Agricultural Films Market to Grow with a CAGR of 6.34% through 2028
Increased demand
for biodegradable films and rising use of greenhouse & tunnel farming
practices is expected to drive the Global Agricultural Films Market growth in
the forecast period, 2024-2028.
According to
TechSci Research report, “Agricultural Films Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Agricultural Films Market stood at USD
11.75 Billion in 2022 and is anticipated to grow with a CAGR of 6.34% in the forecast
period, 2024-2028. The global agricultural films market is primarily driven by
multiple factors like rising population and the subsequent demand for food,
along with the need for improved agricultural productivity, are key drivers.
Technological
advancements in agricultural practices are fostering the use of these films.
Additionally, the growing awareness about the benefits of using agricultural
films, such as improved soil temperature, nutrient conservation, moisture
retention, and weed control, further propel market growth.
The Global
Agricultural Films Market represents the expansive worldwide industry that
revolves around the utilization of specialized plastic films in agriculture.
These versatile films, carefully engineered with advanced materials and
technologies, play a crucial role in numerous agricultural practices,
effectively enhancing the productivity, sustainability, and overall quality of
crops. By exerting precise control over essential factors like temperature,
humidity, soil nutrient levels, and light exposure, agricultural films
contribute to the optimization of farming conditions, leading to higher yields
and better crop outcomes.
These innovative
films find application in diverse ways, catering to the unique needs of
different crops and farming systems. For instance, in soil mulching,
agricultural films act as a protective barrier, preventing soil erosion,
conserving moisture, and suppressing weed growth. They also regulate soil
temperature, allowing for optimal root development and nutrient uptake. In greenhouse
covering, these films create an ideal microclimate, regulating temperature and
humidity to provide optimal conditions for plant growth. Additionally,
agricultural films are used for fodder wrapping, preserving the nutritional
value and freshness of animal feed, thus ensuring the health and well-being of
livestock.
The thriving
market for agricultural films encompasses the entire spectrum of activities,
ranging from the production and distribution to the widespread application of
these films across the globe. As the agriculture industry continues to evolve
and face new challenges, the demand for innovative and sustainable solutions
like agricultural films is expected to grow exponentially. This growth is
driven by the need to improve resource efficiency, reduce environmental impact,
and meet the rising global demand for food. As a result, the agricultural films
market is poised for further advancements and opportunities, with continuous
research and development paving the way for new technologies and applications
in this dynamic and ever-evolving industry.
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In addition to
their primary functions, agricultural films also contribute to reducing
pesticide use by acting as a physical barrier against pests and diseases. This
not only helps in minimizing chemical exposure but also promotes
environmentally friendly farming practices. Moreover, these films can be
engineered to have specific properties, such as UV resistance, water
permeability, and biodegradability, to address the specific needs of different
crops and farming conditions. The future of agricultural films holds immense
potential for innovation and growth. Ongoing research and development efforts
are focused on improving film performance, durability, and sustainability.
Advanced technologies, such as nanotechnology and biodegradable materials, are
being explored to develop next-generation agricultural films that offer even
greater benefits in terms of crop protection, resource efficiency, and
environmental impact. With the ever-increasing global population and the need
to ensure food security, the role of agricultural films in modern farming
practices will continue to expand, driving further advancements and
opportunities in this vital industry.
The Global Agricultural
Films Market is segmented into type, application, regional distribution, and
company.
Based on type, Linear
Low-Density Polyethylene (LLDPE) is currently dominating the Global
Agricultural Films Market, largely due to its superior qualities and versatile
applications. With its exceptional tensile strength, puncture resistance, and
flexibility, LLDPE stands out as the go-to material for agricultural films,
especially in harsh agricultural conditions. Its remarkable durability is
further enhanced by its high resistance to ultraviolet light and chemicals,
ensuring a longer lifespan compared to other materials. These compelling
attributes make LLDPE a trusted and preferred choice for a wide range of
applications in the agricultural industry, solidifying its dominance in the
global market.
Based on region,
The Asia Pacific region is currently dominating the global Agricultural Films
market due to a myriad of factors. With its vast and diverse agricultural
sector, encompassing a wide range of crops and livestock, the region has
established itself as a key player in the global agricultural industry. The
rapidly increasing population in this region, coupled with a growing demand for
high-quality agricultural products, further contributes to its dominance in the
market. Moreover, the Asia Pacific region has witnessed significant
technological advancements in agriculture, including the adoption of precision
farming and controlled-environment agriculture. These modern agricultural
practices rely heavily on the use of Agricultural Films to optimize crop growth
and protect plants from adverse weather conditions. The continuous support from
the governments in this region, through favorable policies and subsidies, has
also played a crucial role in propelling the growth of the Agricultural Films
market.
Major companies
operating in Global Agricultural Films Market are:
- AB Rani Plast Oy
- BASF SE
- Berry Global Inc.
- Plastika Kritis SA
- Novamont SpA
- ExxonMobil Chemical
- Armando Alvarez Group
- Group Barbier Inc.
- The RKW Group
- INDVECO Group
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“The future of
the Global Agricultural Films Market is brimming with potential, anticipating
substantial growth in the forthcoming years. As the world confronts the
pressing challenge of nourishing an expanding population against the backdrop
of diminishing arable land, agricultural films are poised to become
indispensable in boosting crop productivity. These films facilitate measured
agricultural practices such as mulching, fumigation, and greenhouse farming,
thereby enhancing yield while simultaneously conserving the environment. By
creating a microclimate, they assist in controlling factors like soil
temperature, light, and moisture, significantly improving the efficiency of agricultural
ventures. Furthermore, the escalating focus on sustainable farming practices is
another pivotal factor driving the demand for these films. The advancements in
biodegradable agricultural films strike a balance between agricultural
productivity and environmental sustainability, thereby reinforcing the market's
potential. Adding to this is the role of agricultural films in reducing water
usage and preventing weed growth, which are critical factors in sustainable
farming. As such, the agricultural films market is set to experience a
substantial surge, with its pivotal role in modern agriculture and sustainable
practices.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Agricultural Films Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (LLDPE, LDPE, HDPE, Reclaim, EVA and Others), By Application
(Mulch Film, Greenhouse Film and Silage Film), By Region and Competition”,
has evaluated the future growth potential of Global Agricultural Films Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Agricultural Films Market.
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