Pune, India, Jan. 21, 2022 (GLOBE NEWSWIRE) -- The global agricultural films market size was valued at USD 11.87 Billion in 2021 and is anticipated to grow at a CAGR of 6.9% during the forecast period, according to a recent market study by Quince Market Insights.
Agricultural films make use of plastic in agricultural, and these films help to amplify crop production. Factor driving the demand for agricultural films is the increasing application of greenhouse films, silage, and mulch films.
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Also, the increasing agricultural production and dairy industries has led to increasing demand for agricultural films for increasing productivity as these films minimize soil erosion by improving the crop quality. These factor is boosting the growth of the global agricultural films market.
Further, in application of agricultural films huge number of plastic materials are used, which are contributing to global warming and environmental pollution. Also, plastics are not properly disposed by the farmers, which later release dioxins and metals and hamper the nature. This may restrain the growth of the global agricultural films market.
Increasing environmental concerns among people has encouraged adoption of biodegradable films. Recyclable or biodegradable plastics has gained much importance in developed countries, which are creating opportunities for the manufacturers of biodegradable agricultural films in the market.
The plastic agricultural films mainly composed of polythene do not degrade properly in the soil leading to soil pollution, which makes the land infertile and inappropriate for further production. This is a major challenge for the agricultural films market.
Impact of COVID-19 on Global Agricultural Films Market
With the emergence of Covid-19 pandemic, the agricultural films market has been affected negatively during the initial stage, due to the global lockdown with heavy restrictions across the countries were imposed in respect to control the spread of infectious virus.
With the global lockdown, the overall production was stopped, which has resulted in negative growth rate. Moreover, with the opening of industries during the end of 2020, the agricultural films market is anticipated to witness positive growth in revenue during the coming forecast period.
Global Agricultural Films Market, by Application
Based on application, the agricultural films market is bifurcated into greenhouse films, mulch films, and silage. Further greenhouse films are segmented into low tunnels, classic greenhouse films, and macro tunnels/walking tunnels. Further mulch films are segmented into black mulch, transparent/clear mulch, and other mulches. Further silage is segmented into silage sheet, silage bag, and silage stretch wrap.
Greenhouse films captured the largest market share for agricultural films in 2021 and it is anticipated to remain largest market during the coming forecast period because they are easy to maintain, affordable rates along with efficient light diffusion, provides prolonged growing season. And hence, these factors are driving the agricultural films market.
Global Agricultural Films Market, by Type
Based on type, agricultural films market is segmented into Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA), High Density Polyethylene (HDPE), Reclaim, and others. LLDPE holds the largest market share for agricultural films in 2021 and expected to hold its largest position during the coming forecast period.
Factor attributed to the growth of LLDPE segment higher puncture resistance, lower production cost, high product performance.
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Global Agricultural Films Market, by Region
Based on region, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Asia Pacific is dominating the agricultural films market in 2021 and it is projected to remain dominant during the forecast period.
With the depleting arable land, the need for agriculture has increased immensely. This factor is driving the agricultural films market in Asia Pacific region.
Recent Developments in the Global Agricultural Films Market
- November 2020 – BASF announced its plastic additives portfolio expansion in Pontecchio Marconi, Italy. The new technology will deliver a wide range of NOR® solutions that will help in growing its agriculture industry.
- July 2019 – Berry Global Group announced its acquisition of RPC Group Plc. This agreement makes Berry Global Group, a leading global supplier of value-added protective solutions and among the world’s largest plastic packaging and recycled plastic industry.
Some major industry players functional in the global agricultural films market are: Kuraray Co. Ltd., The RKW Group, Berry Global Inc., BASF SE, Plastika Kritis S.A., AB Rani Plast OY, Grupo Armando Alvarez, Coveris, and Dow Chemical Company.
For more information on this topic please visit our website report titled, “Agricultural Films Market, by Application (Greenhouse Films {Low Tunnels, Classic Greenhouse Films, and Macro Tunnels/Walking Tunnels}, Mulch Films {Black Mulch, Transparent/Clear Mulch, and Other Mulches}, and Silage {Silage Sheet, Silage Bag, and Silage Stretch Wrap}), Type (Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA), High Density Polyethylene (HDPE), Reclaim, and Others), and Region (North America, Europe, Asia Pacific, Middle East and Africa, South America)” — in-depth analysis along with the table of contents (ToC).
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