Research Nester published a report titled “Agricultural Films Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the agricultural films market in terms of market segmentation by type, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Agricultural films are consumed expansively for soil safety, greenhouse farming, and mulching. The profit derived include abridged soil erosion and compaction, temperature control, nutrient preservation, seed germination, weed control, and protection against harmful UV rays.
The agricultural films market is anticipated to notice an attainable high CAGR during the forecast period, i.e., 2023-2033. The market is segmented by type, application, and region. Among product applications, the mulch film segment accounted for the major market share in the agricultural films market. The influence of agricultural films on the protection of soil and the indirect effect on crop owing to soil moisture conservation and decrease in weed growth is driving the adoption of mulching using films as a standard practice in progressive agriculture. The popularity of greenhouse films in agriculture is projected to help the market to retain a high growth over the forecast period and the silage segment is estimated to have a greater market potential owing to its beneficial properties.
Regionally, the agricultural films market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The Asia-Pacific region is expected to grow significantly by dominating the major market share, led by the developing countries in the region that are very reliant on agriculture. This growth is majorly attributed to strong government support through subsidies, policies, and schemes, climbing import & export situations, growing populace, agro-climatic conditions, and a high section of available agricultural land in countries such as China, Japan, and India.
North America is estimated to account for the majority of global consumption of agricultural films whereas Europe is projected to hold a strong position in the market in terms of the majority of manufacturers based in the region.
The market in the Middle East and African regions is also likely to witness significant growth opportunities mostly on account of strong government support policies.
Growing demand for high crop production to boost the global agricultural films market
Budding awareness for good well-being also upsurges the demand for organic food products, subsequently leading to the growth of the global agricultural films market.
Additionally, improvement in productivity and yield, rise in costs of pesticides and fertilizers, increase in the global population, a rapid progression in the use of microbial seed treatment yields, and easier residue management has also contributed towards the market growth significantly.
However, the high installation charge concerning agricultural films, accompanied by a disrupted supply chain, and the environmental concerns raised regarding the consumption of plastic while manufacturing the films, are some of the key restraints that might posses a threat to the growth of the global agricultural films market.
This report also provides the existing competitive scenario of some of the key players of the agricultural films market which includes company profiling of Dow (NYSE: CTA-B), Berry Global, RKW Group, Trioplast Industrier AB, Ab Rani Plast Oy, RPC BPI Agriculture, Grupo Armando Alvarez, Kuraray (TYO: 3405), Coveris, BASF SE (ETR: BAS).