Press release
Sturdy Growth Momentum expected for Greenhouse Film Market: Projected to reach $9.35 Billion by 2029 with an 8.6% CAGR
Greenhouse Film Market
Efficiency and Protection Enabled by Greenhouse Film will enhance Crop Yields and Conserve Energy, Driving the Market's Growth
What Is The Projected Market Size Of The Global Greenhouse Film Market And Its Growth Rate?
o Market in 2024: $6.17 billion
o Expect Growth in 2025: $6.71 billion (8.8% CAGR)
o Projected Growth by 2029: $9.35 billion (8.6% CAGR)
Continued growth can be attributed to factors like sustainable agriculture, biodegradable films, vertical farming, global food security, and smart agriculture technologies.
What Is Driving The Growth In The Greenhouse Film Market?
The growing need for increased food production is fuelling this market's expansion. Agricultural production can be gradually increased with the aid of plastic greenhouses, thus ensuring crop yield. The Organic Trade Association reported an increase in organic food sales in the United States; from 4.3% in 59149 in 2021 to 61670 in 2022. This surge in agriculture production is directly linked to the growth of the greenhouse film market.
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Who Are the Key Players Driving Greenhouse Film Market Growth?
o BASF SE
o Berry Global Inc.
o EIFFEL Industry Plastics S.p.A
o Essen Multipack Limited
o Exxon Mobil Corporation
o FVG Folien-Vertriebs GmbH
o GCR Group
o Ginegar Plastic Products Ltd.
o Iris Polymers Industries Pvt Ltd.
o Lumite Inc.
o Plastika Kritis SA
o Polifilm Extrusion GmbH
o RPC Group plc
o Saudi Basic Industries Corporation (SABIC)
o Sichuan Bozong Greenhouse Co. Ltd
o The Dow Chemical Company
o Agriplast Tech India Pvt. Ltd.
o Beijing Kingpeng International Hi-Tech Corporation
o Central Worldwide Co. Ltd.
o Tuflex India
o Goutham Plastic (India) Pvt. Ltd.
o Grupo Armando Alvarez
o Plastchim-T
o Arid Agritec
o Groupe Barbier
What Are The Key Trends In The Greenhouse Film Market?
o Manufacture of Advanced Materials for Films
o Production of Energy-efficient Greenhouse Films
o Introduction of Anti-reflective Film Coatings
o Development of Insect and Pest Control Films
o Creation of Vertical Farming-optimised Films
What Are The Segments Of The Global Greenhouse Film Market?
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)
Which Region Leads The Greenhouse Film Market?
Asia-Pacific led the global greenhouse film market in 2024, and it is predicted to be the fastest-growing region in the proceeding years. After Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa are the other major regions in the greenhouse film market.
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What Is Covered In The Greenhouse Film Market Global Market Report?
- Market Size Analysis: Analyze the Greenhouse Film Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Greenhouse Film 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 Greenhouse Film Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Greenhouse Film Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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