IMARC Group, a leading market research company, has recently releases report titled “Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global agricultural films market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the agricultural films market?
The global agricultural films market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.66% during 2023-2028.
What are agricultural films?
Agricultural films refer to polymeric films that are used to safeguard crops from pests and enhance the overall quality of the produce. Their usage ensures reduced growing time, optimal utilization of the harvest and protection of the soil from adverse weather conditions as well asthe proliferation of weeds. Apart from this, these films are utilized to regulate humidity levels in crop fields in an efficient manner. Some of the most commonly employed agricultural films include mulch, silage and geomembrane films that are widely characterized by enhanced durability and optical properties.
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What are the growth prospects and trends in the agricultural films industry?
The global market is majorly driven by considerable growth in the agricultural sector. There has been a continual decline in the availability of adequate arable land on the global level, which has contributed to the rising need for products that maximize the productivity and yield of cultivable land, including agricultural films. Along with this, constant advancements in the development of advanced agricultural films are also creating a positive outlook for the market. For instance, fluorescent, ultraviolet (UV)-blocking, near-infrared (NIR)-blocking and ultra-thermic films are gaining widespread prominence among the end users.
Moreover, the growing demand for environment-friendly agricultural films made from compostable and bio-based raw materials is also providing an impetus to market growth. Some of the other factors contributing to the market growth include rising global population, significant growth in the food and beverages industry, increasing adoption of sustainable farming methods and the widespread popularity of horticulture. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 5.66% during 2023-2028.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
- High-Density Polyethylene
- Ethylene Vinyl Acetate
Breakup by Application:
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Ab Rani Plast Oy
- Armando Alvarez S.A.
- BASF SE
- Berry Global Inc.
- Exxon Mobil Corporation
- Kuraray Co. Ltd
- Novamont S.p.A.
- RKW Hyplast
- The Dow Chemical Company
- Trioplast Industrier AB
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