Agricultural Films Market to be Worth $23.39 Billion by 2031
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Meticulous
Research®— a leading global market research
company, published a research report titled ‘Agricultural Films Market by Type (Greenhouse
Films, Mulching Films, Silage Films), Raw Material (Conventional Plastics
{LLDPE, LDPE, HDPE}, Biodegradable Plastics {Thermoplastic Starch,
Polyhydroxyalkanoates, Polylactic Acid}) - Global Forecast to 2031.’
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According to this latest publication from
Meticulous Research®, the agricultural
films market is projected to reach $23.39 billion by 2031, at a CAGR of 6.9%
during the forecast period 2024–2031. Factors propelling the growth of this
market are the increasing food demand owing to the rise in population, adverse
effects of global warming and changing climate conditions, growing demand for
high-quality food crops, and rising innovations in agricultural films.
However, the high cost associated with the installation and stringent
environmental regulations on plastic usage are restraining the growth of this
market. Moreover, the rising number of nano greenhouses and the growing number
of biodegradable films in developed regions are expected to generate
significant growth opportunities for the stakeholders in this market. On the
other hand, environmental concerns and plastic waste pose major challenges to
market growth.
Key Players
Some of
the key players operating in the agricultural films market are Berry Global
Group, Inc. (U.S.), Coveris Flexibles UK Ltd. (U.K.), RKW SE (Germany), BASF
SE (Germany), Ab Rani Plast Oy (Finland), Exxon Mobil Corporation (U.S.),
POLIFILM GmbH (Germany), PLASTIKA KRITIS S.A. (Greece), Armando Álvarez S.A.
(Spain), Novamont SpA (Italy), Groupe Barbier (France), Sigma Plastics
Group (U.S.), The Dow Chemical Company (U.S.), Agripolyane (France), and
Trioworld Industrier AB (Sweden).
The
agricultural films market is segmented based on type (greenhouse films
{classic greenhouse films, macro tunnels/walking tunnels, and low tunnels},
mulching films {black mulches, transparent or clear mulches, and other
mulches}, silage films {silage stretch wraps, silage sheets, and silage bags},
and other applications), raw material (conventional plastics {linear
low-density polyethylene [LLDPE], low-density Polyethylene [LDPE],
high-density polyethylene [HDPE], polypropylene [PP], and other conventional
plastics}), biodegradable plastics {thermoplastic starch,
polyhydroxyalkanoates [PHA], polylactic acid [PLA], and other biodegradable
plastics}), and geography (North America, Europe, Asia-Pacific, Latin America,
and Middle East & Africa). The study also evaluates industry competitors
and analyzes the market at the regional and country levels.
Based on type, the mulching films
segment is expected to account for the largest share of the agricultural films
market in 2024. The segment’s large market share is mainly attributed to its
benefits, such as inhibiting the growth of weeds, preventing moisture loss, regulating
soil temperature, and improving crop yield. In addition, mulching films
minimize the need for pesticides and conserve water, which aligns with
sustainable and environment-friendly farming techniques. Farmers across a
variety of agricultural landscapes appreciate the economic and environmental
benefits of mulching films, which has led to their widespread use.
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However,
the greenhouse films segment is projected to witness significant growth during
the forecast period of 2024–2031. The rapid growth of this segment is mainly
driven by its low installation costs, increased soil protection, controlled
climatic conditions, control of pests and diseases, and the high durability of
greenhouse films.
Based on raw material, the
conventional plastics segment is expected to account for the largest share of
the agricultural films market in 2024. The segment’s large market share is
mainly attributed to its easy availability, low cost, excellent mechanical
properties, flexibility, resistance to cracking and UV rays, and high tensile
strength. In addition, it can be employed to make thinner films with better
environmental stress and good resistance to chemicals.
Based on geography, the agricultural
films market is segmented into North America, Europe, Asia-Pacific, Latin
America, and the Middle East & Africa. In 2024, the Asia-Pacific region is
expected to account for the largest share of the agricultural films market.
The large share of this regional market is mainly attributed to the growing
awareness about the benefits of modern farming techniques, rising demand for
food, favorable regulations & government policies on agricultural produce
& trade, and growing emphasis on high-value and export-oriented
cultivation of fruits & vegetables.
Key Questions Answered in the Report:
· Which are
the high-growth market segments in terms of type, raw material, and geography?
· What is
the historical market size for agricultural films across the globe?
· What are
the market forecasts and estimates for the period 2024–2031?
· What are
the major drivers, restraints, opportunities, and challenges in the
agricultural films market?
· Who are
the major players in the market, and what are their market shares?
· Who are
the major players in various countries, and what are their market shares?
· How is the
competitive landscape for the agricultural films market?
· What are
the different strategies adopted by the major players in the agricultural
films market?
· What are
the key geographic trends, and which are the high-growth countries?
· Who are
the local emerging players in the agricultural films market, and how do they
compete with other players?
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About Meticulous Research®
Meticulous Research® was founded in 2010
and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
limited company under the Companies Act, 1956. Since its incorporation, the
company has become the leading provider of premium market intelligence in
North America, Europe, Asia-Pacific, Latin America, and the Middle East &
Africa.
The name of our company defines our
services, strengths, and values. Since the inception, we have only thrived to
research, analyze, and present the critical market data with great attention
to details. With the meticulous primary and secondary research techniques, we
have built strong capabilities in data collection, interpretation, and
analysis of data including qualitative and quantitative research with the
finest team of analysts. We design our meticulously analyzed intelligent and
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