Agricultural Films Market Analysis With Key Players, Applications, Trends and Forecasts 2023-2033

New York, United States, Mon, 31 Jul 2023 06:07:52 / Comserve Inc. / -- The agricultural films market is anticipated to notice an attainable high CAGR of 6% during the forecast period, i.e., 2023-2033.

Agricultural Films Market delivers a detailed overview of the agricultural films market in terms of market segmentation by type, by application, and by region.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.

Agricultural Films Market Statistics –

• USD 12 billion in revenue in 2022
• The market size is projected to record a valuation of over USD 18 billion by 2033
• The agricultural films industry is slated to observe a 6% growth rate through 2023-2033

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Agricultural films are consumed expansively for soil safety, greenhouse farming, and mulching. The profit derived include abridged soil erosion and compaction, temperature control, nutrient preservation, seed germination, weed control, and protection against harmful UV rays.

The agricultural films market is anticipated to notice an attainable high CAGR of 6% during the forecast period, i.e., 2023-2033. The market is segmented by type, application, and region. Among product applications, the mulch film segment accounted for the major market share in the agricultural films market. The influence of agricultural films on the protection of soil and the indirect effect on crop owing to soil moisture conservation and decrease in weed growth is driving the adoption of mulching using films as a standard practice in progressive agriculture. The popularity of greenhouse films in agriculture is projected to help the market to retain a high growth over the forecast period and the silage segment is estimated to have a greater market potential owing to its beneficial properties.

The Asia-Pacific region is expected to grow significantly by dominating the major market share, led by the developing countries in the region that are very reliant on agriculture. This growth is majorly attributed to strong government support through subsidies, policies, and schemes, climbing import & export situations, growing populace, agro-climatic conditions, and a high section of available agricultural land in countries such as China, Japan, and India.

Regionally,  the agricultural films market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America is estimated to account for the majority of global consumption of agricultural films whereas Europe is projected to hold a strong position in the market in terms of the majority of manufacturers based in the region.

The market in the Middle East and African regions is also likely to witness significant growth opportunities mostly on account of strong government support policies.

According to a recent study by Research Nester, the agricultural films market size is anticipated to surpass USD 18 Bn by 2023 and is projected to expand at a CAGR of over 6% from 2023 to 2033.

Major players include in the global agricultural films market :

• Dow (NYSE: CTA-B),
• Berry Global,
• RKW Group,
• Trioplast Industrier AB,
• Ab Rani Plast Oy,
• RPC BPI Agriculture,
• Grupo Armando Alvarez,
• Kuraray (TYO: 3405),
• Coveris,
• BASF SE (ETR: BAS).

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Growing demand for high crop production to boost the global agricultural films market

Budding awareness for good well-being also upsurges the demand for organic food products, subsequently leading to the growth of the global agricultural films market.

Additionally, improvement in productivity and yield, rise in costs of pesticides and fertilizers, increase in the global population, a rapid progression in the use of microbial seed treatment yields, and easier residue management has also contributed towards the market growth significantly.

However, the high installation charge concerning agricultural films, accompanied by a disrupted supply chain, and the environmental concerns raised regarding the consumption of plastic while manufacturing the films, are some of the key restraints that might posses a threat to the growth of the global agricultural films market.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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