Agricultural Films Market likely to reach beyond USD 10.57 Billion by 2022 at a CAGR of 5.9%

Posted October 8, 2020 by armaan007

Agricultural Films Market expected to be valued at USD 10.57 Billion by 2022, at a CAGR of 5.9%, during 2017–2022

According to a new market research report "Agricultural Films Market by Type (LLDPE, LDPE, Reclaim, EVA, and HDPE), Application (Greenhouse Film (Classic Greenhouse, Macro Tunnel), Silage Film (Silage Stretch Wrap), and Mulch Film (Transparent or Clear Mulch)) - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated to be USD 7.92 Billion in 2017 and is projected to reach USD 10.57 Billion by 2022, at a CAGR of 5.9% from 2017 to 2022.

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The Ethylene-vinyl Acetate (EVA) type segment is expected to witness the highest growth between 2017 and 2022 

Based on type, the global agricultural films market has been segmented into Linear Low-density Polyethylene (LLDPE), Low-density Polyethylene (LDPE), Reclaim, Ethylene-vinyl Acetate (EVA), High-density Polyethylene (HDPE), and others. The EVA segment is projected to witness the highest growth from 2017 to 2022, owing to the durability and effective light transmission properties of EVA films. In addition, EVA films also offer exhibit properties, such as softness, flexibility, clarity, and resistance to crack & stress.

The mulch film segment is anticipated to be the fastest-growing application segment of the global agricultural films market 

The mulch film segment is projected to be the fastest-growing application segment of the global agricultural films market between 2017 and 2022. The growth of this segment can be attributed to its properties such as durability and high tear resistance. Asia Pacific is expected to be a major market for mulch film during the forecast period, due to a high demand for superior quality barrier films in the region. The mechanical properties of mulch films make them suitable for use in the agriculture sector.

Asia Pacific is anticipated to be the fastest-growing market for agricultural films during the forecast period 

The agricultural films market in the Asia Pacific region is projected to witness the highest growth between 2017 and 2022. Growing population and an increased demand for controlled agriculture are driving the market for agricultural films in Asia Pacific. In addition, significant growth in the agricultural sector and increased demand for food in countries such as China and India, are expected to contribute to the growth of the agricultural films market in the region.

Key players in the global Agricultural Films Market include BASF (Germany), Dow Chemical (U.S.), Berry Global (U.S.), The RKW Group (Germany), Trioplast Industrier AB (Sweden), Ab Rani Plast Oy (Finland), RPC Group (U.K.), Grupo Armando Alvarez (Spain), Kuraray (Japan), and Coveris (U.S.).

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