Latest Research Report on Agricultural
Films Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Agricultural
Films prepare a case for investments in different regions based on a practical
view of their regulatory outline, manufacturing dynamics, and availability of
skills and resources in that region.
Agricultural Films Market
Report by Material, Application, and Geography – Global Forecast to 2024 is a
professional and in-depth research report on the world’s major regional Agricultural
Films Market conditions, focusing on the main regions (North America, Europe
and Asia-Pacific) and the main countries (United States, Germany, united
Kingdom, Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/agricultural-films-market/request-sample
Industry Insights
The global market size of
agricultural films market in 2015 was USD 7.27 billion. The growing population
and the increasing demand of food with the rise in agricultural productivity is
driving the market over the forecast period.
The factors which drive the
market are requirement of high quality crop and declining arable land. These
films are basically used for crop protection and increasing productivity. In
order to fulfill the demand of population these agricultural films are in
demand.
Application of agricultural
films includes covering of a greenhouse, covering soil from shifting due to
wind, film for water reservoirs, tunnel films and as a wrapper around fodder.
Basic function it serves in agricultural are farming and crop production. The
wide range of its specialized application led the commercialization of the
product.
Blocking Ultra Violet (UV),
florescent, NIR (Near Infrared) blocking, and ultra-thermic films are some of
the major innovations that can impact positive product demand over the forecast
years. Concerns regarding disposal of product is anticipated to be a hindrance
on the future growth. Use of plastics and its derivate can adversely affect the
market growth due to strict government policies in concern of clean planet.
The innovation of
biodegradable and bio-based product films is expected to open new ways of
manufacturing products for industry participants. Developed countries and their
mindset on ecofriendly space for living is gaining demand for the product.
Horticulture and
development in technology in this field coupled with the development of UV
protection films, single and multi-layer and particle to improve productivity
is expected to lift product demand in future. Bio-PVC films and other modified
products are going to develop immense opportunities for the industry over the
forecast period.
Raw Material Insights
LLDPE i.e. linear
low-density polyethylene was the raw material segment in 2015 growing with the
CAGR of 5.7% from 2016 t0 2024. With Properties like durability, finished
products extended shelf life with high tensile strength, and improved thermal
characteristics are expected to increase the market shelf life over the
forecast period. The increasing use of biodegradable LLDPE films and its development
is going to be the major market driver for its growth over the forecast period.
Over 21% of the market in
2015 was accountable for LDPE film. LLDPE and LDPE (Low Density Polythene) are
expected to witness high demand in regions such as Asia Pacific. Areas with
limited water supply and harsh climatic conditions these products find a good
market space to bloom.
HDPE i.e. High Density
Polyethylene and EVA i.e. ethyl vinyl acetate/EBA i.e. Ethyl butyl acrylate
films are used in rigid agricultural applications. Mulching and fumigation
applications are mostly served by HDPE films. Recycled films materials are
reclaiming, as compared to other raw material used the price of this polymer is
not competitive despite of its high tensile property.
Films manufactured from PVC
i.e. Poly Vinyl Chloride and EVOH i.e. ethylene vinyl-alcohol have
noncompetitive prices which result in less market penetration. Other reason
which accounts for lesser penetration is lesser durability of finished products
added with non-biodegradability of the products.
Application Insights
Due to applications such as
control on increased soil temperature, speeding up the germination and
cultivation cycles, reduced water consumption and keeping fertilizers and
nutrients closer to the plant mulching leads the segment and is accounted for
more than 43% of total market space in 2015. Increasing demand of high-quality
yield crops, health awareness and rising incomes is expected to move the
industry. The global agricultural films used in mulching is expected to reach
USD 5752.5 million by 2024.
Greenhouse is projected to
witness the rapid usages with the CAGR of 5.6% over the forecast period.
Agriculture based on greenhouse technology will be trending which will have
positive effect on market in Asia, Middle East, and Western Europe. With
uncertain climate change due to multiple factors like population and
industrialization demand for horticulture and floriculture segment will see
more growth of these products.
Stretch silage due to
durability, protection against the damage caused by sunlight, notably UV light
and cost effectiveness serves as air tight package that in return restricts the
unwanted fermentation for all agricultural products.
Regional Insights
The Asia Pacific leads the
market in this region led the global industry with iver 70% of the total
demand. Usage of mulch is done by over 80% of the farmers. Government supported
initiatives in R&D for this product is the major driver of this product in
this region. China is to witness the fastest growth over forecast period.
Stringent environmental
policies regarding manufacturing, usage and disposal of this product in Europe
will cause stagnant growth in near future. However, focus is shifting towards
biodegradable materials in this region. Demand will be average in Central &
South America. Developing economy like Brazil, India and Argentina with
advancement in technology and implementation to achieve desired yield will
cause the product penetration.
Competitive Insights
Presence of small scale
industry of this product segment regionally resulted in fragmentation of market
space, especially in China and India. Major companies operating in the industry
include BASF, BELLY’S, Novamont, BP Industries (BPI), Trio Plast, Armando
Alvarez, ExxonMobil, Trioplast, Group Barbie, Britton Group, Kuraray, and Ab
Rani PlastOy.
Key players significantly
plays a major part in the whole value chain. The major competitive factor is
innovation that is the reason major companies have been investing immensely in
R&D to differentiate themselves from competitors to increase their presence
in the industry. Strategic collaborations with biotechnology firms to develop
new polymers and enhancing supply chain efficiency are also used by companies
to have competitive advantages including M&A.
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