Agricultural Films Market: Structure and Overview of Key Market Forces Propelling Market

Posted on 2019-09-09 by Mark Hub in Chemicals // 0 Comments

In Brief:

The agricultural films market registered a CAGR of over 4.0% during 2013 to 2017.
Gains continue to remain driven by the introduction of innovative and eco-friendly products in the agriculture films industry, along with the constantly growing demand for food. Agricultural films sales in 2018 surpassed revenues worth US$ 9 Bn, and is estimated to record a Y-o-Y growth at over 5% in 2019.

Read Report Overview:

https://www.factmr.com/report/3450/agricultural-films-market

East Asia continues to remain the leading market for agricultural films, with China at the forefront. Intensifying cross-industry collaborative efforts in the country is a vital aspect bolstering agricultural production, and in turn demand for agricultural films.
South Asia is estimated to emerge as a high growth region for the agricultural films market with the presence of numerous agriculture-dependent countries in the region. Additionally, increasing government investments into boosting agricultural production is expected to significantly favor growth of the agricultural films industry.

What are the Factors Propelling the Growth of Agricultural films Market?

A recent surge in the legalization of marijuana and hemp has directly influenced the demand for agricultural films. The legalization of recreational marijuana in Canada, hemp cultivation in the US, and intense progressivism for medical marijuana across Europe, are collectively expected to create lucrative opportunities for agricultural films industry players. Plastic mulch is finding widespread adoption in the cultivation of hemp and marijuana, owing to their affordability and effectiveness in improving the crop yield.

Responding to the environmental abuse of plastic, administrative authorities worldwide are issuing stringent guidelines for use of the material across industries. As technological headways continue to succor the development of eco-friendly and biodegradable films, lucrative opportunities are imminent for players in the agricultural films market. Manufacturers in the agricultural films market are directing their efforts towards the development and launch of eco-friendly products, to capitalize on the burgeoning demand.
Agricultural films incorporated with insecticides and pesticides are gradually gaining traction, alongside advancements in nanotechnology that underpin agricultural films market players in commercializing the production of pesticide or insecticide-releasing variants.
Plasticulture has emerged as a boon for the agricultural films market players, in light of their cost-effective nature. Reduced water wastage, prevention of soil erosion, and crop protection from external contaminants, are key benefits of the agricultural films driving their sales. Plasticulture is being eyed as an effective solution to cater the global food demand, while minimizing the expenses incurred for cultivation.

Get the Discount on the Report:

https://www.factmr.com/connectus/sample?flag=D&rep_id=3450

Introduction of agriculture film laying machines has enabled time-effective and effortless laying down of films on a large scale. Growing competition in the area is expected to uphold agricultural films sales, with film laying machine manufactures introducing cost-effective and high-performance models to consolidate their position in the market.