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Agricultural Films Market Size
Agricultural Films Market size exceeded a valuation of USD 11 billion in 2021 and is anticipated to record around 4.5% CAGR from 2022 to 2030. Escalating organic farming practices to drive global market expansion through 2030.
Mounting demand for high-quality food crops backed by the massive rise in world population and a dramatic shift in dietary preferences is seen as a leading factor stimulating the demand for agricultural films. The improving economic landscape and rising disposable incomes have surged the requirement for more nutritious food products.
Plastic agricultural films lead to severe environmental degradation and increase pollution levels. In addition, several recyclability issues associated with these films may impede industry growth through 2030. However, the growing health concerns and the subsequent rise in organic farming practices, driven by the burgeoning demand for organic food grains, vegetables, and fruits, are expected to stimulate the agricultural films market outlook throughout the projection period.
How much is the agricultural films market worth?
Global Market for Agricultural Films surpassed USD 11 billion in 2021 and is expected to exhibit around 4.5% CAGR from 2022 to 2030 due to the burgeoning demand for high-quality food products with improved nutritional composition.
Why is the demand for low-density polyethylene films increasing?
The low-density polyethylene (LDPE) segment accounted for over USD 2.5 billion in 2021 and is anticipated to depict an over 4.5% growth rate through 2030, owing to the powerful product attributes such as water-repellant, moisture, chemical, and temperature resistance and recyclability.
What are the growth projections for agricultural films market in the Asia Pacific?
The Asia Pacific agricultural films industry was worth more than USD 7.5 billion in 2021 and is anticipated to witness over 5% CAGR from 2022 to 2030, driven by the integration of advanced agricultural technologies and the inflating demand for food.
Which are the prominent companies participating in the agricultural films industry?
Major companies in the agricultural films market include Armando Alvarez, BASF SE, Berry Global, Barbier Group Inc, Ab Rani PlastOy, ExxonMobil Chemical, Kuraray Co., Ltd., RKW Hyplast NV., Novamont, The Dow Chemical Company, and PolyExpert.