PUBLISHER: Grand View Research | PRODUCT CODE: 1575261
PUBLISHER: Grand View Research | PRODUCT CODE: 1575261
The global greenhouse film market was estimated at USD 6.93 billion in 2023 and is projected to grow at a CAGR of 10.3% from 2024 to 2030. The demand for greenhouse films is driven by the growing need for controlled-environment agriculture, which allows for year-round crop production and protection against adverse weather conditions. Factors such as advancements in film technology, increasing adoption of greenhouse farming practices, and the rising global population's food requirements contribute to the growth of the market.
Advancements in technology have played a crucial role in the growth of the market. Manufacturers are constantly developing innovative films with improved properties, such as enhanced light transmission, durability, and resistance to UV radiation. These advancements enable farmers to achieve higher crop yields and better-quality produce. In addition, the development of multi-layer films with specialized functionalities, such as anti-condensation or anti-fogging properties, further enhances the performance of greenhouse systems. As technology continues to evolve, the market is expected to witness continued growth and innovation.
The market in the USA is experiencing significant growth and is driven by several key factors. The increasing demand for locally grown fresh produce is fueling the expansion of greenhouse farming in the country. Greenhouses provide a controlled environment that allows for year-round cultivation of crops, overcoming the limitations of seasonal and geographical constraints. Greenhouse films play a vital role in creating the ideal growing conditions by providing insulation, regulating temperature and humidity, and protecting crops from harsh weather conditions and pests.
There is a growing emphasis on sustainable agricultural practices in the USA. Greenhouse films offer numerous environmental benefits compared to traditional farming methods. They enable efficient use of resources such as water and fertilizers, reduce the need for harmful pesticides, and minimize soil erosion. In addition, greenhouse films can extend the growing season, leading to increased productivity and reduced dependence on imports. The focus on sustainability and the desire to minimize the environmental impact of agriculture is driving the adoption of greenhouse films across the country.
Moreover, government support and incentives are crucial to the market's growth. The US government, at both federal and state levels, is implementing policies to promote sustainable agriculture and local food production. Initiatives such as grants, loans, tax benefits, and research funding are encouraging farmers to invest in greenhouse systems and adopt advanced films. These government initiatives are creating a favorable environment for the market to flourish and meet the increasing demand for locally-grown food in the U.S.
Global Greenhouse Film Market Report Segmentation
This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global greenhouse film market report on the basis of resin type, thickness, application, and region: