The estimated growth of the global agricultural films market size was USD 7.5 billion in 2016 and is evaluated to reach USD 10.6 billion by 2022, at a CAGR is 5.9% from 2017 to 2022. In this report, 2016 was taken as the base year for calculating projected growth between 2017 and 2022. Increasing demand for environment-friendly LDPE products and modernization of technologies is the primary driving force behind the agricultural film market growth.
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With the modernization of production processes, the agricultural films market has increased significantly. The packaging industry is also employing newer methods to keep perishable goods fresh for more extended periods and transport them safely. Agricultural films have found applications in fields like greenhouse films, mulch films, and silage films.
Markets across the globe have a high demand for agricultural film-based products as it has a varied range of applications. Sectors like agriculture, dairy, food processing, and packaging are some of the biggest consumers of agricultural films. Greenhouse films are stronger than glass and are easy to set up. Also, it is suitable for makeshift structures.
Sustainable development has led to the adoption of several new methods and products. The use of plastic films in various stages of farming has resulted in higher productivity and efficiency. However, on an extensive scale application, toxic LDPE products adverse affect the surroundings. Agricultural films were developed for use in large-scale applications since it is an environmentally friendly product. It poses a negligible threat to the ecology. Nations across the globe are now adopting agriculture plastics for implementation in different sectors. This is augmenting the growth of the global agricultural films market.
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As the industries are gradually shifting towards a more eco-friendly alternative, waste management is also becoming easier. Mainly three types of agricultural films are produced silage film, mulch film, and greenhouse film. All three models are utilized for large scale applications. The thickness of these films is considered ideal for agricultural purposes. Greenhouse films are the only products with lesser demand due to its high price. Although they much lighter and safer when compared to regular components.
The world population is growing at a steady rate, which will, in turn, increase agricultural productivity. With agrarian growth, the demand for agricultural films is also going to increase. The dairy industry will be another major consumer of this product.
Globally the agricultural films market is segmented into ethylene-vinyl acetate (EVA), linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), and other types. LLDPE is going likely to be the market leader in the upcoming years. It is of much superior quality with characteristics like moisture barrier, durability, light penetration, etc.
Countries in North America, Asia Pacific, the Middle East & Africa Europe, and South America are expected to become the largest agricultural films market. For a clear understanding of the competitive scenario, the report highlights some of the leading players in this industry such as Trioplast Industrier AB (Sweden), BASF (Germany), Group Armando Alvarez (Spain), Kuraray (Japan), The RKW Group (Germany), Coveris (U.S.) Berry Global (U.S.), Dow Chemical(U.S.), Ab Rani Plast Oy (Finland), and RPC Group (U.K.).
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