Global Agricultural Films Market By Raw Material (LDPE, LLDPE, Reclaims), By Application (Green House, Mulching, Silage), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Agricultural Films Market Overview:

The global market for agricultural films was worth USD 10,790 million in 2021, and it is projected to grow at 6.20 % annually over the forecast period.

The expected growth will be driven by an increasing food demand as a result of the population explosion, and a rising need for optimal agricultural productivity. Factors like rising demand for high-quality crops, and declining arable land will also be factors that will propel product demand.

Agricultural films are used to cover greenhouses. They can be placed on soil or wrapped around the feed. These films are used to improve crop quality and increase productivity. The commercialization of specialty coverings has resulted in a rise in agricultural productivity needed to supply the daily food demand.
Global Agricultural Films Market Scope:

Raw Material analysis:

LLDPE, which was the top raw material segment in 2021, is expected to see the fastest CAGR of 7.9% between 2023-2032. Market penetration is expected to increase due to its high durability, extended shelf life, and excellent thermal properties. It is expected that biodegradable products will also drive growth. LDPE accounted for over 27% market share in 2021, owing to its increased penetration in farming in areas where there is limited water supply and extreme climatic conditions. LLDPE and LDPE should be in high demand throughout the Asia Pacific region, especially in China, where there is a growing regional food demand.

EVA/EBA and HDPE products are used in agriculture applications that require rigidity. HDPE products are mainly used in fumigation and mulching applications. Reclaims can be recycled and have high tensile strengths. The prices for these products aren’t as competitive as other conventional polymers. Other agricultural films made of PVC and EVOH, however, have low market penetration due to low-cost prices, poor durability of the finished products, and their non-biodegradable nature. The industry is expected to see immense growth in the future thanks to the development of bioplastic PVC films and other innovative products.

Application analysis:

In 2021, Mulching was responsible for 41.9% of the total market revenue. The forecast period will see an increase in demand for high-quality crops and rising disposable incomes. Due to its ability to maintain soil temperature and soil water retention and inhibit the growth of seeds. Mulch films can be used in areas where crop survival is crucial. Mulch films are used in dry regions where crops need to be maintained. Agrifilms can also be used to increase the quality and yield of crops.

Market growth is expected to be positive due to the growing popularity of greenhouse agriculture in Asia, the Middle East, and Western Europe. The segment’s expansion will be aided by factors such as the increasing demand for floriculture, horticulture, and unfavorable climatic conditions. The product’s use in greenhouses can also improve productivity and plant cultivation. Moreover, silage applications can increase the nutritional value and milk production. The market is expected to grow in the coming years due to rising product demand for animal fodder from forage plants. Market growth will be aided by silage’s properties, such as its ability to retain moisture and facilitate anaerobic fermentation.

Key Маrkеt Segments

By Raw Materials

• LLDPE
• LDPE
• Reclaims

By Application

• Green House
• Silage
• Mulching

Market Dynamics:

The industry is expected to benefit from a number of new innovations, such as NIR, fluorescent, and UV blocking. In the near future, however, environmental concerns about product disposal will likely hinder growth. The market growth is expected to be negatively affected by strict government regulations regarding the use of plastics and polythene. Industry participants can expect lucrative opportunities over the next few years thanks to the introduction of biodegradable, bio-based, and polymer films.

Because of their ecological friendliness, biodegradable agricultural films have been gaining popularity. In the near future, the demand for these products will be driven by technological advances in horticulture.
Market growth is expected to be limited by volatile petrochemical prices due to unstable global demand and supply. Market participants should expect lucrative opportunities as a result of the shift in consumer preference for biodegradable polymer film, especially in mature North American and European economies.

Regional Analysis

The Asia Pacific was the market leader in global agricultural films and accounted for over 65.1% of worldwide revenue in 2021. More than 80% use mulch in the region. The region’s market will be driven by government initiatives, such as R&D in protected agriculture practices. China is expected to experience the greatest growth over the next few years.

Europe is likely to see stagnant growth because of stringent environmental regulations regarding manufacturing and film disposal. However, the market is expected to grow as consumers shift their focus toward biodegradable materials. North America’s market has matured and so the demand will be slow in the future. Regional growth is likely to be supported by the high cost and relocation of polyethylene facilities to regions in the Asia Pacific, the Middle East, and Africa.

Demand for Central and South America is expected to grow at an average rate. The increase in market penetration in Brazil and Argentina could be due to the availability of large amounts of agricultural land and advancements in agricultural technologies.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The global market is highly fragmented due to the presence of several small-scale regional and local players, particularly in China and India. In order to expand their market reach, large companies have invested heavily in R&D in order to create innovative products like agricultural bags for grain storage. M&A, strategic collaborations, and improving the efficiency of supply chains are other strategies used by companies. Some key players are:

Маrkеt Кеу Рlауеrѕ:

• BP Industries (BPI)
• ExxonMobil
• Trioplast
• Group Barbier
• Armando Alvarez
• Britton Group
• BASF
• Novamont
• Other Key Players

For the Agricultural Films Market research study, the following years have been considered to estimate the market size: