Press release
Agricultural Films Market size is expected to reach USD 12.6 billion, forecast 7 years: Global Market Insights, Inc.
Strong outlook for improvement in farming techniques to increase crop yield along with decreasing arable land should drive global agricultural films market size. Key product properties include durability, transparency, anti-fog, diffusion, thermal effects and degradation. Industry innovation include products such as UV blocking, florescent, NIR blocking, and ultra-thermic.
China agricultural film market size may generate over USD 7 billion in sales by 2022. Positive government initiatives such as R&D of protected farming practices should favour product demand.
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Polymers used to manufacture these products include LDPE, LLDPE, HDPE, EVA, PVC and EVOH. Tight raw material supply situation due to political unrest in the Middle East may pressurize agricultural films market price trend.
LLDPE agricultural films market may witness over 6.5% growth. Key performance metrics include flexibility and moisture blocking properties with cost effectiveness. Increasing farming activities in India, Indonesia, Malaysia and Thailand coupled with technological advancements in agri-businesses should drive product demand.
Mulching applications should grow significantly at over 6.2% and surpass 3.5 million tons by 2022. Mulching helps maintain soil temperature, soil water retention and inhibits weed growth. In addition, it helps to grow crop faster with higher yield.
Europe agricultural films market may witness stagnant growth owing to declining arable land. Strong outlook for plastic usage in agriculture due to stringent European standards should drive reclaims product demand.
Regulations regarding use and recycling of plastic are being followed in Europe, U.S and Asia. Introduction of biodegradable and biobased polymer products should create lucrative opportunities for industry participants.
Disposal of synthetic polymer products is a major challenge for the business growth; hence, several research projects are being conducted to develop degradable and biobased poducts. Biobased agricultural films that have low environmental impact on cultivated land should favor industry growth.
Key insights from the report include:
China LDPE agricultural films market size should grow at over 6.5% and surpass 840 kilo tons by 2022. The application of these products in farming is highly beneficial in areas with limited water supply and harsh climatic conditions.
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North America, driven by U.S agricultural films market, should achieve 5% growth. Rising greenhouse application coupled with decrease in arable lands should drive regional industry demand.
HDPE agricultural films demand was close to 375 kilo tons in 2015. It is widely used in mulching and fumigation applications. Growing floriculture and horticulture industry in the Middle East should drive product demand owing to harsh climatic conditions.
North America silage applications generated over USD 320 million business in 2014. Agricultural films used in silage applications increases nutritional value of animal feed and enhances milk production.
Growing silage films demand for fermentation of animal fodder obtained from forage plants should drive industry growth. Key properties such as moisture retention and anaerobic fermentation may product demand in silage applications.
Global agricultural films market share is fragmented. Ab Rani Plast, Hyplast, Novamont, Kuraray, Trioplast and Berry Plastics are key industry players. Other prominent participants include BASF, British Polyethylene Industries, Dow Chemical and Barbier Group.
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Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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