“The global agricultural films market is projected to grow at a CAGR of 5.9% during the forecast period”
The global agricultural films market is estimated to be USD 7.92 billion in 2017 and is projected to reach USD 10.57 billion by 2022, at a CAGR of 5.9% from 2017 to 2022. Growing global population has led to an increased need for optimum agricultural productivity, which is consequently expected to boost the demand for agricultural films to increase yield and crop quality. However, the high cost of installation of greenhouse films and adverse effects of plastics on the environment can restrain the growth of the market.
“The Linear Low-density Polyethylene (LLDPE) segment is anticipated to be the largest type segment of the global agricultural films market”
The Linear Low-density Polyethylene (LLDPE) segment is expected to be the largest type segment of the global agricultural films market from 2017 to 2022. LLDPE is the most widely used type of agricultural films, owing to its properties, such as higher puncture resistance, high tensile strength, and resistance to sunlight & cracking. LLDPE is rapidly replacing conventional Low-density Polyethylene (LDPE) in many application areas, due to its lower production cost and high performance.
“The greenhouse film application segment is anticipated to be the largest application segment of the global agricultural films market during the forecast period”
The greenhouse film segment is projected to be the largest application segment of the global agricultural films market from 2017 to 2022. The need for lighter and safer structures has been driving the agricultural films market in the greenhouse film application. Greenhouse films protect crops from UV rays and offer durability. Moreover, there is a high demand for greenhouse films from emerging countries such as India and China, which, in turn, is anticipated to drive the growth of the agricultural films in the greenhouse film application segment in the coming years.
“Asia Pacific is projected to be the fastest-growing market for agricultural films during the forecast period”
The agricultural films market in the Asia Pacific region is projected to witness the highest growth during the forecast period. Growing population and rising demand for food have led to an increased demand for optimum agricultural output. The area under cultivation cannot be increased due to a decrease in arable land. Thus, the practice of controlled agriculture is essential to cater to the demands of rising population, which is fueling the growth of the agricultural films market in the region.
Breakdown of profiles of primary interviews for the report
- By Company Type: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
- By Designation: C Level – 21%, Director Level – 23%, and Others – 56%
- By Region: North America – 37%, Europe – 23%, Asia Pacific – 26%, and RoW – 14%
Key companies profiled in this report include BASF (Germany), Dow Chemical (U.S.), Berry Global (U.S.), The RKW Group (Germany), Trioplast Industrier AB (Sweden), Ab Rani Plast Oy (Finland), RPC Group (U.K.), Grupo Armando Alvarez (Spain), Kuraray (Japan), and Coveris (U.S.).
The global agricultural films market has been segmented on the basis of type, application, and region. Based on type, the market has been classified into LLDPE, LDPE, Reclaim, EVA, HDPE, and others. Based on application, the market has been segmented into greenhouse film, mulch film, and silage film. Based on region, the global agricultural films market has been segmented into Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
This report covers the following aspects that will benefit the client:
- Market segmentation on the basis of type, application, and region
- Market dynamics including drivers, restraints, and opportunities
- Porter’s Five Forces analysis
- Profile of key players in the global agricultural films market