Global Agricultural Films Market is projected to reach USD 10.94 Billion by 2023, at a CAGR of over 5% from 2018 to 2023 owing to the growing global population, increasing need for optimum agricultural productivity, and rising demand for and growing dairy industry. Based on application, the market has been categorized into Mulch Film, Greenhouse Film, and Silage Film.
Important elements of the Global Agricultural Films Market
The greenhouse film segment is projected to dominate the agricultural film market between 2017 and 2022 since greenhouse films protect crops from UV rays and offer durability. Based on type, the market has been categorized into LLDPE, LDPE, HDPE, Reclaim, EVA and Others.
The Linear Low-density Polyethylene (LLDPE) segment is projected to dominate the global agricultural films market during 2018-2923 owing to its innovative properties such as strength, moisture barrier, and resistance to sunlight. Based on region, the Asia Pacific region is projected to be a major market for agricultural film during 2018-2023 due to the rising population and the increasing demand for controlled agriculture in the region. Key players operating in the agricultural film market are BASF, Dow Chemical, and Grupo Armando Alvarez, among others.
Years considered for this report for Global Agricultural Films Market
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
The objective of the Study is to Global Agricultural Films Market
- To analyze and forecast the market size of the Agricultural Films Market, in terms of value and volume.
- To classify and forecast the Agricultural Films Market based on type, application, and regional distribution.
- To identify drivers and challenges for Global Agricultural Films Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Agricultural Films Market.
- To conduct the pricing analysis for Agricultural Films Market.
- To identify and analyze the profile of leading players involved in the manufacturing of the Agricultural Films Market.
Some of the leading players in the Agricultural Films Market are The DOW Chemical Company, BASF SE, RPC Group PLC, Berry Global Inc., Grupo Armando Alvarez, AB Rani Plast Oy, Trioplast Industrier AB, Coveris, Novamont S.P.A., Beijing Huadun Xuehua Plastics Group Co., Ltd., etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of the Agricultural Films Market using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience of Global Agricultural Films Market
- Agricultural Films Manufacturers
- Traders, Distributors, and Suppliers
- End-Users
- Raw Material Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.