CHICAGO, June 21,
2024 /PRNewswire/ -- The report
"Agricultural Films Market by Type (LDPE,
LLDPE, EVA, Reclaim, HDPE), Application (Greenhouse Film (Classic
Greenhouse, Low Tunnel), Mulch Film (Black Mulches, Transparent
Mulches), Silage Film (Silage Stretch Wrap, Silage Bag) - Global
Forecast to 2029", Agricultural Films Market size was
USD 13.8 billion in 2024 and is
projected to reach USD 19.5 billion
by 2029, at a CAGR of 7.1%, between 2024 and 2029.
The market is projected to grow because of growing demand for dairy
products and vegetables, growing agricultural output, and
inventions regarding agricultural films. The agricultural films
contribute to increased food production, improved resource
management, and enhanced crop quality, making them a crucial tool
for farmers in today's world. In addition, due to the increasing
population, increasing demand for food, technological advancements
and changing consumer preferences the demand for agricultural films
can increase due to various applications.
Browse in-depth TOC on "Agricultural Films Market"
323 – Tables
51 – Figures
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"LLDPE segment type are projected to register the
third-highest CAGR, in terms of value, of the global agricultural
films market during the forecast period."
The LLDPE market is set to grow notably during the forecast
period. This impressive growth is attributed to a winning
combination of properties. LLDPE boasts superior strength and
durability, making it ideal for harsh agricultural
environments. Furthermore, its flexibility allows for a close
fit around crops and uneven terrain, maximizing the effectiveness
of applications like mulch films. Moreover, LLDPE offers a
cost-effective solution for farmers, particularly in regions where
affordability is a key concern. With these advantages, LLDPE is
positioned to be third largest type in the agricultural films
market, driving growth and improvements in agricultural
efficiency.
"Greenhouse film is estimated to be the second-largest
application of agricultural films market, in terms of value, during
the forecast period."
Greenhouse films are the second-largest application in the
agricultural films market because of their ability to create
controlled environments for crops, enabling year-round production,
higher yields, and efficient resource use. This is particularly
valuable for specialty crops and in regions with harsh climates.
Greenhouse films allow farmers to create customized environments
for their crops, regardless of external weather conditions. This
enables them to extend growing seasons, cultivate fruits and
vegetables out of season, and achieve optimal growing conditions
for higher yields and quality produce. Also, their price is lower
than the mulch and silage films which makes them a cost-effective
choice for agriculture.
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"North America is estimated
to be the second-largest market for the agricultural films market,
in terms of value, during the forecast period."
North America secures the
second-largest position in the agricultural films market, by
following Asia Pacific. This
strength come from a well-established agricultural industry in the
US, readily embracing advancements like greenhouse films and mulch
films to optimize yields and resource use. Furthermore, North
American producers are leaders in film innovation, constantly
developing new features for improved performance and environmental
considerations. The vast areas dedicated to large scale farming
further strengthen demand for films used in silage wraps and row
covers.
The key players profiled in the report include Berry Global
Group, Inc. (US), Dow Inc. (US), RKW Group (Germany), BASF SE (Germany), Coveris (Austria), Kuraray Co., Ltd. (Japan), Rani Group (Finland), Armando Alvarez Group (Spain), Industrial Development Company sal
(Lebanon)and others.
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