Agricultural Films Market
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.
Additionally, the film helps in increasing the area of controlled agriculture by providing materials that drive farming. These flexible and easy to produce materials are expected to benefit farmers and be demanded increasingly. The increased awareness about soil erosion and soil protection induces the growth of the market. The properties of these films such as reducing the risk of seed germination, decreasing soil erosion, raising soil temperature, and protecting against UV rays helps the increasing the popularity among the farmers.
Agricultural Films can be attributed to the variety of uses they can address. Market reports connected with the chemicals and materials industry have been made accessible by Market Research Future who publishes reports on other sectors that have been currently published along with a report on this industry. The market is projected to grow at a stellar CAGR rate while achieving escalating revenue levels in the duration of 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 and Trioplast Industries AB.
Agricultural Films Market Segmental Analysis:
Agricultural Films Market globally has been segmented since polymer type, application, and region. Based on polymer type, the market has been segmented into HDPE, LDPE, EBA, LLDPE, EVA, reclaims, and others. Because 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 Scope of the Report:
This study provides an overview of the global Agricultural Films Industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Agricultural Films market as material, and application. Based on material, it is segmented as LDPE, LLDPE, HDPE, EVA/EBA, Reclaims, and others. Based on application, it is segmented as greenhouse films, mulching films, silage films, and others.
Agricultural Films Market Application:
Agricultural Films use plastic materials in various agricultural applications. The increasing population and increasing demand for agricultural produce globally drive the market for such films majorly in the regions of APAC. The regions constitute highly agricultural dependent economies along with increasing disposable income. This calls for increased volume of the crops, cereals and other produce from the region.
Agricultural Films are used extensively for covering greenhouses, soil and wrapped around fodder. These films help in improving crop quality and increasing overall productivity of the land. The need to improve the productivity in the agricultural industry is directly correlated to the increasing demand for agricultural produce across the globe. There is a growing need for high-quality food crop by the average population.
Agricultural Films are specifically made to perform in extreme and uncertain weather conditions to eliminate the weed growth around the crop. Increasing pressure on the farmers to attain the high agriculture yield, increasing population linked with the rising disposable income, technological developments in the field of agriculture are prime growth driving factors in this market. Moreover, growing greenhouse agriculture in the specific region such as Asia Pacific to play crucial role in the while developing the growth of his market.
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Agricultural Films Market Research Analysis:
The market is highly application based. The key driver for market growth is increased emphasis on global agricultural output due to the rising food demand of the increasing population. This is backed by the need to facilitate the area of controlled agriculture by providing materials that drives farming. It is expected that the global agricultural films market will advance with higher growth rate as compared to previous years. However, the current challenge for the market is the harmful effect of these plastic films on the ecology.
Based on region, APAC takes the lead as the largest and fastest growing market, followed by North America and Europe. It accounts for over 75% of the global consumption. APAC, due to its rising population and increasing disposable income, demand high volume of food crops and other cultivated produce. Furthermore, the government initiatives taken for agricultural reforms augment the demand for the plastic films from the region. The region has also seen a lot of investment in R&D to protect the health of the crop and soil, which further fuels the growth of the market.
Agricultural Films Market Competitive Analysis:
The circumstances for the growth plans are invigorating the market for budding new entrants. The upgrading in the products and services is the prime factor growing the market's production and controlling the trends that are acquiring importance in the market. The changes observed in terms of strategy creation and executions are shifting the growth speed of the market. The gaps in the market are filled due to the execution of proper supply chain strategies. Additionally, the expansion of new products and services will add further momentum to the market development. The critical success factors and players’ predilections are steadily escalating by the strategies being used by market competitor.
Agricultural Films Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain of Global Agricultural Films Market
5 Industry Overview of Global Agricultural Films Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
Agricultural Films Market Table of Content to be Continue…….,
Agricultural Films 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.
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