The global Agricultural Films Market is projected to reach USD 10.94 Billion by 2023, at a CAGR of over 5% from 2018 to 2023 owing to the growing global population, increasing need for optimum agricultural productivity, and rising demand for and growing dairy industry. Based on application, the market has been categorized into Mulch Film, Greenhouse Film, and Silage Film.
The greenhouse film segment is projected to dominate the global agricultural films market between 2017 and 2022 since greenhouse films protect crops from UV rays and offer durability. Based on type, the market has been categorized into LLDPE, LDPE, HDPE, Reclaim, EVA and Others. The Linear Low-density Polyethylene (LLDPE) segment is projected to dominate the global agricultural film market during 2018-2923 owing to its innovative properties such as strength, moisture barrier, and resistance to sunlight.
Based on region, the Asia Pacific region is projected to be a major market for agricultural film during 2018-2023 due to the rising population and the increasing demand for controlled agriculture in the region. Key players operating in the agricultural film market are BASF, Dow Chemical, and Grupo Armando Alvarez, among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of the Global Agricultural Films Market using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Global Agricultural Films Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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