In Brief:
- The agricultural films market registered a CAGR of over 4.0% during 2013 to 2017.
- Gains continue to remain driven by the introduction of innovative and eco-friendly products in the agriculture films industry, along with the constantly growing demand for food. Agricultural films sales in 2018 surpassed revenues worth US$ 9 Bn, and is estimated to record a Y-o-Y growth at over 5% in 2019.
- East Asia continues to remain the leading market for agricultural films, with China at the forefront. Intensifying cross-industry collaborative efforts in the country is a vital aspect bolstering agricultural production, and in turn demand for agricultural films.
- South Asia is estimated to emerge as a high growth region for the agricultural films market with the presence of numerous agriculture-dependent countries in the region. Additionally, increasing government investments into boosting agricultural production is expected to significantly favor growth of the agricultural films industry.
What are the Factors Propelling the Growth of Agricultural films Market?
- A recent surge in the legalization of marijuana and hemp has directly influenced the demand for agricultural films. The legalization of recreational marijuana in Canada, hemp cultivation in the US, and intense progressivism for medical marijuana across Europe, are collectively expected to create lucrative opportunities for agricultural films industry players. Plastic mulch is finding widespread adoption in the cultivation of hemp and marijuana, owing to their affordability and effectiveness in improving the crop yield.
- Responding to the environmental abuse of plastic, administrative authorities worldwide are issuing stringent guidelines for use of the material across industries. As technological headways continue to succor the development of eco-friendly and biodegradable films, lucrative opportunities are imminent for players in the agricultural films market. Manufacturers in the agricultural films market are directing their efforts towards the development and launch of eco-friendly products, to capitalize on the burgeoning demand.
- Agricultural films incorporated with insecticides and pesticides are gradually gaining traction, alongside advancements in nanotechnology that underpin agricultural films market players in commercializing the production of pesticide or insecticide-releasing variants.
- Plasticulture has emerged as a boon for the agricultural films market players, in light of their cost-effective nature. Reduced water wastage, prevention of soil erosion, and crop protection from external contaminants, are key benefits of the agricultural films driving their sales. Plasticulture is being eyed as an effective solution to cater the global food demand, while minimizing the expenses incurred for cultivation.
- Introduction of agriculture film laying machines has enabled time-effective and effortless laying down of films on a large scale. Growing competition in the area is expected to uphold agricultural films sales, with film laying machine manufactures introducing cost-effective and high-performance models to consolidate their position in the market.
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What are the Challenges that Need to be Addressed by Stakeholders in the Agricultural films Market?
- The production and development of biodegradable agricultural films are still in the nascent phase, with production costs of the significantly higher compared to their traditional counterparts. The trickle-down effect of high production costs on the selling price of biodegradable plastics, coupled with the bolstering efforts to reduce plastic pollution is likely to stifle growth of the agricultural films market.
- Numerous studies suggesting the use of plastic films in agriculture as the prime source of entry of carcinogens in the food chain, is likely to hamper agricultural films sales. Additionally, growing consumer interest in the supply chain of food and agriculture production is estimated to dent agriculture film sales during the forecast period.
- The estimated adverse impact of plastic films on agriculture production such as decreased soil porosity, changing nature of microbial communities, and the eventual decrease in the production capacity of farmland is likely to continue to pose a daunting challenge in the agricultural films market.
Agricultural films Market – Competitive Landscape
- In order to capitalize on the burgeoning demand for agricultural films in North America, ExxonMobil announced a strategic investment of US$ 20 billion over the period of 10 years in the construction of new production facilities across the continent. Under the elaborate plan, ExxonMobil is planning to construct a new polyethylene production facility to increase its ma manufacturing capacity by 65% to meet the bolstering demand for the material in the agricultural films market.
- Continuous innovation in incorporating sustainability in agriculture films production and disposal received a huge boost when Novamont, a leading player in the agriculture films market, announced the launch of a biodegradable mulch film manufactured using its proprietary bioplastic Mater-Bi.
- The launch of a triple mulching film machine by Checci and Magli named Plastic Stop Plus which can potentially triple the mulch plastic films laying efficiency is estimated to aid agriculture films market in gaining penetration.
