San Francisco, 21 February 2019: The Report Agricultural Films Market Analysis By Raw Material (LDPE, LLDPE, HDPE, EVA/EBA,
Reclaims), By Application (Green House, Mulching, Silage) And Segment Forecasts
To 2024
The global agricultural films market is expected to reach USD 13.85 billion by 2024, according
to a new report by Grand View Research, Inc. Growing population is anticipated
to exert pressure on agricultural productivity. These films are used to enhance
the productivity and improve crop quality by minimizing soil erosion, providing
nutrients, and suppressing weed growth. They are primarily made of
polyethylene. Growing consumer disposable income coupled with the rising
high-quality crops demand is anticipated to drive the market growth over the
forecast period.
Depleting arable land is expected to impact
market growth positively over the next eight years. Protective films are placed
over soil, covered over greenhouses and wrapped around fodder. Various benefits
offered by agricultural films including reducing the risk of seed germination,
decreasing soil compaction, raising soil temperature, providing nutrients, and
protecting against UV rays. These advantages are expected to raise product
demand in near future.
Agricultural films for green house
dominated the global demand and accounted for 42.9% of total revenue in 2015.
This trend is anticipated to continue over the forecast period on account of
rising demand from emerging economies such as China and India.
Access Research Report of Agricultural Films Market @ www.grandviewresearch.com/industry-analysis/agricultural-films-market
Further key findings from the report suggest:
· The global agricultural films market demand
5.15 million tons in 2015 and is expected to reach 8.28 million tons by 2024,
growing at a CAGR of 5.4% from 2016 to 2024
· Linear low-density polyethylene (LLDPE) was
the major raw material segment in 2015 and is expected to reach a market worth
USD 7.29 billion by 2024, growing at a CAGR of 8.0% from 2016 to 2024. The high
growth may be attributed to the growing demand for these films in Asia Pacific.
· Low-density polyethylene (LDPE) is
projected to grow at a CAGR of 7.3% from 2016 to 2024. The high growth may be
attributed to their use in agriculture areas with harsh climatic conditions and
limited water supply.
· Asia Pacific was the leading consumer and
accounted for 70.1% of global revenue in 2015 owing to rising consumer
disposable income coupled with favorable government initiatives in the
agriculture sector.
· Major companies operating in the global
agricultural films industry include AB Rani last Oy, AEP Industries, Al-Pack
Enterprises, BASF, Berry Plastic Group, Inc., British Polyethylene Industries
PLC, Novamont S.PA, RKW and Triplast Industrier AB.
Browse more reports of this category by Grand View Research
at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
agricultural films market on the basis of raw material, application and region:
Global Agricultural Films Raw Material
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Low density polyethylene (LDPE)
·
Linear low density polyethylene (LLDPE)
·
High density polyethylene (HDPE)
·
Ethyl vinyl acetate/ ethyl butyl acrylate
(EVA/EBA)
·
Reclaims
·
Others
Global Agricultural Films Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Green house
·
Mulching
·
Silage
Global Agricultural Films Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Agricultural Films Market@ www.grandviewresearch.com/press-release/global-agricultural-films-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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