Agricultural Films Market To Reach $10.53 Billion By 2020: Grand View Research, Inc.
SAN FRANCISCO, September 16, 2015 /PRNewswire/ --
The global agricultural films market is expected to reach USD 10.53 billion by 2020, according to a new report by Grand View Research, Inc. Need to increase productivity to fulfill burgeoning high quality food crops demand of growing population is expected to augment agricultural film industry growth over the forecast period. Stringent government regulations associated with disposal of synthetic polymer films is expected to hinder the market growth over next few years. Biodegradable film manufacturers are expected to have significant opportunities in the next five years.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
Browse full research report with TOC on "Agricultural Films Market Analysis By Raw Material (LDPE, LLDPE, HDPE, EVA, Reclaims), By Application (Green House, Mulching, Silage), And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/agricultural-films-market
Linear low-density polyethylene (LLDPE) was the dominant raw material segment and accounted for over 55% of the global market volume in 2013. LLDPE is widely used owing to its flexibility and moisture-blocking properties. The raw material segment is expected to grow at fastest CAGR of 6.2% from 2014 to 2020. Commercialization of biodegradable polymers is estimated to provide lucrative opportunities for industry participants over the forecast period.
Further key findings from the report suggest:
- Global agricultural films market demand was 4,651.7 kilo tons in 2013 and is expected to grow at a CAGR of 6.0% from 2014 to 2020
- Mulching was the largest application of agricultural films and accounted for over 40% of the total market in 2013. Geographically, the consumption of film type varies according to different climatic conditions, crop patterns, and demand for crops.
- Greenhouse films are predominantly used in Asia and the Middle East due to an increasing demand for ornamental crops. Greenhouse is expected to emerge as the fastest growing application segment owing to high level of commercialization particularly in China and Europe.
- China was the dominant regional market in terms of production and consumption. The region accounted for over 60% of global demand in 2013 and is expected to witness the fastest growth in terms of market penetration. Increasing food demand coupled with large exports to other Asian and European countries may be attributed for high demand in the nation.
- Major industry participants have been investing heavily on R&D for commercializing biodegradable and longer shelf life products. Companies have been collaborating with biotechnology firms in order to ensure sustainable product innovation in near future. Key players operating in global agricultural films market include BASF, ExxonMobil, BP industries (BPI), Trioplast, Armando Alvarez, Ab Rani PlastOy, Group Barbier, Britton Group, Kuraray and Novamont.
Grand View Research has segmented the agricultural films market on the basis of raw material, application and region:
- Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- LDPE
- LLDPE
- HDPE
- EVA/EBA
- Reclaims
- Others
- Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- Green House
- Mulching
- Silage
- Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- North America
- Central & South America
- Europe
- China
- Rest of Asia Pacific
- Middle East & Africa
Browse related reports by Grand View Research:
- Thermoformed Plastics Market - http://www.grandviewresearch.com/industry-analysis/thermoformed-plastics-market
- Polyvinyl Butyral Market - http://www.grandviewresearch.com/industry-analysis/polyvinyl-butyral-market
- Hot Melt Adhesives Market - http://www.grandviewresearch.com/industry-analysis/hot-melt-adhesives-market
- Polybutadiene Market - http://www.grandviewresearch.com/industry-analysis/polybutadiene-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - esorics2010.org, legalworkshop.org, qyresearchreports.biz
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: http://www.grandviewresearch.com
SOURCE Grand View Research, Inc.
Share this article