Greenhouse Film Market worth $8.6 billion by 2026 | Key players Ginegar Plastic Products Ltd., PLASTIKA KRITIS S.A., RKW Group, Berry Global, Inc, Grupo Armando Alvarez.

According to recent market research the "Greenhouse Film Market by Resin Type (LDPE, LLDPE, EVA), Thickness (80 to 150 Microns, 150 to 200 Microns, More than 200 Microns), Width (4.5M, 5.5 M, 7M, 9M) and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2026" The global greenhouse film market size is projected to grow from USD 5.9 billion in 2021 to USD 8.6 billion by 2026 at a CAGR of 7.6%. The global greenhouse film market is witnessing high growth on account of increased demand for greenhouse-cultivated crops and development in areas for greenhouse-protected cultivation.

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LDPE is a type of polyethylene, which is manufactured under high pressure, mostly extruded, and blown. It is comparatively thicker than LLDPE (the number of chains in the bonds is much longer than LLDPE). LDPE with 0.932 g/cm3 of density is used in film applications requiring stiffness and easy tear properties. LDPE is used to manufacture thin films, general-purpose films, and high-barrier films. The vital features of LDPE that make it suitable for use in greenhouse films are low cost, high thickness, optical properties, and high resistance to sunlight and the external environment. The LDPE type offers advantages, such as increased clarity and ease of use, making it suitable for agricultural applications. Its low cost drives its demand in emerging markets.

150 to 200 Microns is the fastest-growing segment of the overall greenhouse film market. For optimized crop cultivation, the use of greenhouse films with a thickness of 150 to 200 microns is preferred, as they provide all necessary properties, such as controlled sunlight and UV light transmissions, anti-drop, anti-moisture, and thermicity. The use of these films is very less in Europe and North America, where snowy conditions are observed, as they might decrease light penetration inside the greenhouse tunnel.

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The rising population in the APAC region is the key factor driving the market for greenhouse films. It has increased the demand for food, thereby exerting pressure on agricultural yield. China is the leading producer and consumer of greenhouse films in the region. India is an agriculture-based economy. In Japan, the demand for vegetables and flowers is being meet by crops cultivated in the greenhouse. South Korea is also one of the major markets of greenhouse films, after China and Japan.

The key players operating in the greenhouse film market are Ginegar Plastic Products Ltd (Israel), PLASTIKA KRITIS S.A. (Greece), RKW Group (Germany), Berry Global, Inc (US), and Grupo Armando Alvarez (Spain). These players have adopted various strategies, such as merger & acquisition, new product launch, and joint venture & partnership to grow. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their global presence.

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Ginegar Plastic Products Ltd (Israel) is engaged in the agricultural products business. The company is the largest developer and producer of cover films for agricultural applications in Israel. It is a leading producer of advanced films for agricultural and non-agricultural applications. Moreover, the company provides agricultural films, mulch films, barrier films, HDPE films, and bags for chemical fertilizers. The plastic films manufactured are based on polyethylene, and its derivatives, including LDPE, HDPE, EVA, and LLDPE, and serve a variety of applications. The company supplies its products in Europe and other regions. In June 2017, the company announced the acquisition of Flextech, a plastic film manufacturer for agriculture, wind energy, automotive, manufacturing plants, shipbuilding, and packaging industries, for USD 7.8 million.

Plastika Kritis S. A. (Greece) is one of Europe's leading producers of masterbatches and agricultural films. The company specializes in the production of masterbatches, agricultural films, geomembranes, recycled plastics, and polyethylene pipes. It serves the plastics industry, horticultural & agricultural markets, as well as projects related to water management and environmental protection. It has a global presence with manufacturing facilities in France, Romania, Poland, Russia, Turkey, and China. It exports its products to more than 60 countries. Additionally, the company, through its affiliates, produces agricultural films and geomembranes in China and France. In June 2019, the company developed new EVO AC films. These EVO AC films consist of 8 layers and are based on nanomaterials for the longest-lasting anti-dripping effect. These films are expected to have better performance compared to other films where additives that migrate to their surface and get gradually depleted within 1-2 years.

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