Albany, NY -- (SBWire) -- 11/30/2017 --A new report, titled "Agricultural Films Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", from Transparency Market Research provides key insights into the global agricultural films market. The report states that the global agricultural films market is expected to expand at a CAGR of 7.6% during the forecast period from 2013 to 2019. In 2012, the global agricultural films market was worth more than US$5.8 bn and by 2019, it is expected to be valued at more than US$9.6 bn.
The rising demand for food is projected to drive the global agricultural films market. Moreover, the depleting amount of arable land will also boost the global agricultural films market. Protective films placed over soil, wrapped around fodder, or covered over greenhouses are known as agricultural films. These films offer a broad range of benefits. These include decreasing soil erosion and soil compaction, increasing soil temperature, providing nutrients, facilitating seed germination, protecting against UV rays, and controlling the growth of weeds. These advantages of agricultural films are adding to their popularity in the global scenario.
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The global agricultural films market will also benefit from the cost efficiency of these films over traditional farming techniques. In addition to this, the rising standards of farming around the world will also fuel the global agricultural films market. Nevertheless, the global agricultural films market will be suppressed by the disposal of waste and its adverse effect on the environment.On the basis of product type, the global agricultural films market is divided into low-density polyethylene (LDPE), reclaims, ethyl vinyl acetate/ethylene butyl acrylate (EVA/EBA), high-density polyethylene (HDPE), linear LDPE (LLDPE), and other films. The LDPE agricultural films segment holds the largest share of around 55% in the global agricultural films market. This segment is predicted to continue its dominance till the end of the forecast period.
Application-wise, the global agricultural films market is classified into silage, mulching, and greenhouse. Currently, the greenhouse segment dominates the global agricultural films market with a share of 40%. This application sector is poised for notable growth in the coming few years.According to geography, the global agricultural films market is segmented into the Middle East and Africa, China, Europe, Central and South America, North America, and Rest of Asia Pacific. Presently, China dominates the global agricultural films market. The Middle East and Africa region also holds a significant share in the global agricultural films market, due to the widespread presence of arid lands and deserts in this region.
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The rising demand from Asia Pacific for fruits and vegetables such as strawberries, cucumbers, and tomatoes is expected to drive this regional market in the global agricultural films market. Asia Pacific is expected to experience the fastest growth in the global agricultural films market during the forecast period.The key opportunities for players operating in the global agricultural films market are rising demand for biobased agricultural films and increasing commercialization of biodegradable PE films. The top players in the global agricultural films market are Trioplast, The Dow Chemical Company, Novamont, Group Barbier, ExxonMobil Chemical, Berry Plastics Corporation, BASF SE, and Armando Alvarez Group.
Agricultural Films Market CAGR to Grow at 7.6%