Press release
Growing Global Demand Drives Expansion of Agricultural Films Market
The market for agricultural films has been witnessing steady growth in recent years. This growth can be attributed to several factors. Firstly, the increasing global population and the consequent rise in food demand have led to the expansion of agricultural activities, driving the demand for agricultural films. These films help improve crop yields by providing insulation, weed control, moisture retention, and pest management. Secondly, the growing trend of protected cultivation, particularly in greenhouse farming, has further boosted the demand for agricultural films. Greenhouse films provide an ideal environment for crop growth, allowing year-round cultivation and protection against adverse weather conditions. Lastly, the development of advanced agricultural films with properties like UV resistance, durability, and degradability has contributed to the market growth, as farmers seek efficient and sustainable solutions for crop production.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ -https://www.factmr.com/connectus/sample?flag=S&rep_id=3450
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
โข ๐๐ ๐๐ถ๐น๐บ :
Geomembrane
Agricultural Silage Films
Agricultural Mulching Films
Greenhouse Plastic/Covering Films
โข ๐๐ ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น :
Ethylene Butyl Acrylate
Ethylene-Vinyl Acetate
Low-Density Polyethylene
LLDPE
LLPE
HDPE
Polypropylene
Polyamide
EVA
Ethylene Vinyl-Alcohol Copolymer Resins
PVC
Others
โข ๐๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป :
Bale Wrapping & Ensiling
Silo Bag Manufacturing
Tunnel Covers
Bunker Ensiling
Others
โข ๐๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=3450
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
โข In terms of value, silo bags manufacturing application is expected to register a CAGR of 5.9% to be valued at US$ 6.5 Bn by 2031-end.
โข Among the film types, mulch films and greenhouse plastics are expected to grow 1.9X and 1.7X, respectively, and create an absolute $ opportunity of around US$ 4.2 Bn and US$ 2.5 Bn each.
โข Low-density polyethylene material is estimated to account for 55.7% of the market value share by 2031-end, and gain 409.1 BPS in its market share.
โข East Asia is witnessing for highest consumption and the market here is expected to expand at a CAGR of 6.9% over the forecast period. The region is expected to hold more than 52% of the market value share by 2031 and be valued over US$ 9.3 Bn.
โข It has been observed that, over 48% of agricultural films utilized for crop production is plastic mulch.
โข Versatile properties of plastic mulch such as weed growth limiter, soil temperature controller, and crop yield enhancer are driving sales.
โข China accounted for a major chunk of the agricultural films business, and is anticipated to witness a steady CAGR of 7.6% through FY2031.
โข Considering growing adoption of various types of agricultural films, especially mulch and greenhouse films for crop production with shift in business dynamics, the global agricultural films market is forecast to expand at a healthy CAGR of 5.7% over the next 10 years.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Some of the key developments are :
โข On 3rd January 2020, BASF SE announced the acquisition of Solvay's polyamide business segment. With this acquisition, BASF got an opportunity to expand its business by operating eight production sites in different countries across the globe, including China, India, South Korea, North America, Europe, Mexico, and Brazil.
โข Lucro Plastecycle, a recycling company in India, and Dow Inc., signed a memorandum of understanding on 10th February 2021 to launch and develop polyethene film solutions by recycling used plastic products.
โข On 12th January 2021, Ab Rani Plast Oy introduced a product named "RaniWrap Ecol" in Europe, and its trial also delivered excellent results, as it is considered a more sustainable product and will reduced carbon footprint.
โข On 4th March 2021, Berry Global announced an investment of US$ 30 Mn to increase the production capacity of hand stretch films and ultra-high-performance machines.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ
BASF SE
Berry Global Inc.
CI Takiron
Exxon Mobil Corporation
Dow Inc.
RPC Group PLC
RKW Group
Trioplast Industries AB
Achilles Corporation
Ab Rani Plast Oy.
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐๐๐ ๐ก๐ผ๐ -https://www.factmr.com/checkout/3450
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