Greenhouse Film Market to Grow at 8.1% CAGR through 2025, Asia Pacific to be the Largest Market Globally

ALBANY, USA, 2018-May-29 — /EPR Network/ —A new research study titled, “Greenhouse Film Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the comprehensive research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global greenhouse film market is likely to reach a valuation of nearly US$ 6.9 Bn by the end of the forecast period, expanding at a CAGR of 8.1% through 2025.

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According to the research study, growing emphasis on protecting crops from extreme temperatures and pests is likely to fuel the demand for greenhouse films during the assessment period. Farm owners are focusing on boosting their protection apparatus to ensure their crops are not damaged due to the extremes of temperature. Further, growing crops that are hindered due to the climatic conditions, such as wind, heat, rain, and storms is also fuelling the demand for greenhouse films during the assessment period.

Although the research study has a positive outlook on the greenhouse film market, the associated costs mean that adoption of greenhouse films is still at a nascent stage. Many crop growers still rely on traditional methods to save on the associated costs of greenhouse films. In addition to the initial investment, maintenance of greenhouse films is also an arduous task, which involves physical and financial expenditure. Prospective consumers are aware of the challenges associated with greenhouse films maintenance, and these factors are dissuading investment in this sector. To address these issues, key market participants are conducting sessions and awareness programs and educating farmers about the benefits of using these products.

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According to the research study, the greenhouse films market continues to remain highly fragmented, and a number of players are vying for gaining sizeable share of the market. The report finds that merger and acquisition activity is high in this market, and large players are acquiring smaller players to gain regional and local expertize, and strengthen their distribution channels.

The research report has segmented the market on the basis of resin type, applications, and thickness. The research report has also segmented the market on the basis of region. According to the study, Asia Pacific continues to be one of the leading markets for greenhouse films market. Many countries in Asia Pacific are dependent on agriculture for their economy, and this is likely to provide an impetus to growth during the assessment period. Overall, the research study has a positive outlook on the greenhouse films market, and manufacturers can expect a steady stream of opportunities to emerge in this landscape.

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