Agricultural Films Market

Globally Agricultural Films range is around USD 10.52 billion in 2018. It is estimated to grow
at a CAGR of 6.3% to increase approximately up to USD 14.28 billion by 2023.
Agricultural films are used for layering greenhouses and are used to seal over soil or wrapped
around fodder. They are used for enhance the crop grade and increasing overall yield. Rising
need to upsurge agricultural product output to fulfill the day-to-day demand of population has
led to commercialization of these specialty coverings.
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Market views:
Globally Agricultural Films range is around USD 10.52 billion in 2018. It is estimated to grow at a
CAGR of 6.3% to increase approximately up to USD 14.28 billion by 2023.
Drivers and restraints:
The drivers influencing the growth of the Agricultural Films market globally are, Rising demand
for food due to increase in population tied with the rising necessity for ideal agricultural
productivity, The rise in demand for first-class crop and weakening in arable land is expected to
raise product demand over the coming years. Numerous innovations in the industry, including
Ultra Violet (UV) blocking, fluorescent, NIR blocking, and ultra-thermic films are likely to
influence product demand certainly over forecasted period.
There are also few restraining factors due to which the market facing challenges, they are
environmental challenges regarding product dumping and strict government regulations
concerning plastics and polythene.
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Partition of the Market:
Agricultural Films Market is partitioned globally according to Type and Applications. With
respect to type the market is partitioned into LLDPE, LDPE, Reclaim, EVA and HDPE. LLDPE has
the largest market share in this segment and is anticipated to witness the fastest growth.
Factors such as high-durability, the extended shelf life of finished products with high tensile
strength, and improved thermal properties are expected to increase market growth.
Meanwhile, LLDPE and LDPE are expected to witness high demand in the Asia Pacific, especially
in China due to their applications being highly beneficial in areas with limited water supply and
harsh climatic conditions. HDPE and EVA/EBA films are used in agricultural applications, where
rigidity is desired. PVC and EVOH have low market penetration owing to non-competitive prices
and low durability of finished products coupled with non-biodegradable nature of the products.
With respect to application, market is partitioned into Greenhouse Film, Mulch Film, and Silage
Film. Mulch film emerged as the leading application segment and accounted for the largest
share in the market. Factors such as an increase in demand for high-quality crop and rise in
disposable incomes are expected to drive the industry. The greenhouse is projected to witness
the fastest growth. Growing greenhouse agriculture in Asia, Middle East, and Western Europe is
expected to have a positive impact on the market growth. Growing demand for floriculture &
horticulture and uncertain climatic conditions are expected to increase market penetration.
Greenhouse films also help in improving productivity and plant cultivation.
Topographically, The Agricultural Films Market has been partitioned into Latin America,
Europe, Middle East, North America, and Asia Pacific & Africa. North-America tops the market
holding major portion of the share. Asia-Pacific is likely to grow the most in the coming years.
Europe is projected to witness quiet growth in near future owing to strict environmental
regulations concerning film disposal and manufacturing.
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Key players of the market:
Prominent players in Agricultural Films Market are The Dow Chemical Company, BASF SE,
ExxonMobil Corporation, RKW SE, Berry Plastic Group Inc., Grupo Armando Alvarez, British
Polythene Industries Plc., and Barbier Group.
Scope of the Report:
The report offers an extensive examination of the business by giving the estimations of market
potential and gauges with most extreme granularity. Along this, the variables persuasive in
affecting the market flow and patterns are examined in detail at the item level. Further, the
execution of the market at the territorial and nation level is evaluated and the prospects with
high development potential are distinguished and discussed.
The key players in the business are profiled giving bits of knowledge on their money related
execution, advertise position and development techniques. Similar investigation on prime
strategical exercises of the market players depicting the key advancements like mergers and
acquisitions, coordinated efforts and an assessment of the focused condition inside the
business are given. The report additionally offers an expansive standpoint of the market
alongside proposals from industry specialists on the open doors for speculation action.
What else? Aside from the syndicated report, our in-house group has an aptitude and
involvement in planning custom reports to meet your particular research needs and help you in
settling on very much educated choices.
Contact Info:
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Email: [email protected]
Organization: MarketDataForecast™
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Agricultural Films Market By Type (LLDPE, LDPE, Reclaim, EVA, HDPE), Application (Greenhouse Film, Mulch Film, And Silage Film)