Global Agricultural Films Market is expected to reach USD
13.85 billion by 2024, according to a new report by Grand View Research,
Inc. Growing population is anticipated to exert pressure on agricultural
productivity. These films are used to enhance the productivity and improve crop
quality by minimizing soil erosion, providing nutrients, and suppressing weed
growth. They are primarily made of polyethylene. Growing consumer disposable
income coupled with the rising high-quality crops demand is anticipated to
drive the market growth over the forecast period.
Depleting arable land is expected to impact market growth
positively over the next eight years. Protective films are placed over soil,
covered over greenhouses and wrapped around fodder. Various benefits offered by
agricultural films including reducing the risk of seed germination, decreasing
soil compaction, raising soil temperature, providing nutrients, and protecting
against UV rays. These advantages are expected to raise product demand in near
future.
Agricultural films for green house dominated the global
demand and accounted for 42.9% of total revenue in 2015. This trend is
anticipated to continue over the forecast period on account of rising demand
from emerging economies such as China and India.
Access Full Research Report on Global Agricultural Films
Market: http://www.grandviewresearch.com/industry-analysis/agricultural-films-market
Further key findings from the report suggest:
- The
global agricultural films market demand 5.15 million tons in 2015 and is
expected to reach 8.28 million tons by 2024, growing at a CAGR of 5.4%
from 2016 to 2024
- Linear
low-density polyethylene (LLDPE) was the major raw material segment in
2015 and is expected to reach a market worth USD 7.29 billion by 2024,
growing at a CAGR of 8.0% from 2016 to 2024. The high growth may be
attributed to the growing demand for these films in Asia Pacific.
- Low-density
polyethylene (LDPE) is projected to grow at a CAGR of 7.3% from 2016 to
2024. The high growth may be attributed to their use in agriculture areas
with harsh climatic conditions and limited water supply.
- Asia
Pacific was the leading consumer and accounted for 70.1% of global revenue
in 2015 owing to rising consumer disposable income coupled with favorable
government initiatives in the agriculture sector.
- Major
companies operating in the global agricultural films industry include AB
Rani last Oy, AEP Industries, Al-Pack Enterprises, BASF, Berry Plastic
Group, Inc., British Polyethylene Industries PLC, Novamont S.PA, RKW and
Triplast Industrier AB.
View More Related
Reports from same Category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research
has segmented the Global Agricultural Films Market on the basis of raw
material, application and region:
Global Agricultural Films Raw Material Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
- Low
density polyethylene (LDPE)
- Linear
low density polyethylene (LLDPE)
- High
density polyethylene (HDPE)
- Ethyl
vinyl acetate/ ethyl butyl acrylate (EVA/EBA)
- Reclaims
- Others
Global Agricultural Films Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
- Green
house
- Mulching
- Silage
Global Agricultural Films Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
View Blog on Global Agricultural Films Market By Grand View Research: http://www.grandviewresearch.com/blog/agricultural-films-industry
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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