PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1500650
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1500650
In terms of value, the agricultural films market is estimated to grow from USD 13.8 billion in 2024 to USD 19.5 billion by 2029, at a CAGR of 7.1%. The rising population in the Middle East & Africa and Asia Pacific, changing customer preferences regarding food, mounting demand from for processed foods are driving the agricultural films market. Also, as individuals become more conscious of the potential health hazards linked to disposal of agricultural films, there is an escalating desire for bio-based and degradable agricultural film alternatives.
Scope of the Report | |
---|---|
Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Volume (Kiloton) and Value (USD Million) |
Segments | Type, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"EVA is projected to be the fastest growing type of agricultural films market, in terms of value, during forecast period."
EVA (Ethylene Vinyl Acetate) is on projected to be the fastest growing segment type of the agricultural films market, displaying the highest CAGR. This surge is driven by a combination of advantages: superior performance with its clarity, flexibility, and UV resistance, making it ideal for greenhouses. It also offers a cost effective option for farmers, especially in budget-conscious regions. Lastly, the development of biodegradable EVA caters to the growing focus on environmental sustainability in agriculture, attracting eco conscious farmers. This unique combination of functionality, affordability, and environmental responsibility positions EVA for explosive growth in the agricultural films market.
"The Middle East & AFrica is projected to be the third fastest-growing region, in terms of value, during the forecast period in the agricultural films market."
The Middle East & Africa region is expected to see significant growth in the agricultural films market due to several factors. Dry climates and water scarcity in the region necessitate solutions like mulching films that conserve water in the soil. Additionally, the rising population creates a demand for increased food security, which greenhouses facilitated by films can address. Government support through policies and initiatives further fuels market growth by encouraging film adoption. Finally, a growing focus on agricultural modernization makes farmers in the Middle East & Africa more receptive to advanced technologies like films, enabling them to improve yields and resource efficiency. These combined forces position the Middle East & Africa region for remarkable growth in the agricultural films market.
The key players profiled in the report include Berry Global Group, Inc. (US), Dow Inc. (US), RKW Group (Germany), BASF SE (Germany), Coveris (Austria), Kuraray Co., Ltd. (Japan), Rani Group (Finland), Armando Alvarez Group (Spain), and others.
Research Coverage
This report segments the market for agricultural films based on type, application, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for agricultural films.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the agricultural films market; high-growth regions; and market drivers, restraints, and opportunities.