Agricultural Films Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027

The global Agricultural Films Market is forecasted to be worth USD 14.96 Billion in 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing need for optimum agricultural productivity. The growing requirement for high-quality crops coupled with the rising disposable income of the consumers is forecasted to drive the growth of the industry over the forecast period.

The ability of agricultural films to enhance crop quality by reducing soil erosion and preventing the growth of weeds will surely drive the sales of the product. There is a growing usage of the Nano greenhouses across the world to increase the agricultural output and protect the crop from the adverse climatic condition, which is a contributing factor to the industry’s growth.

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

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Furthermore, the report provides a comprehensive overview of the Agricultural Films Market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

Regional Overview:

The global Agricultural Films market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Agricultural Films market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Competitive Outlook:

The global Agricultural Films market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Agricultural Films market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

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Key Highlights From The Report

In Jan 2017, AEP Industries Inc., a North American key manufacturer of flexible plastic packaging films, was acquired by Berry Global Inc., a key manufacturer of agricultural films, in order to remain competitive in the growing industry and to expand its product portfolio in the agricultural sector.
Linear Low-density Polyethylene (LLDPE) held the largest market share of 35.4% in 2019. The increasing population of the developing economies, coupled with the growing demand for food, has resulted in the high demand for the Linear Low-density Polyethylene in the APAC region.
The mulch film segment dominated the market with a share of 49.2% in 2019 due to its ability to maintain the temperature and water retention of the soil and restrain the growth of weeds.

Key participants include BASF SE, The RKW Group, Berry Global Inc., AB Rani Plast Oy, Kuraray Co. Ltd., RPC Group PLC, Trioplast Industrier AB, Coveris, Novamont S.P.A and Britton Group Limited, among others.

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Emergen Research has segmented the global Agricultural Films Market on the basis of Type, Application, and region: