Market Research Report
Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Agricultural Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
Published: December 5, 2020
IMARC Services Private Limited
Content info: 136 Pages
Delivery time: 2-3 business days
The global agricultural films market grew at a CAGR of around 7% during 2014-2019. Agricultural films are used to enhance crop quality, ensure optimal utilization of the harvest and protect the soil from adverse weather conditions and proliferation of weeds. These films also aid in controlling humidity levels in crop fields, thereby maintaining internal temperature and preventing evapotranspiration. Various types of agricultural films are currently available, depending on the application. In recent years, the development of advanced agricultural films, such as ultraviolet (UV)-blocking, near-infrared (NIR)-blocking, fluorescent and ultra-thermic films, is driving their demand worldwide.
With the continual growth in the global population, a decline in the availability of adequate arable land and an increase in the consumption of agro-based products, there is a significant rise in the need for land with optimum agricultural productivity. This, along with the growing food and beverage (F&B) industry, represents one of the key factors bolstering the market growth. Apart from this, the introduction of environment-friendly agricultural films, which are made from compostable and bio-based raw materials, is acting as another major growth-inducing factor. Moreover, the growing popularity of horticulture, increasing adoption of sustainable farming methods and the development of innovative product variants, such as bags for grain storage, are other factors contributing to the market growth. Furthermore, the escalating demand for organic and natural food products is positively impacting the growth of the market. However, disruptions in the global supply chains and the unavailability of adequate labor due to the outbreak of the coronavirus disease (COVID-19) are hindering the market growth. Looking forward, IMARC Group expects the global agricultural films market to continue its moderate growth during the next five years.