Other leading players operating in the agricultural films market are Ginegar Plastic Products, Berry Plastics, Polifilm, AEP Industries Inc., Dow, BASF SE, Trioplast Industries AG, and Dow.
Additional Insights:
Robust Demand for LDPE in Mulch Production to Prevail
Adoption of low-density polyethylene continues to remain robust, driven in part by demand in mulch plastic films manufacturing. High impact, chemical, and temperature resistance, are key attributes driving sales of low-density polyethylene in mulch plastic films production. In addition, the highly recyclable and cost-effective nature of the low-density polyethylene, in line with growing popularity of mulch plastic films in intensive vegetable production systems allude promising growth prospects for the agricultural films market.
Demand for silage, greenhouse, and other plastic films is also expected to surge, with the widening gap between food demand and supply. Agricultural films manufactured using materials such as HDPE, LLDPE, PE, engineering plastics are estimated to witness a surge in the demand, abreast constant search of farmers for advanced and novel technologies that boost productivity.
Research Scope
Research Methodology
The report on the agricultural films market was compiled using a robust and elaborate research methodology. The methodology involved the use of a two-phase research process namely primary and secondary. Seasoned experts from the agriculture films market were interviewed as a part of the primary research while secondary research was conducted by leveraging the information found through the study of company press releases, trade journals, paid sources, and other publications related to the agricultural films market. Results from both research steps were cross-referenced with one another to filter out erroneous information and create an accurate and authentic forecast of the agricultural films market.
Research Methodology of this Report.
A recently released report by Fact.MR provides detailed and actionable insights into the agricultural films market. All the key factors influencing the agricultural films market growth have been identified and thoroughly assessed in the report. A qualitative, as well as quantitative analysis of all the identified factors, has been provided in the report. In addition, all the macro and microeconomic facets impacting the agricultural films market performance have been analyzed in the report. A comprehensive opportunity assessment of the agricultural films market has also been included in the report. Further, a comprehensive assessment of the competitive landscape prevalent in the agricultural films market has been provided towards the end of the report.
Chapter 1 – Global Agricultural Films Market – Executive Summary
The report on agricultural films market commences with an executive summary which provides brief yet affluent information about the agricultural films market. All the key highlights of the agricultural films market in terms of facts and figures have been provided in the chapter. An overview of the demand-supply trends in addition to the key technological innovations in the agricultural films market has been provided in the chapter. Further, the chapter includes exclusive recommendations from seasoned Fact.MR analysts.
Chapter 2 – Global Agricultural Films Market Overview
A brief introduction to the agricultural films market has been provided in the chapter. The chapter provides a concrete definition of the agricultural films market along with a detailed taxonomy of the market.
Chapter 3 – Key Market Trends
The chapter lists and assesses the vital trends influencing the automobile films market. A detailed analysis of all the product innovations in the agricultural films market has been provided in this chapter. Additionally, the chapter defines the scope of the research conducted. Limitations on product innovations in the agricultural films market have also been listed and analyzed in the chapter.
Chapter 4 – Market Background
An overview of the global plastic production is provided at the beginning of the chapter. The ensuing segments in the chapter shed light on the type of plastics available, their applications, and functional properties. Additionally, a comprehensive analysis of the polymer resin pricing trends on the basis of different types of polymers has been included in the chapter. Along with the detailed overview of the plastic market, the chapter also provides an assessment of the agriculture sector highlighting key investment and production trends in the industry around the world. A comprehensive analysis of the value chain analysis of agriculture film products has also been included in the chapter. A comprehensive assessment of all the key market dynamics and their impact on the agriculture films market performance have been provided towards the end of the chapter.
Chapter 5 – Global Agricultural Films Market – Pricing Analysis
The chapter provides an in-depth analysis of agricultural films pricing on the basis of material type, film type, and region.
Chapter 6 – Global Agricultural Films Market Demand Analysis 2013-2017 and Forecast, 2018-2028
A comprehensive historical analysis of the automobile films market in terms of volume has been provided in the chapter. In addition, an authentic and accurate forecast of the agricultural films market in terms of volume has been included in the chapter.
Chapter 7 - Global Agricultural Films Market Demand Analysis 2013-2017 and Forecast, 2018-2028
The chapter assesses the agricultural films market in terms of value. A detailed historical analysis of the agricultural films market along with a comprehensive forecast of the agriculture films market performance has been provided in the chapter.
