Global Agricultural Films Market Analysis & Trends - Industry Forecast to 2030
Agricultural Films: Market Size
From $16.4 billion in 2024, the global Agricultural Films market is projected to reach $29.9 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising adoption of biodegradable mulches, advances in recycling agricultural films and increasing popularity of EVOH films.
Global Agricultural Films Market: Market Dynamics
The strict government actions to reduce the use of pesticides for rising crop productivity and elevating demand for organic and natural food products drive the market growth. The increasing agricultural production and dairy industries have led to increasing demand for agricultural films for increasing productivity as these films minimize soil erosion by improving crop quality. The constantly rising demand for food has led to a surge in effective additives for plastics in agricultural applications. In addition, it has the capabilities of enhancing the productivity of the crops. Thus, growing demand for these films owing to their capabilities will bolster the healthy growth of the global agricultural films industry.
On the other hand, the stringent regulations over plastic use are likely to obstruct the profit boundaries. In addition, with increasing applications of films in tunnels, greenhouses, plastic reservoirs and irrigation systems, mulching, silage, and rising concerns about environmental pollution, several governments have framed their policies shifting towards eco-friendly solutions others will further boost the Agriculture films market.
Impact of COVID-19 on Agricultural Films
With the emergence of the Covid-19 pandemic, the market has been affected negatively during the initial stage; due to the global lockdown with heavy restrictions across the countries were imposed concerning controlling the spread of the infectious virus. With the global lockdown, the overall production was stopped, which has resulted in a negative growth rate. Moreover, with the opening of industries at the end of 2020, the agricultural films market is anticipated to witness positive growth in revenue during the coming forecast period.
By Application
Greenhouse Films Segment Dominate the Market in 2024
The greenhouse films segment made huge revenue in 2024, due to growing its prominence during the forecast period. As it is easy to maintain, affordable rates along with efficient light diffusion provide a prolonged growing season. The greenhouse films are used to shield the crops from rains, and wind as well as to regulate the internal temperature and prevent the temperature changes within the greenhouse during day and night. Additionally, due to the eco-friendly aspect which has contributed towards the protection of the environment. Countries across the world have realized the importance of greenhouses and are adopting them to increase the yield.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period, owing to the growing use of mulching agriculture films in the province and rapidly growing population. China is the major consumer of agriculture as they have high food production demand from the ever-growing population in the country. Favorable regulations over plastics use in boosting the market and are responsible for a dominant share of the province in the global market. Moreover, with the availability of arable land, in several countries such as India and China, the need for agricultural activities is increasing in the Asia Pacific market. Further, the government initiatives for promoting the use of green products in farming also have led to substantial growth of the market.
List of the Key Players Profiled in the Market Include: • Ab Rani Plast Oy
• Agriplast Tech India Pvt. Ltd.
• AL-PACK Enterprises Ltd.
• Anhui Guofeng Plastic Industry Co., Ltd.
• BASF SE
• Berry Global Inc.
• Groupe Barbier
• Grupo Armando Alvarez
• Industrial Development Company sal
• Kuraray Co., Ltd
• Novamont S.P.A
• Plastika Kritis S.A
• RPC Group Plc
• The Dow Chemical Company
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others