Press release
Agricultural Films Market Top Players - Berry Global Inc. (US), BASF SE (Germany), The Dow Chemical Company (US), RPC Group Plc (UK).
Agricultural Films Market
The Global Agricultural Films Market is estimated to reach over USD 22.49 billion by 2031, exhibiting a CAGR of 7.55% during the forecast period.
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Advanced agricultural techniques increasingly incorporate agricultural films and plastics to enhance crop quality and increase yield per hectare. Agricultural films are widely applied in mulching, controlled environment agriculture, greenhouse farming, and soil protection. The growing adoption of mulching films and the increasing demand for biodegradable alternatives are expected to drive the agricultural film market during the forecast period. Furthermore, the adoption of protected agriculture practices is anticipated to rise in response to the escalating demand for food, driven primarily by global population growth. The growing pressure on agricultural productivity further reinforces this trend.
Mulching films play a critical role in retaining soil moisture, suppressing weed growth, preventing soil erosion caused by rainfall, and increasing soil temperature. These benefits directly enhance crop yield by eliminating pests and harmful microorganisms.
The demand for biodegradable agricultural films is projected to rise over the forecast period, driven by increasing environmental concerns. Biodegradable agricultural plastics offer similar benefits to traditional mulch plastics, including weed control, temperature regulation, and the retention of soil nutrients and moisture, while also promoting sustainable agricultural practices. However, the market's growth may face limitations due to environmental challenges associated with the use of plastic films.
List of Prominent Players in the Agricultural Films Market:
• Achilles Corporation
• Agriplast Tech India Private Limited
• Anhui Guofeng Plastic Industry Co., Ltd.
• Armando Alvarez Group
• Barbier Group
• BASF SE
• Beijing Huadun Xuehua Plastics Group Co., Ltd.
• Berry Plastics Group, Inc.
• Coveris
• Ecopolystw
• Exxon Mobil Corporation
• Futamura Chemical Co., Ltd.
• Ginegar Plastic Products Ltd.
• Im Sanin SRL
• Industrial Development Company Sal
• Kuraray Co., Ltd.
• Novamont S.P.A.
• Plastik V Sdn. Bhd.
• Plastika Kritis S.A.
• Polifilm Group
• Rani Group
• Rkw Group
• The Dow Chemical Company
• Trioworld
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Market Dynamics
Drivers:
The agricultural films market is primarily driven by the increasing use of crop films for greenhouse coverings, fodder wrapping, and soil protection to enhance crop quality and boost overall productivity. The growing need to improve agricultural output to meet the rising demand for food further supports market expansion. Technological advancements, such as the development of fluorescent, UV-blocking, and highly thermic films, along with the increasing consumer preference for biodegradable agricultural films due to their environmental benefits, are key growth factors. Additionally, the introduction of multi-layer films with UV protection and the growing demand for agricultural films, recognized for their flexibility and ease of production, are positively influencing agricultural productivity.
Challenges:
High installation costs and the environmental impact of plastic films are expected to restrain market growth. Stringent government regulations on the use of plastics and polythene are anticipated to present further challenges to the expansion of the agricultural films market.
Regional Trends:
The Asia Pacific agricultural films market is expected to hold a significant market share, driven by government initiatives supporting research and development in protected agricultural techniques. China is projected to experience the fastest growth globally due to the availability of arable land, technological advancements in agriculture, and the adoption of efficient horticultural practices aimed at maximizing crop yields. Meanwhile, North America has also secured a substantial market share, influenced by strict environmental regulations governing the production and disposal of films. Increasing consumer focus on biodegradable materials is expected to drive further growth in the region.
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Recent Developments:
• In January 2022-At its facility in Ludwigshafen, Germany, BASF increased the production capacity for Ecovio.
• In May 2021-Reyenvas, a division of the Armando Alvarez Group, created REYFILM BIO, a biodegradable mulching film, The polymers used to create REYFILM BIO are entirely biodegradable. They don't need to be removed because they decay directly on the ground, digested by their microbes.
Segmentation of Agricultural Films Market-
By Product Type-
• LLDPE
• LLDP
• Reclaim
• EVA
• HDPE
• Others
By End-use Application-
• Black Mulches
• Classic Greenhouse
• Clear films
• Greenhouse Films
• Low Tunnel
• Macro Tunnel
• Mulch Films
• Other Mulches
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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