Silage Film Market Segmentation:
Type Segment Analysis
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 Segment Analysis
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:
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