Agricultural Films Market Trends

  • Report ID: 2739
  • Published Date: Jun 17, 2024
  • Report Format: PDF, PPT

Agricultural Films Market Trends

Growth Drivers

  • Rising Use of Greenhouse Films – With rapid urbanization, agricultural land scarcity was created. But the population is growing each year, and the sudden occurrence of the pandemic made the situation worse. All these are estimated to raise the demand for greenhouses owing to agricultural films market growth. For instance, greenhouse films are 100% eco-friendly, renewable, and have more than 4 years of durability.
  • Increasing Use in Fruit and Vegetable Cultivation – Film farming methods are estimated to utilize less than 90% of water compared to conventional farming methods.
  • Increasing Controlled Agriculture Owing to Lack of Agricultural Land – For instance, current operating indoor farms across the world reached 17 million square feet in 2021 and are estimated to reach 22 million square feet in 2022.
  • Increasing Weeds in Crop – Mulch film with 2-methyl-4-chlorophenoxyacetic acid (MCPA) effectively prevented the growth of broadleaf weed species with only 1% MCPA concentration with sustainable release.
  • Increasing Nano Greenhouse for More Agricultural Productivity – For instance, nano greenhouses increase plant development by increasing natural warming and rises productivity by over 28%.

Challenges

  • Pollution and Global Warming Risk - Plastic is progressively have been used in agricultural production. These films are used as silage and stretch films, as well as mulching films, to restrict weed development, raise soil temperatures, and reduce soil water evaporation, as well as topsoil and nutrient losses after heavy rain. These variables boost agricultural yields, extend the growing season, and lower the need for irrigation, fertilizer, and pesticide treatments. Plastic mulch films, on the other hand, have been discovered to be a major source of macro- and micro plastic pollution and global warming, and their extensive and long-term use, along with a lack of organized collection and management, leads to their accumulation in soils. Therefore, this factor is estimated to hinder the market growth over the forecast period.
  • Disruption of Raw Materials During COVID
  • Rise of Volatile Petrochemical Prices

Agricultural Films Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6%

Base Year Market Size (2023)

USD 12.37 Billion

Forecast Year Market Size (2036)

USD 28.36 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 2739
  • Published Date: Jun 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising use of films in greenhouses and increasing weeds in crop are the major factors driving the growth of the agricultural films market.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.

Pollution and global warming risk and disruption of raw materials during pandemic are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Berry Global Inc., BASF SE The Dow Chemical Company, Trioplast Industrier AB, Ab Rani Plast Oy, Britton Group Inc., Plastika Kritis S.A., Industrial Development Company sal, Coveris Management GmbH, and RKW Group.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, polymer type, and by region.

The mulch segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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