The global agricultural films
market is expected to reach USD 13.85 billion by 2024, according to a new
report by Grand View Research, Inc. Growing population is anticipated to exert
pressure on agricultural productivity. These films are used to enhance the
productivity and improve crop quality by minimizing soil erosion, providing
nutrients, and suppressing weed growth. They are primarily made of
polyethylene. Growing consumer disposable income coupled with the rising
high-quality crops demand is anticipated to drive the market growth over the
forecast period.
Depleting arable land is
expected to impact market growth positively over the next eight years.
Protective films are placed over soil, covered over greenhouses and wrapped
around fodder. Various benefits offered by agricultural films including
reducing the risk of seed germination, decreasing soil compaction, raising soil
temperature, providing nutrients, and protecting against UV rays. These
advantages are expected to raise product demand in near future.
Agricultural films for green
house dominated the global demand and accounted for 42.9% of total revenue in
2015. This trend is anticipated to continue over the forecast period on account
of rising demand from emerging economies such as China and India.
In depth research report on Agricultural Films Market
Further key findings from the report suggest:
•
The global agricultural films
market demand 5.15 million tons in 2015 and is expected to reach 8.28 million
tons by 2024, growing at a CAGR of 5.4% from 2016 to 2024
•
Linear low-density polyethylene
(LLDPE) was the major raw material segment in 2015 and is expected to reach a
market worth USD 7.29 billion by 2024, growing at a CAGR of 8.0% from 2016 to
2024. The high growth may be attributed to the growing demand for these films
in Asia Pacific.
•
Low-density polyethylene (LDPE)
is projected to grow at a CAGR of 7.3% from 2016 to 2024. The high growth may
be attributed to their use in agriculture areas with harsh climatic conditions
and limited water supply.
•
Asia Pacific was the leading
consumer and accounted for 70.1% of global revenue in 2015 owing to rising
consumer disposable income coupled with favorable government initiatives in the
agriculture sector.
•
Major companies operating in
the global agricultural films industry include AB Rani last Oy, AEP Industries,
Al-Pack Enterprises, BASF, Berry Plastic Group, Inc., British Polyethylene
Industries PLC, Novamont S.PA, RKW and Triplast Industrier AB.
Grand View Research has
segmented the agricultural films market on the basis of raw material,
application and region:
Global Agricultural Films Raw Material Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
•
Low density polyethylene (LDPE)
•
Linear low density polyethylene
(LLDPE)
•
High density polyethylene
(HDPE)
•
Ethyl vinyl acetate/ ethyl
butyl acrylate (EVA/EBA)
•
Reclaims
•
Others
Global Agricultural Films Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
•
Green house
•
Mulching
•
Silage
Global Agricultural Films Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
•
North America
o
U.S.
o
Canada
o
Mexico
•
Europe
o
Germany
o
UK
o
France
o
Italy
o
Spain
•
Asia Pacific
o
China
o
India
o
Japan
•
Central & South America
o
Brazil
•
Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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