Tuesday, November 5, 2019

Agricultural Films Market Future | Significant Trends & Status | Forecast To 2028


Million Insights Market Research Released A New Research Report On Global Agricultural Films Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.


USA: November 5, 2019- Agricultural Films Market in 2015 was USD 7.27 billion. The growing population and the increasing demand of food with the rise in agricultural productivity is driving the market over the forecast period.
The factors which drive the market are requirement of high quality crop and declining arable land. These films are basically used for crop protection and increasing productivity. In order to fulfill the demand of population these agricultural films are in demand.
Application of agricultural films includes covering of a greenhouse, covering soil from shifting due to wind, film for water reservoirs, tunnel films and as a wrapper around fodder. Basic function it serves in agricultural are farming and crop production. The wide range of its specialized application led the commercialization of the product.
Due to applications such as control on increased soil temperature, speeding up the germination and cultivation cycles, reduced water consumption and keeping fertilizers and nutrients closer to the plant mulching leads the segment and is accounted for more than 43% of total market space in 2015. Increasing demand of high-quality yield crops, health awareness and rising incomes is expected to move the industry. The global agricultural films used in mulching is expected to reach USD 5752.5 million by 2024.
Greenhouse is projected to witness the rapid usages with the CAGR of 5.6% over the forecast period. Agriculture based on greenhouse technology will be trending which will have positive effect on market in Asia, Middle East, and Western Europe. With uncertain climate change due to multiple factors like population and industrialization demand for horticulture and floriculture segment will see more growth of these products.
Stretch silage due to durability, protection against the damage caused by sunlight, notably UV light and cost effectiveness serves as air tight package that in return restricts the unwanted fermentation for all agricultural products.
Regional Insights
The Asia Pacific leads the market in this region led the global industry with iver 70% of the total demand. Usage of mulch is done by over 80% of the farmers. Government supported initiatives in R&D for this product is the major driver of this product in this region. China is to witness the fastest growth over forecast period.
Stringent environmental policies regarding manufacturing, usage and disposal of this product in Europe will cause stagnant growth in near future. However, focus is shifting towards biodegradable materials in this region. Demand will be average in Central & South America. Developing economy like Brazil, India and Argentina with advancement in technology and implementation to achieve desired yield will cause the product penetration.
Market Segment:

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

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
        • Green house
        • Mulching
        • Silage

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