Agricultural Films Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Low-Density Polyethylene, High-Density Polyethylene, Linear Low-Density Polyethylene, Others), By Application (Silage, Greenhouse, Mulching, Others), And By Geography - Forecasts From 2020 To 2025
Published:  Nov 2021 Report Code: KSI061613899 Pages: 120

The agricultural films market is projected to witness a compound annual growth rate of 5.58% to grow to US$13.561 billion by 2026, from US$9.276 billion in 2019. Agricultural films have been made and produced from various types of materials that have been known for their utmost imperativeness in the farm and agricultural sector, worldwide. These materials are used in the enhancement of crop productivity. The market is expected to surge in the coming year due to the rise in the global demand for high-quality food and agricultural products, rapid urbanization, which has led to a decline in arable land/per capita, worldwide, and other related factors. Per the Food and Agriculture Organization, the world is expected to produce around 60% more food by the year 2050, to feed a population of around 9.3 billion.  The growth in the development of the greenhouse is also expected to play a major role in the market growth, in the coming years. Several firms and corporations have been making significant developments in the market, in the past few years. For instance, in October 2021, ExxonMobil, one of the key market players, announced the launch of two novel grades of PE, which is also known as polyethylene, for agricultural and greenhouse applications. The company has named the two models Exceed XP 7021 and Exceed XP 7052. These development and trends are expected to play a major role in the market growth in the coming years.

The rise in the development of greenhouse farms

The demand for agricultural films is expected to surge in the coming years, due to the rise in the development of greenhouse farms, worldwide. With the decline in the arable land/per capita, due to the growing urbanization, agricultural growers and producers have been looking at alternatives and have been adopting the latest technologies. Per the data by the World Bank and FAO, the global arable land/per capita is expected to be around 0.19 hectares by 2050, down from 0.42 hectares in 1960. Also, the changing climatic conditions during traditional and orthodox farming have led to the adoption and growth of greenhouses which is further fueling the market growth. Globally, over 55% of the world’s population is residing in urban areas, while in 1950 this was close to 1/3rd of the world’s population. This trend is expected to continue over the next couple of decades with and by 2050, 68% of the world’s population is projected to be urban. The increase in the greenhouses has led to the growing adoption of agricultural films, with several players making a considerable impact on the demand growth. For instance, Agriplast has been producing and manufacturing plastic films for the Italian horticultural and agricultural industry. The company has also been producing recycled films for greenhouses.

COVID-19 Insights

The market for agricultural films had been growing at a significant pace before the pandemic due to the rise in the adoption of innovations in agriculture for improving productivity. However, the COVID-19 pandemic completely changed the market scenario and the demand for agricultural films declined over the short term. The governments around the world implemented trade restrictions which led to supply chain disruptions in the ecosystem of the agricultural film. Furthermore, the consumption of meat slumped which led to a decline in the demand for animal feed as well. This led to reduced demand for agricultural films for silage application. Moreover, the economic slowdown and financial uncertainties among the farmers arose due to pandemics, impacting the market as well. Thus, the projection for the agricultural films market in the COVID-19 scenario is slightly revised downwards.

Agricultural Films Market Scope:

Report Metric Details
 Market size value in 2019  US$9.276 billion
 Market size value in 2025  US$13.030 billion
 Growth Rate  CAGR of 5.83% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Ab Rani Plast Oy, BASF SE, RPC bpi group, The Armando Alvarez Group of Companies, Berry Global Inc., Groupe Barbier, Exxon Mobil Corporation, RKW Group, The Dow Chemical Company, Trioplast Industrier AB, Kuraray Europe GmbH, Coveris, PLASTIKA KRITIS, Henan Yinfeng Plastic Co. Ltd., INDEVCO
 Customization scope  Free report customization with purchase

Key Market Segments

  • By Type
    • Low-density polyethylene
    • High-density polyethylene
    • Linear low-density polyethylene
    • Other Types
  • By Application
    • Silage
    • Greenhouse
    • Mulching
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Africa
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the agricultural film market size by 2025?
A1. The global agricultural film market is projected to reach a total market size of US$13.030 billion in 2025.
 
Q2. What are the growth prospects for the agricultural film market?
A2. The agricultural film market is projected to grow at a CAGR of 5.83% during the forecast period.
 
Q3. What is the size of the global agricultural film market?
A3. The Agricultural Film market is evaluated at US$9.276 billion for the year 2019.
 
Q4. What factors are anticipated to drive the agricultural film market growth?
A4. The burgeoning requirements of yield optimization coupled with a significant increase in the demand for superior quality crops are some of the additional factors that are projected to amplify the demand for agricultural films in the next five years.
 
Q5. Which region holds the largest market share in the agricultural film market?
A5. By Geography, the Asia Pacific region is projected to hold a significant share in the agricultural film market as it is heavily dependent on the agriculture sector.
1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. AGRICULTURAL FILMS MARKET BY TYPE 
5.1. Introduction
5.2. Low-density polyethylene
5.3. High-density polyethylene
5.4. Linear low-density polyethylene
5.5. Other Types

6. AGRICULTURAL FILMS MARKET BY APPLICATION 
6.1. Introduction
6.2. Silage
6.3. Greenhouse
6.4. Mulching
6.5. Others

7. AGRICULTURAL FILMS MARKET BY GEOGRAPHY 
7.1. Introduction
7.2. North America 
7.2.1. North America Agricultural Films Market, By Type
7.2.2. North America Agricultural Films Market, By Application
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America 
7.3.1. South America Agricultural Films Market, By Type
7.3.2. South America Agricultural Films Market, By Application
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe 
7.4.1. Europe Agricultural Films Market, By Type
7.4.2. Europe Agricultural Films Market, By Application
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Others
7.5.  Middle East and Africa
7.5.1. Middle East and Africa Agricultural Films Market, By Type
7.5.2. Middle East and Africa Agricultural Films Market, By Application
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6.  Asia Pacific 
7.6.1. Asia Pacific Agricultural Films Market, By Type
7.6.2. Asia Pacific Agricultural Films Market, By Application
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Others

8.  COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES
9.1. Ab Rani Plast Oy
9.2. BASF SE
9.3. RPC bpi Group
9.4. The Armando Alvarez Group of Companies
9.5. Berry Global Inc.
9.6. Groupe Barbier
9.7. Exxon Mobil Corporation
9.8. RKW Group
9.9. The Dow Chemical Company
9.10. Trioplast Industrier AB
9.11. Kuraray Europe GmbH
9.12. Coveris
9.13. PLASTIKA KRITIS
9.14. Henan Yinfeng Plastic Co. Ltd.
9.15. INDEVCO

Ab Rani Plast Oy

BASF SE

RPC bpi Group

The Armando Alvarez Group of Companies

Berry Global Inc.

Groupe Barbier

Exxon Mobil Corporation

RKW Group

The Dow Chemical Company

Trioplast Industrier AB

Kuraray Europe GmbH

Coveris

PLASTIKA KRITIS

Henan Yinfeng Plastic Co. Ltd.

INDEVCO

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