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Agricultural Films Market by Application, Raw Material, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40403
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The agricultural films market is projected to grow by USD 3.05 billion with a CAGR of 6%, during the forecast period 2020 to 2025.

This agricultural films market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers agricultural films market segmentation by application (mulch films, greenhouse films, and silage films) and geography (APAC, North America, Europe, South America, and MEA). The agricultural films market report also offers information on several market vendors, including Ab Rani Plast Oy, BASF SE, Berry Global Group Inc., Dow Inc., Exxon Mobil Corp., Groupe Barbier, Grupo Armando Alvarez, Kuraray Co. Ltd., LyondellBasell Industries NV, and RKW Group among others.

What will the Agricultural Films Market Size be During the Forecast Period?

Agricultural films Market Size

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Agricultural Films Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The need to increase agricultural yield is notably driving the agricultural films market growth, although factors such as may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agricultural films industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Agricultural Films Market Driver

One of the key factors driving growth in the agricultural film market is the need to increase agricultural yield. The demand for agricultural films has increased among farmers as they need to consider various factors such as changes in climatic conditions, soil characteristics, water and other nutrient levels in the soil, and other macroeconomic factors in crop production. The demand for agricultural films to increase crop yield is expected to drive the growth of the global agriculture films market during the forecast period.

Key Agricultural Films Market Trend

The need to improve the quality of silage is an agricultural film market trend that is expected to have a positive impact in the coming years. Silage is a high-moisture stored fodder used to feed livestock. It is essential during the dry season when the nutrient content and availability of natural pastures are not sufficient enough to feed livestock. The grass is cut and fermented to preserve the nutrients as much as possible. During the rainy season, silage may get too wet if not kept properly and may ferment poorly and start seeping. Wrapping silage with agricultural films saves the capital expenditure on building clamps, reduces weather dependence, and increases the ease of transportation. During silage wrapping, agricultural films are stretched and overlapped multiple times to reduce puncturing. Multiple layers of wraps ensure less air permeability and reduce mould formation risks. These benefits offered by agricultural films drive their use on farms for silage protection. In addition, the growing demand for improved silage to feed livestock is expected to drive the growth of the global agriculture films market during the forecast period.

Key Agricultural Films Market Challenge

The high establishment cost will be a major challenge for the agricultural film market during the forecast period. Greenhouses are established for gardening and farming purposes. However, the establishment cost differs for individual growers. The cost of establishing greenhouses is on the higher side for commercial crops due to the need for large areas of farmland, permanent structure, and other supporting facilities. Agricultural films cost around $0.71 per square foot for greenhouse applications. Moreover, the installation cost of a permanent greenhouse structure is $23-$26 per square foot depending upon the cultivation area. Apart from the high installation cost, the use of devices such as sensors, ventilation, and air-conditioning systems adds up to the overall cost of operations. These high installations and operational costs have led to the decline in the adoption of agricultural films among farmers, in turn having an impact on the overall growth prospects of the global agricultural films market.

This agricultural films market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agricultural films market during the forecast period.

Who are the Major Agricultural Films Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ab Rani Plast Oy
  • BASF SE
  • Berry Global Group Inc.
  • Dow Inc.
  • Exxon Mobil Corp.
  • Groupe Barbier
  • Grupo Armando Alvarez
  • Kuraray Co. Ltd.
  • LyondellBasell Industries NV
  • RKW Group

 

This statistical study of the agricultural films market encompasses successful business strategies deployed by the key vendors. The agricultural films market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Ab Rani Plast Oy - Some of the variants of agricultural films offered by the company are RaniWrap, RaniWrapXtra, and AgriWrap.

  • Ab Rani Plast Oy - The industry segment offers various types of packaging films.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The agricultural films market report contains a comprehensive market knowledge and in-depth vendor landscape added on to an analysis of the key vendors.

Agricultural Films Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the agricultural films market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Agricultural Films Market?

Agricultural films Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

78% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for agricultural films in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing adoption of agricultural films in countries such as China, India, and Australia will facilitate the agricultural film market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Owing to the high mortality rate of COVID-19, various industries, including the metal and glass containers industry, closed or halted their operations in 2020. This impacted the growth of the agricultural film market in the region in 2020 and 2021. However, operations in various industries have been gradually resuming with a limited capacity while maintaining social distancing norms, which is expected to stabilize the market growth rate in the region during the forecast period.

What are the Revenue-generating Raw Material Segments in the Agricultural Films Market?

Agricultural films Market Share

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The agricultural films market share growth by the linear low-density polyethene segment will be significant during the forecast period. LLDPE is a soft, flexible material with a hazy appearance. It is also one of the most commonly used materials in the agricultural industry due to properties such as high tensile strength, high puncture and tearing resistance, thinner films, better appearance, improved sealing properties, and low production and transformation costs. These properties have widened the applicability of LLDPE in mulch films.

This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural films market size and actionable market insights on post COVID-19 impact on each segment.

 

Agricultural Films Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

USD 3.05 billion

Market structure

Fragmented

YoY growth (%)

5.63

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 78%

Key consumer countries

China, India, US, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Ab Rani Plast Oy, BASF SE, Berry Global Group Inc., Dow Inc., Exxon Mobil Corp., Groupe Barbier, Grupo Armando Alvarez, Kuraray Co. Ltd., LyondellBasell Industries NV, and RKW Group

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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Agricultural Films Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive agricultural films market growth during the next five years
  • Precise estimation of the agricultural films market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the agricultural films industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agricultural films market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Mulch films - Market size and forecast 2020-2025
    • Greenhouse films - Market size and forecast 2020-2025
    • Silage films - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Raw Material

    • Linear low-density polyethylene
    • Low-density polyethylene
    • High-density polyethylene - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption
    • Competitive Scenerio

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Ab Rani Plast Oy
    • BASF SE
    • Berry Global Group Inc.
    • Dow Inc.
    • Exxon Mobil Corp.
    • Groupe Barbier
    • Grupo Armando Alvarez
    • Kuraray Co. Ltd.
    • LyondellBasell Industries NV
    • RKW Group

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your sample now!
    Agricultural films market growth will increase by $4.18 billion during 2019-2024.
    The agricultural films market is expected to grow at a CAGR of 7.27% during 2019-2024.
    Technavio has segmented the agricultural films market by application (Mulch films, Greenhouse films, and Silage films) and geographic (APAC, North America, Europe, South America, and MEA).
    Ab Rani Plast Oy, BASF SE, Berry Global Group Inc., Dow Inc., Exxon Mobil Corp., Groupe Barbier, Grupo Armando Alvarez, Kuraray Co. Ltd., LyondellBasell Industries NV, RKW Group are a few of the key vendors in the agricultural films market.
    APAC will register the highest growth rate of 75.60% among the other regions. Therefore, the agricultural films market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the agricultural films market growth are:
    • Need to increase agricultural yield
    The agricultural films market vendors should focus on grabbing business opportunities from the mulch films segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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