Agricultural Films Market | Global Industry Report 2022-2027

According to the latest report by IMARC Group, titled “Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global agricultural films market reached a value of US$ 9.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.0 Billion by 2027, exhibiting a CAGR of 5.77% during 2022-2027.

Agricultural Films Industry Definition and Application:

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.

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Global Agricultural Films Market Trends and Drivers:

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 films are 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 materials is 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 5.77% during 2022-2027.

Agricultural Films Market Segmentation:

The report has segmented the market on the basis on region, type and application.

Breakup by Type:

• Low-Density Polyethylene
• Linear Low-Density Polyethylene
• High-Density Polyethylene
• Ethylene Vinyl Acetate
• Others

Breakup by Application:

• Greenhouse
• Silage
• Mulching
• Others

Breakup by Region:

• North America:( United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape:

• 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
• Trioplast Industrier AB.

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