Greenhouse Film Market Analysis by Resin Type (LDPE, LLDPE, EVA, and Others); by Thickness (80<200 Microns, 200 Microns, and >200 Microns); by Width Type (4.5 Meter, 5.5 Meter, 7 Meter, 9 Meter, and Others); by Functionality (Diffused GHF, Photo-selective GHF, Anti-dirt GHF, and Others); and by Application (Manufacturing, Construction, Mining, Oil and Gas, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4318 | Published Date: Feb 14, 2023
The global greenhouse film market is estimated to garner a revenue of ~USD 23 Billion by the end of 2035 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 8.3 Billion in the year 2023. The primary growth factor for the expansion of the greenhouse film market size is the increase in the area designated for greenhouse crop cultivation. As per a recent report published, the greenhouse vegetable cultivation area was calculated to be around 500,000 hectares, or 12,390,000 acres, across the world in 2019. Besides, the growing controlled agriculture and the use of technologies such as greenhouses to meet the need for agricultural products are estimated to propel market growth.
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In recent times, there has been an increased preference for greenhouse cultivation across the globe. The rising number of farmers is projected to be a driving factor for the growth of the greenhouse film market. As of 2021, it was estimated that there were around 150 million farmers in India. Increasing R&D activities to improve agricultural film sheets such as UV protection, NIR blocking, ultra-thermic and fluorescent rise the growth of the greenhouseplastic market.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~9% |
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Base Year Market Size (2022) |
~ USD 8.3 Billion |
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Forecast Year Market Size (2035) |
~ USD 23 Billion |
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Regional Scope |
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Growth Drivers
Swelling of Population Owing to Increasing Fertility Rates – The burgeoning of the population leads to increased demand for food, which exerts pressure on agricultural productivity. Further, this sharp rise in demand for agricultural products can be achieved by controlling agriculture and adopting technologies such as greenhouses. This adoption trend is anticipated to increase the sales of greenhouse films in the upcoming years. The United Nations suggests that the world population is projected to reach almost 9.8 billion in 2050 and 11.2 billion in 2100.
Rise in Production of Food Grains to Meet the Food Needs– The production of food grains in India rose by almost 6 million tons in the years 2021-22 to 320 million tons. The boom in the population is directly proportional to the increase in the production of food items. Thus, the improved quality of agricultural produce, high productivity, and efficient pest control is estimated to bolster the demand for greenhouse films in the construction of greenhouses to satisfy the food requirements of the population.
Boom in the Agricultural Industry with Rising Initiatives by Government – According to the United States Department of Agriculture, in the United States, the revenue garnered by agriculture, food, and related industries was almost USD 1.060 trillion in the year 2020.
Presence of Farm Fields Across the Globe Owned by Milliners – In 2020, the total number of farms present worldwide was estimated to be approximately 650 million.
Rising Areas Under Protected Horticulture Cultivation as Livelihood to Improve Economy – The protected cultivation crops are highly profitable with rose and capsicum comprising more than 280% cultivation cost, over 200% gross return, and greater than 180% net return.
Challenges
Very few people are aware of the benefits of greenhouse farming and the government should take initiatives to rise this awareness and protect the environment from global warming. The authorities of institutions should also improve education about greenhouses, and improve greenhouses in the surroundings to inspire others. Greenhouses are only limited to commercial or independent villas or housing spaces which hinders market growth.
Increased Labor Costs in Building and Maintaining Greenhouses
The greenhouse film market is segmented and analyzed for demand and supply by application into manufacturing, construction, mining, oil and gas, and others. Out of this, the oil and gas segment is anticipated to garner the highest revenue by 2035, owing to the growth in the oil and gas industry. The oil & gas industry is considered to be one of the largest sectors in the world in terms of revenue. Revenue generation is expected to reach USD 5 trillion by 2022.
The region greenhouse film market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The primary growth factor for the increased sale of greenhouse films market is the high employment in the agricultural sector and increasing demand for food in the region. As per a recent study, in India, the total employment in agriculture has gone up from 36% in 2017-18 to 37% in 2018-19 and then to 38% in 2019-20. The large agricultural land in the region is another growth factor that is estimated to bolster market growth. According to the World Bank, East Asia and the Pacific had 47.7% of the agricultural land in 2018.
Our in-depth analysis of the global greenhouse film market includes the following segments:
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By Resin Type |
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By Thickness |
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By Width Type |
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By Functionality |
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By Application |
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Ginegar Plastic Products Ltd
RKW Group’s facility in Sachsen-Anhalt has been acquired by the Bad Essen-based AGRO Group to produce spunbond nonwovens.
Berry Global Inc. has entered into a partnership with McCormick to manufacture 100% packaging that can be recycled, repurposed, or reused.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Shivam Bhutani, Anil Kumar
Ans: The expansion of agriculture industry along with the increased preference for greenhouse cultivated crops and growth in food production are some of the factors that are expected to propel the market growth.
Ans: The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2035.
Ans: The high cost of installation coupled with additional investments during the process and the increased labor costs are some of the factors that are expected to hamper the market growth.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Ginegar Plastic Products Ltd, RKW Group, Berry Global Inc., ARMANDO ÁLVAREZ, S.A., FVG Folien-Vertriebs GmbH, AA Politiv Ltd, Agripolyane, Tuflex India, Thai Charoen Thong Karntor Co.,Ltd, Vis and Son Company Limited and others.
Ans: 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.
Ans: The market is segmented by resin type, thickness, width type, functionality, application, and by region.
Ans: The oil and gas segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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