In terms of value, the agricultural films market is estimated to grow from USD 13.81 billion in 2024 to USD 19.49 billion by 2029, at a CAGR of 7.1%. The research study provides a qualitative and quantitative analysis of the industry size, share, agricultural films market demand, growth perspectives, dynamic trends, regional insights, and the competitive landscape. The demand for agricultural films in increasing due to increased demand from dairy industry, growing inventions regarding agricultural films and rising population, increasing automation in manufacturing industries in the Middle East & Africa and Asia Pacific region.
Based on type, the agricultural films market is segmented as LDPE, LLDPE, EVA, Reclaim, HDPE, and others. From them, LLDPE accounted for largest market share, in terms of value, in 2023. Because of its superior strength and durability compared to LDPE, making it ideal for harsh outdoor environments. This flexibility allows for easy conformation to the ground and crops, creating a secure cover for weed suppression and moisture retention. Therefore, LLDPE based agricultural films accounted for largest share in agricultural films market.
Based on application, the agricultural films market is segmented into 3 key sub-segments as greenhouse films, silage films, and mulch films. The greenhouse films sub-segment is accounted for the second largest share in terms of value, in 2023. This is mainly due to the rising awareness regarding the nano greenhouses around the world as the worlds populations is increasing rapidly. Therefore, greenhouse films sub-segment is accounted for the second largest share.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=741
Based on region, Asia Pacific is the largest market agricultural films, in terms of value, in 2023 due to the due to its robust economic growth, increasing population, changing food preferences, and rising disposable incomes. Moreover, densely populated countries such as China and India experiences high demand for agricultural films due to changing food preferences and awareness of health food. Thus, the demand for agricultural films is high in Asia Pacific region. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value, during the forecast period 2024 to 2029.
Agricultural Films Companies
The key players profiled in the report include Berry Global Group, Inc. (US), Dow Inc. (US), RKW Group (Germany), BASF SE (Germany), Coveris (Austria), Kuraray Co., Ltd. (Japan), Rani Group (Finland), Armando Alvarez Group (Spain), and others. These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, Asia Pacific, and the Middle East & Africa. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies.
Berry Global Group, Inc. is one of the world’s prominent provider of inventive agricultural films and other materials. The company operates over 267 manufacturing facilities around the world and has strong presence in European and North American region. It offers a exhaustive range of products such as stretch and shrink films, converter films, food and consumer films, retail bags and agricultural films. It creates innovative packaging and engineered products, by focusing on reducing the impact on environment and working towards achieving 100% fast-moving consumer goods packaging to be reusable. Moreover, To expand its business, the company is improving its long-term financial position, expanding its existing and complementary product line. In May 2022, Berry Global Group, Inc. collaborated with Cleanfarms and PolyAg Recycling in Canada to establish a circular economy in the recovery of used agricultural films.
Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=741
Kuraray Co., Ltd. is a global specialty chemical company and manufacturers various materials and products including resins, chemicals, fibers, films, and medical products. The company has a strong global presence in Europe, North America, and Asia Pacific region with 76 consolidated subsidiaries and scattered business. It offers agricultural film products through its vinyl acetate segment under the brand name EVAL. EVAL is one of the core businesses of Kuraray; the product line of EVAL provides the widest range of EVOH products. The company continuously focuses on its research and development capabilities to improve the profitability, performance, and cost competitiveness of its products. In August 2023, the company planned to to increase the production capacity of EVAL in the US and Europe.
Market Ranking
The agricultural films market is highly competitive, with the five prominent players holding 35-40% of the total market share. The sustainability advantages that Berry Global Group, Inc. offers in agriculture films through recyclable solutions and circular economy approaches serves as specialized opportunity as the company operates from 265+ global locations. Kuraray Co., Ltd. stands out through its creative work in water-soluble protective films as well as their broad line of advanced materials includes product such as EVAL EVOH. RKW Group operates worldwide as it develops innovative film solutions such as Polydress 02 Barrier 2IN1 and works to build sustainable processes by using recycled renewable and biodegradable materials. Dow Inc. develops durable, UV-resistant high-performance agricultural films, that shield crops from harsh weather and assist in increasing crop yields. BASF’s extensive portfolio of products features agricultural films, such as mulching, silage, and greenhouse films, that build solutions to better safeguard and maximize the utilization of crops. The other players like Coveris, Rani Group, Armando Alvarez Group initiated using biodegradable agricultural films to help mitigate soil pollution, which is in line with the industry’s less impactful materials.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=741
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Rohan SalgarkarEmail: Send EmailPhone: 18886006441Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445City: FloridaState: FloridaCountry: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/agricultural-mulch-films-market-741.html
