What's driving the Agricultural Films and Bonding Market growth? BASF, The Dow Chemical Company, Ab Rani PlastOy

Global Agricultural Films and Bonding Market size is likely to witness a healthy CAGR over the projected timeframe. Agricultural films possess versatile properties including excellent mechanical resistance, protection from low temperature, high speed process ability, etc. Binding is done to join more than two films and it aids in providing stability and shape to a structure.

Strong demand for optimal yield to sustain the huge demand for food will be the driving factor for specialty products commercialization which will subsequently help attain promising gains to the agricultural films and bonding market size over the projected timeframe. Furthermore, substantial investment in R&D and technological advancements in farming & agricultural practices is anticipated to propel the agricultural films and bonding market size in the coming years.

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The global agricultural films and bonding market size based on raw material has been segmented into low density polyethylene (LDPE), POLYPROPYLENE (PP), high density polyethylene (HDPE), sisal, BOPP and others which include ethylene vinyl acetate (EVA), polyvinylchloride (PVC), etc. Polypropylene accounted for the largest market share in 2016. It finds widespread applications in farming and agriculture. They are used for producing twines and netting for protecting and packaging products from severe damage. PP twines are used for binding whereas corrugated PP is used in irrigational applications. Furthermore, LDPE is preferred in areas where water supply is limited and harsh climatic conditions prevail. HDPE is a non-toxic material and is completely waterproof and durable.

Based on application, the overall agricultural films and bonding market size is segmented into agricultural films, twines and netting. Agricultural films are further divided into greenhouse, mulching and silage (stretch wrap, sheets and bags). On the other hand, agricultural twine by application is categorized into fruit packaging, vegetable packaging and bale. Agricultural netting is divided into anti-hail, anti-insects and shading.

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Shading led the application segment and accounted for a major chunk of the overall agricultural films and bonding market share in 2016 in European countries. Shading nets are employed to delay or prolong harvesting period in hot climatic areas. Greenhouse coverings are extensively used in floriculture and horticulture projects in the Middle East and Europe to mitigate adverse climatic conditions and to meet the rising demand for food products from these projects.

European agricultural films and bonding market is slated for a moderate growth due to shrink in farm & pasture land and strict government regulations for film disposal and production. However, continuous efforts to upgrade farming techniques and adopt biodegradable products is likely to augment agricultural films and bonding market size over the next few years. Spain and Italy are largest product consumers due to greenhouse farming industry growth.

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The prominent market share contributors functional in agricultural films and bonding market are BASF, The Dow Chemical Company, Ab Rani PlastOy, Barbier Groupe, Armando Alvarez SA, Trioplast Industrier AB, BP Industries, ExxonMobil Corporation and Novamont. Other companies operating in the industry are Kuraray Company Limited, Berry Plastics Group Inc., Britton Group, British Polythene PLC, Barbier Group and Tama Plastic Industry.

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