Agricultural Film Industry Analysis in East Asia
Study on Agricultural Films in East Asia By Type (Geomembrane, Silage, Mulch, Greenhouse Plastic/Covering Films), By Material (Ethylene Butyl Acrylate, Ethylene-vinyl Acetate, Low-density Polyethylene, LLDPE, Polypropylene, Polyamide, Ethylene Vinyl-alcohol Copolymer Resins, PVC), By Application (Bale Wrapping & Ensiling, Silo Bag Manufacturing, Tunnel Covers, Bunker Ensiling) and By Country - Market Insights Report 2023 to 2033
Agricultural Film Industry Analysis in East Asia Covering Countries Include Japan, South Korea, China
Agricultural Film Sales Outlook for East Asia (2023 to 2033)
Sales of agricultural films in East Asia are pegged at US$ 5.34 billion in 2023 and are forecasted to increase at a noteworthy 7.3% CAGR from 2023 to 2033. By the end of 2033, agricultural film demand is set to reach a market valuation of US$ 10.81 billion in the region.
The huge population in China is projected to be a major catalyst for agricultural film demand in the East Asian region over the next ten years and beyond. Efforts of governments of East Asian countries to improve their agricultural output and reduce reliance on imports are also forecasted to benefit sales of agricultural films in the long run. Increasing investments in the R&D of biodegradable agricultural films and a growing focus on sustainability are also anticipated to create new business opportunities for agricultural film vendors in the future.
- East Asia is projected to account for 4,801.9 KT of agricultural film demand by the end of 2033.
|Agricultural Film Sales in East Asia (2023)||US$ 5.34 Billion|
|Projected Sales (2033F)||US$ 10.81 Billion|
|Demand Growth (2023 to 2033)||7.3% CAGR|
|Sales Volume in South Korea (2033F)||235.7 KT|
|Sales Growth in China (2023 to 2033)||8% CAGR|
|Low-Density Polyethylene Film Sales (2033F)||US$ 6.37 Billion|
|Mulch Demand Volume (2033F)||2,860.3 KT|
|Key Companies Profiled||
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What Allows East Asia to Spearhead Global Agricultural Film Demand?
“Growing Adoption of Green Agricultural Practices in the Region”
Countries in East Asia have been traditionally practicing agriculture for decades now but, growing demand for food has pushed farmers to opt for new agricultural techniques to improve the yield of crops and satisfy the rising needs of the expanding population of the region. The rising popularity of modern agricultural techniques and efforts by governments of East Asian economies to maximize agricultural output are all projected to uplift sales of agricultural films in this region over the next ten years.
Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for Agricultural films by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Any agricultural film manufacturer or distributor looking to improve their presence in the East Asian region should focus on boosting their business in China and diversify in South Korea and Japan later to cement their dominance going forward.
How Will Agricultural Film Manufacturers Fare in South Korea?
“Increasing Efforts to Reduce Soil Pollution Creating Business Growth Opportunities”
|Market Value (2023)||US$ 363 Million|
|Growth Rate (2023 to 2033)||3.8% CAGR|
|Projected Value (2033)||US$ 530.7 Million|
Availability of arable land in South Korea is limited and this is why the government of the country is focusing on maximizing the productivity of the land that’s available to satisfy the increasing demand for food of the country. The increasing adoption of techniques such as vertical farming and controlled agriculture are all slated to bolster shipments of agricultural film in the country through 2033.
- In March 2021, the Gangwon Provincial Agricultural Research and Extension Services (GWARES) of South Korea announced the launch of a new project to hand out mulch films for local farms producing corn and sorghum. This was part of South Korea’s efforts to reduce soil pollution and promote sustainability in agricultural practices.
Why Would Investing in China Be a Smart Choice?
“Rising Per Capita Intake and Huge Population”
|Market Value (2023E)||US$ 4.43 Billion|
|Growth Rate (2023 to 2033)||8% CAGR|
|Projected Value (2033F)||US$ 9.58 Billion|
China is one of the most populated countries in the world and this makes it one of the leading consumers of food products as well. To satisfy this growing demand for food, agricultural activity in the country is projected to increase and benefit sales of agricultural films in the long run.
- In May 2023, the World Bank approved a loan of US$ 345 million to support a new initiative launched by the Chinese government to promote the adoption of eco-friendly practices in agriculture and rural development. The loan complements the investment of US$ 4.1 billion that the Chinese government had committed to this initiative.
Growing adoption of controlled agriculture practices to maximize the yield from cultivated land in the country is also slated to bolster demand for agricultural films going forward. Supportive government initiatives to promote agricultural activity and efforts to improve agricultural output are also estimated to open up new avenues of opportunities for agricultural film companies in China through 2033.
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Agricultural film suppliers in East Asia should focus on providing mulching films made from low-density polyethylene to ensure optimal sales and revenue generation in the future.
Which Type of Agricultural Films is Sold Most?
“Agricultural Mulch Films Account for Leading Sales Share”
|Segment Value (2023E)||US$ 2.72 Billion|
|Growth Rate (2023 to 2033)||8.3% CAGR|
|Projected Value (2033F)||US$ 6.08 Billion|
Use of mulch films in agriculture has several benefits such as preventing weed growth, preventing moisture loss, and improving crop yield. Their efficacy in maintaining a good yield for vegetable crops across a huge area is also projected to boost demand for mulching films over the coming years. The launch of several new biodegradable mulch films has also created new opportunities for agricultural mulch film manufacturers in the East Asian region.
Agricultural Films Made from Which Material are Most Extensively Used?
“Low-Density Polyethylene Preferred for Agricultural Film Manufacturing”
|Segment Value (2023E)||US$ 2.94 Billion|
|Growth Rate (2023 to 2033)||8% CAGR|
|Projected Value (2033F)||US$ 6.37 Billion|
High use of low-density polyethylene (LDPE) films in greenhouses, mulching, and silage allows them to account for a prominent revenue share in East Asia across the study period. These films are highly suitable for farming areas with limited water supply and those that are prone to harsh climatic conditions.
Countries in the East Asian region are collaborating on an international level to induce sustainability in agricultural practices as the focus on improving the yield of crops increases around the world. China is projected to take the lead when it comes to collaborating with other countries for agricultural research.
- European and Chinese firms have been collaborating since 2020 to tackle the issues of mulch films in agriculture to make the practice more sustainable. Zhuhai Kingfa Biomaterial Co. Ltd., TÜV Rheinland (Shanghai) Co. Ltd., and Reifenhäuser GmbH & Co. KG Maschinenfabrik are some organizations working on making mulching a greener agricultural practice.
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Segmentation of Agricultural Film Study in East Asia
By Type :
- Greenhouse Plastic/Covering Films
By Material :
- Ethylene Butyl Acrylate
- Ethylene-Vinyl Acetate
- Low-Density Polyethylene
- Ethylene Vinyl-Alcohol Copolymer Resins
By Application :
- Bale Wrapping & Ensiling
- Silo Bags Manufacturing
- Tunnel Covers
- Bunker Ensiling
By Country :
- South Korea
- FAQs -
Agricultural film demand in East Asia stands at a market value of US$ 5.34 billion in 2023.
Sales of agricultural films are forecasted to reach US$ 10.81 billion by 2033-end.
Agricultural film sales in East Asia are set to increase at 7.3% CAGR over the next ten years.
Agricultural film demand in China is projected to rise at 8% CAGR from 2023 to 2033.
CNPC Green Film Technology Co. Ltd., Mitsui Chemicals Inc., Kolon Industries Inc., Asahi Kasei Corporation, and Kuraray Co. Ltd. are leading market players.