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.
Browse full research report on Agricultural Films Market: http://www.grandviewresearch.com/industry-analysis/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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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