IMARC Group, a leading market research company, has recently releases report titled “Agricultural Films Market Report by Type (Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethylene Vinyl Acetate, and Others), Application (Greenhouse, Silage, Mulching, and Others), and Region 2023-2028.” The study provides a detailed analysis of the industry, including the global agricultural films market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the agricultural films market?
The global agricultural films market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.66% during 2023-2028.
What are agricultural films?
Agricultural films are specialized plastic materials used extensively in the agricultural sector. These films are engineered to cover soil, greenhouses, and fodder silos, offering protection and enhancing the overall yield of crops. They serve as a critical tool in modern agriculture, providing a multitude of benefits such as temperature control, light diffusion, and moisture retention. Agricultural films are typically made from high-quality polyethylene, ethylene-vinyl acetate (EVA), and other durable polymers to ensure longevity and effectiveness. They play a vital role in improving agricultural productivity by protecting crops from adverse weather conditions, pests, and weeds. These films also contribute significantly to soil health management by reducing water evaporation and promoting efficient fertilizer use. As a result, agricultural films find extensive applications in a variety of farming practices, including horticulture, floriculture, and silage production, owing to their versatility and efficiency.
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What are the growth prospects and trends in the agricultural films industry?
The global agricultural films market is primarily driven by the increasing demand for higher agricultural yields due to the rapidly growing global population. This demand has led to the widespread adoption of advanced farming techniques, where agricultural films play a pivotal role. Additionally, technological advancements in film production, such as the development of biodegradable and eco-friendly films, are propelling market growth. These innovations align with the rising environmental concerns and the need for sustainable farming practices. Furthermore, favorable government initiatives and subsidies in various countries to promote modern agriculture techniques are accelerating the product adoption rate. Along with this, the significant expansion of high-value crops and the emerging trend of controlled environment agriculture, such as greenhouses and tunnel farming, are contributing to the market growth. Besides this, the heightened awareness among farmers about the benefits of agricultural films in enhancing crop quality and reducing the risk of crop failure is further fueling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
- High-Density Polyethylene
- Ethylene Vinyl Acetate
Breakup by Application:
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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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