Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Agricultural Film Market makes an offering
of in-depth analysis of segments and sub-segments in the regional and
international Agricultural Film Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Agricultural
Film Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Agricultural Film Market is offered. In accordance with the report, the global
Agricultural Film Market is projected to
expand by healthy CAGR of 5.8% over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Agricultural
Films refer to one type of a plastic material used in agricultural sectors for
better productivity. Agricultural Films help to
suppress weeds and
conserve water during crop production and landscaping. The plastic
material acts as a barrier to keep outside component to come within the soil
and the plants or crops grow through the slits or holes in the sheet.
Market Drivers
The
growing agricultural sector is main driver behind the rapid growth of Agricultural
Film Market. The need to reduce soil erosion, conserve nutrients, control soil
temperature, control weeds, block UV rays and NIR is pushing the growth rate of
the said market to rise high.
Beside
this, the rapid urbanization and technological advancements, growing population,
rising per capita income and growing demand for food grains are also some of the
key players behind the rapid growth of the Agricultural Film Market.
Aside
from these, the government subsidies and incentives to the agricultural and
greenhouse firms and rising foreign investments in the Agricultural Film sector
are also adding fuel to this increasing market growth.
The
regular introduction of different and brand-new types of Agricultural Film with
better protection, technologies and durability in different sizes and price
range to satisfy the varying tastes of the customers is also attracting new
consumers and thus helping the growth rate of Agricultural Film Market to rise
high. The convenience and efficiency of Agricultural Films is also helping in
the expansion of the said market.
Market Restraints
The Agricultural Film Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
High prices of the raw materials, high
installation, maintenance and repairing costs, high cost of R&D activities and high transportation and
import costs resulting into high rents of the premium quality end products.
Lack of penetration in the non-agricultural-based
country markets.
Unavailability of these products in many regions.
Lack of
awareness about the availability and benefits of the Agricultural
Film in the developing countries.
Not
available for bigger sized crops.
Opportunities
The Agricultural Film Sector is expected have huge opportunities as the governmentally
subsidized and funded agricultural and greenhouse cultivation sectors are
expanding rapidly. Growing usage of mulch films which are
used in the dry regions where water scarcity is high in order to sustain crops is helping this expansion further.
Trends
During
the forecast period, Asia Pacific is expected to have the largest share of Agricultural
Film Market. The demand for these products in the Asia Pacific region is driven by its expanding agricultural sector, growing population and
rising disposable income among individuals. It is also believed that on the basis of
product type, the LLDPE segment will face the highest growth rate for its relatively
low prices, high temperature resistance, high tensile strength and superior
durability.
Segment Covered:
This market
intelligence report on the global Agricultural Film Market encompasses market segments based on product type, application,
end usage, distributional channel and country.
By Product
Type the global Agricultural Film Market has been
divided into:
q Linear
Low-density Polyethylene (LLDPE)
q Low-density
Polyethylene (LDPE)
q Reclaim
q Ethylene-vinyl
Acetate (EVA)
q High-density
Polyethylene (HDPE)
q Others
(EVOH, PVC, and ETFE)
By Application
the global Agricultural Film Market has been
divided into:
q Greenhouse
Film
o Classic
Greenhouse Film
o Macro
Tunnel/ Walking Tunnel
o Low
Tunnel
q Mulch
Film
o Transparent
or Clear Mulch
o Black
Mulch
o Others
(Blue, Yellow, Grey etc)
q Silage
Film
o Silage
Stretch Wrap
o Silage
Bag
o Silage
Sheet
q Others
By End
Usage the global Agricultural Film Market has been
divided into:
q Personal
q Government
q Commercial
By Distributional
Channel the global Agricultural Film Market has been
divided into:
q Offline
q Online
q Others
By country/region,
the global Agricultural Film Market has been
divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q AB Rai
Plast OY
q AEP
Industries Inc.
q Armando
Alvarez
q BASF SE
q Berry
Plastic Corporation
q British
Polythene Industries PLC.
q Britton
Group
q ExxonMobil
q Group
Barbier
q Kuraray
q Novamont
q Trioplast
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Agricultural Film Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
AB Rani Plast OY
Located in Finland, the AB Rani Plast OY launched their new products in 2020. The high performance beverage
shrink film is made from recycled raw materials and carbon neutral products are
expected to help them achieve sustainable growth.
BASF SE
Headquartered in Germany, the BASF SE is one of the most renowned
manufacturers of agricultural films. In October, 2020, the company received
CIIF New Materials Award for new materials such as synthetic film, spandex
textile fibers etc. with exclusive technologies.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Agricultural
Film Market, size of the market (US$ Mn), and Compound
Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking
into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Agricultural Film Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Agricultural Film caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Agricultural
Film Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Agricultural Film Market
v
Identification
of key factors driving investment opportunities in the Agricultural
Film Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key strengths
and weaknesses of important market participants