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Greenhouse Film Global Market Report 2024 by The Business Research Company | include BASF SE, Berry Global Inc., EIFFEL Industry Plastics S.p.A, Essen Multipack Limited, Exxon Mobil Corporation, FVG Folien-Vertriebs GmbH, GCR Group, Ginegar Plastic Produc
Greenhouse Film Market Trends
The greenhouse film market size is expected to see strong growth in the next few years. It will grow to $8.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to sustainable agriculture, biodegradable films, vertical farming, global food security, smart agriculture technologies. Major trends in the forecast period include advanced materials, energy-efficient films, anti-reflective coatings, insect and pest control films, vertical farming films
.
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Greenhouse Film Market Major Segments
The greenhouse film market covered in this report is segmented -
1) By Resin Type: Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA)
2) By Functionality: Diffused GHF, Photo-Selective GHF, Anti-Dirt GHF, Other Functionalities
3 By Width Type: 4.5 Meter, 5.5 Meter, 7 Meter, 9 Meter, Others Width Types
4) By Thickness: 80200 Microns
5) By Application: Vegetable, Fruit, Flower, Others (Transplants and Ornamental)
Key Driver - Agricultural Production Boosts Greenhouse Film Market Growth As Demand For Food Security Rises
The rising demand for food production is expected to propel the growth of the greenhouse film market going forward. Food production is the process of producing sellable food items using raw ingredients available from plants and animals. Plastic greenhouses would help to increase and secure the yield. For instance, in April 2022, according to Agriculture Victoria, an Australia-based innovation company for economic growth in Victoria's agriculture through leading science and strong science capacity data, representing 26.0% of Australian food and fibre export value. Victoria's food and fibre exports have increased to reach a record $14.5 billion for the 2019-20 period. Therefore, the increase in agricultural production is driving the growth of the greenhouse film market.
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Prominent Trend - Innovative Product Solutions Drive Growth In The Greenhouse Film Market
Product innovations are a key trend gaining popularity in the greenhouse film market. Major companies operating in the greenhouse film market are focused on developing new technological solutions to strengthen their position. For example, in September 2021, BASF, a German greenhouse film company, will launch IrgaCycleTM, a line of additive solutions aimed at meeting the urgent needs in plastic recycling.This improves the properties of recycled plastics mechanically for various industries and enhances the quality of post-consumer and industrial polyolefin material for re-use in flexible, molding, and rigid applications. It also helps in increasing the percentage of recycled content for various end-users.
Greenhouse Film Market Players
Major companies operating in the greenhouse film market include BASF SE, Berry Global Inc., EIFFEL Industry Plastics S.p.A, Essen Multipack Limited, Exxon Mobil Corporation, FVG Folien-Vertriebs GmbH, GCR Group, Ginegar Plastic Products Ltd., Iris Polymers Industries Pvt Ltd., Lumite Inc., Plastika Kritis SA, Polifilm Extrusion GmbH, RPC Group plc, Saudi Basic Industries Corporation (SABIC), Sichuan Bozong Greenhouse Co. Ltd, The Dow Chemical Company, Agriplast Tech India Pvt. Ltd., Beijing Kingpeng International Hi-Tech Corporation, Central Worldwide Co. Ltd., Tuflex India, Aserpro S.A., Goutham Plastic (India) Pvt. Ltd., Paklite (Pty) Ltd., Grupo Armando Alvarez, Plastchim-T, D.S.E. Co. Ltd., Arid Agritec, Groupe Barbier
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the greenhouse film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse film market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Greenhouse Film Market Report Structure
3. Greenhouse Film Market Trends And Strategies
4. Greenhouse Film Market - Macro Economic Scenario
5. Greenhouse Film Market Size And Growth
…..
27. Greenhouse Film Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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