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The agricultural Films market size is forecast to increase by USD 4.25 billion between 2022 and 2027, accelerating at a CAGR of 6.17%. In 2017, China held the largest market share, projecting an annual revenue of USD 2.42 billion. The report offers extensive research analysis on the Agricultural Films Market, with a categorization based on Type, including LLDPE, LDPE, Reclaim, HDPE, and Others. It further segments the market by Application, encompassing Mulch Films, Greenhouse Films, and Silage Films. Additionally, the report provides geographical segmentation, covering APAC, North America, Europe, South America, and Middle East and Africa. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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The growth of the agricultural films market is being propelled by the necessity to enhance silage quality. Silage is a vital high-moisture feed for livestock, especially in dry seasons. Proper preservation involves careful fermentation. Inadequate storage can lead to wetness in the rainy season, causing nutrient loss and damage.
Agricultural films are used to cover and protect silage, preserving its nutritional value for months. These films are applied in multiple layers to prevent puncturing, reduce air exposure, and mold formation. As the demand for high-quality silage increases, so does the demand for agricultural films, driving the global agricultural films market's growth in the forecast period.
The Linear low-density polyethylene (LLDPE) Segment shows a gradual increase in the market share of USD 2.84 billion in 2017 and continued to grow by 2021. LLDPE is most commonly used in packaging films in the packaging industry. It is also widely used for grocery bags, trash bags, and shrink-wrap films due to its strength and durability. LLDPE has a wide range of agricultural uses; it is widely used in the agriculture industry for irrigation and water storage.
LLDPE water tanks are UV-stabilized and corrosion-resistant, besides being lightweight and easy to transport, which makes them ideal for outdoor use. Hence, the various properties of LLDPE, such as high impact resistance, good workability, electrical insulation properties, and good chemical resistance, along with its easy availability and low cost, drive the demand for LLDPE in the global agricultural films market.
APAC is estimated to contribute 79% to the growth of the global market during the forecast period. The growing adoption of agricultural films in countries such as China, India, and Australia is expected to drive the growth of the agricultural film market in APAC. Farmers in the region prefer to use advanced farming methods such as greenhouse films instead of glass covering for greenhouses. The growing need to increase agricultural productivity to meet the demands of the expanding population is another factor that is driving the demand for agricultural films in the region.
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The Agricultural Films Market is fragmented in nature. Some significant players include Ab Rani Plast Oy, Achilles Corp., AL PACK Enterprises Ltd., Armando Alvarez Group, Barbier Group and BASF SE, Berry Global Inc.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Coveris Management GmbH, Dow Chemical Co., Essen Multipack Ltd., Exxon Mobil Corp., Industrial Development Co. sal, LyondellBasell Industries Holdings B.V., Novamont S.p.A., PLASTIKA KRITIS SA, Polypak Packaging Corp., RKW SE, SHANDONG LONGXING PLASTIC FILM TECHNOLOGY CORP. LTD., KURARAY Co. Ltd., and C.I. TAKIRON Corp.
The agricultural Films market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Agricultural Films Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.17% |
Market growth 2023-2027 |
USD 4.25 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.64 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 79% |
Key countries |
US, China, India, Germany, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ab Rani Plast Oy, Achilles Corp., AL PACK Enterprises Ltd., Armando Alvarez Group, Barbier Group, BASF SE, Berry Global Inc., Coveris Management GmbH, Dow Chemical Co., Essen Multipack Ltd., Exxon Mobil Corp., Industrial Development Co. sal, LyondellBasell Industries Holdings B.V., Novamont S.p.A., PLASTIKA KRITIS SA, Polypak Packaging Corp., RKW SE, SHANDONG LONGXING PLASTIC FILM TECHNOLOGY CORP. LTD., KURARAY Co. Ltd., and C.I. TAKIRON Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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