Agricultural Films Market Drivers and Restraints:
Agricultural films are used for covering greenhouses and are used to cover over soil or wrapped around fodder. They help in improving crop quality and increasing overall productivity. Rising need to increase agricultural productivity to fulfill the daily demand of population has led to commercialization of these specialty coverings.
Growing demand for food owing to increase in population coupled with the rising requirement for optimum agricultural productivity is expected to drive market growth. The rise in demand for high-quality crop and decline in arable land is projected to raise product demand over the coming years. Various innovations in the industry, including Ultra Violet (UV) blocking, fluorescent, NIR blocking, and ultra-thermic films are expected to impact product demand positively over the next few years. However, environmental concerns regarding product disposal and stringent government regulations regarding plastics and polythene are anticipated to hinder growth in near future and affect agricultural films market growth. Be that as it may, the introduction of biodegradable and bio-based polymer films is expected to create lucrative opportunities for industry participants over the next few years. Biodegradable agricultural films are getting popular in eco-friendly regions. Technological advancements in horticulture coupled with the development of particle, multi-layer, and UV protection films to improve agricultural productivity is anticipated to raise product demand over the foreseeable future.
Agricultural Films Industry Segmentation:
The global market for Agricultural Films is categorized into
On the basis of type, it is segmented into LLDPE, LDPE, Reclaim, EVA and HDPE. LLDPE has the largest market share in this segment and is anticipated to witness the fastest growth. Factors such as high-durability, the extended shelf life of finished products with high tensile strength, and improved thermal properties are expected to increase market growth. Meanwhile, LLDPE and LDPE are expected to witness high demand in the Asia Pacific, especially in China due to their applications being highly beneficial in areas with limited water supply and harsh climatic conditions. HDPE and EVA/EBA films are used in agricultural applications, where rigidity is desired. PVC and EVOH have low market penetration owing to non-competitive prices and low durability of finished products coupled with non-biodegradable nature of the products. On the basis of application, it is segmented into Greenhouse Film, Mulch Film, and Silage Film. Mulch film emerged as the leading application segment and accounted for the largest share in the market. Factors such as an increase in demand for high-quality crop and rise in disposable incomes are expected to drive the industry. The greenhouse is projected to witness the fastest growth. Growing greenhouse agriculture in Asia, Middle East, and Western Europe is expected to have a positive impact on the market growth. Growing demand for floriculture & horticulture and uncertain climatic conditions are expected to increase market penetration. Greenhouse films also help in improving productivity and plant cultivation.
Regional and Country Level Analysis Report:
On the basis of geography, the market is analysed under various regions namely
North-America holds the largest share in the market, owing to its technological advancements in the agricultural sector and heavy investment in research and development of protected Agricultural practices. Asia-Pacific is expected to grow the most in the coming years. Europe is expected to witness stagnant growth in near future owing to stringent environmental regulations regarding film disposal and manufacturing.
Market Key Players:
Some of the major companies dominating the market are The Dow Chemical Company, BASF SE, ExxonMobil Corporation, RKW SE, Berry Plastic Group Inc., Grupo Armando Alvarez, British Polythene Industries Plc., and Barbier Group.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 LLDPE
5.1.3 LDPE
5.1.4 Reclaim
5.1.5 EVA
5.1.6 HDPE
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Greenhouse Film
5.2.3 Mulch Film
5.2.4 Silage Film
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 The Dow Chemical Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BASF SE
8.3 ExxonMobil Corporation
8.4 RKW SE
8.5 Berry Plastic Group
8.6 Grupo Armando Alvarez
8.7 British Polythene Industries Plc.
8.8 Barbier Group.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
