Agricultural Films Market Analysis

Agricultural Films Market Analysis

In terms of raw materials, agricultural films market is classified into low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), ethylene vinyl acetate/ethylene butyl acetate (EVA/EBA), reclaims, and others.
 

Low-density polyethylene (LDPE) segment was worth more than USD 2.5 billion in 2021 and is predicted to witness an over 4.5% growth rate through 2030. LDPE films boast exceptional chemical, moisture, and temperature resistance and have superior water-repellant and insulation properties. These films are widely recyclable and are relatively more economical and cost-effective than their counterparts. In addition, increased clarity and ease of use associated with LDPE agricultural films may propel their market share over the next 8 years.
 

Based on application, the agricultural films market is divided into the greenhouse, mulching, and silage. The agriculture films industry from silage application is anticipated to grow substantially and garner revenues worth over USD 2 billion by 2030. The rising health awareness and the increasing uptake of meat and meat-based products due to their high nutritional quotient may augment the sales of agricultural films. These films help maintain the nutritional significance of the content while inhibiting the unwanted fermentation processes. Besides, the increasing animal husbandry practices and the capability of silage films to prevent spoilage may drive segment expansion.
 

Asia Pacific agricultural films market was valued at over USD 7.5 billion in 2021 and is likely to depict more than 5% CAGR from 2022 to 2030. The constant population growth and the accelerating pace of urban migration in countries such as India have significantly pushed the demand for food across the region. The introduction of new agricultural techniques has created new prospects for agricultural growth, thereby supporting the regional industry. Additionally, the positive economic outlook and the expanding health-conscious populace may back the agricultural films industry in the Asia Pacific.