Agricultural Films Market size to exceed $12bn by 2022
Published Date: February 1, 2017 Authors: Kunal Ahuja, Sonal Singh
Agricultural Films Market size is set to surpass USD 12 billion by 2022, as per a new research report by Global Market Insights, Inc.
Favorable initiatives towards improvement of farming methods to boost crop yield coupled with limited availability of arable land will stimulate global agricultural films market size in future. Durability, anti-fog, transparency, degradation, diffusion and thermal effects are some of the advantages offered over available alternatives. Innovative products like florescent films, NIR blocking, ultra-thermic and UV blocking will further complement the industry landscape.
Global agricultural films market share from LLDPE product is set to witness growth over 6% by 2022. Properties like moisture blocking and flexibility coupled with affordable prices will drive the business growth. Growing agricultural sector in Indonesia, India, Thailand and Malaysia along with development of agro-based businesses will boost the demand.
Development of environment friendly polymer products will give a profitable opportunity to agricultural films market industry participants. Effective disposal of polymer based products is a restraint for business growth and to counter this, numerous research projects have been sanctioned to develop eco-friendly products. Bio based products eco-friendly, further boosting industry growth.
Agricultural films market demand from LDPE product is predicted to exceed 800 kilo tonnes till 2022. Increasing adoption of LDPE in farming on account of its advantages during harsh climate conditions and scarce water supply. HDPE product exceeded 350 kilo tons by 2015, owing to wide adoption in fumigation and mulching applications. Flourishing horticulture and floriculture industry in Middle East region will drive demand due to unfavourable climate conditions.
Agricultural films market from mulching applications will register growth of over 6% and exceed 3 million tons over forecast period. Mulching maintains the soil’s water retention capacity, soil temperature, and restricts unwanted growth. Additionally, it catalyzes better quality plant growth.
Browse key industry insights spread across 90 pages with 67 market data tables &12 figures & charts from the report, “Agricultural Films Market Size, By Application (Mulching, Green House, Silage), By Raw Material (LLDPE, LDPE, EVA, Reclaims, HDPE), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
North America will witness over 5% growth. Growing greenhouse applications along with limited availability of arable land will drive industry demand. U.S. market by silage applications will witness over USD 300 million by 2024. Films used for silage applications improves milk production and complements the nutrients in animal feed.
Europe market will experience slow growth due to limited availability of arable land. The European Standards Board has introduced stringent regulations to curb rampant plastic use, which will further drive the business growth.
China market size is expected to exceed USD 6 billion till 2022. Optimistic initiatives towards research and development of effective farming techniques will encourage product demand.
Agricultural films market share has low concentration. Key industry players include Hyplast, Ab Rani Plast, Kuraray, Novamont, Berry Plastics and Trioplast are notable companies in the market. Other companies are British Polyethylene Industries, BASF, Barbier Group and Dow Chemicals.
Agricultural films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2012 to 2022, for the following segments:
Agricultural films market by raw material
- Others (EVOH/PVC)
Agricultural films market by application
The above information is provided on a regional basis for the following:
- North America
- Central & South America