Market Research Future Published a Half-Cooked Research Report on Agricultural Films Market Research Report – Forecast to 2023
Agricultural Films are increasingly garnering colossal attention, and so is its market gaining significant traction on the global front. Agricultural Films are polymeric sheets used in a range of plasticulture applications to help improve crop productivity and quality. With their superior properties such as durability, lightweight, and transmittance & reflectance of ultraviolet, visible, near infrared, and middle infrared rays, and anti-drip and anti-fog, these polymeric sheets also protect crops from locust swarms and environmental impact.
These products also aid in improving crop quality and increasing overall productivity. Advantages of Agricultural Films drive the growth of its market, increasing their uptake across the agriculture sector. According to Market Research Future (MRFR), Global Agricultural Films Market is estimated to create exponential gains by 2023, registering a notable CAGR during the projected period (2017 – 2023). Growing technological advances transpired in farming are key tailwinds behind the success of this market.
Additionally, rising uptake of modern agricultural practices and technologies such as “agriculture 4.0,” a kind of precision farming, are expected to act as significant tailwinds for the market growth. Also, factors such as the convenience of installment, ongoing third green revolution, and the increasing production of the crops are substantiating the market demand. Moreover, the continually rising global food demand due to the ever-increasing population would accelerate the growth of the Agricultural Films Market.
On the other hand, price volatility and the demand-supply gap in the raw materials required for production are the major factors projected to hamper the growth of the market over the assessment period. Nevertheless, the increasing demand to protect fresh produce from weathering and undesirable fermentation processes throughout the outdoor exposure duration, while maintaining their nutritional value, would support market growth throughout the review period.
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Agricultural Films Market – Segments
The analysis has been segmented into three major dynamics.
By Application: Geomembrane Films, Greenhouse Films, Mulch Films, Silage & Stretch Films.
By Polymer Type: LDPE, HDPE, LLDPE, EVA, EBA, Reclaims, and others.
By Regions: Americas, Europe, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
Agricultural Films Market – Competitive Analysis
Highly Competitive, the Agricultural Films Market appears to be fragmented, with a large number of players churning the market competition. Players adopt strategic initiatives such as collaborations, mergers & acquisitions, expansion, and product/technology launch to gain a larger competitive advantage. Manufacturers strive to develop a comprehensive range of Agricultural Films available today. They use the highest quality raw materials to manufacture the widest selection of high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) Agricultural Films.
Players Leading the Global Agricultural Films Market are Kuraray Co., Ltd. (Japan), Berry Global Inc. (US), RKW SE (Germany), Agriplast Tech India Pvt. Ltd. (India), COVERIS (US), RPC Group Plc (UK), Anhui Guofeng Plastic Industry Co., Ltd. (China), The Dow Chemical Company (US), BASF SE (Germany), Achilles Corporation (Japan), AL-PACK Enterprises Ltd. (Canada), Trioplast Industrier AB (France), Groupe Barbier (France), Ab Rani Plast Oy (Finland), Grupo Armando Alvarez (Spain), Novamont S.p.A. (Italy), Britton Group Inc. (UK), Plastika Kritis S.A. (Greece), POLIFILM (Germany), and Industrial Development Company SAL (Lebanon), among others.
Industry/ Innovation/ Related News
November 13, 2019 —- Raven Industries, Inc. (the US), a leading global provider of innovative, high-value agricultural products & solutions, announced the completion of the acquisition of majority ownership of DOT Technology Corp. (the US), a leader in autonomous agriculture solutions. Raven has designed, produced, and delivered exceptional solutions, including precision agriculture, high-performance specialty films, and lighter-than-air technologies. The deal aligns with Raven’s strategy to support the expansion of its Applied Technology division and Raven Autonomy platform.
Browse Key Industry Insights spread across 132 pages with 33 market data tables & 12 figures & charts from the report, “Agricultural Films Market Information: By Application (Geo-Membrane Films, Greenhouse Films, Mulch Films, Silage & Stretch Films), Polymer Type (LDPE, HDPE, LLDPE, EVA, EBA, Reclaims, Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/agricultural-films-market-1758
Global Agricultural Films Market – Regional Analysis
The Asia Pacific region dominates the Global Agricultural Films Market due to the vast demand of these films in the agriculture, horticulture, aquaculture, and water management industries. China accounts for the biggest share in the regional agricultural films market, followed by India and South Korea. Farming is the major occupation in the region, which defines the growing landscape of the market. The presence of robust agricultural sectors in China, India, South Korea, Malaysia, and Thailand is another key driving force behind the regional market growth.
Additional factors helping the region to remain at the forefront include the availability of ample fertile & arable land, tremendous agrarian growth due to the quadrupling population, and lucrative government schemes. Besides, substantial funding to drive agriculture-related R&D and farming techniques are some of the key factors impacting the market growth positively.
North America stands second in the Global Agricultural Films Market, witnessing a huge demand due to the increase in the farming of corn, wheat, and soybean. Moreover, factors such as the well- established agrarian industry, strong emphasis on the utilization of advanced farming techniques & products, and high agriculture expenditure, act as key tailwinds for the regional market growth. The market witnesses a massive demand for recyclable or bio-based Agricultural Films.
The Agricultural Films Market in Europe is expected to grow at a significant rate, as 90% of the farm produce in the region is consumed domestically. The well-developed agriculture industry and a strong emphasis on R&D to invent technologically advanced products are the major growth drivers of the regional market. The European agricultural films market is hugely diverse and includes many primary product manufacturing industries and segments.
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