“Agricultural films market projected to register a CAGR of 6.5%”
The market size of agricultural films is projected to reach USD 12.51 billion by 2021, registering a CAGR of 6.5% between 2016 and 2021. The growth is primarily triggered by the global focus on increasing agricultural output. The rising population coupled with the increasing demand for food exerts pressure for more agricultural productivity. The factors restraining the growth of this market are high cost of installation and adverse effects of plastics on the environment.
“LLDPE to be the largest type in agricultural films market”
LLDPE is projected to be the largest type of the agricultural films market between 2016 and 2021. LLDPE is having the largest demand because it offers properties such as higher puncture resistance and high tensile strength, resistance to sunlight & cracking, and suitable low-temperature that is needed for manufacturing agricultural films. Moreover, LLDPE is replacing conventional LDPE in many areas since it has combination of favorable production cost and product performance.
“Greenhouse film to be the largest application of the agricultural films market during the forecast period”
Greenhouse film is expected to be the largest application of the agricultural films market between 2016 and 2021. Greenhouse films account for the major share due to the need for lighter and safer structures. Moreover, these films protect the crops from UV rays and offer durability.
“Asia-Pacific to be the largest and the fastest growing agricultural films market during the forecast period”
Asia-Pacific is the largest agricultural films market. The increasing population and rising per capita intake of food exerts pressure for more agricultural output. The area under cultivation cannot be increased due to a decrease in arable land. Thus, the practice of controlled agriculture is essential to cater to the demands of rising population, thereby driving the demand for agricultural films in the region.
Breakdown of profiles of primary interviews for the report
- By Company Type – Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
- By Designation – C Level – 21%, Director Level – 23%, and Others – 56%
- By Region – North America – 37%, Europe – 23%, Asia-Pacific – 26%, and RoW – 14%
Some of the key companies profiled in this report are The Dow Chemical Company (U.S.), BASF SE (Germany), ExxonMobil Corporation (U.S.), RKW SE (Germany), Berry Plastics Group, Inc. (U.S.), Grupo Armando Alvarez (Spain), Kuraray Co. Ltd. (Japan), Barbier Group (France), British Polythene Industries Plc. (U.K.), and Coveris Holdings, S.A. (U.S.), among others.
The report is segmented on the basis of type, application, and region. The major types covered in report are LLDPE, LDPE, Reclaim, EVA, HDPE, and Others. The applications include greenhouse film, mulch film, and silage film. The market is also segmented on the basis of regions including Asia-Pacific, Europe, North America, Middle East & Africa, and South America.
This report covers the following contents which will benefit the client:
- Market segmentation based on type, application, and region
- Market dynamics including drivers, restraints, and opportunities
- Value chain analysis
- Porter’s Five Forces Analysis with respect to the agricultural films market
- Profile of key market players of the agricultural films market.