A recent report published by Infinium Global Research on the greenhouse films market provides in-depth analysis of segments and sub-segments in the global as well as regional greenhouse films market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional greenhouse films market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global greenhouse films market. According to the report, the global greenhouse films market is projected to grow at a CAGR of nearly 11% over the forecast period of 2022-2028.
The greenhouse films market was valued at USD about 8 billion in 2022 and is expected to reach nearly USD 14 billion in 2028, with a CAGR of nearly 11% during the forecast period. Plastic greenhouses help to increase and secure the yield. Greenhouse films are exposed to high UV radiation, and heat build-up in the greenhouse supports and protects the crops inside. The greenhouse films must be stabilized with suitable light stabilizers and UV absorbers. The recent greenhouses are generally plastic-enclosed framed structure that is used for the production of fruits, vegetables, flowers, and any other plants that need special conditions of temperature.
An increase in the area for greenhouse-protected cultivation is a primary driving factor for the global greenhouse films market. The increasing population and rising awareness of healthy food are some driving forces behind the greenhouse industry and greenhouse films. The film manufacturer aims to provide lightweight, durable polyethylene portfolio solutions for greenhouse cladding to support this industry. Additionally, the growing population coupled with increasing demand for food across the globe is another factor that is escalating the greenhouse films market growth. Moreover, the increasing use of modern greenhouses is the best option to produce fresh vegetables, fruits, and nursery crops to meet current demand and fulfill food needs. This, in turn, propels the growth of the greenhouse films market. Furthermore, government bodies are providing some financial assistance to the greenhouse growers is likely to escalate greenhouse films market growth. However, the high installation cost and shorter lifespan of greenhouse films than glasshouse and polycarbonate sheets are restraining factors for the market.
The ongoing health crisis around COVID-19 has affected all businesses in the world along with agriculture. The horticultural sector throughout the world will also be affected. The collapse of the labor supply, especially of migrant and seasonal workers, and the reduction in demand for some food products and flowers have affected the industry demand. However, governments of the affected countries have swung into action since the coronavirus attack created an unprecedented situation. Investments in key logistics must be enhanced to sustain the demand for agricultural commodities.
The global greenhouse films market is segmented into the Asia Pacific, North America, Europe, and the Middle East & Africa. Among the geographies, the North American region is expected to hold the largest share in the global greenhouse films market as countries such as the U.S. and Canada are the front-runners in adopting new farming techniques such as precision agriculture, vertical farming, and indoor farming, among others. Further, factors such as growing urbanization and food demand have accelerated the growth of the greenhouse films market in the North American region. Moreover, the Asia Pacific region is expected to witness high growth during the forecast period owing to the growing government support and rising awareness among cultivators. Countries such as China and Japan are projected to witness a considerable increase in the upcoming years due to the presence of a large number of indoor farms.
The report on the global greenhouse films market covers segments such as thickness, and resin type. On the basis of thickness, the sub-markets include 80 to 150 microns, 150 to 200 microns, and more than 200 microns. On the basis of resin type, the sub-markets include LDPE, LLDPE, EVA, and others.
The report provides profiles of the companies in the market such as Agriplast Tech India Pvt Ltd, Beijing Kingpeng International Hi-Tech Corporation, Central Worldwide Co. Ltd, Essen Multipack Limited, Ginegar Plastic Products Ltd., Lumite Inc., Berry Global Inc., Thai Charoen Thong Karntor Co. Ltd., Vis and Son Company Limited, and Plastika Kritis.
The report provides deep insights into 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 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 the greenhouse films market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.
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