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AGRICULTURE & ALLIED ACTIVITIES

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 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • April, 2022: RKW Group’s facility in Sachsen-Anhalt has been acquired by the Bad Essen-based AGRO Group to produce spunbond nonwovens.

  • July, 2022: Berry Global Inc. has entered into a partnership with McCormick to manufacture 100% packaging that can be recycled, repurposed, or reused.

Global Greenhouse Film Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Greenhouse Film Market Region Table

The global greenhouse film market is estimated to garner a revenue of ~USD 14 billion by the end of 2031 by growing at a CAGR of ~9% over the forecast period, i.e., 2021 – 2031. Further, the market generated a revenue of ~USD 7 billion in the year 2022. 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.

Greenhouse Film Market Region

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A greenhouse is a controlled, sheltered building that provides a shield for tropical plants to grow unhindered. Inside the greenhouses, greenhouse films are used as a plastic covering for sheltering the plants, providing a specific microclimate and protection from the outside weather. Thus, 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.

Global Greenhouse Film Market: Growth Drivers and Challenges

Growth Drivers

  • Swelling of Population – 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 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 are 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 – According to the United States Department of Agriculture, in the United States, the revenue garnered by agriculture, food, and the related industries was almost USD 1.060 trillion in the year 2020.

  • Presence of Farm Fields Across the Globe – In 2020, the total number of farms present worldwide was estimated to be approximately 650 million.

Challenges

  • High Cost of Installation
  • Additional Investments During the Process
  • Increased Labor Costs

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 2031, 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.

Major Macro-Economic Indicators Impacting the Market Growth

Greenhouse Film Market Major

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Greenhouse Film Market Regional Synopsis

Regionally, the global greenhouse film market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. The primary growth factor for the increased sales of greenhouse films market is the high employment in the agricultural sector 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 the market growth. According to the World Bank, East Asia and the Pacific had 47.7% of the agricultural land in 2018.

Greenhouse Film Market Regional Synopsis

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The global greenhouse film market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global greenhouse films market includes the following segments:

By Resin Type

  • LDPE
  • LLDPE
  • EVA
  • Others

By Thickness

  • 80<200 Microns
  • 200 Microns
  • >200 Microns

By Width Type

  • 4.5 Meter
  • 5.5 Meter
  • 7 Meter
  • 9 Meter
  • Others

By Functionality

  • Diffused GHF
  • Photo-selective GHF
  • Anti-dirt GHF
  • Others

By Application

  • Manufacturing
  • Construction
  • Mining
  • Oil and Gas
  • Others

Top Featured Companies Dominating the Global Greenhouse Films Market

  • Ginegar Plastic Products Ltd
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • 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

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