Press release
Agricultural Films Market Size to Rise at a CAGR of 5.7% to Reach US$ 18.8 Billion by 2032
The market for agricultural films is expected to reach US$ 10.7 billion in 2022 and US$ 18.8 billion by the end of 2032, growing at a CAGR of 5.7%.At the end of 2021, sales of agricultural films represented 5.9% of the global film market. Higher sales potential for market participants will be the result of the increased demand to improve crop output and the introduction of greener ag films.
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Various definitions, industry segmentations or categories, industry applications, and value chain topologies are included in the report. The market study carefully investigates and analyses a range of industries and areas related to the market. Fact.MR crew carefully follows to all market-related factors when producing a Agricultural Films Market research document for a customer.
Key Manufacturers Competitive Landscape
To bend the demand graph, top industry players are concentrating on developing sustainable and biodegradable solutions. Product introductions in conjunction with capacity growth are important strategies being used by players in the market. To boost their sales opportunities, they also rely on innovation and cutting-edge technology to offer customer-focused solutions.
• 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.
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
• Ab Rani Plast Oy
What insights this research provides to readers?
• Agricultural Films fragmentation on the basis of product type, end use, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Agricultural Films player.
• Various regulations imposed by the governments on the consumption of Agricultural Films in detail.
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Based on precise data trends and classification, we provide one of the most thorough and understandable regional breakdowns of the global Agricultural Films market. With regard to a variety of industries, from developing markets to regional markets, our specialists provided insightful analysis. Expect a thorough examination of the most significant economies in the globe, both internationally and globally.
The most recent market research report, which is being distributed to a global audience, offers business forecasts, growth trends in important regions, and development developments. The thorough market research helps customers navigate the data and understand the analysis. A deeper understanding of the industry, thorough predictions, product production, and overall market income can all be aided by geographic market research.
Agricultural Films Market: Segmentation
• 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
• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA
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• What are the key benefits of this Agricultural Films market research report?
• What objectives are met under this market research report?
• What insights this research provides to readers?
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