Agricultural Films Market – Overview
The escalation in the demand for 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.
The demand for agricultural films stems from the advantages it delivers in terms of increasing crop yields and value, while reducing the need for chemical fertilizers, herbicides, pesticides, and sterilizers. Its particular usage in the preserving of precious natural resources, such as nutrients, water, and even fossil fuels, along with many forms of energy, particularly sunlight is expected to boost the development of the market in the forecast period.
Agricultural Films Market Segmental Analysis
The COVID-19 analysis on agricultural films market by type globally has been segmented on the basis of polymer type, application, and region. On the basis of polymer type, the market has been segmented into HDPE, LDPE, EBA, LLDPE, EVA, reclaims, and others. On the basis 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.
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Agricultural Films Market Competitive Analysis
The eminent competitors in the global agricultural films industry are Kuraray Co., Ltd (Japan), Berry Global Inc. (US), COVERIS (US), Trioplast Industrier AB (France), Industrial Development Company sal (Lebanon), Grupo Armando Alvarez (Spain), AL-PACK Enterprises Ltd. (Canada), RKW SE (Germany), RPC Group Plc (UK), BASF SE (Germany), The Dow Chemical Company (US), Ab Rani Plast Oy (Finland), Novamont S.p.A. (Italy), BRITTON GROUP INC. (UK), Anhui Guofeng Plastic Industry Co., Ltd. (China), Groupe Barbier (France), Plastika Kritis S.A. (Greece), ACHILLES CORPORATION (Japan), POLIFILM (Germany), and Agriplast Tech India Pvt. Ltd. (India).
Detailed Regional Analysis
The agricultural films market growth has been segmented into regions such as North America, Asia Pacific, Europe, Latin America, Middle East and Africa. The market in Asia Pacific region led the global market in 2017 due to agriculture being the main occupation in the region. In addition, speedy industrialization and urbanization in emergent countries such as China, India, Indonesia, and Thailand have led to the restricted availability of cultivable land, which is likely to impel the demand for agricultural films in the region.
The North American market is responsible for the subsequent largest share in 2017 owing to the amplified demand for agricultural films in the farming of crops such as wheat, corn, and soybean. The market for agricultural films in the European region is likely to develop at a noteworthy rate, as 90 percent of the agricultural yield in the region is used domestically. The Latin American market is anticipated to develop owing to the cultivation of corn and wheat in countries such as Brazil, Argentina, and Chile. Finally, the market in the Middle East & Africa is expected to develop at a slow rate owing to the restricted growth of the agricultural segment in the region.
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