Market Synopsis of Agricultural Films Market
Agricultural films are made to withstand the uncertainties of weather conditions by providing an effective vapor and UV barrier, and by controlling weed growth around the crops. The key drivers of global agricultural films market are the growing demand for agricultural produce. The growth in population with the increasing disposable income demands increased produce from the farms. This is backed by the awareness among the consumers about the high-quality food crop and prevention of soil erosion. This further augments the market for such films across the agricultural sector.
The share of greenhouse films by application accounts for the largest share in the market. Growing greenhouse agriculture in Asia, Europe and Middle East is expected to drive the market growth. On the basis of material, LLDPE holds the largest share followed by EVA/EBA. The market is fueled majorly by the demand arising out of APAC, especially India and China. The global agricultural films market size was valued at around USD 9 Billion in 2015 and is expected to cross USD 13 Billion at CAGR of 7% by 2022.
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Market Segmentation of Intelligent Pills market:
Global Agricultural Films Market segmentation:
- By Material (LDPE, LLDPE, HDPE, EVA/EBA, Reclaims, and Others)
- By Application (Greenhouse Films, Mulching Films, Silage Films, and others)
The key players of global Agricultural Films market report include-
- The Dow Chemical Company,
- ExxonMobil Corporation,
- BASF SE,
- British Polythene Plc.,
- Grupo Armando Alvarez,
- Berry Plastics Group Inc.,
- Henan Yinfeng Plastic Co. Ltd,
- Britton Group
- Trioplast Industrier AB.
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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Regional Analysis of Global Agricultural Films Market
APAC is the largest and fastest growing market for Agricultural Films, followed by North America and Europe. The share of APAC is attributed to the agricultural dependent economies. The regions like India and China are highly agricultural dependent and thus prove to be a flourishing market for such films. APAC accounts for over 65% of total agricultural films demand. The region has also seen various government initiatives for agricultural reforms in developing nations which further widens the scope for such films in these nations.
North America and Europe are seen as stagnant market. The various government policies and regulations restrict the use of such plastic films in the agricultural process.
Study Objectives of Agricultural Films Market
- To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Agricultural Films Market
- To provide insights about factors affecting the market growth
- To analyze the Global Agricultural Films Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
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