Agricultural Films Market by Type (Greenhouse Films, Mulching Films, Silage Films), Raw Material (Conventional Plastics {LLDPE, LDPE, HDPE}, Biodegradable Plastics {Thermoplastic Starch, Polyhydroxyalkanoates, Polylactic Acid}) - Global Forecast to 2031

The Agricultural Films Market was valued at $13.73 billion in 2023. This market is expected to reach $23.39 billion by 2031, from an estimated $14.65 billion in 2024, at a CAGR of 6.9% during the forecast period 2024-2031.

Agricultural Films Market Size & Forecast

The growth of this market is driven by the increasing food demand owing to the rise in population, adverse effects of global warming and changing climate conditions, growing demand for high-quality food crops, and rising innovations in agricultural films. However, the high cost associated with the installation and stringent environmental regulations on plastic usage restrain the growth of this market. Moreover, the rising number of nano greenhouses and the growing number of biodegradable films in developed regions is expected to generate significant growth opportunities for the stakeholders in the agricultural films market. On the other hand, environmental concerns and plastic waste pose major challenges to market growth.

Agricultural Films Market: Competitive Analysis

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the agricultural films market are Berry Global Group, Inc. (U.S.), Coveris Flexibles UK Ltd. (U.K.), RKW SE (Germany), BASF SE (Germany), Ab Rani Plast Oy (Finland), Exxon Mobil Corporation (U.S.), POLIFILM GmbH (Germany), PLASTIKA KRITIS S.A. (Greece), Armando Álvarez S.A. (Spain), Novamont SpA (Italy), Groupe Barbier (France), Sigma Plastics Group (U.S.), The Dow Chemical Company (U.S.), Agripolyane (France), and Trioworld Industrier AB (Sweden).

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Growing Demand for High-quality Food Crops Driving Market Growth

There is an increasing need to enhance agricultural productivity and efficiency to improve yield to cater to the rising global population. Agricultural films play a crucial role in modern farming practices by providing protective coverings for crops, promoting optimal growing conditions, and mitigating environmental risks. With consumers becoming more discerning about the quality and safety of their food, farmers are under pressure to adopt advanced agricultural techniques to ensure the production of high-quality crops.

The key benefit of agricultural films is their ability to create a controlled environment for crops and shield them from adverse weather conditions, pests, and diseases. This protection not only helps to improve crop yields but also ensures the production of healthier and more visually appealing fruits & vegetables. As consumers become more health-conscious and demand fresher and safer produce, farmers are increasingly turning to agricultural films to meet these expectations. Additionally, agricultural films also aid in water conservation efforts by reducing evaporation and optimizing irrigation practices, further contributing to the sustainable production of high-quality food crops.

Furthermore, the adoption of agricultural films is being driven by the need for sustainable farming practices. These films help minimize the use of pesticides and fertilizers by creating a barrier against pests and weeds, thereby reducing the environmental impact of conventional farming methods. Moreover, agricultural films enable farmers to extend the growing season, allowing for multiple harvests in a year and maximizing land productivity. As the focus on sustainable agriculture continues to grow, the demand for high-quality food crops produced with the help of agricultural films is expected to drive further market expansion.

Thus, the growing demand for high-quality food crops due to growing health-conscious consumers is expected to drive the adoption of agricultural films, boosting the growth of this market.

Key Findings in the Agricultural Films Market Study:

The Greenhouse Films Segment to Witness Highest Demand During the Forecast Period

Based on type, the agricultural films market is segmented into greenhouse films, mulching films, silage films, and other types. In 2024, the mulching films segment is expected to account for the largest share of the agricultural films market. The segment’s large market share is mainly attributed to its benefits, such as inhibiting the growth of weeds, preventing moisture loss, regulating soil temperature, and improving crop yield. In addition, mulching films minimize the need for pesticides and conserve water, which aligns with sustainable and environmentally friendly farming techniques. Farmers across a variety of agricultural landscapes appreciate the economic and environmental benefits of mulching films, which has led to their widespread use.

However, the greenhouse films segment is projected to witness significant growth during the forecast period of 2024–2031. The rapid growth of this segment is mainly driven by its low installation costs, increased soil protection, controlled climatic conditions, control of pests and diseases, and the high durability of greenhouse films.

The Conventional Plastics Segment Expected to Dominate the Agricultural Films Market in 2024

Based on raw material, the agricultural films market is segmented into conventional plastics and biodegradable plastics. In 2024, the conventional plastics segment is expected to account for the largest share of the agricultural films market. The segment’s large market share is mainly attributed to its easy availability, low cost, excellent mechanical properties, flexibility, resistance to cracking and UV rays, and high tensile strength. In addition, it can be employed to make thinner films with better environmental stress and good resistance to chemicals.

Asia-Pacific Expected to Dominate the Agricultural Films Market in 2024

Based on geography, the agricultural films market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, the Asia-Pacific region is expected to account for the largest share of the agricultural films market. The large share of this regional market is mainly attributed to the increasing population, growing awareness about the benefits of modern farming techniques, rising demand for food, favorable regulations & government policies on agricultural produce & trade, and growing emphasis on high-value and export-oriented cultivation of fruits & vegetables.

Agricultural Films Market Report Summary:

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