Pune, India -- (SBWIRE) -- 06/13/2018 -- Agriculture Films Market – Market Overview
Agricultural films are specifically made to perform in extreme and uncertain weather conditions to eliminate the weed growth around the crop. Increasing pressure on the farmers to attain the high agriculture yield, increasing population linked with the rising disposable income, technological developments in the field of agriculture are prime growth driving factors in this market. Moreover, growing greenhouse agriculture in the specific region such as Asia Pacific to play crucial role in the while developing the growth of his market.
Regional Overview
Asia Pacific single handily driving the global market and has acquired largest global market share as of 2016. The region has a presence of one of most promising agriculture economies i,e. India, which has been the major key focused market for agriculture industry players. China is also an agriculture defendant economy and is also providing a healthy gains for the growth of this market. As compared to Asia Pacific, North America and Europe are the stagnant markets and are expanding ate relatively lower growth rate.
Competitive Landscape
The global agriculture films market consists of established chemical industry players which have been driving the growth of this market through market strategies. The market as a whole represents significant growth which is directly proportional to the growth of agriculture industry. The major players profiled in this market are The DOW Chemical Company, ExxonMobil Corporation, BASF SE, British Polythene, Inc, Grupo ArmandoAlvarez, Beery Plastic Group nc, Henan Yinfeng, Plactic Co, Britton Group, and Trioplast Industries AB. The major industry players are adopting the expansion as a key market strategy to penetrate in to global market and to exploit the growth offered by this market. As per our analysis, uncertain environmental changes expected to drive the industry competition globally. Established players in this market to offer supreme competitor to new industry players and eliminate the entry. Market alliances activities to a support the market growth in undeveloped geographies while tapping the non-addressed markets.
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Industry news
May 16, 2017- Covestro expanded the production capacity of polycarbonate in China.German based material producer company Covestro has announced the production capacity expansion in its Shanghai based plant. Earlier they have been producing the polycarbonate 400,000 tons per and with the additional capacity they will be producing the overall production of 600, 000 tons per year. The expansion activity is undertaken as a result of the strong customer demand and debottlenecking of production lines. The proposed production will comes in 2019. As polycarbonate films and sheets have significant applications in agriculture, therefore the expansion likely to offer growth factors n the coming years.
Jun 1, 2016 – Transilwrap Company Inc. completed the acquisition of the Dow Chemical's specialty films business. The U.S. based producer, distributor as well as converter of specialty films has announced the acquisition of the Dow Chemical's specialty films business by eyeing the ongoing growth for these films in healthcare, applications, packaging, point-of care purchase application. The company has been looking to penetrate the specialty films products in abovementioned markets and Dow Chemical's more than 50 years of expertise in specialty films will avail, Transilwrap Company Inc while gauging the industry demand and to cater accordingly. Such collective efforts to cater increased demand for specialty films is expected to offer further growth aspects agriculture industry and may develop new product innovation over the forecast period.
August 5, 2016 - British Polythene Industries PLC, was acquired by RPC Group, a foremost supplier as well as producer of polythene films. The company has 19 manufacturing films across the Europe and North America and has proven reputation in polythene films market. Its acquisition expected to help RPC group, creating broad product portfolio and established market supply chain. BPI has a broad product portfolio of customers across the wide range of markets which will enable RPC group while providing the product offering in specific markets. BPI's established market image will be additional benefits for RPC group and likely to enhance their organizational growth.
January 26, 2016 – Covestro one of popular polycarbonate films producer has made a significant investment in the polycarbonate films production. The investment has been undertaken at Germany based plant which is of USD 20 million. The major reason behind this investment is, Covestro is building a co-extrusion plant to manufacturing flat films and the investment supposed to drive the proposed plant. With the target market of automotive, agriculture, medical and security cards, they have been developing the flat polycarbonate films and likely to develop diverse series of products. The overall impact of this investment expected to be seen in carting the specific requirement by the consumers in the specific agriculture applications.
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