Agricultural Films Market

1. "Fields of Gold: A Journey through Agricultural Landscapes" The production and use of non-biodegradable films are still being practiced across underdeveloped and developing economies. Further, the high development and production cost of biodegradable films is a major challenge as compared to other types. High cost is estimated to always be a challenge for the manufacturers of biodegradable films to maintain their cost of production and the price that they offer. Moreover, the installation cost of greenhouse films is high as compared to other alternatives. The high cost of installation of greenhouse agricultural plastic films is one of the foremost factors restraining the growth of the industry.Sales of agricultural films accounted for 5.9% share of the global films market at the end of 2021. The growing need to enhance crop production and the introduction of greener ag films will result in higher sales opportunities for market players. Download a Sample Copy of This Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=3450?PJ Fact.MR analyses that agricultural film producer margins will double by recycling used plastic. The recycled plastic market is projected to reach over US$ 65 Bn by 2025, which will drive demand for recycled agricultural films. Key Takeaways from Market Study  In terms of value, silo bags manufacturing application is expected to register a CAGR of 5.9% to be valued at US$ 6.5 Bn by 2031-end. Among the film types, mulch films and greenhouse plastics are expected to grow 1.9X and 1.7X, respectively, and create an absolute $ opportunity of around US$ 4.2 Bn and US$ 2.5 Bn each. Low-density polyethylene material is estimated to account for 55.7% of the market value share by 2031-end, and gain 409.1 BPS in its market share. East Asia is witnessing for highest consumption and the market here is expected to expand at a CAGR of 6.9% over the forecast period. The region is expected to hold more than 52% of the market value share by 2031 and be valued over US$ 9.3 Bn. It has been observed that, over 48% of agricultural films utilized for crop production is plastic mulch. Versatile properties of plastic mulch such as weed growth limiter, soil temperature controller, and crop yield enhancer are driving sales. China accounted for a major chunk of the agricultural films business, and is anticipated to witness a steady CAGR of 7.6% through FY2031. Considering growing adoption of various types of agricultural films, especially mulch and greenhouse films for crop production with shift in business dynamics, the global agricultural films market is forecast to expand at a healthy CAGR of 5.7% over the next 10 years.        Competitive Landscape Majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks. Some of the key developments are :  On 3rd January 2020, BASF SE announced the acquisition of Solvay's polyamide business segment. With this acquisition, BASF got an opportunity to expand its business by operating eight production sites in different countries across the globe, including China, India, South Korea, North America, Europe, Mexico, and Brazil. Lucro Plastecycle, a recycling company in India, and Dow Inc., signed a memorandum of understanding on 10th February 2021 to launch and develop polyethene film solutions by recycling used plastic products. On 12th January 2021, Ab Rani Plast Oy introduced a product named "RaniWrap Ecol“ in Europe, and its trial also delivered excellent results, as it is considered a more sustainable product and will reduced carbon footprint.  

2.  On 4th March 2021, Berry Global announced an investment of US$ 30 Mn to increase the production capacity of hand stretch films and ultra-high-performance machines. Similarly, other recent developments related to companies manufacturing agricultural films have been tracked by the team at Fact.MR, which are available in the full report. Key Segments Covered in Agricultural Films Industry Research  By Film : o o o o By Material : o o o o o o o o o o o o By Application : o o o o o Geomembrane Agricultural Silage Films Agricultural Mulching Films Greenhouse Plastic/Covering Film  Ethylene Butyl Acrylate Agricultural Films Ethylene-Vinyl Acetate Agricultural Films Low-Density Polyethylene Agricultural Films LLDPE Agricultural Films LLPE Agricultural Films HDPE Agricultural Films Polypropylene Agricultural Films Polyamide Agricultural Films EVA Agricultural Films Ethylene Vinyl-Alcohol Copolymer Resins PVC Agricultural Films Others  Agricultural Films for Bale Wrapping & Ensiling Agricultural Films for Silo Bags Manufacturing Agricultural Films for Tunnel Covers Agricultural Films for Bunker Ensiling Others More Valuable Insights Fact.MR, in its new offering, presents an unbiased analysis of the global agricultural films market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031. The study reveals essential insights on the basis of film (geomembrane, silage, mulch, and greenhouse plastic/covering film), material (ethylene butyl acrylate, ethylene-vinyl acetate, low-density polyethylene, LLDPE, polypropylene, polyamide, ethylene vinyl-alcohol copolymer resins, PVC, others), and application (bale wrapping & ensiling, silo bags manufacturing, tunnel covers, bunker ensiling, others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).