Chapter 8 - Global Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028, by Product Type
A summary of key product innovations and trends surrounding product types in the automobile films market is provided at the beginning of the chapter. The ensuing sections of the chapter provide a historical analysis of the agriculture films market on the basis of different product types and the material used for manufacturing them. An authentic forecast of the agriculture films market along the same lines has also been included in the chapter.
Chapter 9 - Global Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028, by Region
The chapter provides a detailed analysis of the agricultural films market on the basis of the region. A detailed historical analysis of the automobile films market in addition to a forecast of the market performance on the basis of the region has been provided in the chapter. The chapter also provides a detailed attractiveness analysis of the automobile films market.
Chapter 10 – North America Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
A detailed analysis of the agriculture films market prevalent in North America has been provided in the chapter. The chapter provides a historical analysis of the agricultural films market on the basis of both volume and value along with a detailed forecast of the agriculture films market performance. Key trends influencing the prices of the agriculture films in the region have also been included in the chapter.
Chapter 11 – Latin America Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
The chapter provides a comprehensive analysis of the agriculture films market existent in Latin America. A detailed historical assessment of the agriculture films market along with an accurate forecast of the market growth has been provided in the chapter. Additionally, the agriculture films market has been comprehensively analyzed on the basis of product type and country.
Chapter 12 – Europe Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
A comprehensive analysis of the agriculture films market prevalent in the European region has been provided in the chapter. The chapter provides a comprehensive historical assessment of the agriculture films market performance in addition to a detailed forecast of the agriculture films market growth.
Chapter 13 – South Asia Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
The chapter sheds light on the agriculture films market performance in the South Asian region. A detailed historical analysis of the agriculture films market along with a forecast of the market growth on the basis of product type and countries has been provided in the chapter.
Chapter 14 – East Asia Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
A detailed analysis of the agriculture films market prevalent in East Asia has been provided in the chapter. The chapter analyzes the historical performance of the agriculture films market in the region and provides a detailed projection of the agriculture films market growth on the basis of country and product type.
Chapter 15 – Oceania Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
The chapter provides a comprehensive assessment of the agriculture films market existent in Oceania. A detailed historical analysis of the agriculture films market in addition to a forecast of the agriculture films market performance in the region has been provided in the chapter.
Chapter 16 – MEA Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
A detailed assessment of the agriculture films market prevalent in MEA has been provided in the chapter. The chapter provides a thorough analysis of the agriculture films market on the basis of value and volume. A market attractiveness analysis in addition to trends impacting the pricing of agricultural films in the region has been provided.
Chapter 17 – Emerging Countries Agricultural Films Market Demand Analysis 2013-2017 and Forecast 2018-2028
The chapter provides a detailed analysis of the agriculture films market performance in emerging countries. A comprehensive historical assessment along with a detailed forecast of the agriculture films market performance has been provided in the chapter.
Chapter 18 – Competition Landscape and Company Profiles
The chapter provides a thorough analysis of the competitive landscape prevalent in the agriculture films market. Factors influencing revenue distribution among different tiered players operating in the agriculture films market have been identified and analyzed in the chapter.
Chapter 19 – Company Profiles
All the leading players operating in the agriculture films market have been profiled in the chapter. Comprehensive profiling of each of the identified players in the agriculture films market sheds light on the company’s product portfolio, market presence, revenue share, global footprint, strengths, weaknesses, strategies, and notable business developments. The information provided in the chapter can be leveraged by business professionals and stakeholders in the agriculture films market to streamline their strategies and gain maximum profitability. Additionally, it helps new and emerging companies gauge the level of competitiveness prevalent in the agriculture films market and identify entry barriers into it.
Chapter 20 – Research Methodology
The exhaustive research methodology employed during the compilation of the report on agriculture films market has been thoroughly explained in the chapter. A two-phase research process involving primary and secondary researches was used to obtain in-depth insights into the agriculture films market. Seasoned experts from the agriculture films market were interviewed to collect information for the primary research phase. Secondary research was conducted by thoroughly studying company press releases, paid sources, trade journals, and other publications related to the agriculture films market.
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Agricultural Films Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028