Market Scope & Overview 2023
The agriculture films market, as indicated by the SNS Insider report, exhibited a valuation of approximately USD 11.9 billion in the year 2022. Projections suggest that this market is anticipated to attain a valuation of around USD 19.99 billion by the year 2030. This growth trajectory is projected to follow a CAGR of 6.7% during the forecast period spanning from 2023 to 2030.
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The Major Key Company Profiles included in Agriculture films market study are:
- AbRaniPlastOy
- BP Industries
- Britton Group
- BASF SE
- Berry Global Inc
- Exxon Mobil Corporation
- Group Barbier
- Novamont, Dow Inc
- RPC Group PLC
- Trioplast Industries AB
- Coveris Flexibles Austria GmbH
Agricultural films serve a multifaceted purpose in contemporary farming practices. They are designed to enhance various aspects of crop production, pest management, soil conservation, and overall yield optimization. These films are available in a variety of types, each tailored to specific agricultural needs.
Market Analysis
The world’s population is on a steady upward trajectory, necessitating increased food production. Agriculture films offer solutions to optimize crop growth and yield, thereby addressing food security concerns. These films enable controlled environments for crops, protect them from adverse weather conditions, and reduce post-harvest losses, aligning with the need to produce more with limited resources. The adoption of protected agriculture, which includes greenhouses, tunnels, and shade houses, is increasing rapidly. Agriculture films are integral to this trend, creating microclimates that extend growing seasons, enable cultivation of non-native crops, and enhance water management. As awareness of resource conservation grows, the demand for protected agriculture supported by films is set to rise. Governments worldwide are acknowledging the importance of sustainable agriculture and are offering subsidies and incentives to encourage the adoption of modern farming practices. Agriculture films, being key enablers of such practices, stand to benefit from these support initiatives, fostering agriculture films market growth.
Impact of Recession
While economic recessions present substantial challenges to the agriculture films market, they also open doors to innovation, sustainability, and adaptation. Manufacturers, suppliers, and farmers will need to navigate these uncertain times with resilience, seeking opportunities to redefine the industry landscape. The key lies in understanding changing consumer priorities, technological advancements, and governmental policies that could shape the future of the market.
Segmentation Analysis
The agriculture films market is experiencing a paradigm shift propelled by the ascendancy of the High Density Polyethylene (HDPE) segment and the enduring relevance of Classic Greenhouse films. These segments not only dominate the market but also embody the resilience and adaptability required to navigate the intricate challenges of modern agriculture. Their convergence offers a glimpse into a future where technology and tradition harmonize, fostering a sustainable and prosperous agricultural landscape.
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The Agriculture films Market Segments and Sub-Segments are Listed Below:
By Raw material
- Linear low-density polyethylene (LLDPE)
- Low density polyethylene (LDPE)
- High density polyethylene (HDPE)
- Ethyl vinyl acetate/ethyl butyl acrylate (EVA/EBA)
- Reclaims
- Others
By Application
- Mulch Films
- Transparent or clear mulches
- Black and other mulches
- Green house films
- Classic Green house
- Macro tunnel/Walking tunnel
- Silage films
- Silage Stretch wrap
Regional Status & Analysis
The Asia-Pacific region, with its large population and significant agricultural sector, experiences unique dynamics in the agriculture films market. Smallholder farmers form a substantial portion of the agricultural landscape. In this context, cost-effective and easily deployable films play a pivotal role in enhancing crop yields and food security. In North America, the market is driven by a strong emphasis on innovation and technology. The region has witnessed a surge in the adoption of advanced multi-layered films that cater to specific crop needs and climatic conditions.
Conclusion
The market’s future is promising and dynamic, driven by the convergence of technological innovation, sustainability imperatives, climate change adaptation, and shifting farming practices. As the world’s agricultural landscape evolves, agriculture films will evolve alongside it, playing an increasingly crucial role in ensuring food security, optimizing resource utilization, and supporting sustainable farming practices.
Frequently Asked Questions
>What is the projected outlook for agriculture films market growth?
Ans- The global market to surpass USD 19.99 billion by the year 2030. This growth trajectory is projected to follow a CAGR of 6.7% during the forecast period spanning from 2023 to 2030.
>What are the major factors influencing the agriculture films market?
Ans- The market is poised for robust growth due to a confluence of factors, including population dynamics, changing agricultural practices, climate resilience needs, and technological advancements.
>Who are the leading players in the agriculture films market?
Ans- AbRaniPlastOy, BP Industries, Trioplast Industries AB, Exxon Mobil Corporation, Group Barbier, Britton Group, BASF SE, Berry Global Inc, Novamont, Dow Inc, RPC Group PLC, Coveris Flexibles Austria GmbH.
Do you have any query regarding this research? Ask your Query @ https://www.snsinsider.com/enquiry/3006
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 forces model
- PEST Analysis
- Agriculture Films Market Segmentation, By Raw Material
- Agriculture Films Market Segmentation, By Application
- Regional Analysis
11 Company Profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion
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