Albany, NY -- (SBWIRE) -- 03/16/2016 -- Transparency Market Research (TMR) has announced the publication of a new market study based on the global agricultural films market. Valued at US$5.8 bn in 2012, the global agricultural films market is expected to rise to a value of US$9.6 bn by 2019, according to the report. Titled "Agricultural Films Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global agricultural films market report forecasts a CAGR of 7.6% for the market during the period 2013 and 2019.

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Agricultural films are protective films that are placed over soil or fodder and also used to cover greenhouses. They are manufactured using polyvinyl chloride (PVC), polyethylene (PE), ethylene vinyl alcohol polymer (EVOH), and others. The reason for using agricultural films is the array of benefits they have to offer, from decreasing soil erosion and soil compaction to providing nutrients, increasing the soil temperature, facilitating seed germination, controlling weed growth, and protecting against UV rays. These advantages of agricultural films have boosted the global agricultural films market.

The depleting amount of farmable land is one of the major factors contributing to the growth of the global agricultural films market. Moreover, the rising standards of agriculture are promoting the use of agricultural films, thus impacting the market positively. The superior cost efficiency of agricultural films over traditional farming techniques is also one of the drivers for the global agricultural films market. However, the waste that agricultural films lead to, along with their adverse effect on the environment, may suppress the global agricultural films market, says the report.

The report segments the market for agricultural films based on application, product, and region. By product, the market is segmented into the following types: LDPE, LLDPE, HDPE, ethyl vinyl acetate, ethylene butyl acrylate, and reclaims. Out of these, LLDPE is estimated to expand at a CAGR of 5.9% from 2013 to 2019, and according to the report, LLDPE and LDPE together held a share of 78% in the global agricultural films market in 2012. The consumption of reclaimed agricultural film is anticipated to reach 315 kilo tons by 2019.

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By application, the global agricultural films market is segmented into silage, greenhouse, and mulching, out of which 85% of the market was captured by the mulching and greenhouse applications in 2012. According to the forecast, the greenhouse application segment is anticipated to reach a value of 2,768 kilo tons by 2019, and the mulching and silage applications are expected to expand at a CAGR of 5.7% and 5.4%, respectively, for the period between 2013 and 2019.

China is expected to exhibit the fastest growth, displaying a CAGR of 6% from 2013 to 2019. In terms of revenue, the Middle East and Africa market is expected to reach US$920 mn by the end of 2019.

Companies leading the global agricultural films industry profiled in the report are: Trioplast, AEP Industries, Britton Group, Armando Alvarez, Berry Plastics, British Polyethylene Industries, BASF, ExxonMobil, Dow Chemicals, Novamont, Kuraray, Hyplast NV and Ab Rani Plast Oy.

Key Segments of the Global Agricultural Films Market

Segmentation by Product Type
-LDPE
-LLDPE
-HDPE
-Ethyl Vinyl Acetate
-Ethylene Butyl Acrylate
-Reclaims

Segmentation by Application
-Mulching
-Greenhouse
-Silage

Segmentation by Region
-North America
-Europe
-China
-Rest of Asia Pacific
-The Middle East and Africa
-Central and South America

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