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Key Trends Influencing the Growth of the Agricultural Films Market in 2025: Biodegradable Polymers Transforming The Agricultural Film Market
Agricultural Films Market
What Is the Expected CAGR for the Agricultural Films Market Through 2025?
The market size for agricultural films has seen robust growth in the past few years. It is projected to expand from $11.77 billion in 2024 to $12.63 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. The historical growth in this market is ascribed to factors such as an increase in organic farming, enhanced environmental awareness regarding the impact of chemical pesticides and fertilizers, a rise in the global population, and burgeoning economic growth in emerging countries.
What's the Projected Size of the Global Agricultural Films Market by 2029?
Over the coming years, the agricultural films market is predicted to experience robust growth, expanding to $17.55 billion by 2029 with a compound annual growth rate (CAGR) of 8.6%. The development during the forecast period is primarily due to the rising demand for food, supportive governmental regulations, the need for enhanced crop production, adoption of precision farming practices, and an increase in disposable income. The forecast period will be characterized by significant trends like personalized microbial solutions, biological seed treatments, biodegradable biological formulas, and the application of blockchain technology.
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Top Growth Drivers in the Agricultural Films Industry: What's Accelerating the Market?
The worldwide emphasis on enhancing agricultural yield is predicted to stimulate the growth of the agricultural films market. Agricultural productivity, sometimes referred to as output, is the total product per unit of a singular input; metrics of partial factor productivity (PFP) encompass land productivity (yield) and labour productivity. The escalating population combined with food demand and the diminishing agricultural land boosts the need for productivity on currently utilized agricultural lands. For instance, as per GOV.UK, a governmental agency based in the UK reported an average annual price index increase of 1.4% for all agricultural outputs from 2022 to 2023. The main farming outputs contributing to this annual inflation rate were poultry, contributing 1.8 percentage points, followed by potatoes and pigs, contributing 1.4 and 1.2 percentage points respectively. Thus, the persistent effort to escalate agricultural output propels the expansion of the agricultural film market.
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What Trends Will Shape the Agricultural Films Market Through 2029 and Beyond?
The way the agricultural film market is evolving is largely due to the emergence of biodegradable polymers designed to increase output. Big businesses are channeling investment into biodegradable polymers with mechanical properties that can compete with conventional petroleum-derived plastics. For example, Solvay S.A., a Belgium-based chemical manufacturer, debuted Jaguar in March 2022. This is a guar-based biodegradable polymer solution crafted to usher in eco-friendly farming approaches. This substance provides superior resilience and a visually pleasing effect.
What Are the Main Segments in the Agricultural Films Market?
The agricultural films market covered in this report is segmented -
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
Subsegments:
1) By Low-Density Polyethylene (LDPE) Films: Agricultural Mulch Films, Greenhouse Films, Silage Films
2) By Linear Low-Density Polyethylene (LLDPE) Films: Mulch Films, Stretch Films, Shrink Films
3) By High-Density Polyethylene (HDPE) Films: Geomembranes, Greenhouse Covers, Pond Liners
4) By Ethylene Vinyl Acetate (EVA) Films: Photovoltaic Films, Greenhouse Films, Mulch Films
5) By Other Types: Polypropylene (PP) Films, Polyvinyl Chloride (PVC) Films, Biodegradable Films, Other Specialty Films
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Which Top Companies are Driving Growth in the Agricultural Films Market?
Major companies operating 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, Ab Rani Plast Oy, INDEVCO Group, Takiron Co. Ltd., Britton Group Inc., Anhui Guofeng Plastic Industry Co. Ltd., Plastika Kritis SA, Novamont SpA, ExxonMobil Chemical, Barbier Group, INDVECO Group, AGRIPOLYANE, AEP Industries Inc., Novolex Holdings Inc., Plastibell SpA, Polifilm GmbH, Groupe Guillin SA, Ginegar Plastic Products Ltd., Agriplast Tech India Pvt. Ltd., CI Takiron Corporation, Novolex Holdings Inc.
Which Regions Will Dominate the Agricultural Films Market Through 2029?
Asia-Pacific was the largest region in the agricultural films market in 2023. The regions covered in the agricultural films market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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