Agricultural Films Market Size Worth US$ 14.7 Billion by 2028 | CAGR 5.66%

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.

Report Highlights

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 plastic films designed and utilized in various agricultural applications. They are made from polyethylene (PE), a versatile and durable polymer. They are used in farming practices to enhance crop production, protect plants from external factors, and optimize growing conditions. There are different types of agricultural films customized for specific purposes. One common type is mulch films, which cover the soil surface around plants. Mulch films assist in conserving soil moisture, suppressing weed growth, regulating soil temperature, and preventing soil erosion.

Another type is greenhouse films, which are employed to cover greenhouse structures. Greenhouse films provide insulation, control light transmission, regulate temperature and humidity, and protect plants from harsh weather conditions. Additionally, silage films are used for preserving and storing animal feed, such as fermented grass or corn. These agricultural films offer numerous benefits to farmers, including higher crop productivity, better resource efficiency, and reduced labor requirements. As a result, agricultural films are gaining immense traction in modern agricultural practices across the globe by providing protection, insulation, and environmental control, enabling farmers to optimize growing conditions and maximize their yields.

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What are the growth prospects and trends in the agricultural films industry?

The global agricultural film market is primarily driven by the increasing demand for efficient and sustainable agricultural practices and the rising need to address challenges faced by farmers. Moreover, there has been a rise in demand to produce more food due to the growing global population. In addition, the surging adoption of agricultural films, as they help enhance crop productivity and protect plants from adverse environmental conditions, is positively influencing market growth. Apart from this, agricultural films aid in water conservation by minimizing evaporation, reducing irrigation needs, and maintaining soil moisture levels. In line with this, the surging need for water conservation due to increasing water scarcity in various regions has accelerated the product adoption rate. Additionally, the rising demand for agricultural films owing to increasing focus on sustainable farming practices and environmental concerns, as these films promote healthier ecosystems, reduce chemical runoff, and enhance the overall sustainability of agricultural operations, has catalyzed the market growth.

Besides this, the emerging trend of protected agriculture, such as greenhouse cultivation, is propelling market growth. Along with this, the rising popularity of organic farming practices and the augmenting demand for locally grown produce have escalated the adoption of greenhouse films. They provide controlled environments that protect plants from extreme weather conditions, pests, and diseases, enabling year-round cultivation and higher-quality crops. Furthermore, manufacturers are developing films with enhanced properties, such as improved durability, UV resistance, and light transmission, to cater to specific crop and climate requirements, thereby contributing to the market growth. Other factors, including the development of innovative product variants, rising popularity of horticulture, and increasing adoption of sustainable farming methods, are also anticipated to drive the market further.

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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
• Others

Breakup by Application:

• Greenhouse
• Silage
• Mulching
• Others

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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Tags: Agricultural Films Market Share, Agricultural Films Market Size