Agricultural Films Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Agricultural Films Market
The agricultural films market size was valued at USD 11.28 billion in 2023, and the market is now projected to grow from USD 11.96 billion in 2024 to USD 19.66 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the deliver chain of plastics crucial for agricultural movie manufacturing, impacting marketplace increase because of plastic processors' shutdowns. A survey with the aid of MAPP highlighted processors' shift to medical, pharmaceutical, and meals industries, affecting the rural movie supply chain. Travel regulations and reduced downstream call for exacerbated deliver-demand imbalances, however healing has begun submit-2021 with economies reopening and strategic interventions from key enterprise gamers.
The worldwide population's projected boom by means of 2 billion over the next 30 years is riding heightened agricultural production to fulfill meals needs. Rising disposable incomes in growing countries are fueling dietary shifts, similarly boosting global food necessities. Conventional agricultural practices' effect on soil nutrient degrees has spurred adoption of innovative techniques geared toward improving yields sustainably. These developments underscore the significance of advancing agricultural methods to make certain meals security amidst developing worldwide population pressures.
The increasing adoption of biodegradable films, aimed toward mitigating environmental and fitness risks posed through conventional films, is using market growth. With plastic mulch films contributing substantially to agricultural plastic waste, the demand for biodegradable options is on the upward thrust. Biopolymers are being leveraged to create solid sheets for agricultural use, enhancing crop best, water efficiency, weed manage, and lowering chemical inputs. This trend reflects a developing preference for sustainable farming practices, propelling the increase of the biodegradable movies marketplace.
Comprehensive Analysis of Agricultural Films Market
The agricultural films market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by material and by application . By material include, LDPE, LLDPE, HDPE, EVA/EBA, reclaims, and others. By application include, greenhouse, mulching, and silage.
The Asia Pacific region lead the agricultural films market share by benefitting a market size of USD 6.07 billion in 2023 due to growing use of mulching & greenhouse films.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Rani Plast, Armando Alvarez, BASF SE, Berry Global Inc., Kuraray Co., Ltd., Coveris, rkw Group, Trioworld Industrier AB, Exxon Mobil Corporation, Groupe Barbier, and Novamont S.p.A. these market players provide a level-playing competitive landscape.
In March 2023, Rani Plast and eight other progressive companies have announced a collaboration on a novel nation-wide recycling collection system aimed at reducing challenges in disposing of used agricultural plastic.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.3% from 2024 to 2032
Unit Volume (Kiloton), Value (USD Billion)
Segmentation By Material
- LDPE
- LLDPE
- HDPE
- EVA/EBA
- Reclaims
- Others
By Application
- Greenhouse
- Mulching
- Silage
By Geography
- North America (By Material, By Application, By Country)
U.S. (By Application)
Canada (By Application)
- Europe (By Material, By Application, By Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Rest of Europe (By Application)
- Asia Pacific (By Material, By Application, By Country)
China (By Application)
India (By Application)
Japan (By Application)
ASEAN (By Application)
Rest of Asia Pacific (By Application)
- Latin America (By Material, By Application, By Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
- Middle East and Africa (By Material, By Application, By Country)
Middle East (By Application)
Africa (By Application)