap fishes under the hook and several types of sinkers are available in the market. Fishing requires correct fishing weights, ensuring great stability and high velocity underneath flow. It helps to grab fish easily. These factors are connected with the product, which is estimated to surge market growth. Adding a fishing weight helps to control exact fall and bait, which is projected to foster market progress. The product is cost-effective and easy to use. Increased need to spend leisure time fishing is predicted to drive market growth. Growing adoption of fish as a great source of protein and increased awareness about the health benefits associated with fish is anticipated to fuel market growth. On the contrary, a lack of awareness about the product is expected to limit market growth in the forthcoming years.

COVID-19 Impact: Lockdown Restrictions and Lack of Demand to Halt Market Growth

The lower need for fishing due to the outbreak of COVID-19 pandemic reduced market growth. High need to save human lives, and lockdown restrictions downfall market growth. The market witnessed a gap in supply and demand.

LATEST TRENDS

"Increased Fishing Activities to Fuel Market Growth "

Increasing need for fishing activities, and the product is a weight fit using a fishing hook or lure. It is used to increase its anchoring ability, sinking speed, and/or throw distance. The product is to trap fishes under the hook and several types of sinkers available in the market. Fishing requires correct fishing weights, which ensures a great deal of stability and high velocity underneath flow. It helps to grab fish easily. These factors are connected with the product, which is estimated to surge market growth. Adding a fishing weight helps to control exact fall and bait, which is projected to foster market progress. The product is cost effective and easy to use. Increased need to spend leisure time fishing is predicted to drive market growth in the forthcoming years.

Fishing Sinker Market SEGMENTATION

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• By Type

Based on type, the market is divided into pyramid sinkers, barrel or egg sinkers, split-shot sinkers, bullet sinkers, dipsey, bank sinker, claw sinker, and others.

• By Application

Based on the application, the market is divided into shallow water and deep water.

Shallow water is expected to be the top part of application segmentation.

DRIVING FACTORS

"Growing Awareness about the Benefits of Fish in Daily Diet to Foster Market Growth "

People include fish in their day-to-day diet. Fish is filled with vitamins B2 and D, and omega-3 fatty acids. Fish is rich in phosphorous, and calcium and a great source of minerals such as iodine, iron, zinc, magnesium, and potassium. Such health benefits of the fish are anticipated to boost fishing activities. Increased awareness about the benefits of fish among consumers is likely to drive market growth. The consumption of fish ensures maintaining a healthy heart by lowering the risk of sudden heart attack, sudden death, strokes, and abnormal heart rhythms. This is estimated to foster market progress in the forthcoming years.

"Huge Adoption of the Equipment in Shallow and Deep Water to Accelerate Market Growth "

The broad usage of the equipment in shallow and deep water is anticipated to drive market growth. The sinkers are designed to keep bait by digging into the bottom. The product is used for surf fishing and helps it really digs into the sand, which is projected to foster market progress in the forthcoming years.

RESTRAINING FACTORS

"Lack of Awareness about the Product to Limit Market Growth "

A lack of awareness about the product is expected to limit market growth in the forthcoming years.

Fishing Sinker Market REGIONAL INSIGHTS

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"Increased Number of Fish Eating among Growing Population in Asia Pacific to Drive Market Share"

Asia Pacific is anticipated to account for the highest fishing sinker market share due to increased fish-eating habitats. A growing number of fishing activities in the region is anticipated to accelerate market growth in the forthcoming years. Fishing requires correct fishing weights, ensuring great stability and high velocity underneath flow. It helps to grab fish easily. These factors are connected with the product, which is estimated to surge market growth. Adding a fishing weight helps to control exact fall and bait, which is projected to foster market progress. The product is cost-effective and easy to use. Increased need to spend leisure time fishing is predicted to drive market growth. Growing adoption of fish as a great source of protein and increased awareness about the health benefits associated with fish is anticipated to fuel market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• O. Mustad & Son A.S. (Norway)
• Happysea (Suzhou) Company Ltd. (China)
• Okuma Fishing Tackle Corporation (China)
• Pure Fishing Inc. (U.S.)
• Castaic Soft Bait Inc. (U.S.)
• Plano Synergy Holdings (U.S.)
• Jim Teeny Inc. (U.S.)
• Daiwa Corporation (U.S.)
• PRADCO Outdoor Brands (U.S.)
• Koppers Fishing and Tackle Corporation (Canada)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.