Complete Insight: " Agricultural Films Industry"
The global Agricultural Films Market size is estimated to be USD 11.5 billion in 2021 and is expected to reach USD 15.7 billion by 2026, at a CAGR of 6.5% during the forecast period. Factors such as global focus on increasing agricultural output and increasing demand from the dairy industry will drive the agricultural films market. The major restraint for the market will be high cost of installation and adverse effect of plastics on the environment. However, increased used of biodegradable films in developed regions will act as an opportunity for the market.
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Browse 210 market data Tables and 67 Figures spread through 250 Pages and in-depth TOC on "Agricultural Films Market”
“EVA is projected to be the fastest-growing type for agricultural films market between 2021 and 2026”
EVA is a copolymer of ethylene and vinyl-acetate used in agricultural films. It lowers the melting point of PE film and offers advantages such as softness, flexibility, clarity, barrier properties, resistance to crack & stress, waterproofing, resistance to UV radiation, and optical and mechanical properties. The mechanical strength of EVA film depends on the content of vinyl acetate. Higher the content of vinyl-acetate, lower is the film’s permeability to gas and moisture. Owing to these properties and features, EVA films are suitable for greenhouse and mulching applications.
“Mulch Film is projected to be the fastest growing application in agricultural films market between 2021 and 2026.”
Mulching is a practice of covering the soil/ ground to provide favorable conditions for plant growth and development and for efficient crop production. Mulch in technical term means “covering of soil.” While natural mulches such as leaf, straw, dead leaves, and compost have been used for centuries, the advent of synthetic materials has altered the methods and benefits of mulching. In comparison to other mulches, plastic mulches are completely impermeable to water. Therefore, these prevent direct evaporation of moisture from the soil, thus limiting water loss and soil erosion over the surface. Therefore, mulching plays a vital role in water conservation. Mulches are further classified as black mulches, transparent or clear mulches, and others. The high growth is owing to increasing crop protection with limited land available for farming. Moreover, the color of mulch films is expected to have a significant effect on the growth of certain crops. For instance, tomato responds more to red mulch in comparison to others. Red films also reduce blight in plants.
APAC is projected to be the fastest-growing region for the agricultural films market during the forecast period
Asia-Pacific has dominated the global agricultural films market. This dominance is attributed to the massive agricultural growth and increased demand for food in key countries such as China and India. Increasing population and rising per capita intake of food exert pressure on the agricultural output. The area under cultivation cannot be increased due to a decrease in arable land. Thus, the practice of controlled agriculture is essential to cater to the demand of the region’s rising population. The demand for agricultural films is growing, especially in Asia-Pacific and the Middle East & Africa. Thus, the markets in these regions are expected to register higher growth in comparison to other regions.
Recent Developments
- In August 2018, Berry Global the company acquired laddawn, Inc. Laddawn is a manufacturer of blown polyethylene and films with an e-commerce platform. With this acquisition Berry Global Inc. aims to expand their engineered product segment on web and mobile sales.
- In July 2019, Berry Global Inc, acquired RPC Group Plc with an aim to become the global leader in plastic and recycled plastic industry.
- In 2019, Berry Global Inc invests in an energy efficiency retrofit program to decrease the carbon emission, this investment is to support their impact 2025 sustainability strategy.
- In November 2020, BASF SE expanded its plastic additives business in Pontecchio,Italy. It will deliver a wider range of NOR solutions which will help in growing its agriculture industry.
The key market players profiled in the report include Berry Global Inc. (US), Kuraray Co. Ltd. (Japan), Coveris (Austria), The RKW Group (Germany), BASF SE (Germany), AB Rani Plast OY (Finland), the Dow Chemical Company (US), Grupo Armando Alvarez (Spain), and Plastika Kritis S.A. (Greece).
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