With 5.66% CAGR, Agricultural Films Market to hit US$ 14.7 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global agricultural films market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the agricultural films market?

The global agricultural films market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.66% during 2023-2028.

What are agricultural films?

Agricultural films are specialized plastic coverings used in the farming sector to enhance crop production and safeguard the quality of produce. These films are strategically engineered with features that modulate light, temperature, and humidity, thereby optimizing the growing conditions for crops. Typically made from materials like low-density polyethylene, linear low-density polyethylene, or ethylene-vinyl acetate, they serve various applications, including greenhouse coverings, mulching, and silage stretch films. These films provide a micro-climate for crops and protect them from adverse weather conditions, pests, and diseases. At present, agricultural films find extensive applications in modern, high-efficiency agriculture as they contribute to improved yield and reduced use of water, fertilizers, and pesticides

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What are the growth prospects and trends in the agricultural films industry?

The global agricultural films market is primarily driven by the growing population worldwide, which is putting immense pressure on agricultural yields, necessitating the use of advanced farming techniques and products. Furthermore, the rising demand for high-quality, contaminant-free food contributes to market growth as agricultural films aid in maintaining crop quality. Moreover, technological advancements in material sciences have led to the development of more sustainable, biodegradable films, aligning with the increasing environmental awareness and regulatory guidelines. In addition, the need for water conservation in agriculture has highlighted the importance of films that minimize evaporation, thus fostering market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Low-Density Polyethylene
Linear Low-Density Polyethylene
High-Density Polyethylene
Ethylene Vinyl Acetate
Others

Breakup by Application:

Greenhouse
Silage
Mulching
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Ab Rani Plast Oy
Armando Alvarez S.A.
BASF SE
Berry Global Inc.
Exxon Mobil Corporation
Kuraray Co. Ltd
Novamont S.p.A.
RKW Hyplast
The Dow Chemical Company
Trioplast Industrier AB

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