Agricultural Films Market Size By Application (Mulching, Green House, Silage), By Raw Material (LLDPE, LDPE, EVA, Reclaims, HDPE), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

Agricultural Films Market Size By Application (Mulching, Green House, Silage), By Raw Material (LLDPE, LDPE, EVA, Reclaims, HDPE), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

Global Agricultural Films Market is poised to gain significant momentum from 2022 to 2030, owing to the growing emphasis on increasing the agricultural yield and the surging demand for high-quality food items. The ongoing climate change and constant population growth are the root cause of several concerns including global food security. These concerns have encouraged farmers globally to introduce new techniques to increase crop yields and address the rising demand for food worldwide.

For instance, the U.S. Department of Agriculture has estimated that American farm yields accounted for about 0.6% share and contributed around USD 134.7 billion to the U.S. GDP in 2020. Besides, the growing health awareness and the subsequent rise in demand for organic food products have led to the expansion of organic farming areas, thereby fostering the demand for agricultural films over the next 8 years.

The agricultural fims market is classified into raw material, application, and region.

Regarding the raw materials, the ethylene vinyl acetate/ethylene butyl acrylate (EVA/EBA) segment is expected to be worth more than USD 1.5 billion by 2030. EVA/EBA films are used in a range of agricultural applications, such as greenhouses and covering tunnels, to provide superior resistance to degradation from chemical attacks or solar radiation. EVA agricultural films offer excellent weather resistance, durability, adhesion, and optical characteristics, these characteristics are poised to enhance their market share during the forecast period. In addition, the increasing utilization of these films in protecting soil, crop, and feed will support segment growth.

The agricultural films market share from the mulching application is anticipated to grow at around 4.5% CAGR from 2022 to 2030. The mulching technique involves covering the soil with films to maintain soil moisture and prevent the deterioration of crops and soil from contamination. The surging demand for fast-growing crops and higher yields due to escalating food security concerns will drive segment revenues over the next 8 years. Besides, the rising production of biodegradable films due to rising environmental concerns and escalating technological advancements will foster the adoption of mulching films.

Regionally, the Middle East & African agricultural films market is poised to witness a nearly 4.5% growth rate through 2030. The regional growth can be credited to adverse weather conditions and the limited availability of water resources and arable land, creating a huge demand and supply gap. The rapid population growth and the rising demand for food will accelerate industry growth in the coming years. People's diets in the MEA region hugely rely on livestock, cereal, vegetables, and fruits, creating new growth prospects for the agricultural films industry across the Middle East and Africa.