Advertisement

Topics

Global Agricultural Films Market Segmented by Type, Application, and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1923

08:42 EDT 13 Jul 2018 | BioPortfolio Reports

The global agricultural films markets is expected to reach a market value of USD 11.97 billion by 2023, witnessing a CAGR of 6.8% over 20182023. AsiaPacific accounts for the majority market demand, led by China. It was the dominant regional market in terms of production and consumption and accounted for over 60% of global demand in 2013.


Accelerating Growth in Food Demand and Shrinking Farmland


The population is increasing exponentially across the globe and every day, nearly 200,000 people are getting added to the world food demand. According to United States Population Division, world's human population has increased nearly fourfold in the past 100 years and it is projected to reach 9.2 billion by 2050. On the other side, agricultural land is shrinking globally. Farmland per capita is anticipated to decrease from 2,200m in 2005 to 1800m in 2030.

Use of agricultural films increase the agriculture productivity by managing soil erosion, reducing weed spread, helping seed germination and development and protecting crops against ultra violet radiations. Agricultural films not only increase the production but are also helpful in reducing the use of agrochemicals. Due to their lower cost and higher benefits, agricultural films have become an integral part of modern farming. Nowadays, biobased films are also showing huge potential for market growth.


Mulching to Dominate the Market Growth


Mulching was the largest application of agricultural films and accounted for over 40% of the total market in the year 2013. Mulching involves putting a thin plastic film directly over the ground and/or the plants in their first stage of growth. Agricultural mulch films are used to control the crop growing conditions and enhance moisture in the soil. They smooth out variations in temperature and rain fall during the growing season. Mulch films find increased usage in highintensity agricultural farming. Major benefits derived from application of agricultural films in mulching are soil moisture retention, weed management, controlled leaching in fertilizer and improved crop quality, etc.


South America Also To Witness Rapid Growth


Rich tropical climate in South America is a boon for the agriculture land in the region. Demand for agricultural films in crop production is on the rise, due to the growing need for food security and expansion of the export markets in countries like Brazil and Argentina. The use of films in agriculture has seen a substantial growth over the last decade due to the need for intensive farming in the region. Mulching holds the biggest market share given the robust animal feed market in the region.

Brazil dominates all other South American countries in terms of market demand for agricultural films, followed by Argentina. Other countries comprising Mexico, Columbia, and Chile are expected to provide future market potential during the forecast period.


Key Players: AB RANI PLAST OY, BRITTON GROUP, BERRY PLASTICS CORPORATION, BASF SE, BRITISH POLYETHYLENE INDUSTRIES, EXXONMOBIL, DOW CHEMICALS, NOVAMONT, KURARAY, HYPLAST NV, AND TRIOPLAST AB


Reasons to Purchase this Report


The factors responsible for driving and constraining the market

Analyzing various perspectives of the market with the help of Porter's five forces analysis

Analysis on all the segments with conclusions

To have an understanding of the fastest growing or/and largest regions during the forecast period

For getting abreast of the latest developments, market shares and strategies employed by the major market players.

Future Outlook of the Market

3 months analyst support along with the Market Estimate sheet in excel. Customization of the Report

Countries of client's interest can be included in report based on feasibility of report.

Companies of client's interest can be included in report based on feasibility of report.

Original Article: Global Agricultural Films Market Segmented by Type, Application, and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1923

NEXT ARTICLE

More From BioPortfolio on "Global Agricultural Films Market Segmented by Type, Application, and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1923"

Advertisement
Quick Search
Advertisement
Advertisement

 

Relevant Topics

Food
Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...

GMO Crops
A genetically modified organism (GMO) is an organism whose genetic material has been altered using genetic engineering techniques. Organisms that have been genetically modified include micro-organisms such as bacteria and yeast, insects, plants, fish, an...