Agricultural Films Market - By Application (Mulching, Green House, Silage), By Raw Material (LLDPE, LDPE, EVA, Reclaims, HDPE), By Region & Global Forecast, 2023 – 2032

Agricultural Films Market - By Application (Mulching, Green House, Silage), By Raw Material (LLDPE, LDPE, EVA, Reclaims, HDPE), By Region & Global Forecast, 2023 – 2032

Agricultural Films Market Size

Agricultural Films Market size exceeded a valuation of USD 11 billion in 2021 and is anticipated to record around 4.5% CAGR from 2022 to 2030. Escalating organic farming practices to drive global market expansion through 2030.

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Mounting demand for high-quality food crops backed by the massive rise in world population and a dramatic shift in dietary preferences is seen as a leading factor stimulating the demand for agricultural films. The improving economic landscape and rising disposable incomes have surged the requirement for more nutritious food products.

Plastic agricultural films lead to severe environmental degradation and increase pollution levels. In addition, several recyclability issues associated with these films may impede industry growth through 2030. However, the growing health concerns and the subsequent rise in organic farming practices, driven by the burgeoning demand for organic food grains, vegetables, and fruits, are expected to stimulate the agricultural films market outlook throughout the projection period.
 

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Agricultural Films Market Analysis

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In terms of raw materials, agricultural films market is classified into low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), ethylene vinyl acetate/ethylene butyl acetate (EVA/EBA), reclaims, and others.

Low-density polyethylene (LDPE) segment was worth more than USD 2.5 billion in 2021 and is predicted to witness an over 4.5% growth rate through 2030. LDPE films boast exceptional chemical, moisture, and temperature resistance and have superior water-repellant and insulation properties. These films are widely recyclable and are relatively more economical and cost-effective than their counterparts. In addition, increased clarity and ease of use associated with LDPE agricultural films may propel their market share over the next 8 years.

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Based on application, the agricultural films market is divided into the greenhouse, mulching, and silage. The agriculture films industry from silage application is anticipated to grow substantially and garner revenues worth over USD 2 billion by 2030. The rising health awareness and the increasing uptake of meat and meat-based products due to their high nutritional quotient may augment the sales of agricultural films. These films help maintain the nutritional significance of the content while inhibiting the unwanted fermentation processes. Besides, the increasing animal husbandry practices and the capability of silage films to prevent spoilage may drive segment expansion.

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Asia Pacific agricultural films market was valued at over USD 7.5 billion in 2021 and is likely to depict more than 5% CAGR from 2022 to 2030. The constant population growth and the accelerating pace of urban migration in countries such as India have significantly pushed the demand for food across the region. The introduction of new agricultural techniques has created new prospects for agricultural growth, thereby supporting the regional industry. Additionally, the positive economic outlook and the expanding health-conscious populace may back the agricultural films industry in the Asia Pacific.

Agricultural Films Market Share

Notable players in the agricultural films market include

• Armando Alvarez
• BASF SE
• Berry Global
• Barbier Group Inc
• Ab Rani PlastOy
• ExxonMobil Chemical
• Kuraray Co., Ltd.
• RKW Hyplast NV.
• Novamont
• The Dow Chemical Company
• PolyExpert

These companies have been emphasizing on the utilization of environmentally friendly products and approaches to mitigate ongoing ecological concerns while meeting the requirements of the widely expanding consumer base.

Impact of COVID-19 Pandemic

The COVID-19 pandemic had a varied impact on the global market. The lockdown implications that were put in place due to accelerating viral transmission resulted in supply chain disruptions and panic buying, leading to the skyrocketing prices of food materials. This, in association with the changing socio-economic demographics, limited food consumption in low and middle-income households. The accumulated surplus due to movement restrictions and avoidance of social contact put a strain on storage facilities, thus resulting in the loss of highly perishable food items, restricting industry size.

However, on the other hand, frozen, canned, and non-perishable food items recorded appreciable sales during the pandemic due to their longer shelf life, which predominantly supported the market expansion through the pandemic. With the global economy recouping its path to recovery, the industry seems to witness significant growth in the future.

The Agricultural Films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2017 to 2030 for the following segments

By Raw Materials

• Low-density Polyethylene (LDPE)
• Linear Low-density Polyethylene (LLDPE)
• High-density Polyethylene (HDPE)
• Ethylene Vinyl Acetate/Ethylene Butyl Acrylate (EVA/EBA)
• Reclaims
• Others

By Application

• Green House
• Mulching
• Silage

By Region

• North America 
  • U.S
  • Canada
  • Mexico
• Europe 
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Russia
• Asia Pacific 
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
  • Thailand
• Latin America 
  • Brazil
• Middle East and Africa 
  • Saudi Arabia
  • UAE
  • South Africa