According to TechSci Research report, “Greenhouse Film Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Greenhouse Film Market stood at USD 5.92 billion in 2022 and is anticipated to grow with a CAGR of 5.00% in the forecast period, 2023-2028. The initiatives taken by the government based on Greenhouse Film have led to favorable market conditions for the Global Greenhouse Film Market. Several factors contribute to the growth of various Greenhouse Film products.
The U.S. Department of Energy, recognizing the pressing issue of plastic waste, has made a significant investment of $13.4 million towards tackling the challenges of plastic waste recycling. This strategic investment aligns perfectly with the Biden Administration’s strong commitment to combat plastic waste and reduce plastic pollution, ultimately fostering a cleaner and more sustainable environment. As a result, this funding indirectly supports the development and utilization of innovative and eco-friendly solutions, such as biodegradable greenhouse films, that offer a more sustainable alternative to traditional plastics.
In a proactive move to prevent plastic pollution, the Draft National Strategy has introduced a range of incentives to encourage innovation in reducing plastic usage and increasing recycling efforts. By incentivizing the development and adoption of more sustainable practices, this strategy has the potential to significantly boost the production and utilization of recyclable or compostable greenhouse films. These films not only serve as effective tools in greenhouse cultivation but also contribute to the circular economy by minimizing plastic waste and promoting a more sustainable approach to agriculture.
The New Plastics Economy Global Commitment, a collaborative initiative launched by the Ellen MacArthur Foundation and the UN Environment Programme in 2018, brings together businesses and governments from around the world in a unified pledge to address the pressing issue of plastic waste and pollution. This commitment serves as a powerful catalyst in driving the adoption of eco-friendly alternatives in the greenhouse film market. By encouraging the transition to more sustainable materials and practices, the commitment seeks to reshape the greenhouse film industry and promote a more circular and regenerative approach to plastic usage.
By investing in research and development, incentivizing innovation, and fostering collaboration among stakeholders, these initiatives are collectively working towards a future where plastic waste is minimized, plastic pollution is reduced, and more sustainable alternatives are embraced in the greenhouse film market.
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Research and development (R&D) plays a critical role in driving the growth of the greenhouse film market. These activities enable companies to develop innovative products that cater to the specific needs of farmers and greenhouse operators. For instance, technological advancements have led to the production of greenhouse films with enhanced UV resistance, anti-drip, and anti-fog properties, allowing for better control of the greenhouse environment and resulting in increased crop yield and quality.
Moreover, R&D initiatives have also contributed to the creation of more sustainable and eco-friendly greenhouse films. With the global focus on sustainability and the reduction of plastic waste, there is a growing demand for such products. Biodegradable and recyclable greenhouse films, developed through extensive research, are gaining popularity in the market.
The Global Greenhouse Film Market is segmented into resin type thickness, application, regional distribution, and company.
Based on its resin type, the Low-Density Polyethylene (LDPE) segment held the largest share in the market. Various factors, including the increasing need for high-quality film to withstand and protect against adverse climatic conditions, are anticipated to be key drivers for the greenhouse film market. As the demand for optimal growing environments continues to rise, the greenhouse film industry is expected to experience significant growth.
When compared to other resin types, LDPE stands out with its exceptional properties. Not only does it offer superior thickness and optical properties, but it also exhibits excellent resistance to excessive sunlight and the external environment. These unique attributes are projected to fuel the growth of the LDPE resin-based greenhouse film market. With its exceptional performance and durability, LDPE resin-based films are well-positioned to meet the increasing demands of the agricultural sector for effective and reliable greenhouse solutions.
Based on region, the Asia Pacific segment is expected to grow during the forecast period.
Various factors have contributed to the increasing demand for greenhouse film in the region. One of the key drivers is the growing need for maintaining appropriate environmental conditions in greenhouse cultivation. As the importance of sustainable agriculture and controlled farming practices rises, the use of greenhouse film becomes crucial.
Greenhouse film plays a vital role in protecting crops against adverse weather conditions such as frost, wind, rain, and fluctuating temperature. Not only does it provide a shield for the crops, but it also ensures high quality and faster ripening, enabling multiple harvests in a year. This advantage of greenhouse film opens up opportunities for farmers to cultivate a wider variety of crops and maximize their yields.
The greenhouse film industry is poised for significant growth, thanks to the increasing focus on enhancing agricultural yield and addressing the demand for nutritious food products. With the rise in indoor farming practices, the need for controlled environments has become paramount. Greenhouse films enable the cultivation of crops such as tomatoes, lettuce, basil, and cucumbers, even during their off-season. This not only ensures a steady supply of these crops throughout the year but also helps in reducing their costs, as they are no longer limited to specific seasons.
Major companies operating in the Global Greenhouse Film Market are:
- Gineger Plastic Products Ltd.
- RKW SE
- Plastika Kritis S.A.
- Agriplast Srl
- Essen Multipack Ltd.
- Berry Global Group, Inc.
- Polifilm Extrusion GmbH
- Armando Alvarez SA
- FVG Folien-Vertriebs GmbH
- Eiffel S.p.A.
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“Growing application of Greenhouse Film in various end-user industries are key drivers of the Greenhouse Film Market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of Greenhouse Film with every passing year are anticipated to register an impressive growth in the Global Greenhouse Film Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Greenhouse Film Market – Global Segmented By Resin Type (Low-Density Polyethylene (LDPE), Ethylene-Vinyl Acetate, Linear Low-Density Polyethylene (LLDPE), Others), By Thickness (80-150 microns, 150-200 microns, Greater than 200 microns), By Application (Fruits, Vegetables, Flowers, Ornamental Plants), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Greenhouse Film Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Greenhouse Film Market.
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Table of Content-Greenhouse Film Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Greenhouse Film Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Resin Type (Low-Density Polyethylene (LDPE), Ethylene-Vinyl Acetate, Linear Low-Density Polyethylene (LLDPE), Others)
4.2.2. By Thickness (80-150 microns, 150-200 microns, Greater than 200 microns)
4.2.3. By Application (Fruits, Vegetables, Flowers, Ornamental Plants)
4.2.4. By Region
4.2.5. By Company (2022)
4.3. Market Map
4.3.1. By Resin Type
4.3.2. By Thickness
4.3.3. By Application
4.3.4. By Region
- Asia Pacific Greenhouse Film Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Resin Type
5.2.2. By Thickness
5.2.3. By Application
5.2.4. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Greenhouse Film Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value & Volume
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Resin Type
5.3.1.2.2. By Thickness
5.3.1.2.3. By Application
5.3.2. India Greenhouse Film Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value & Volume
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Resin Type
5.3.2.2.2. By Thickness
5.3.2.2.3. By Application
