Silage Film Market Size & Share, by Type (LLDPE, LDPE, HDPE, EVA/EBA); Film Type (Monolayer, Multilayer); Application (Corn, Grasses, Vegetables) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4395
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Silage Film Market size is poised to cross USD 4 billion by the end of 2033, witnessing around 5% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of silage film was USD 2 billion. The growth of the market can be attributed to the skyrocketing livestock population across the globe. For instance, the number estimated for cattle in 2018 was nearly 950 million head which was projected to reach approximately 1000 million head in 2022 across the globe. The increasing population across the world rises the demand for dairy and dairy products, thus resulting in the growth of the market.

Global silage film market trend such as the growing need for permanent pasture is projected to influence the growth of the market positively over the forecast period. As of 2022, only 250,000 hectares of land were being used as permanent pastures in the UK which is expected to witness a decrease over the decade. Silage films are highly utilized by farmers to preserve maize, silage, and hay.


Silage Film Market
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Silage Film Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2033)

~ USD 4 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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Silage Film Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Requirement for Animal Food with Rising Live Stock - For instance, more than 5500 facilities solely in the United States are projected to produce nearly 250 million tons of animal food every year. Silage films are commonly used to prevent hay and maize from rotting away for a long time. The animal food such as grass and crops are gathered in round or square bales and then these bales are covered with silage films.
  • Growing Production of Silage to Boost Market Growth - As of 2021, nearly 100 million tons of corn for silage were produced solely in the United States.
  • Increasing Consumption and Production of Corn by People Around the World - For instance, about 350 million metric tons of com were produced in the USA in 2021-22, meanwhile, the consumption of com was projected to be nearly 10 billion bushels in a similar period.
  • Growth in the Government Revenue Expenditure on Animal Husbandry - In 2018, the central and state government of India spent nearly 145 billion Indian rupees on animal husbandry.

Challenges

  • Presence of Alternatives in the Market - Silage films are made of plastic which on decomposition leaves a trace of plastic in the soil. This will affect the soil and cause environmental pollution damaging the properties of the soil. There are other biodegradable film alternatives for silage film which include organic materials. This is the reason for the limited growth of the market during the forecast period.
  • Requirement for Higher Initial Investment
  • Disrupted Supply-Chain due to COVID-19


Silage Film Segmentation

Type (LLDPE, LDPE, HDPE, EVA/EBA)

The HDPE segment in the silage film market is set to garner a share of 40% over the forecast period. The growth of the segment can be accounted to the growing demand for high-density polyethylene. For instance, the production of HDPE was anticipated to be approximately USD 65 million metric tons in 2022 around the world. The HDPE silage film is recyclable and environmentally friendly which increases the demand for market growth. People are preferring to buy products that are environmentally friendly to reduce the damage caused by greenhouse gases. Also, these films should not contain any non-degradable material as it is hard to decompose into the soil. The cost-effectiveness, mini gas permeability, UV resistance, tear, and puncture resistant, and high stretch ability properties of HDPE are estimated to drive the market growth thereby increasing the growth of the market as per the market analysis.

Film Type (Monolayer, Multilayer)

The multilayer segment is anticipated to hold 80% share of the global silage film market during the forecast period. The multilayer silage is useful to protect the silage from UV radiation, and it also prevents damage from puncture, abrasion, and tearing. The holding and stretching power for multilayer silage are more than for monolayer silage. It can also reduce the storage space by squeezing the silage tight, and the operational cost is also very less as the shelf life of multilayer silage films is more. The adherence properties protect the roll with a well-packaged form. The multilayer silage films are estimated to increase the yield of silage by 30% by reducing waste production by 70%. Also, it is tested that the UV resistance of multilayer silage films was over 150 hours.

Our in-depth analysis of the global silage film market includes the following segments:

         Type

  • LLDPE
  • LDPE
  • HDPE
  • EVA/EBA

          Film Type

  • Monolayer
  • Multilayer

          Application

  • Corn
  • Grasses
  • Vegetables

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Silage Film Industry- Regional Synopsis

North American Market Forecast

The silage film market in North America is projected to generate largest revenue of approximately USD 1 Billion by the end of 2033. The growth of the market in the region can be ascribed to the significant expansion in agricultural land. For instance, as of 2019, around 50% of the agricultural land was utilized for arable land crops. Furthermore, ongoing technological advances in the region are also estimated to push the market growth in the region over the forecast period. People are getting more concerned about their health which is rising the demand for organic farms across the region.

APAC Market Analysis

The silage film market in Asia Pacific is anticipated to have significant growth over the forecast period. The rising local production of raw materials in the region decreases the dependency on other regions and the growing agricultural importance is expected to improve the growth of the market. The increasing production of UV-resistant silage films prevents damage even when the silage is left in the sun for longer periods. Silage films are used in farmlands where maize, hay, and forage are highly available and stored. It is observed that in 2019 the Asia region produced about one-third of the maize produced across the world.

Research Nester
Silage Film Market Size
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Companies Dominating the Silage Film Landscape

top-features-companies
    • The Dow Chemical Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Coveries Management GmbH
    • Exxon Mobil Corporation
    • Groupe Barbier
    • BASF SE
    • RPC Group plc
    • Berry Global, Inc.
    • Ball Corporation
    • RPC Group plc
    • Sonoco Products Company

In-the-news

In The News

  • Coveries Management GmbH to collaborate with start-up Notpla to offer recyclable, biodegradable, and printed food cartons. Notpla has facilitated Coveries Management GmbH with its new award-winning barrier coating technology. These new innovative cartons are projected to be ideal for tackling the lack of kerbside and street recycling infrastructure.
  • BASF SE to introduce product carbon footprints (PCFs) for its plastic additive customers. These PCFs are one of the premium services of the VALERRAS portfolio of the company. BASF SE is stepping forward along with PCFs to aid customers to gain greenhouse gas emission reduction targets.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4395
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are rising requirement for animal food with rising livestock, growing production of silage to boost market growth and meet the demand, and increasing consumption and production of corn by people around the world.

The market size of silage film is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

The major players in the market are The Dow Chemical Company, Coveries Management GmbH, Exxon Mobil Corporation, Groupe Barbier and others.

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

The market in the North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Silage Film Market Report Scope
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