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What are the Factors Propelling the Growth of Agricultural films?

agricultural films market

The agricultural films market registered a CAGR of over 4.0% during 2013 to 2017. Gains continue to remain driven by the introduction of innovative and eco-friendly products in the agriculture films industry, along with the constantly growing demand for food. Agricultural films sales in 2018 surpassed revenues worth US$ 9 Bn, and is estimated to record a Y-o-Y growth at over 5% in 2019.

A recent surge in the legalization of marijuana and hemp has directly influenced the demand for agricultural films. The legalization of recreational marijuana in Canada, hemp cultivation in the US, and intense progressivism for medical marijuana across Europe, are collectively expected to create lucrative opportunities for agricultural films industry players. Plastic mulch is finding widespread adoption in the cultivation of hemp and marijuana, owing to their affordability and effectiveness in improving the crop yield.

Responding to the environmental abuse of plastic, administrative authorities worldwide are issuing stringent guidelines for use of the material across industries. As technological headways continue to succor the development of eco-friendly and biodegradable films, lucrative opportunities are imminent for players in the agricultural films market. Manufacturers in the agricultural films market are directing their efforts towards the development and launch of eco-friendly products, to capitalize on the burgeoning demand.

Agricultural films incorporated with insecticides and pesticides are gradually gaining traction, alongside advancements in nanotechnology that underpin agricultural films market players in commercializing the production of pesticide or insecticide-releasing variants.

Plasticulture has emerged as a boon for the agricultural films market players, in light of their cost-effective nature. Reduced water wastage, prevention of soil erosion, and crop protection from external contaminants, are key benefits of the agricultural films driving their sales. Plasticulture is being eyed as an effective solution to cater the global food demand, while minimizing the expenses incurred for cultivation.

Introduction of agriculture film laying machines has enabled time-effective and effortless laying down of films on a large scale. Growing competition in the area is expected to uphold agricultural films sales, with film laying machine manufactures introducing cost-effective and high-performance models to consolidate their position in the market.

Robust Demand for LDPE in Mulch Production to Prevail

Adoption of low-density polyethylene continues to remain robust, driven in part by demand in mulch plastic films manufacturing. High impact, chemical, and temperature resistance, are key attributes driving sales of low-density polyethylene in mulch plastic films production.

In addition, the highly recyclable and cost-effective nature of the low-density polyethylene, in line with growing popularity of mulch plastic films in intensive vegetable production systems allude promising growth prospects for the agricultural films market.

Demand for silage, greenhouse, and other plastic films is also expected to surge, with the widening gap between food demand and supply. Agricultural films manufactured using materials such as HDPE, LLDPE, PE, engineering plastics are estimated to witness a surge in the demand, abreast constant search of farmers for advanced and novel technologies that boost productivity.

An overview of the global plastic production is provided at the beginning of the chapter. The ensuing segments in the chapter shed light on the type of plastics available, their applications, and functional properties. Additionally, a comprehensive analysis of the polymer resin pricing trends on the basis of different types of polymers has been included in the chapter. Along with the detailed overview of the plastic market, the chapter also provides an assessment of the agriculture sector highlighting key investment and production trends in the industry around the world. A comprehensive analysis of the value chain analysis of agriculture film products has also been included in the chapter. A comprehensive assessment of all the key market dynamics and their impact on the agriculture films market performance have been provided towards the end of the chapter.

The report on agricultural films market commences with an executive summary which provides brief yet affluent information about the agricultural films market. All the key highlights of the agricultural films market in terms of facts and figures have been provided in the chapter. An overview of the demand-supply trends in addition to the key technological innovations in the agricultural films market has been provided in the chapter. Further, the chapter includes exclusive recommendations from seasoned Fact.MR analysts.

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