Press release
Agricultural Films Market Trend with Global Foresight 2023 by - Berry Global, Kuraray, COVERIS, RPC Group, RKW SE, BASF SE, The Dow Chemical Company, Groupe Barbier, AL-PACK Enterprises, ACHILLES, POLIFILM, Anhui Guofeng Plastic and Agriplast Tech India
Agricultural Films Market Inclined To Witness Positive Growth Trends in the Forecast Trends
The Global Agricultural Films Market has been segmented by Application, Polymer Type, and Region.
On the Basis of Application, the global market has been segmented into geo-membrane films, greenhouse films, mulch films, and silage and stretch films.
Based on Polymer Type, the market has been segmented into LDPE, HDPE, LLDPE, EVA, EBA, reclaims, and others.
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Synopsis
Agricultural Films are polymeric films used in plasticulture. The use of these films help reduce growing time, offers earlier harvest, and higher yields.
The rising population and the subsequent increase in the demand for food are driving the growth of the agricultural sector, which, in turn, is resulting in a growing demand for Agricultural Films. Plastics have superior properties such as durability, light weight, and transmittance and reflectance of ultraviolet, visible, near infrared, and middle infrared rays, and anti-drip and anti-fog. The limited availability of arable land due to rapid urbanization and industrialization in developing nations in Asia-Pacific is expected to drive the demand for agricultural films during the forecast period. The presence of robust agricultural sectors in India, China, South Korea, Malaysia, and Thailand is another major driver for market growth in Asia-Pacific.
Regional Analysis
The Global Agricultural Films Market has been analyzed with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific dominated the global market in 2017 owing to agriculture being the major occupation in the region. Moreover, rapid industrialization and urbanization in developing countries such as India, China, Indonesia, and Thailand have led to the limited availability of cultivable land, which is expected to drive the demand for Agricultural Films in the region.
The North American market accounted for the second-largest share in 2017 due to the increased demand for agricultural films in the farming of crops such as corn, wheat, and soybean.
The European Agricultural Films Market is expected to grow at a significant rate as 90% of the agricultural produce in the region is consumed domestically.
The Latin American market is projected to grow due to the cultivation of wheat and corn in countries such as Argentina, Brazil, and Chile.
Lastly, the market in the Middle East & Africa is expected to grow at a slow pace due to the limited growth of the agricultural sector in the region.
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