Agriculture contributes a considerable share to the GDP of any country. Agriculture, forestry, and fishing accounted for 4.3% of global GDP in 2020, according to the World Bank, and for emerging nations such as India, it was 18.3% for the same year. As a result, the agricultural industry is given a lot of attention in order to boost agriculture production and the economy of any country. The need to enhance agriculture production has become crucial due to the exponential expansion of the world population, thereby resulting in an increase in global food consumption, a reduction in the agricultural area, and the depletion of finite natural resources.
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The limited land resources will not be sufficient to support the growing world population and rising food sufficiency requirement. As a result, a greater focus has been placed on selecting sustainable crop production methods that enhance the crop yield at a low production cost. According to the United Nations report, the world’s population might peak at around 11 billion people by the end of the century, and the agriculture sector’s market size is expected to rise dramatically as global demand for foods grows with population.
Agricultural films are high in demand because of the continuous desire for more efficient food production, particularly in developing nations with harsh climatic conditions. In nations such as Brazil, agriculture films hold lots of potential. However, in these countries, modern agricultural methods are still in the early phases of acceptability. Therefore, there is room for agricultural films to expand in such nations.
Global Agricultural Films Market (by Product)
There are many products in the global agricultural film market, such as greenhouse films, mulch films, silage films, and others. The greenhouse films segment is expected to dominate the global agricultural films market in the forecast period 2022–2027. The need for greenhouse films is being fueled by an increase in worldwide commercial greenhouse vegetable production.
Global Agricultural Films Market (by Material)
The agricultural films are made up of different materials such as linear low-density polyethylene (LLDPE), low density polyethylene (LDPE), ethylene-vinyl acetate (EVA), high density polyethylene (HDPE), Reclaim PE, and others. LLDPE segment is expected to dominate the global agricultural films market in the forecast period. LLDPE is primarily utilized in the production of agricultural films, such as greenhouse and low tunnel films. Agricultural films made from LDPE include greenhouses, low tunnels, mulch, and silage films. EVA is mostly utilized in the production of greenhouse films. HDPE is extensively used to make geomembrane films and pond liners. Reclaim PE is a recycled material made from LDPE and LLDPE post-consumer plastic films.
Global Agricultural Films Market (by region)
China is expected to register the highest demand for agricultural films during the forecast period. Besides China, Asia-Pacific and Japan is the primary contributing region to the global agricultural films market. China and Asia-Pacific and Japan are predicted to grow at a rate of more than 38% over the forecast period. The market for agricultural films in China and Asia-Pacific and Japan is expected to be driven by surging population growth and rising food requirements.
The competitive landscape for the global agricultural films market demonstrates a pattern toward the inclination of companies to adopt strategies such as mergers, collaborations, product launches, and contracts. Moreover, the industry is developing; thus, the market players are organizing or taking part in several events to generate greater awareness about the same.
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Moreover, the global agricultural films industry is extremely fragmented, with a few well-established competitors, including several emerging players. Product offers, price, new solutions, and customization are the key areas where the market participants compete. Some of the leading companies operating in the global agricultural films market are Berry Global Inc, BASF SE, Rani Group, PLASTIKA KRITIS S.A., Novamont S.p.A., KURARAY CO., LTD, Coveris, RKW Group, Dow, Groupe Barbier, Exxon Mobil Corporation, Trioworld, POLOFILM GROUP, Imaflex Inc., and Kalliomuovi Oy. In addition to this, GROWiT, Hydrox Technologies Inc (Solar Shrink), LLEAF PTY LTD, Cornext, and FILMORGANIC are the key start-up players operating in the global agricultural films market. These companies launched a range of new products and entered various partnerships and collaborations.