Agricultural Films Market Global Trends 2015 to 2022, Future Growth & Industry Drivers

Agricultural Films Market is projected to surpass 9.2 million tons by 2024, at a CAGR of 6.2% over the period of 2016-2024. Growing need for producing high-quality crops along with the heavy requirement for increasing agricultural/crop production as a result of rising population is predicted to drive the product demand. Innovations in biotechnology leading to manufacturing of products from sustainable sources coupled with the adoption of more advanced scientific farming techniques are few other factors likely to boost the market share over the coming years.

Global Market Insights has a new study based report titled " Agricultural Films Market Size By Application (Mulching, Green House, Silage), By Raw Material (LLDPE, LDPE, EVA, Reclaims, HDPE), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022".

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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

Greenhouse applications segment contributing about 41% to the overall volume in 2014, is predicted to record a CAGR of 6.3% over the forecast timeline due to climatic fluctuations and rising floriculture & horticulture trend.

Heavy demand for the agricultural films in silage applications is due to its high nutrition contribution to animal feed resulting in higher milk production.

The Agricultural Films Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Agricultural Films Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Agricultural Films Market Product Insights
Polymers/raw materials used to manufacture agricultural films include LDPE, LLDPE, HDPE, EVA, and Reclaims. LLDPE agricultural film market size worth USD 3.2 billion in 2014, at a CAGR of 6.5% over the forecast timeframe, is predicted to witness a heavy demand in the coming eight years due to improved shelf life, moisture resisting features, cost-effectiveness and exceptional thermal strength. Furthermore, rising agricultural activities in countries like Thailand, India, and Malaysia due to modernization in techniques of farming is projected to drive the demand for the product.

5. Agricultural Films Market Application Insights
Agricultural films are finding growing applications in mulching, silage, and greenhouse. Mulching applications are predicted to surpass 4.24 million tons, at a CAGR of 6.2% over a period of 2016-2024. Farmers are focusing on mulching applications to retain soil water, hinder weed growth, reduce crop damage by insects & pests, maintain soil temperature, and increase crop production. Mulching applications segment worth USD 2.6 billion in 2014, is projected to witness heavy demand for the product over the next eight years.

6. Agricultural Films Market Regional Insights

North America agricultural films market is predicted to grow at a rate of 5% over the forecast timeline due to heavy demand for greenhouse applications along with low availability of cultivable land. The U.S. market is predicted to contribute significantly towards the regional growth.

China agricultural films market size worth USD 3.8 billion in 2014, will register a CAGR of 6.5% over the estimated timeframe, owing to the heavy product demand in agriculture as a result of water scarcity and tough weather conditions. In addition to this, the use of modern methods of farming in agriculture is likely to drive the product demand in the region.

MEA agricultural films market share contributing about 8% of the overall demand in 2014, is expected to witness a substantial growth over the forecast timeline with countries like South Africa, Saudi Arabia, and UAE contributing enormously to the regional growth. Furthermore, factors like low availability of tillable/cultivable land along with rising demand for food as a result of a growing population is predicted to boost the market trends.

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7. Competitor Profiles

Global waterproofing membranes market share is moderately consolidated. Some companies operating in this industry are Dow chemical, BASF, Silk AG, Du Pont, Covestro, Pidilite, Fosroc, CICO Technologies, W.R. Meadows, Soprema Group, Johns Manville, Synergies, Cangzhou Jiansheng Building Waterproof Material and Fairmate Chemicals. Companies including BASF, Pidilite and Dow are present across the value chain and captively use raw ingredients for producing different product grade.

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