Pune, May 04, 2020 (GLOBE NEWSWIRE) -- The global agricultural films market size is predicted to reach USD 14.31 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period. The increasing applications of films in tunnels, greenhouses, plastic reservoirs and irrigation systems, mulching, silage and others will spur growth opportunities for the market in the foreseeable future. The constantly rising demand for food has led to a surge for effective additives for plastics in agricultural applications. This, factor will boost the market trends. In addition, agricultural film has the capabilities of enhancing the productivity of the crops. Thus, growing demand for these films owing to its capabilities will bolster healthy growth of the market.
As per the published report by Fortune Business Insights, titled “Agricultural Films Market Size, Share & Industry Analysis, By Raw Material (Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethyl Vinyl Acetate/Ethyl Butyl Acrylate, Reclaims, and Other), By Application (Greenhouse, Mulching, and Silage), and Regional Forecast, 2019-2026” the market size stood at USD 8.68 billion in 2018. The agricultural film market report focuses and elaborates on the definition, types, applications, and major players in detail. Deep analysis of agricultural films market status, competition pattern, enterprise, advantages and disadvantages of enterprise Products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis.
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From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivaled data in a well-organized manner.
Market Driver:
Environmental Concerns to Motivate Chances for Biodegradable Films
The growing environmental issues and human health threats has made biodegradable films as an alternative solution for the agricultural films sector. The rising efforts for the development of biodegradable or edible films from biopolymers to improve crops performance and farming practices among end-users will have a positive impact on the agricultural films market share.
Biodegradable agricultural films are made from natural polymers and are propitious, as it improves crop quality, increases yields, reduces water use for irrigation, enhances weed control, and pesticides. Moreover, strict government guidelines regarding environmental protection will result in the expansion of the market in the forthcoming years. Besides, these films are completely organic, helping the bacterial flora to transform films into water and biomass, carbon dioxide or methane, hence reduction in water pollution.
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Regional Analysis:
Surge in Food Production to Stimulate Growth in Asia Pacific
The market in Asia Pacific stood at USD 5,924.4 million in 2018 and is expected to grow rapidly during the forecast period owing to the rising food production in developing countries such as India and China. The growing use of mulching agricultural films will enable healthy growth of the market in Asia Pacific. The growing population and Favorable government regulations will propel market in the region.
North America is predicted to witness a high growth rate during the forecast period owing to the rising consumers shift towards plant based-food. Europe is predicted to rise perpetually in the forthcoming years owing to the rising use of biodegradable films in the region.
List of Key Companies Operating in the Agricultural Films Market are;
- AbRaniPlastOy
- Armando Alvarez
- BASF
- Berry Global Inc.
- Kuraray Co. Ltd.
- Coveris
- RKW Group
- Trioplast Industrier AB
- Exxon Mobil Corporation
- Groupe Barbier
- Novamont
- Others
Key Development:
January 2019: RKW announced to expand Its silage films portfolio with Polydress SiloClassics and Polydress SiloPro. The new portfolio of the company will consist of design offerings to help farmers add a little significant value in terms of work efficiency and silage quality, also covering sustainability to cost-saving needs in agriculture.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends in Global Market
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Key developments: Mergers, Acquisition, Collaboration, Partnership, and Joint Venture
- Agricultural Films Market Analysis, Insights and Forecast – By Raw Material
- Key Findings
- Market Analysis, Insights and Forecast – By Raw Material
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
- High-Density Polyethylene
- Ethyl Vinyl Acetate/Ethyl Butyl Acrylate
- Reclaims
- Others
TOC Continued…!
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