BASF Announces Light Stabilizer for Greenhouse Films to Increase Crop Yields

BASF SE, the largest global chemicals company, in collaboration with Tân Hùng Cơ Masterbatch Manufacture Co., a leading Vietnam-based company engaged in manufacturing additive masterbatches used in plastic films, unveiled a solution to manufacture highly durable greenhouse films, which would enable farmers in increasing their crop yield and optimizing resources.

Tân Hùng Cơ is presently using Tinuvin® NOR™ 371, a plastic additive offered by BASF, for boosting lifespan and durability of these plastic greenhouse films produced from low density polyethylene. Addition of light stabilizers to the polymer allows in manufacturing greenhouse films that offer higher resistance to sunlight and heat, which gets generated due to presence of metallic greenhouse frame. Using Tinuvin NOR 371 results in production of greenhouse films that can withstand weathering for up to four years. According to TechSci Research, the announcement of the collaboration between the two companies complements Vietnam’s over $ 4 billion investment plan to improve technological landscape in the country’s agriculture sector.

According to a report published by TechSci Research, “Global Linear Low-Density Polyethylene Market, By Process Type (Gas Phase, Solution Phase and Slurry Loop), By Application (Films, Injection Moulding, Rotomoulding and Others), By Company and By Geography, Forecast & Opportunities, 2023”, the global linear low-density polyethylene market is anticipated to reach USD 67.88 billion by 2023 due to the growing use of linear low-density polyethylene in films due to its superior tensile properties which allows elongation and flexibility. Moreover, the rising adoption of LLDP in the packaging industry coupled with the extensive use in the manufacture of agricultural films will ensure robust growth of the market in the next five years. Based on process type, the gas phase segment is expected to lead the market as gas phase is preferred for LLDP production over the other methods. Based on the applications, the films segment is estimated to hold the largest market share by 2023 due to increasing use of LLDPE as films for the packaging industry. Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to the growing industrial base and rising demand for packing in emerging economies like India and China.

Another TechSci Research report titled, “Global Polyethylene Wax Market, By Type (HDPE Wax, LDPE Wax, Oxidized Polyethylene Wax and Others), By Process (Polymerization, Modification and Thermal Cracking), By Applications (Plastic Processing, Hot-Melt Adhesive, Ink & Coating Industry and Others), By Company and By Geography, Forecast & Opportunities, 2023”, states that the global polyethylene wax market is projected to reach USD 1.39 Billion by 2023 owing to the increasing popularity of hot-melt adhesives. Moreover, the rising adoption of HDPE wax among various end-use industries coupled with growing use in the ink & coatings industry is expected to propel the growth of the market during the forecast period. Based on the process, the modification segment is expected to lead the market in the next five years, due to increasing adoption of the process for HDPE and LDPE waxes. Based on the applications, the ink & coatings segment is projected to lead the market for the next five years, due to like lubricants for PVC processing, dispersing agents for polar masterbatches, surface modifiers in hot-melt adhesives etc. Asia-Pacific is expected to dominate the Polyethylene Wax market during the forecast period, due to increasing demand for Polyethylene Wax from emerging economies in the region like China, Japan and India.