Agricultural Films Market segmentation& Analysis, Industry Growth Forecast 2020–2026
As per a report published by Fortune Business Insights The global agricultural films market size is predicted to reach USD 14,315.4 million by 2026, exhibiting a CAGR of 6.5% during the forecast period. The increasing applications of films in tunnels, greenhouses, plastic reservoirs and irrigation systems, mulching, silage and others will spur growth opportunities for the market in the foreseeable future. The constantly rising demand for food has led to a surge for effective additives for plastics in agricultural applications. This, factor will boost the agricultural films market trends. In addition, agricultural film has the capabilities of enhancing the productivity of the crops. Thus, growing demand for agricultural films owing to its capabilities will bolster healthy growth of the market.

The agricultural films Industry size stood at USD 8,686.0 million in 2018.The agricultural films market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about agricultural films market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.

Market Driver:

Environmental Concerns to Motivate Chances for Biodegradable Films

The growing environmental issues and human health threats has made biodegradable films as an alternative solution for the agricultural films sector. The rising efforts for the development of biodegradable or edible films from biopolymers with an aim to improve crops performance and farming practices among end-users will have a positive impact on the agricultural films market share. Biodegradable agricultural films are made from natural polymers and are propitious, as it improves crop quality, increases yields, reduces water use for irrigation, enhances control, and pesticides. Moreover, strict government guidelines regarding environment protection will result in the expansion of the market in the forthcoming years. In addition, these films are completely organic, helping the bacterial flora to transform films into water and biomass, carbon dioxide or methane, hence reduction in water pollution.

Regional Analysis:

Surge in Food Production to Stimulate Growth in Asia Pacific

The growing population and Favorable government regulations will propel market in the region. North America is predicted to witness a high growth rate during the forecast period owing to the rising consumers shift towards plant based-food. Europe is predicted to rise perpetually in the forthcoming years owing to the rising use of biodegradable agricultural films in the region. The market in Asia Pacific stood at USD 5,924.4 million in 2018 and is expected to grow rapidly during the forecast period owing to the rising food production in the developing countries such as India and China. The growing use of mulching agricultural films will enable healthy growth of the market in Asia Pacific.

Key Development:

January 2019: RKW announced to expand Its silage films portfolio with PolydressSiloClassics and PolydressSiloPro. The new portfolio of the company will consist of design offerings to help farmers add a little significant value in terms of work efficiency and silage quality, also covering sustainability to cost-saving needs in agriculture.

Source:https://www.fortunebusinessinsights.com/agricultural-films-market-102701