The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The agricultural films market has witnessed robust expansion in recent years, surging from $11.04 billion in 2023 to $11.85 billion in 2024 at a commendable CAGR of 7.3%. This growth, attributed to factors like a burgeoning global population, food security imperatives, greenhouse farming, government subsidies, and climate change, sets the stage for further advancements.

Driving Forces Behind Market Expansion Global Agricultural Productivity Demands Attention The global focus on enhancing agricultural output has become a key driver for the agricultural films market. With an increasing emphasis on improving productivity per unit of input, such as land and labor, the demand for agricultural films is on the rise. For instance, the United States witnessed a notable increase in corn production in 2021, reaching 15.1 billion bushels, showcasing the importance of enhancing output to meet growing demands.

Key Players Shaping the Market Landscape Major companies contributing to the market’s expansion include Berry Global Inc., Kuraray Co. Ltd., Coveris Group, Trioplast Industrier AB, and others. These entities play a pivotal role in driving innovation and meeting the escalating demands for agricultural films globally.

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Polydress FarmGuard Silage Barrier Films: A Revolutionary Approach Revolutionizing Silage Preservation Innovations in the agricultural films market are exemplified by Polydress FarmGuard, a cutting-edge silage barrier film developed by major players like RKW Group. This seven-layer film redefines silage preservation, offering enhanced protection for livestock feed. The recently launched 100µm Polydress FarmGuard silage barrier film is designed to be 100 times more effective as an oxygen barrier compared to regular silage films, exemplifying the industry’s commitment to excellence.

Cnh Industrial’s Strategic Move: A Game-Changer Acquisition Fuels Global Farm Equipment Presence In June 2021, CNH Industrial N.V. made waves by acquiring Raven Industries Inc. for a staggering $2.1 billion. This strategic move enhances CNH Industrial’s position in the global farm equipment industry, leveraging Raven Industries’ prowess in autonomous and precision agriculture technologies. The acquisition reinforces the industry’s commitment to technological advancements to meet the evolving needs of modern agriculture.

Segmentation Unveiled: Navigating the Diverse Landscape Understanding the Market Segments The agricultural films market is segmented into:

1. Type: Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethylene Vinyl Acetate, Other Types
2. Film: Geomembrane, Agricultural Silage Films, Agricultural Mulching Films, Greenhouse Plastic or Covering Film
3. Application: Agricultural Films for Bale Wrapping and Ensiling, Agricultural Films for Silo Bags Manufacturing, Agricultural Films for Tunnel Covers, Agricultural Films for Bunker Ensiling

Future Outlook: A Glimpse into the Horizon Anticipating Strong Growth The agricultural films market is poised for substantial growth, projecting a climb to $15.94 billion in 2028 at a CAGR of 7.7%. Factors fueling this forecasted expansion include an increasing awareness of organic farming, a surge in research and development, changing consumer preferences, growing urbanization, and the adoption of precision agriculture. Notable trends on the horizon include the rise of biodegradable films, nanotechnology films, multi-function films, and customized film solutions.

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The Agricultural Films Global Market Report 2024  provides comprehensive insights on the agricultural films market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the agricultural films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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