According to the report by Market Research Future (MRFR), the global greenhouse films market was valued at USD 3,956.2 million in 2017 and is expected to grow to a valuation of USD 6,408.2 million by 2023 at an 8.25% CAGR from 2018 to 2023 (forecast period).
Greenhouse films are used to cover the plants being grown in a greenhouse in such a way as to maximize the amount of light entering within and to minimize the entry of other harmful environmental elements that could hamper the growth of the plants. The greenhouse market has capitalized on the agriculture industry’s inability to meet the demands of the growing global population.
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Increasing government spending on agricultural schemes to maximize food production through innovative means is likely to result in a growing demand from the market. Technological advancement in greenhouse films is also likely to be a major driver for the global greenhouse films market. UV-protective and pressure-stabilized greenhouse films, which offer enhanced protection for the plants being grown in the greenhouse, are likely to be exceedingly popular in the coming years, leading to steady growth of the greenhouse films market.
Segmentation:
The report segments the global greenhouse films market by resin type into LDPE, LLDPE, HDPE, PVC, PC, EVA, and EBA. By material, LDPE and LLDPE are likely to be the major contributors to the global greenhouse films market over the forecast period.
By thickness, the global greenhouse films market is segmented into 200 microns. The