Agricultural Films Industry Is Projected To Move Ahead at a CAGR of 5.7% by 2032

The global agricultural films market is estimated at US$ 10.7 billion in 2022 and is projected to move ahead at a CAGR of 5.7% to reach US$ 18.8 billion by the end of 2032.

Sales of agricultural films accounted for 5.9% share of the global films market at the end of 2021. The growing need to enhance crop production and the introduction of greener ag films will result in higher sales opportunities for market players.

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Competitive Landscape:

Leading market players are focused on producing sustainable and biodegradable solutions to curve the demand graph. Product launches with capacity expansion are key strategies being adopted by industry players. They also rely on innovation and advanced technology to produce customer-oriented solutions to increase their sales opportunities.

• In January 2022, ExxonMobil and SABIC, in a joint venture, established a manufacturing facility in San Patricio County, Texas. This facility produces materials used for agricultural films, packaging, construction materials, and automotive coolants, among others. Both companies have invested US$ 10 billion in the development of the facility.

• In January 2022, Coveris launched Unterland R, a stretch film for silage bale wrapping. Unterland R provides improved sustainability properties that effectively respond to the rising demand for eco-friendly baling solutions for the agriculture sector.

• In January 2021, Rani Plast introduced bale wrap films using 30% raw material, which is derived from recycled agricultural bale wrap.

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Key Companies Profiled:

• BASF SE
• Berry Global Inc.
• CI Takiron
• Exxon Mobil Corporation
• Dow Inc.
• RPC Group PLC
• RKW Group
• Trioplast Industries AB
• Achilles Corporation

" Agricultural films industry will benefit from the use of biodegradable and recycled materials "

the agricultural films industry will benefit from the use of biodegradable and recycled materials. Biodegradable and recycled materials are more sustainable than traditional plastics, which can take hundreds of years to break down.

They are also more cost-effective, as they can be reused multiple times. Additionally, biodegradable and recycled materials are better for the environment, as they reduce the amount of plastic waste that ends up in landfills and oceans. By using these materials, agricultural films manufacturers can reduce their environmental impact while still providing a quality product.

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Key Segments:

• By Film :

o Geomembrane
o Agricultural Silage Films
o Agricultural Mulching Films
o Greenhouse Plastic/Covering Films

• By Material :

o Ethylene Butyl Acrylate
o Ethylene-Vinyl Acetate
o Low-Density Polyethylene
o LLDPE
o LLPE
o HDPE
o Polypropylene
o Polyamide
o EVA
o Ethylene Vinyl-Alcohol Copolymer Resins
o PVC
o Others

• By Application :

o Bale Wrapping & Ensiling
o Silo Bag Manufacturing
o Tunnel Covers
o Bunker Ensiling
o Others

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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