Agricultural Films Market Trends and Outlook by Industry Players
Apr 07, 2022 (Market Insight Reports) —
Global agricultural films market size will expand in view of robust demand for these films in applications like mulching, silage and across greenhouses. A concerted effort to streamline food production will drive the adoption of agricultural films. Escalating wastage concerns has motioned film manufacturers to focus on developing products that can help reduce water wastage, boost crop protection and prevent soil erosion. Companies are introducing cost-effective and durable sprayable biodegradable polymer membrane technology to replace the petroleum-based plastic mulch films that can damage the soil.
Recently, the agricultural films market witnessed a notable impact from the COVID-19 pandemic as a slowdown in agricultural activities led to a dip in film production in 2020. The agriculture industry will witness a marginal influence from the outbreak. Agricultural plastics is expected to increase, while the impact on silage bags will be notable. Moreover, the shortage in manpower in horticulture could further dent the industry outlook.
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Agricultural film suppliers are likely to focus on production capacity for silage bags and greenhouses, thereby boosting business prospects. According to a study, the agricultural films market size will surpass USD 12 billion by 2022.
Leading companies are likely to emphasize on trends and other dynamics to overcome challenges from the outbreak. Some of these trends are illustrated below:
Demand for LDPE to be pronounced
The trend for low-density polyethylene will be noticeable with rising demand for recyclable films. Some of the factors such as chemical and temperature resistance will play a pivotal role in expanding the penetration of LDPE in the agriculture films industry. Demand for LDPE products could surpass 800-kilo tons by 2022. LDPE raw material will be sought in farming to combat harsh climate conditions and lack of water supply.
Greenhouse films to be highly sought-after
The agriculture films market share from the greenhouse films segment will grow at a considerable rate by 2022. Greenhouses have witnessed increased popularity across the globe, especially in North America. Advanced economies are investing in greenhouse films to gain higher yields and modify the microclimate of the plants. The application of greenhouses will provide farmers with the chance to create ideal environmental conditions for faster and safer growth of plants, to protect crops and avoid extreme temperatures.
Demand for mulching to soar
Mulching is slated to spur in the agricultural sector as it helps maintain humidity and can enhance thermal conditions for the plant’s roots. Mulch films will potentially provide considerable value to the agricultural sector, helping produce better quality crops and larger harvests. Increasing traction for mulching is mainly attributed to its ability to contain weed growth, prevent moisture loss, change soil temperature and augment agricultural productivity. The influence of mulch films on soil pollution may trigger the trend for biodegradable mulch films. Biodegradable plastic mulches may offer an environmentally sustainable alternative to conventional mulch.
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Europe to be a major investment hub
Europe is likely to be one of the major producers of agriculture films, with the adoption of advanced farming techniques slated to gain uptick across the region. The trend for controlled agriculture will potentially pick pace amid depleting arable land. Meanwhile, the penetration of agriculture films that can be recycled will witness substantial growth.
The competitive landscape of the global agricultural films market indicates an increased focus on mergers & acquisitions, product launches and partnerships. Some of the leading companies in the industry are BASF, Dow Chemicals, Kuraray, British Polyethylene Industries and Barbier Group, among others. For instance, Dow joined forces with Packaging Industries Limited (PIL) in December 2020 to introduce silage bags for small-scale dairy farmers in Kenya. The silage innovative bags will help reduce waste and enhance silage storage. Meanwhile, BASF introduced biodegradable mulch films to help farmers boost harvest, save money and time. It is worth noting that strong demand for agricultural products to improve crop yield will spearhead the trend for silage, mulch and greenhouse films.
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