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Agricultural Films - Global Market Outlook (2020-2028)

Agricultural Films - Global Market Outlook (2020-2028)

4.1 (85 reviews)
Published: June 2021 ID: SMRC20582
4.1 (85 reviews)
Published: June 2021 ID: SMRC20582

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Agricultural Films Market is accounted for $10.21 billion in 2020 and is expected to reach $19.05 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Some of the key factors propelling the market growth include increasing demand from the dairy industry, need to increase agricultural productivity, along with technological advancements such as Ultra Violet (UV) blocking, NIR blocking, florescent, and ultra-thermic films in developing as well as developed countries, ongoing investments for biodegradable and bio-based polymer films, and rising demand for high-quality crops. However, adverse effects of plastics on the environment are likely to restraint the market.

 

agricultural-films-fig-12.png

The use of agricultural films as a means to safeguard crops from pests has been explored since the past some years. Agricultural films are basically low weight LDPE or PE plastic films. Mulches, silage bags are just varied forms of a basic agricultural film. These films are being used increasingly in a bid to preserve and nurture plant health by preventing water loss, UV stabilization to cool soil and prevent insect attack, etc. The most important agricultural applications of plastic films are a greenhouse, walk-in tunnel and low tunnel covers, and mulching. The raw materials used for making these films are usually low-density polyethylene (LDPE) and ethylene-vinyl acetate (EVA) or ethylene-butyl acrylate (EBA) copolymers for the ‘covers’ and linear low-density polyethylene (LLDPE) for ‘mulching’.

By type, the mulch films are projected to be the fastest-growing segment of the agricultural films market during the forecast period, due to increasing demand for high-quality crop and rising disposable incomes. Mulch films are used in dry regions where sustaining of crops is important. Factors such as protection of crops from pests, limited supply, and judicious use of water and high agricultural productivity are anticipated to drive the growth. Its properties, such as high tear-resistance and durability, are likely to drive the growth of the segment, making them suitable for use in the agriculture sector. Asia Pacific is projected to be a key market for mulch films during the forecast period, due to high demand for superior quality barrier films in the region.

On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to growing population, increased demand for controlled agriculture, significant development of the agricultural sector, and the growing demand for food in countries such as China and India due to population growth. Farmers in the Asia-Pacific region in general and China, in particular, are increasingly adopting protected agriculture for enhancing crop production and quality. It is estimated that currently, almost 3.3 million hectares of crop area in China is under protected cultivation. Other large countries in the region such as India, Japan, South Korea are also using agricultural films in greenhouses and mulching, especially in the cultivation of vegetables. Therefore, the expanding cultivation of fruits and vegetables in Asia-Pacific is expected to drive the market for agricultural films furthermore in the coming years.

Some of the key players in Agricultural Films Market include DowDuPont, Inc., BASF SE, Berry Global, Inc., Coveris Group, Novamont SpA, AL-PACK Enterprises Ltd., RPC Group PLC, ExxonMobil Corporation, Ab Rani Plast Oy, Kuraray Co., Ltd., Grupo Armando Alvarez SA, The Rkw Group, Achilles Corporation, Trioplast Industrier AB, Barbier Group, Plastika Kritis S.A., and Ginegar Plastic Products Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 10.21 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

8.1%

Predicted 2028 Value:

USD 19.05 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

275

Chapters Covered:

Material, Application, Type, Grade Type, and Sales Channel

Core Drivers and Opportunities:

  • Ongoing investments for biodegradable and bio-based polymer films
  •  Rising demand for high-quality crops
  • Increasing nano greenhouses

Restraining Factors & Market Threats:

  • High cost of installation
  • Adverse effects of plastics on the environment


Materials Covered:
• Low-Density Polyethylene (LDPE)
• Ethylene-Vinyl Acetate/Ethyl Butyl Acrylate (EVA/EBA)
• Linear Low-Density Polyethylene (LLDPE)
• High-density Polyethylene (HDPE)
• Reclaim
• Engineering Plastics
• Polypropylene (PP)
• Other Materials

Applications Covered:
• Fruits & Vegetables
• Fіеld Crорѕ
• Flower Сrорѕ
• Fоrеѕtrу
• Grains

Types Covered:
• Mulch Films
• Greenhouse Films
• Silage and Stretch Films
• Geo-Membrane Films
• Shed Plastic Film
• Other Types

Grade Types Covered:
• Low Grade
• Middle Grade
• High Grade

Sales Channels Covered:
• Distributor
• Direct Sales

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea                
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Agricultural Films Market is majorly driven by global focus on increasing agricultural output, growing uses of modern farming technology to enhance the yield of crops, surging demand for biodegradable and soil degradable films, and increasing demand from the dairy industry.

The mulch films segment is growing at a highest CAGR owing to increasing demand for high-quality crop, rising disposable incomes, protection of crops from pests, judicious use of water and high agricultural productivity, and high tear-resistance and durability.

North America dominated with a significant market share due to increased demand for agricultural films in the farming of crops such as corn, wheat, and soybean and increasing shift of consumers towards plant based-food.

Asia Pacific market is growing at a highest CAGR owing to the rapidly growing population, increased demand for controlled agriculture, significant development of the agricultural sector, and the favorable government initiatives such as R&D of protected agriculture practices.

Some of the key players in Agricultural Films Market include DowDuPont, Inc., BASF SE, Berry Global, Inc., Coveris Group, Novamont SpA, AL-PACK Enterprises Ltd., RPC Group PLC, ExxonMobil Corporation, Ab Rani Plast Oy, Kuraray Co., Ltd., Grupo Armando Alvarez SA, The Rkw Group, Achilles Corporation, Trioplast Industrier AB, Barbier Group, Plastika Kritis S.A., and Ginegar Plastic Products Ltd.

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