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Agricultural Films Market Size, Share, Trends, Growth, Forecast to 2033
Agricultural Films Market
Predominantly driven by advancements in organic farming, environmental awareness, and growing population, the Agricultural Films Market witnesses strong growth rates and varied market size predictions.
What Is The Projected Market Size Of The Agricultural Films Market And Its Growth Rate?
The agricultural films market has demonstrated strong growth and promising forecasts:
• 2024 Market Size: $11.77 billion
• 2025 Market Size: $12.63 billion (7.3% CAGR)
• 2029 Market Size: $17.55 billion (8.6% CAGR)
This growth is attributed to factors such as increasing food demand, favorable government policies, demand for higher crop yields, adoption of precision agriculture, and rise in disposable income.
What Is Driving The Growth In The Agricultural Films Market?
The agricultural films market is primarily driven by a global focus on enhancing agricultural productivity. Often referred to as output, agricultural productivity measures total output per unit of a single input. As the demand for food increases with the growing population and agricultural lands shrink, the need for higher productivity on existing agricultural lands rises. In line with this trend, the UK's annual average price index for all agricultural outputs rose by 1.4% between 2022 and 2023, with poultry, potatoes, and pigs being key contributors. Hence, improving agricultural output propels the growth of the agricultural film market.
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Who Are the Key Players Driving Agricultural Films Market Growth?
The major players 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
What Are The Key Trends In The Agricultural Films Market?
Key trends shaping the agricultural films market include:
• Customized microbial solutions
• Biological seed treatments
• Biodegradable biologic formulations
• Utilizing blockchain technology
What Are The Segments Of The Global Agricultural Films Market?
The agricultural films market is segmented as follows:
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
Which Region Leads The Agricultural Films Market?
Asia-Pacific emerged as the largest region in the agricultural films market in 2023. The regions studied in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Agricultural Films Market Global Market Report?
- Market Size Analysis: Analyze the Agricultural Films Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agricultural Films Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agricultural Films Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agricultural Films Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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