Press release
Greenhouse Film Market Anticipated To Witness Robust Growth, Surpassing $9.35 Billion By 2029
Greenhouse Film
What Is the Current Greenhouse Film Market Size and Its Estimated Growth Rate?
The size of the greenhouse film market has seen a robust growth over the past few years. There is a predicted expansion from a market value of $6.17 billion in 2024 to a value of $6.71 billion in 2025, showing a compound annual growth rate (CAGR) of 8.8%. The progression during the historical period can be linked to factors such as the enhancement of crop yield, extension of growth seasons, resource efficiency, crop safety measures, and energy conservation.
The market size of greenhouse films is anticipated to experience robust expansion in the coming years, expectedly reaching a value of $9.35 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. The factors propelling this growth during the forecast period are sustainable agricultural practices, biodegradable films, vertical farming, global food security, and innovative agricultural technologies. The period is likely to witness significant trends such as the advent of advanced materials, energy-efficient films, anti-reflective coatings, films for insect and pest control, and films suitable for vertical farming.
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How Are Emerging Segments Shaping the Greenhouse Film Market Landscape?
The greenhouse film market covered in this report is segmented -
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)
Subsegments:
1) By Low Density Polyethylene (LDPE): Standard LDPE Films, UV-Stabilized LDPE Films
2) By Linear Low Density Polyethylene (LLDPE): LLDPE Stretch Films, LLDPE UV-Resistant Films
3) By Ethylene Vinyl Acetate (EVA): EVA Films With UV Protection, EVA Films For Thermal Efficiency
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Which Growth Factors Are Influencing Greenhouse Film Market Expansion?
The expansion of the greenhouse film market is expected to be driven by the increasing demand for food production. The process of turning raw materials from plants and animals into saleable food items is referred to as food production. The use of plastic greenhouses could enhance and stabilise crop yields. For example, the Organic Industry Survey published by the US-based Organic Trade Association in May 2023 reported that organic food sales in the United States increased by 4.3% from 59149 in 2021 to 61670 in 2022. Hence, the upsurge in agricultural production is contributing to the development of the greenhouse film market.
Who Are the Dominant Players Across Different Greenhouse Film Market Segments?
Major companies operating in the greenhouse film market include BASF SE, Berry Global Inc., EIFFEL Industry Plastics S.p.A, Essen Multipack Limited, Exxon Mobil Corporation, FVG Folien-Vertriebs GmbH, GCR Group, Ginegar Plastic Products Ltd., Iris Polymers Industries Pvt Ltd., Lumite Inc., Plastika Kritis SA, Polifilm Extrusion GmbH, RPC Group plc, Saudi Basic Industries Corporation (SABIC), Sichuan Bozong Greenhouse Co. Ltd, The Dow Chemical Company, Agriplast Tech India Pvt. Ltd., Beijing Kingpeng International Hi-Tech Corporation, Central Worldwide Co. Ltd., Tuflex India, Goutham Plastic (India) Pvt. Ltd., Grupo Armando Alvarez, Plastchim-T, Arid Agritec, Groupe Barbier
What Are the Latest Developing Trends in the Greenhouse Film Market?
The emerging trend of product innovations in the greenhouse film market is gaining significant traction. Leading entities in this market are honing in on the invention of new technological solutions in a bid to solidify their standing. A case in point is Agriplast, a manufacturer of greenhouse films based in Spain, who in October 2022, unveiled ECOAGRI. The ECOAGRI range offers greenhouse films, packaging items, and is set to expand to other agricultural products. It includes Powerlux PNP, a perforated polyethylene film that possesses the standard benefits of a nonwoven fabric and is fully recyclable.
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Which Geographic Regions Are Expected to Dominate the Greenhouse Film Market in the Coming Years?
Asia-Pacific was the largest region in the greenhouse film market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse film market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Greenhouse Film Market?
2. What is the CAGR expected in the Greenhouse Film Market?
3. What Are the Key Innovations Transforming the Greenhouse Film Industry?
4. Which Region Is Leading the Greenhouse Film Market?
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