According to the latest report by IMARC Group, titled “Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global agricultural films market reached a value of US$ 9.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.0 Billion by 2027, exhibiting a CAGR of 5.77% during 2022-2027.
Agricultural Films Industry Definition and Application:
Agricultural films assist in enhancing crop quality, ensuring optimal utilization of the harvest, and protecting soil from adverse weather conditions. These films also aid in preventing evapotranspiration, suppressing weed growth and maintaining internal temperature. As a result, they find extensive application in greenhouses, tunnels, plastic reservoirs, mulching, silage, and irrigation systems across the globe.
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Global Agricultural Films Market Trends and Drivers:
At present, there is a considerable increase in the demand for agro-based products around the world. This, in confluence with the growing global population and depleting arable land, represents one of the key factors positively influencing the market. Besides this, leading manufacturers are utilizing compostable and bio-based raw materials for the manufacturing of environment-friendly agricultural films. This, along with the rising adoption of horticulture practices worldwide, is strengthening the market growth. Other significant factors, including increasing concerns about environmental risks and the development of innovative product variants, such as bags for grain storage, are projected to stimulate the growth of the market.
Agricultural Films Market Segmentation:
The report has segmented the market on the basis on region, type and application.
Breakup by Type:
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
- High-Density Polyethylene
- Ethylene Vinyl Acetate
Breakup by Application:
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
- Ab Rani Plast Oy
- Armando Alvarez S.A.
- BASF SE
- Berry Global Inc.
- Exxon Mobil Corporation
- Kuraray Co. Ltd
- Novamont S.p.A.
- RKW Hyplast
- The Dow Chemical Company
- Trioplast Industrier AB.
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