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
U.S. agricultural films market
revenue, by raw material, 2014 - 2024 (USD Million)
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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-agricultural-films-market
About Grand View Research,
Inc:
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 information: http://www.grandviewresearch.com
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