Agricultural Films Market Expected to Achieve 8.3% CAGR by 2029: Growth Forecast Insights

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How Large Will the Agricultural Films Market Size By 2025?
The market size of agricultural films has witnessed a robust increase in recent times. The market is expected to escalate from $11.77 billion in 2024 to $12.51 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. This previous expansion can be credited to the surge in organic farming, heightened consciousness about the environmental effects of chemical pesticides and fertilizers, a rise in the world's population, and burgeoning growth in economies.

How Big Is the Agricultural Films Market Size Expected to Grow by 2029?
The market size of agricultural films is projected to witness robust growth in the coming years, rising to $17.18 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%. This growth during the forecast period can be attributed to factors such as rising food demand, supportive government policies, the need for higher crop yields, implementation of precision agriculture, and an increase in disposable income. The key trends expected during this period include personalized microbial solutions, biological seed treatment methods, biodegradable biological formulations, and the application of blockchain technology.

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Which Key Market Drivers Powering Agricultural Films Market Expansion and Growth?
The global emphasis on enhancing agricultural yield is predicted to fuel the expansion of the agricultural films market. Agricultural yield, also known as output, is measured in terms of total output per unit of a single factor; land productivity (yield) and labour productivity are included in the partial factor productivity (PFP) calculations. The rise in population, coupled with the growing food demand and the decrease in farmland, boost the need for productive use of the available agricultural lands. For example, as per the GOV.UK, a UK government agency in July 2024, the yearly average price index for all farming outputs climbed by 1.4% between 2022 and 2023. Poultry was the largest factor contributing to the yearly farming outputs inflation rate, at 1.8 percentage points, followed by potatoes at 1.4 percentage points and pigs at 1.2 percentage points. Consequently, the surge in efforts to enhance agricultural output propels the growth of the agricultural film market.

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Which Fast-Growing Trends Are Poised to Disrupt the Agricultural Films Market?
The agricultural film market is being driven and molded by the addition of biodegradable polymers to bolster production. To supplant petroleum-based commodity plastics, prominent businesses are investing in biodegradable polymers that boast competitive mechanical characteristics. For instance, in March 2022, a Belgian chemical manufacturing firm, Solvay S.A., introduced Jaguar, a biodegradable polymer solution based on guar, designed for cultivating sustainable farming approaches. This compound offers improved robustness and a pleasing visual appeal.

What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Agricultural Films Industry?
Asia-Pacific was the largest region in the agricultural films market in 2024. 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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