Agricultural Films Market to Reach Value of US$ 25.1 Bn by 2031, TMR Study

WILMINGTON, DE / ACCESSWIRE / October 20, 2022 / Transparency Market Research Inc. - The global agricultural films market is prognosticated to reach a value of US$ 25.1 Bn by the end of 2031, as per a research report by Transparency Market Research (TMR). Additionally, the TMR study on the sales forecast for agricultural films market notes that the market is expected to grow at a CAGR of 7.4% during the forecast period, from 2022 to 2031.

Major players in the global agricultural films market are increasing investments in order to develop low-cost agricultural films including nano-greenhouse films. Such films are gaining traction owing to their compatibility for use in remote areas. Moreover, these films do not require electricity. Hence, rising demand for nano-greenhouse films is creating profitable prospects in the global market, note analysts of a TMR report.

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With surge in the understanding among people about the importance of healthy lifestyle, this population pool is increasing the demand for organic fruits, vegetables, and food grains. This factor is leading to revenue-generation opportunities in the agricultural films market.

The agricultural films market in Asia Pacific is prognosticated to maintain its prominent position during the forecast period. The Asia Pacific market growth is ascribed to factors such as increase in the regional population and existence of many nations with agriculture-based economies in the region.

Agricultural Films Market: Key Findings

• Agricultural films find wide application in maintaining specific climatic conditions for fruits, vegetables, and crops. With rise in the understanding pertaining to the adverse effects of global warming on the agriculture industry, there has been a surge in the demand for artificial climate control technologies, states a TMR analysis that delivers in-depth assessment on the scope for agricultural films market. Moreover, the use of greenhouse films is being rising in the recent years as they offer required climate for farming and silage bags assist in maintaining the nutrients value. Moreover, a surge in the global food demand is one of the growth frontiers for agricultural films market.
• An increase in the levels of greenhouse gas emissions are leading to extreme weather conditions and increase in the temperature of the Earth. Moreover, a swift pace of climate change and rise in the global population have resulted into issues pertaining to the food security worldwide. The agriculture sector is susceptible to changes in the climate. While higher temperature helps in yielding desirable crops, they also encourage the proliferation of pests and weeds. Thus, a surge in the utilization of agricultural films in order to protect the harvest in undesired conditions expected to boost the agricultural films market size during the forecast period, state analysts at TMR.

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Agricultural Films Market: Growth Boosters

• Rise in the global demand for food owing to increasing population is creating profitable prospects in the agricultural films market
• Surge in the use of LLDPE films in agriculture sector owing to their higher flexibility and tensile strength is expected to drive the sales growth in the market
• Increase in understanding about the changing climate conditions and global warming are driving the demand opportunities in the agricultural films market

Agricultural Films Market: Key Players

Some of the key players profiled in the report are:

• Berry Global Inc.
• BASF SE
• DowDuPont
• Exxon Mobil Corporation
• RPC Group PLC.
• Ab Rani Plast Oy
• RKW Group
• NOVAMONT S.P.A.
• Trioplast Industrier AB
• AGRIPOLYANE
• POLIFILM GROUP

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Agricultural Films Market Segmentation

• Product
  • LDPE
  • LLDPE
  • HDPE
  • EVA/EBA
  • Reclaims
  • Others Films
• Application
  • Greenhouse
  • Mulching
  • Silage

Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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