The global agricultural films market is expected to reach USD
13.85 billion by 2024, according to a new report by Grand View Research, Inc.
Growing population is anticipated to exert pressure on agricultural
productivity. These films are used to enhance the productivity and improve crop
quality by minimizing soil erosion, providing nutrients, and suppressing weed
growth. They are primarily made of polyethylene. Growing consumer disposable
income coupled with the rising high-quality crops demand is anticipated to
drive the market growth over the forecast period.
Depleting arable land is expected to impact
market growth positively over the next eight years. Protective films are placed
over soil, covered over greenhouses and wrapped around fodder. Various benefits
offered by agricultural films including reducing the risk of seed germination,
decreasing soil compaction, raising soil temperature, providing nutrients, and
protecting against UV rays. These advantages are expected to raise product
demand in near future.
Agricultural films for green house dominated the
global demand and accounted for 42.9% of total revenue in 2015. This trend is
anticipated to continue over the forecast period on account of rising demand
from emerging economies such as China and India.
The
global agricultural films market, estimated to witness a high CAGR
in forthcoming period. These films are made-up of diverse resins. It comprises
reclaims, ethylene vinyl acetate/ethylene butyl acrylate, low density
polyethylene, linear low density polyethylene and high density polyethylene.
These films offer a protective coat and enable suitability for vegetables,
crops and fruits. These protecting films are covered above greenhouse, with
fodder otherwise located above soil, to retain and adjust to ideal climatic
conditions. On the other hand, agricultural films are extensively utilized in
rural applications for example tunnels, mulching, silage, and greenhouse.
Additionally, the films also find extensive uses for traditional agricultural
methods. These films are increasing their attractiveness throughout the globe
since these are used for increasing the productivity of the farm.
Rising
demand for the food due to surge in population followed by increase in need for
best possible farming production is estimated to impel the development of the
global market for agricultural films. The factors, for example, growing need
for high-class harvest and decreasing arable territory, are expected to
additionally boost the demand for the product.
For full research report on Agricultural Films Market visit here:
https://www.grandviewresearch.com/industry-analysis/agricultural-films-market
Further key findings from the report suggest:
- The
global agricultural films market demand 5.15 million tons in 2015 and is
expected to reach 8.28 million tons by 2024, growing at a CAGR of 5.4%
from 2016 to 2024
- Linear
low-density polyethylene (LLDPE) was the major raw material segment in
2015 and is expected to reach a market worth USD 7.29 billion by 2024,
growing at a CAGR of 8.0% from 2016 to 2024. The high growth may be
attributed to the growing demand for these films in Asia Pacific.
- Low-density
polyethylene (LDPE) is projected to grow at a CAGR of 7.3% from 2016 to
2024. The high growth may be attributed to their use in agriculture areas
with harsh climatic conditions and limited water supply.
- Asia
Pacific was the leading consumer and accounted for 70.1% of global revenue
in 2015 owing to rising consumer disposable income coupled with favorable
government initiatives in the agriculture sector.
- Major
companies operating in the global agricultural films industry include AB
Rani last Oy, AEP Industries, Al-Pack Enterprises, BASF, Berry Plastic
Group, Inc., British Polyethylene Industries PLC, Novamont S.PA, RKW and
Triplast Industrier AB.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/agricultural-films-market/request/rs1
Grand
View Research has segmented the agricultural films market on the basis of raw
material, application and region:
Global
Agricultural Films Raw Material Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2024)
- Low
density polyethylene (LDPE)
- Linear
low density polyethylene (LLDPE)
- High
density polyethylene (HDPE)
- Ethyl
vinyl acetate/ ethyl butyl acrylate (EVA/EBA)
- Reclaims
- Others
Global
Agricultural Films Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2024)
- Green
house
- Mulching
- Silage
Global
Agricultural Films Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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