Agricultural Films Market Growing Trade Among Emerging Economies Opening New Business-Opportunities
Agricultural Films Market: Overview
The
agricultural films help to preserve the nutrients present in the soil.
Agricultural films also contribute to maintaining the moisture content of soil
and minimizing the adverse effect of weeds on the soil. These films are made up
of high-density polyethylene, low-density polyethylene,
ethylene, reclaims, and vinyl acetate.
The
growing demand for agricultural films in farming applications has augmented the
growth of the agricultural films market. According to the market studies
conducted by TMR, the agricultural films market is projected to expand at a
CAGR of 7.4% during the forecast period of 2018-2026.
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Environmental Concerns Trigger Growth of Agricultural Films Market
The
increasing awareness about the conservation of the environment has given rise
to the adoption of biodegradable products. The stringent regulations about the
environmental impact on agriculture have led to the use of specially developed
film applications in farming. These films are certified compostable and are
made of biobased content.
In
addition, these films incorporate a protective layer and conducive environment
for the proper growth of fruits, vegetables, and crops. Agricultural films are
also wrapped around the fodder to preserve them. Furthermore, they are covered
over greenhouses to control the temperature and maintain the required climatic
conditions. Hence, the demand for biodegradable agricultural films has grown
substantially. These factors have propelled the growth of the agricultural
films market.
In
rural areas, the use of agricultural films is prominent as the demand for
organic food grains,
fruits,
and vegetables has accelerated due to the rising health awareness among the
masses. Agricultural films are used in modern farming and help in increasing
the output. These films also ensure higher yield along with the utilization of
the harvest. All these aforementioned factors have spurred the growth of the
agricultural films market.
Asia Pacific to
Contribute Towards Market Growth
Asia Pacific is expected to account for the largest
chunk of the agricultural films market share during the forecast period of
2018-2026. Owing to the availability of arable land, in several countries such
as India and China, the need for agricultural activities is increasing in the
Asia Pacific market. Further, the government initiatives for promoting the use
of green products in farming also have led to substantial growth of the
agricultural films market. The other regional segments such as North America,
Europe, the Middle East, and Africa are estimated to show steady growth in the
agricultural films market.
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Key Players Indulge
In R&D Activities to Increase Production of Agricultural Films
The manufacturers in the agricultural films market
try to increase their revenues through R&D activities, strategic
collaborations, and investments. The players in the agricultural films market
are also focusing on making a mark across the personal care sector. Therefore,
the growing influence of agricultural films in numerous agricultural practices
may serve as growth accelerators for the agricultural films market.
In addition, R&D activities help in developing
new formulations and strategies to increase the production of agricultural
films. The agricultural films market is largely consolidated. A few
well-established players are responsible for a large growth share.
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