A recent report published by Infinium Global Research on agricultural films market provides in-depth analysis of segments and sub-segments in the global as well as regional agricultural films market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agricultural films market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global agricultural films market. According to the report, the global agricultural films market is projected to grow at a CAGR of 9.45% over the forecast period of 2019-2025.
Agricultural films are plastic materials used for various agricultural applications. Agricultural films help farmers to attain better agricultural productivity and crop quality through the conservation of nutrients in the soil, pest repellency, prevention of weed growth, reduction of the use of herbicides, prevention of soil erosion, source protection, thermal protection, and water management. Some of the agricultural films are recyclable or biodegradable. Agricultural films are an ideal alternative for storing agricultural produce and materials. Agricultural films find applications in greenhouse covering, fumigation, humidity controlling, low tunneling, mulching, packaging & protection, silage, soil sterilization, water reservoirs, and others. Decreasing the availability of fertile land for cultivation and increasing demand for food products are the major factors that drive the increasing demand for agricultural films globally.
Decreasing fertile cultivable lands, increasing demand for food products to meet a huge population demand, the necessity to improve the yield of crops are major factors that drive the growth of the global agricultural films market. Due to the advanced properties such as durability, efficient light transmission, flexibility, mechanical, optical, resistance to crack, stress and UV radiations, EVA segment of agricultural films are anticipated to gather the highest growth during the forecast period. Due to the superior properties of the silage films to reduce the food spoilage to a minimum and increasing costs of feed are expected to drive the growth of the silage segment of the agricultural films market. On the other side, the disposal of used non-degradable agricultural films and the strict regulations set by various governments for the use of plastics and polythene is anticipated to negatively impact the growth of the global agricultural market. The availability of eco-friendly alternative materials for agricultural films is a challenge to the major players in the global agricultural films market. However, the adoption of plastic-based biodegradable agricultural films are expected to provide growth opportunities for market players during the forecast period.
Among the geographies, Asia-Pacific accounts for a major part of the revenue in the global agricultural market and it is expected to remain the fastest growing market for agricultural films, over the forecast period. Increasing demand for food products, due to the presence of the large population in countries such as China and India, along with the need for more fertile cultivable lands with better productivity is driving the farmers in the region to adopt agriculturally films. Stringent regulations in the European Union regarding the disposal of non-degradable agricultural films are anticipated to slow down the European Agricultural market. However, the adoption of bio-degradable agricultural films is expected to enhance the growth of the market.
The report on global agricultural films market covers segments such as polymer type and application. On the basis of polymer type, the sub-markets include ethyl butyl acrylate (EBA), ethyl vinyl acetate (EVA), high-density polyethylene (HDP), low density polyethylene (LDP), linear low density polyethylene (LLDP), and others. On the basis of application, the sub-markets include greenhouse films, mulch films, and silage films.
The report provides profiles of the companies in the market such as Ab Rani Plast Oy, BASF SE, Berry Global Inc., Exxon Mobil Corporation, Grupo Armando Alvarez, Henan YinFeng Plastic Co., LTD, KURARAY CO., LTD, Plastika Kritis S.A., Trioplast Industrier AB, DowDuPont Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of agricultural films market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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