Top Trends Driving the Global Agricultural Films Market; MRFR Unleashes the Forecast for 2017 – 2023
Description :
Agricultural
Films Market Information: by Application (Geo-Membrane Films, Greenhouse Films,
Mulch Films, Silage & Stretch Films), Polymer Type (LDPE, HDPE,
LLDPE, EVA, EBA, Reclaims, Others) and Region (Asia-Pacific, Europe) Forecast
till 2030
Keywords:
Agricultural
Films Market, Agricultural Films industry, global Agricultural Films market, Agricultural Films Market analysis, Agricultural Films Market Growth
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Agricultural Films Market analysis:
Agricultural Films are increasingly garnering
colossal attention, and so is its market gaining significant traction on the
global front. Agricultural films are polymeric sheets used in a range of
plasticulture applications to help improve crop productivity and quality. With
their superior properties such as durability, lightweight, and transmittance
& reflectance of ultraviolet, visible, near-infrared, and middle infrared
rays, and anti-drip and anti-fog, these polymeric sheets also protect crops
from locust swarms and environmental impact.
These products also aid in improving crop quality
and increasing overall productivity. Advantages of agricultural films drive the
growth of its market, increasing their uptake across the agriculture
sector. According to Market Research
Future (MRFR), the global agricultural films market is estimated to create
exponential gains by 2023, registering a notable CAGR during the projected
period (2017 – 2023). Growing technological advances transpired in farming are
key tailwinds behind the success of this market.
Additionally, rising uptake of modern agricultural
practices and technologies such as "agriculture 4.0," a kind of
precision farming, are expected to act as significant tailwinds for the market
growth. Also, factors such as the convenience of installment, ongoing third
green revolution, and the increasing production of the crops are substantiating
the market demand. Moreover, the continually rising global food demand due to
the ever-increasing population would accelerate the growth of the agricultural
films market.
On the other hand, price volatility and the
demand-supply gap in the raw materials required for production are the major
factors projected to hamper the growth of the market over the assessment
period. Nevertheless, the increasing demand to protect fresh produce from
weathering and undesirable fermentation processes throughout the outdoor
exposure duration, while maintaining their nutritional value, would support
market growth throughout the review period.
Agricultural Films Market - Segments
The analysis has been segmented into three
major dynamics.
By
Application : Geomembrane Films, Greenhouse Films, Mulch Films, Silage & Stretch
Films.
By
Polymer Type : LDPE, HDPE, LLDPE, EVA, EBA, Reclaims, and others.
By
Regions : Americas, Europe,
Asia Pacific, Middle East & Africa, and Rest-of-the-World.
Global Agricultural Films Market - Regional Analysis
The Asia Pacific region dominates the global
agricultural films market due to the vast demand of these films in the
agriculture, horticulture, aquaculture, and water management industries. China accounts for the biggest share in the
regional agricultural films market, followed by India and South Korea. Farming
is the major occupation in the region, which defines the growing landscape of
the market. The presence of robust agricultural sectors in China, India, South
Korea, Malaysia, and Thailand is another key driving force behind the regional
market growth.
Additional factors helping the region to
remain at the forefront include the availability of ample fertile & arable
land, tremendous agrarian growth due to the quadrupling population, and
lucrative government schemes. Besides, substantial funding to drive
agriculture-related R&D and farming techniques are some of the key factors
impacting the market growth positively.
North America stands second in the global
agricultural films market, witnessing a huge demand due to the increase in the
farming of corn, wheat, and soybean. Moreover, factors such as the well-
established agrarian industry, strong emphasis on the utilization of advanced
farming techniques & products, and high agriculture expenditure, act as key
tailwinds for the regional market growth. The market witnesses a massive demand
for recyclable or bio-based agricultural films.
The agricultural films market in Europe is
expected to grow at a significant rate, as 90% of the farm produce in the
region is consumed domestically. The well-developed agriculture industry and a
strong emphasis on R&D to invent technologically advanced products are the
major growth drivers of the regional market. The European agricultural films
market is hugely diverse and includes many primary product manufacturing
industries and segments.
Agricultural Films Market - Competitive Analysis
Highly competitive, the agricultural films
market appears to be fragmented, with a large number of players churning the
market competition. Players adopt strategic initiatives such as collaborations,
mergers & acquisitions, expansion, and product/technology launch to gain a
larger competitive advantage. Manufacturers strive to develop a comprehensive
range of agricultural films available today. They use the highest quality raw
materials to manufacture the widest selection of high-density polyethylene
(HDPE) and linear low-density polyethylene (LLDPE) agricultural films.
Major Players:
Players leading the global agricultural
films market are Kuraray Co., Ltd. (Japan), Berry Global Inc. (US), RKW SE
(Germany), Agriplast Tech India Pvt. Ltd. (India), COVERIS (US), RPC Group Plc
(UK), Anhui Guofeng Plastic Industry Co., Ltd. (China), The Dow Chemical
Company (US), BASF SE (Germany), Achilles Corporation (Japan), AL-PACK
Enterprises Ltd. (Canada), Trioplast Industrier AB (France), Groupe Barbier
(France), Ab Rani Plast Oy (Finland), Grupo Armando Alvarez (Spain), Novamont
S.p.A. (Italy), Britton Group Inc. (UK), Plastika Kritis S.A. (Greece),
POLIFILM (Germany), and Industrial Development Company SAL (Lebanon), among
others.
Industry/ Innovation/ Related News
November 13, 2019 ---- Raven Industries, Inc. (the US), a leading global provider of
innovative, high-value agricultural products & solutions, announced the
completion of the acquisition of majority ownership of DOT Technology Corp.
(the US), a leader in autonomous agriculture solutions. Raven has designed,
produced, and delivered exceptional solutions, including precision agriculture,
high-performance specialty films, and lighter-than-air technologies. The deal
aligns with Raven's strategy to support the expansion of its Applied Technology
division and Raven Autonomy platform.
Read more at:
https://onmogul.com/stories/growing-demand-for-effective-water-purification-in-asia-pacific-to-drive |
NOTE: Our Team of Researchers
is Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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