Gobal Agricultural Films Market To Witness Immense Growth of $16.09 Billion by 2027


Posted December 5, 2022 by bishansika01

The global agricultural films market was valued at $11.38 billion in 2021 and is projected to reach $16.09 billion in 2027, following a CAGR of 5.94% during the forecast period 2022-2027.
 
Agriculture films are plastic films used to protect crops and plants in open fields or greenhouses throughout their life cycle. It reduces the crop spoilage risk associated with weather, pests, and weeds and helps in improving overall crop quality. Agricultural films are also used to cover farm or animal shelters and store feed in livestock operations. Agricultural films come in various shapes and sizes, depending on the application.

The Global Agricultural Films Market is still in the growth phase in developing countries and reached maturity in developed countries. Increased research and development activities are underway to develop high productive, sustainable, and economical agricultural films. The demand for such films is expected to increase in the future as the government across the nations are planning for sustainable agricultural production.


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The global agricultural films market was valued at $11.38 billion in 2021 and is projected to reach $16.09 billion in 2027, following a CAGR of 5.94% during the forecast period 2022-2027. The growth in the Global Agricultural Films Market is expected to be driven by increasing demand for agricultural output and growing Controlled Agricultural Practices.

Increasing demand for biodegradable films is one of the major opportunities in the global agricultural films market. The constant demand for effectual food production is propelling the usage of agricultural films, particularly in developing countries with difficult climatic circumstances. Because it is more economical and productive than any other smart farming technology.

                                                                      
Agriculture Film Market Segmentation

Segmentation 1: by Application
o    Livestock or Fodder production
o    Crop production 

The global agricultural films market in the application segment is expected to be dominated by the livestock or fodder production segment. Growing livestock production in the countries such as China, Brazil, and India is expected to contribute to the growth of the livestock or fodder production segment.

Segmentation 2: by Product
o    Greenhouse Films
o    Mulch Films
o    Silage Films
o    Others

The global agricultural films market is slightly more dominated by the greenhouse film segment. This is due to increasing greenhouse utilization across global nations.

Segmentation 3: by Material
o     LLDPE
o     LDPE 
o     EVA
o     HDPE
o     Reclaim PE
o     Others

The LLDPE films segment dominates the global agricultural films market during the forecast period. LLDPE is primarily utilized in the production of agricultural films, such as greenhouse and low tunnel films. The growing demand for light and safe greenhouse structures is driving the growth of the LLDPE segment across worldwide countries.

Segmentation 4: by Region
o    China 
o    Asia-Pacific and Japan -  India, Japan, South Korea, and Rest-of-Asia-Pacific and Japan
o    North America - U.S., Canada, Mexico, and Rest-of-North America
o    Europe - Spain, Italy, Germany, and Rest-of-Europe
o    South America – Brazil, Argentina, and Rest-of-South America
o    Middle East and Africa – U.A.E., South Africa, and Rest-of- Middle East and Africa
o    U.K.

China generated the highest revenue of $4.26 Billion in 2021. The market has been experiencing a rapid growth rate in the past few years owing to rising development in greenhouse farming and increasing demand for other controlled agricultural practices.

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Strategies adopted by different market players

The global agricultural films market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. According to BIS Research analysis, the majority of the companies preferred mergers and acquisitions, and partnerships, collaborations, and joint ventures as a strategy to further increase their growth in the global agricultural films market. Companies such as Coveris. and POLIFILM GROUP has majorly adopted the mergers and acquisitions strategies.

Recent Developments in Global Agricultural Films Market

•    In January 2022, Coveris. launched a new silage bale wrapping film named Unterland R where 30% of its raw materials are recycled content.
•    In January 2021, Rani Group launched an agricultural bale wrap named RaniWrap Ecol which is made up of 30% recycled raw materials.
•    In January 2021, Novamont S.p.A. acquired BioBag International AS. to expand its business into Northern/Eastern Europe, North America, and Australia.
•    In February 2021, Dow and Lucro signed a memorandum of understanding to develop polyethylene film that is made up of post-consumer recycled plastics in India.

USP of the report

• Extensive competitive benchmarking of the top 20 players (including livestock or fodder production, and crop production segment) has been done to offer a holistic view of the global agricultural films market landscape.

• Market ranking analysis based on product portfolio, recent developments, and regional spread

• Investment landscape including product adoption scenario, and patent analysis

The requirement of virgin resins for agriculture films is declining in developed countries such as the U.K. and the U.S. as they are adopting recycled raw material for agriculture film production to reduce the risk of plastic waste generation. Therefore, the demand for biodegradable agricultural films or agricultural films made of recycled plastic materials is expected to increase during the forecast period.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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Categories Agriculture
Tags agriculture films market , agriculture films industry , agriculture films report , agricultural mulch film , agricultural plastic film , bis research
Last Updated December 5, 2022