Published by Uma Rajagopal
Posted on February 16, 2022
A recent study of Fairfield Market Research offers an insightful overview of how the market for agricultural films has been shaping up along with the market growth forecast for the course of next few years. Initial findings of the research suggest that the agricultural films will continue to play a significant role in the entire process of crop protection, as well as soil protection that ultimately accounts for their enhanced productivity. Wide application in irrigation systems, greenhouses, silage, tunnels, mulching, and plastic reservoirs is expected to drive the growth of agricultural films market.
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The report also says that the market will gain significantly from the consistently shrinking arable land area, and growing inclination toward advanced technology, protected agriculture worldwide. While mulch films remain the most popular for crop protection application, greenhouse films follow. Silage films predominantly witness demand for application in packaging. Linear low-density polyethylene (LLDPE) is likely to remain the most sought-after raw material among manufacturers on account of its higher chemical and impact resistance, wide availability, economic cost, and excellent insulation properties.
Steady Adoption of Agricultural Films as Greenhouse Coverings Prevails
Sales of greenhouse coating/covering materials show no signs of plunging and will remain on a steady upswing with more nano greenhouses generating noteworthy demand with an objective of improved, and faster harvest. This is foreseen to be one of the contributing factors fuelling the performance of agricultural films market. Surging popularity of organic food products and ingredients, and heightening boom around plant-based food, especially across the developed western world represent the other key factors that are likely to contribute to agricultural film sales. There has been a lot of effort around the effective protection of fodder for any potential microbial action prevention, or risks of spoilage. This also according to the report will play out as an important factor giving a heavy push to existing demand for agricultural films.
Demand for Bio-based Agricultural Films Continues to Climb up
Manufacturers of agricultural films have been focused on mitigating the environmental concerns regarding the use of plastics. The global anti-plastic movement has been influencing the agriculture industry as well, thereby triggering material innovations in films. In a bid to be able to compensate for the situation created by improper disposal by a majority of farmers, film manufacturing companies are coming up with materials like high-performance biopolymers, and polyethylene resins. With the agriculture industry rapidly embracing the advantages of recyclable plastics, or completely biodegradable materials, it continues to receive strong support from governments which is likely to serve as the key booster to market growth across the various regions. In addition, increasing R&D investments will further uplift the prospects of bio-based materials in agricultural films market.
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Key Market Players in Global Agricultural Films Market
The report would provide in-depth financial and strategic profiling of Some of the most significant players operating in global agricultural films market. The competition landscape is majorly influenced by BASF SE, Berry Global Inc., Exxon Mobil Corporation, The Dow Chemical Company, Kuraray Co. Ltd., Armando Alvarez S.A., Ab Rani Plast Oy, Coveris, RKW Hyplast, Trioplast Industrier AB, Trioplast Industrier AB, Groupe Barbier, and Novamont S.p.A. constitute some of the leading companies in market. Among these companies, BASF SE continues to lead its way with a diverse portfolio that covers the widest range of films like mulching films, and silage films in addition to greenhouses.
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