Reportocean.com have announced the addition of a new report titled “Global Greenhouse Film Market Research Report Forecast to 2026”
Ghaziabad, India -- (SBWIRE) -- 11/08/2019 -- Based on the latest insights in the report title "Greenhouse Film Market Share, Size, Trends & Analysis Report, By Resin Type (Low Density Polyethylene, Linear Low-Density Polyethylene, Polyvinyl Chloride), By Width (4.5M, 5.5 M, 7M, 9M), By Thickness, By Application, By Regions: Segment Forecast, 2019 – 2026", by Report Ocean, the global greenhouse film market is estimated to reach USD 8.3 billion by 2026 growing at a CAGR of 9.8%.
The greenhouse film market explains the various market matrix by analyzing the market determinants in a form of market drivers, opportunities, challenges and market restraints. The market trends explain the current market situation. To explain the market scenario in detail, the global greenhouse film market is segmented into various groups and sub-groups. The segments are as follows:
- Based on Type
- Based on Width
- Based on Thickness
- Based on Application
The global greenhouse film market growth is supported by various market drivers and some major market determinants are enhanced crop quality due to adoption of greenhouse films, government support due to various benefits provided by greenhouse films and less usage of water on crop cultivation under these films is one of them. Some of the secondary market drivers that are impacting the market growth in the forecast period are increasing urbanization, rise in number of global populations, and rising food demand at global level.
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Government support for greenhouse films
Increasing demand for optimum environmental conditions and less usage of water for cultivation of crops are some benefits owing to usage of greenhouse films. These factors increase the focus from organizations towards supporting the demand and usage of greenhouse films in various regions of the world. Environment conditions and required water supply are some crucial factors in the crop cultivation. Off-season cultivation is another major factor that increases the demand of greenhouse films in the market. Governmental support for the market comes in various forms, such as:
- Policies in support of greenhouse films
- Rebates in various forms
- Investment to increase the business scenario
Technological advancements is a market opportunity to rely on for future of farming methods
Technological advancements in farming methods is a growth opportunity present in the market during the forecast period. Nowadays, farming is becoming 'smart' through methods, equipment and many other ways. Technologically advanced farming is a requirement to fulfill the rising global food demand. Traditional farming methods are blurring out from major part of the world, owing to scarcity of arable land globally. Hence, technological advancements in the form of various machinery and methods, and innovative manner to perform agricultural practices are opening up the market opportunities for the global greenhouse films market.
Growth Restraining Factors
The global greenhouse films market is moving towards an upward slope, but the growth speed has been hindered by some growth restraining factors of the market. Huge investment involved in the process of greenhouse-based farming in off-seasons that increases the overall cost of farming methods and effect the demand of greenhouse film. Additionally, a requirement of different skills to manage the environment and add on the labor cost, and others are some growth restraining factors of the market.
While studying the market research report of the global greenhouse films market by Report Ocean, the Asia-Pacific was identified as fastest growing region in the market. There are various factors supporting the regional growth, but China plays a major role by covering significant market share in the global market. Regional dominance is due to supportive governmental policies that allow the allocation of more land area in region for agricultural purposes. Adding on, the Chinese market fluctuate once in a year, depending upon the seasonal application, during September to November, greenhouse films are high in demand, whereas, during February to March, Mulch Films witness a growth in demand.
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