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 2021 To 2026
- Published : Jan 2022
- Report Code : KSI061613899
- Pages : 150
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, and 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.
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.
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:
|Market size value in 2019||US$9.276 billion|
|Market size value in 2026||US$13.561 billion|
|Growth Rate||CAGR of 5.58% from 2019 to 2026|
|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|
- By Type
- Low-density polyethylene
- High-density polyethylene
- Linear low-density polyethylene
- Other Types
- By Application
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the agricultural films market size by 2026?
A1. The global agricultural film market is projected to reach a total market size of US$13.561 billion in 2026.
Q2. What are the growth prospects for the agricultural films market?
A2. The agricultural film market is projected to grow at a CAGR of 5.58% during the forecast period.
Q3. What is the size of the global agricultural films market?
A3. Agricultural Films Market is evaluated at US$9.276 billion for the year 2019.
Q4. What factors are anticipated to drive the agricultural films market growth?
A4. The agricultural films market is expected to surge in the coming years, due to the rise in the development of greenhouse farms, worldwide.
Q5. How is the global agricultural films market segmented?
A5. The agricultural films market has been segmented by type, application, and geography.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
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
5.2. Low-density polyethylene
5.3. High-density polyethylene
5.4. Linear low-density polyethylene
5.5. Other Types
6. AGRICULTURAL FILMS MARKET BY APPLICATION
7. AGRICULTURAL FILMS MARKET BY GEOGRAPHY
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
184.108.40.206. United States
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
7.4.1. Europe Agricultural Films Market, By Type
7.4.2. Europe Agricultural Films Market, By Application
7.4.3. By Country
220.127.116.11. United Kingdom
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
18.104.22.168. Saudi Arabia
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
22.214.171.124. South Korea
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
9.13. PLASTIKA KRITIS
9.14. Henan Yinfeng Plastic Co. Ltd.
Ab Rani Plast Oy
RPC bpi Group
The Armando Alvarez Group of Companies
Berry Global Inc.
Exxon Mobil Corporation
The Dow Chemical Company
Trioplast Industrier AB
Kuraray Europe GmbH
Henan Yinfeng Plastic Co. Ltd.
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