Agricultural Films Market Worth USD 13 Billion by 2022: Applications and Business Forecast

Market Highlights:

Market Research Future published a Half Cooked Research Report on Global Agricultural Films Market. The Global Agricultural Films Market is expected to grow from about USD 9 Billion in 2015 to cross USD 13 Billion by the end of 2022, growing at a CAGR of 7% in the forecasted period.

Agricultural films are used extensively for covering greenhouses and soil and also wrapped around fodder. These films help in improving crop quality and increasing overall productivity of the land. The need to improve the productivity in the agricultural industry is directly correlated to the increasing demand for agricultural produce across the globe. There is a growing need for high-quality food crop by the average population.

Additionally, the film helps in increasing the area of controlled agriculture by providing materials that drive farming. These flexible and easy to produce materials are expected to benefit farmers and be demanded increasingly. The increased awareness about soil erosion and soil protection induces the growth of the market. The properties of these films such as reducing the risk of seed germination, decreasing soil erosion, raising soil temperature, and protecting against UV rays helps the increasing the popularity among the farmers.

The market is highly driven by the increasing greenhouse framing practices and the demand from the APAC region. The region is seen as highly potential market for the agricultural films and is expected to show even better market share by the forecasted period.

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Key Players:

The key players of global Agricultural Films market report include- The Dow Chemical Company, ExxonMobil Corporation, BASF SE, British Polythene Plc., Grupo Armando Alvarez, Berry Plastics Group, Inc., Henan Yinfeng Plastic Co. Ltd, Britton Group and Trioplast Industrier AB.

Market Research Analysis:

The market is highly application based. The key driver for market growth is increased emphasis on global agricultural output due to the rising food demand of the increasing population. This is backed by the need to facilitate the area of controlled agriculture by providing materials that drives farming. It is expected that the global agricultural films market will advance with higher growth rate as compared to previous years. However the current challenge for the market is the harmful effect of these plastic films on the ecology.

On the basis of application, greenhouse film leads the market in all the major regions across the globe. The share owes to the growing demand for eco-friendly farming, floriculture & horticulture and uncertain climatic conditions. Additionally, Silage films provide an airtight protection which avoids food spoilage. The demand for silage films is estimated to increase due to increased need for good quality barrier films. This induces the demand for agricultural films.

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On the basis of region, APAC takes the lead as the largest and fastest growing market, followed by North America and Europe. It accounts for over 75% of the global consumption. APAC, due to its rising population and increasing disposable income, demand high volume of food crops and other cultivated produce. Furthermore the government initiatives taken for agricultural reforms augment the demand for the plastic films from the region. The region has also seen a lot of investment in R&D to protect the health of the crop and soil, which further fuels the growth of the market.

Scope of the Report:

This study provides an overview of the global Agricultural Films industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Agricultural Films market as material, and application. On the basis of material it is segmented as LDPE, LLDPE, HDPE, EVA/EBA, Reclaims, and others. On the basis of application it is segmented as greenhouse films, mulching films, silage films, and others.

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