Agricultural Films Market Overview:
Agricultural Films Market size was valued at around USD 9 Billion in 2018 and is expected to cross USD 13 Billion at CAGR of 7% by 2023.
The demand for agricultural films stems from the advantages it delivers in terms of increasing crop yields and value, while reducing the need for chemical fertilizers, herbicides, pesticides, and sterilizers. Its particular usage in the preserving of precious natural resources, such as nutrients, water, and even fossil fuels, along with many forms of energy, particularly sunlight is expected to boost the development of the market in the forecast period.
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Agricultural Films Market Key Players:
Agricultural Films Market report include;
• The Dow Chemical Company,
• ExxonMobil Corporation,
• BASF SE,
• British Polythene Plc.,
• Grupo Armando Alvarez,
• Berry Plastics Group Inc.,
• Henan Yinfeng Plastic Co. Ltd,
• Britton Group,
• Trioplast Industries AB.,
Industry Updates:
Aug 2018 The Scottish Environment Protection Agency is ending its exemptions for burning plastics from farms to decrease the environmental impact of farm waste after engaging with NFU Scotland and Zero Waste Scotland. To support the farmers who need options for their agri-film, SEPA has linked them with recyclers of agri-film in Scotland to ensure their plastic waste is sorted sustainably.
Agricultural Films Market Segmental Analysis:
Agricultural Films Market globally has been segmented on the basis of polymer type, application, and region. On the basis of polymer type, the market has been segmented into HDPE, LDPE, EBA, LLDPE, EVA, reclaims, and others. On the basis of application, the market globally has been segmented into greenhouse films, mulch films, geo-membrane films, silage and stretch films. By regions, the market comprises of North America, Europe, Latin America, Asia Pacific, Middle East and Africa.
Agricultural Films Market Regional Analysis:
Agricultural Films Market has been segmented into regions such as North America, Asia Pacific, Europe, Latin America, Middle East and Africa. The market in Asia Pacific region led the global market in 2017 due to agriculture being the main occupation in the region. In addition, speedy industrialization and urbanization in emergent countries such as China, India, Indonesia, and Thailand have led to the restricted availability of cultivable land, which is likely to impel the demand for agricultural films in the region.
The North American market is responsible for the subsequent largest share in 2017 owing to the amplified demand for agricultural films in the farming of crops such as wheat, corn, and soybean. The market for agricultural films in the European region is likely to develop at a noteworthy rate, as 90 percent of the agricultural yield in the region is used domestically. The Latin American market is anticipated to develop owing to the cultivation of corn and wheat in countries such as Brazil, Argentina, and Chile. Finally, the market in the Middle East & Africa is expected to develop at a slow rate owing to the restricted growth of the agricultural segment in the region.
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