The global greenhouse film market size is projected to grow from USD 6.4 billion in 2020 to USD 10.4 billion by 2025, at a CAGR of 10.3% between 2020 and 2025. APAC is estimated to be the largest consumer of greenhouse film. Global focus on increasing agricultural output, increased demand for greenhouse-cultivated crops, and growth in areas for greenhouse-protected cultivation are the key driving factors for the market.
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The LDPE resin segment is projected to be the largest segment of the greenhouse film market
LDPE is a type of polyethylene, which is manufactured under high pressure, mostly extruded, and blown. It is comparatively thicker than LLDPE (the number of chains in the bonds is much longer than LLDPE). LDPE with 0.932 g/cm3 of density is used in film applications requiring stiffness and easy tear properties. LDPE is used to manufacture thin films, general-purpose films, and high-barrier films. The vital features of LDPE that make it suitable for use in greenhouse films are low cost, high thickness, optical properties, and high resistance to sunlight and the external environment. The LDPE type offers advantages, such as increased clarity and ease of use, making it suitable for agricultural applications. Its low cost drives its demand in emerging markets.
150 to 200 Microns is the fastest-growing segment of the overall greenhouse film market
150 to 200 Microns is the fastest-growing segment of the overall greenhouse film market. For optimized crop cultivation, the use of greenhouse films with a thickness of 150 to 200 microns is preferred, as they provide all necessary properties, such as controlled sunlight and UV light transmissions, anti-drop, anti-moisture, and thermicity. The use of these films is very less in Europe and North America, where snowy conditions are observed, as they might decrease light penetration inside the greenhouse tunnel.
The rising population in the APAC region is the key factor driving the market for greenhouse films. It has increased the demand for food, thereby exerting pressure on agricultural yield. China is the leading producer and consumer of greenhouse films in the region. India is an agriculture-based economy. In Japan, the demand for vegetables and flowers is being meet by crops cultivated in the greenhouse. South Korea is also one of the major markets of greenhouse films, after China and Japan.
The key players operating in the greenhouse film market are Ginegar Plastic Products Ltd (Israel), PLASTIKA KRITIS S.A. (Greece), RKW Group (Germany), Berry Global, Inc (US), and Grupo Armando Alvarez (Spain). These players have adopted various strategies, such as merger & acquisition, new product launch, and joint venture & partnership to grow. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their global presence.
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