Global Agricultural Films Market to Grow at 5.66% During 2023-2028, Impelled by Rising Demand for Sustainable Product Variants

July 28, 2021 | Agriculture

According to the latest report by IMARC Group, titled "Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global agricultural films market reached a value of US$ 10.5 Billion in 2022. Agricultural films refer to polymeric films that are used to safeguard crops from pests and enhance the overall quality of the produce. Their usage ensures reduced growing time, optimal utilization of the harvest and protection of the soil from adverse weather conditions as well asthe proliferation of weeds. Apart from this, these films are utilized to regulate humidity levels in crop fields in an efficient manner. Some of the most commonly employed agricultural films include mulch, silage and geomembrane films that are widely characterized by enhanced durability and optical properties.

Global Agricultural Films Market Trends:

The global market is majorly driven by considerable growth in the agricultural sector. There has been a continual decline in the availability of adequate arable land on the global level, which has contributed to the rising need for products that maximize the productivity and yield of the cultivable land, including agricultural films. Along with this, constant advancements in the development of advanced agricultural filmsare also creating a positive outlook for the market. For instance, fluorescent, ultraviolet (UV)-blocking, near-infrared (NIR)-blocking, and ultra-thermic films are gaining widespread prominence among the end users. Moreover, the growing demand for environment-friendly agricultural films made from compostable and bio-based raw materialsis also providing an impetus to the market growth. Some of the other factors contributing to the market growth include rising global population, significant growth in the food and beverages industry, increasing adoption of sustainable farming methods and the widespread popularity of horticulture. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 5.66% during 2023-2028.

Market Summary:

On the basis of the type, the market has been divided into low-density polyethylene, linear low-density polyethylene, high-density polyethylene, ethylene vinyl acetate and others.
Based on the application, the market has been classified into greenhouse, silage, mulching and others.
On the geographical front, the market has been segregated into North America (United States and Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others) and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Ab Rani Plast Oy, Armando Alvarez S.A., BASF SE, Berry Global Inc., Exxon Mobil Corporation, Kuraray Co. Ltd, Novamont S.p.A., RKW Hyplast, The Dow Chemical Company and Trioplast Industrier AB.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Ab Rani Plast Oy, Armando Alvarez S.A., BASF SE, Berry Global Inc., Exxon Mobil Corporation, Kuraray Co. Ltd, Novamont S.p.A., RKW Hyplast, The Dow Chemical Company and Trioplast Industrier AB
Customization Scope	10% Free Customization
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Global Agricultural Films Market to Grow at 5.66% During 2023-2028, Impelled by Rising Demand for Sustainable Product Variants

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