LOS ANGELES, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Seasoned analysts at QY Research have added another broad research study to their chemical and material archive of market research reports. Bearing the title “Global Agricultural Films Sales Market Report 2018,” the report offers deep insights into market dynamics, regional growth, and market competition.
According to the report, the global agricultural films market is predicted to rise at a 10.7% robust CAGR between 2018 and 2025. By the end of 2025, the global market value is foretold to cross US$ 20.0 Bn.
High Focus on Improving Agricultural Output to Augur Well for Market Growth
The need to increase crop and yield quality is anticipated to boost the demand in the global agricultural films market. Furthermore, the growing need to improve agricultural productivity as a result of the rise in global population growth is foreseen to push the demand for agricultural films. Besides agriculture, the dairy industry is envisaged to increase the demand in the global market.
Emerging regions such as Asia Pacific are expected to provide a good momentum to the global agricultural films market due to the high demand for controlled agriculture. Greenhouse films could be highly demanded in the global market because of their durability and ability to protect from UV rays. However, high installation cost and adverse effects of plastic on the environment are prognosticated to hamper the growth of the global market.
Nevertheless, there could be opportunities created in the global agricultural films market as a result of the increased use of biodegradable films in developed countries, increasing number of nano greenhouses, and high technological innovation.
Global Agricultural Films Market: Forecast by Product and Application
On the basis of product, the global agricultural films market is classified into low grade, middle grade, and high grade. By application, the report covers three segments, viz. mulch plastic film, shed plastic film, and others.
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Europe and the America Offer High-end Agricultural Films in Global Market
The authors of the report study key regions and countries, viz. India, Southeast Asia, Japan, China, Europe, and the U.S. High end-products are expected to mainly come from Europe and the Americas into the global agricultural films market.
China is one of the top countries manufacturing agricultural films. The number of companies in China has been increasing rapidly since decades of development. Most of these companies are fairly large in size. Developed and prosperous Chinese markets such as Xinjiang, Sichuan, Gansu, and Shandong mainly witness the distribution of companies in the country. Comparatively, the production of agricultural films and high-end products in North China is much less.
Global Agricultural Films Market: Key Players
The analysts profile leading players of the global agricultural films market such as Rani Plast, Plastika Kritis, Barbier Group, Polypak, Armando Alvarez, Berry Plastics, Trioplast, and British Polythene Industries (BPI).
The presence of several manufacturers across the world could indicate that the agricultural films industry will not be highly concentrated. China, Europe, and the Americas mainly witness the distribution of giant manufacturers.
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