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Agricultural Films Global Market Report 2024 - By Demand, Size, Growth And Outlook By 2033
Agricultural Films Market
As per the report, the agricultural films market size has grown strongly in recent years. It will grow from $11.04 billion in 2023 to $11.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The agricultural films market size is expected to see strong growth in the next few years. It will grow to $15.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Rising Global Focus On Enhancing Agricultural Output Drives Growth In The Agricultural Films Market
The increase in focus on improving agricultural output globally is expected to propel the growth of the agricultural films market going forward. Agricultural productivity, often known as output, is defined as total output per unit of a single input; partial factor productivity (PFP) metrics include land productivity (yield) and labour productivity. The growing population coupled with the demand for food and reduction in agricultural lands enhance the demand for productivity on existing agricultural lands. For instance, in January 2022, according to United States Department of Agriculture, a US-based governmental department, in the US, corn for grain production in 2021 was estimated at 15.1 billion bushels, up 7 percent from the 2020 estimate. The average yield in the United States was estimated at a record high of 177.0 bushels per acre. Therefore, the increasing focus on improving agricultural output drives the growth of the agricultural films market.
Biodegradable Polymers Transforming The Agricultural Film Market
The introduction of biodegradable polymers to enhance production is shaping the agricultural film market. Major corporations are investing in biodegradable polymers with competitive mechanical properties in order to replace petroleum-based commodity plastics. For instance, in March 2022, Solvay S.A., a Belgian-based chemical manufacturing company, launched Jaguar. Jaguar is a guar-based biodegradable polymer solution that can be used to develop sustainable farming methods. This material provides greater strength and an aesthetic appearance.
The agricultural films market covered in this report is segmented -
1) By Type: Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethylene Vinyl Acetate, Other Types
2) By Film: Geomembrane, Agricultural Silage Films, Agricultural Mulching Films, Greenhouse Plastic Or Covering Film
3) By Application: Agricultural Films For Bale Wrapping And Ensiling, Agricultural Films For Silo Bags Manufacturing, Agricultural Films For Tunnel Covers, Agricultural Films For Bunker Ensiling
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Major companies operating in the agricultural films market include Berry Global Inc., Kuraray Co. Ltd., Coveris Group, Trioplast Industrier AB, Armando Alvarez Group, RKW Group, AL-PACK Enterprises Ltd., RPC Group plc, The Dow Chemical Company, BASF SE, Ab Rani Plast Oy, INDEVCO Group, Takiron Co. Ltd., Britton Group Inc., Anhui Guofeng Plastic Industry Co. Ltd., Plastika Kritis SA, Novamont SpA, ExxonMobil Chemical, Barbier Group, INDVECO Group, AGRIPOLYANE, AEP Industries Inc., Novolex Holdings Inc., Plastibell SpA, Polifilm GmbH, Groupe Guillin SA, Ginegar Plastic Products Ltd., Agriplast Tech India Pvt. Ltd., CI Takiron Corporation, Novolex Holdings Inc.
Contents of the report:
1. Executive Summary
2. Agricultural Films Market Report Structure
3. Agricultural Films Market Trends And Strategies
4. Agricultural Films Market - Macro Economic Scenario
5. Agricultural Films Market Size And Growth
…..
27. Agricultural Films Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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