The new report by Expert Market Research titled, ‘Global Agricultural Films and Bonding Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global agricultural films and bonding market, assessing the market based on its segments like products, raw materials, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
The growing need to improve crop production to meet the rising population needs is driving the industry growth of agricultural films and bonding. In this regard, the increasing greenhouse farming to yield disease-free genetically superior and protect the crops from external threats is also contributing to the industry's steady growth. The advantages of mulch films, such as reducing weed growth, evaporative water losses, and the need for pesticides or fertilisers while also improving plant growth, is further augmenting the market. Moreover, the utilisation of silage films to help livestock farmers produce long-lasting and nutritious fodder is invigorating the industry. The Food and Agriculture Organisation brings forth that the demand for silage films will increase from 6.1 million tonnes in 2018 to 9.5 million tonnes in 2030. All these factors are providing impetus to the market growth.
Industry Definition and Major Segments
Agricultural films are mainly made of polyethene (PE), a common plastic and other biodegradable materials. They are placed on the ground before sowing to prevent the growth of weeds, provide soil fertilisation, and offers many benefits to farmers. The choice of the agricultural films depends on the weather conditions and the crop management techniques used. Bonding is the joining of two or more films to strengthen and shape films.
The agricultural films and bonding industry, by product, is segmented into:
- Agricultural Film
- Agricultural Twine
- Agricultural Netting
- Others
Based on raw material, the market is classified into:
- Agricultural Film
- LDPE
- Others
- Agricultural Twine
- Sisal
- Polypropylene
- LDPE
- Others
- Agricultural Netting
- HDPE
- LDPE
- Polypropylene
- Others
On the basis of application, the market is divided into:
- Greenhouse
- Mulching
- Silage
- Vegetable Packing
- Fruit Packing
- Bale
- Anti-insects
- Others
The regional markets of agricultural films and bonding include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Trends
Governments across the globe are promoting biodegradable agricultural films that are cost-effective, thus invigorating the market. The increasing research activities done by companies to improve agricultural film solutions are also leading to the expansion of the industry. For instance: the innovations in polyethene resins by Dow Chemical Company have helped farmers gain profit with the reduced use of fertilisers and pesticides. Their activities to improve the performance and durability of greenhouse films, mulch films, and tunnel films initiate an environmentally sustainable future. Moreover, the adoption of smart farming techniques and the investments made by the industry players are also expected to augment the agricultural films and bonding industry in the forecast period.
Key Market Players
The major players in the market are Trioworld, Ab Rani Plast Oy, Berry Global Inc., BASF SE, and Groupe Barbier, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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