Press release
Agricultural Films Market Key Players Analysis - 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 28.0 Bn by the year 2034, exhibiting a CAGR of 7.8% during the forecast period.
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The adoption of advanced agricultural practices has led to the increasing utilization of agricultural films and plastics to enhance crop quality and maximize yield per unit area. These materials play a critical role in various applications, including mulching, controlled environment agriculture, greenhouse operations, and soil preservation.
The growing prevalence of mulching films, alongside rising awareness of sustainable farming practices, is expected to drive the expansion of the agricultural films market in the coming years. Furthermore, escalating global food demand-largely attributed to population growth-is expected to accelerate the implementation of protected cultivation methods, thereby intensifying the focus on optimizing agricultural productivity.
Mulching films have become essential components of contemporary farming due to their ability to retain soil moisture, suppress weed growth, prevent erosion caused by rainfall, and elevate soil temperature. These benefits collectively contribute to improved crop yields by minimizing pest-related damage and the presence of harmful microorganisms.
The demand for biodegradable agricultural films is projected to experience substantial growth during the forecast period, driven by increasing environmental concerns. These biodegradable alternatives provide similar functional benefits to traditional plastic mulch films-including effective weed control, temperature regulation, and nutrient conservation-while supporting sustainable agricultural practices. Nonetheless, the overall expansion of the agricultural films market may be moderated by ecological concerns related to the widespread use of conventional plastic-based materials.
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
Growth Drivers:
The growth of the agricultural films market is primarily driven by the expanding use of crop films in applications such as greenhouse coverings, silage wraps, and soil protection. These films play a vital role in enhancing crop quality and increasing agricultural productivity. The escalating global demand for food has further heightened the need to boost crop yields, which in turn supports the demand for advanced film technologies.
Ongoing innovations-such as fluorescent, UV-blocking, and high thermal insulation films-are significantly contributing to market development. Additionally, the increasing awareness of environmental sustainability is encouraging the adoption of biodegradable film materials. The emergence of multi-layer films with UV resistance and the growing preference for flexible, easily manufactured films are also improving agricultural efficiency and accelerating market growth.
Market Challenges:
Despite the positive outlook, several challenges may impede market expansion. High initial installation costs and environmental concerns associated with the extensive use of plastic films remain key barriers. Moreover, strict regulatory standards governing the production, application, and disposal of plastics and polyethylene-based materials add further complexity to the market landscape.
Regional Insights:
The Asia Pacific region is expected to lead the agricultural films market in terms of revenue, largely due to supportive government initiatives promoting research and development in protected agriculture. China, in particular, is projected to experience substantial growth, driven by a combination of arable land availability, technological progress in farming practices, and the widespread implementation of advanced horticultural techniques aimed at optimizing yield. North America is also witnessing solid market performance, supported by stringent environmental regulations concerning film manufacturing and disposal. The rising consumer preference for biodegradable film solutions is likely to further bolster market 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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