The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global agricultural films market is not just growing; it’s flourishing at an impressive rate. Let’s delve into the key factors propelling this growth and explore the trends that are shaping the future of this vital sector.

1. Impressive Growth Trajectory

The global agricultural films market has experienced a substantial surge, expanding from $10.39 billion in 2022 to $11.24 billion in 2023, reflecting a commendable Compound Annual Growth Rate (CAGR) of 8.2%. As we look ahead, projections indicate a continued upward trajectory, with the market expected to reach $14.47 billion by 2027, boasting a projected CAGR of 6.5%.

2. Focus on Enhancing Agricultural Output

The driving force behind the growth of the agricultural films market lies in the global commitment to improving agricultural output. As the demand for food rises due to population growth and the reduction in available agricultural lands, the focus on enhancing productivity on existing lands becomes paramount. The Global Agricultural Productivity Report highlights the importance of total factor productivity (TFP), emphasizing the need to meet consumers’ food and bioenergy needs. The pursuit of productivity on existing agricultural lands is a key factor propelling the growth of the agricultural films market.

3. Majors Players Navigating the Field

In the realm of agricultural films, major players are steering the industry forward. Companies such as Berry Global Inc., Kuraray Co. Ltd., and The Dow Chemical Company are at the forefront. Their expertise spans various types of films and applications, showcasing a comprehensive approach to addressing the diverse needs of the agricultural sector.

4. Biodegradable Polymers: Shaping the Future of Production

An intriguing trend gaining prominence in the agricultural films market is the introduction of biodegradable polymers. Major corporations are investing in these polymers with competitive mechanical properties, aiming to replace petroleum-based plastics. Solvay S.A., for instance, launched Jaguar, a guar-based biodegradable polymer solution in March 2022. This innovative material not only enhances sustainability but also provides greater strength and aesthetic appeal, reshaping farming methods.

5. Segmentation: Navigating the Diverse Landscape

To comprehend the intricate dynamics of the agricultural films market, segmentation is essential. The market is categorized based on type, film, and application:

• Type:
  • Low-Density Polyethylene
  • Linear Low-Density Polyethylene
  • High-Density Polyethylene
  • Ethylene Vinyl Acetate
  • Other Types
• Film:
  • Geomembrane
  • Agricultural Silage Films
  • Agricultural Mulching Films
  • Greenhouse Plastic Or Covering Film
• Application:
  • Agricultural Films For Bale Wrapping And Ensiling
  • Agricultural Films For Silo Bags Manufacturing
  • Agricultural Films For Tunnel Covers
  • Agricultural Films For Bunker Ensiling

6. Regional Dynamics: Asia-Pacific Takes the Lead

In 2022, Asia-Pacific emerged as the largest region in the agricultural films market. The region not only leads but is also expected to continue its dominance during the forecast period. As the global agricultural landscape evolves, the dynamics of the market are shifting, with Asia-Pacific at the forefront of this transformative change.

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https://www.thebusinessresearchcompany.com/report/agricultural-films-global-market-report

The Agricultural Films Global Market Report 2023  provides an overview of the agricultural films market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agricultural films market forecast analyzes agricultural films market size, agricultural films market share, leading competitor and their market positions.

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