Agricultural Films & Bonding Market Forecasts to 2030 - Global Analysis By Product (Twine, Films, Nettings and Other Products), Films Type (Shrink, Metallized, Release, Stretch and Twist), Raw Material, Colour, Application and By Geography

According to Stratistics MRC, the Global Agricultural Films & Bonding Market is accounted for $11.57 billion in 2023 and is expected to reach $19.97 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Agricultural films are thin plastic materials used in farming to cover soil, preserve moisture, control weeds, and protect crops from pests and harsh weather. Bonding in agricultural film installation refers to the process of securely attaching the film to the soil or other surfaces. Effective bonding promotes film longevity and maximizes its benefits in agricultural applications.

According to a study by Advances in Material Sciences and Engineering in 2017, the consumption of plastic material in the agriculture industry has been expected to be about 5 million tons per year globally.

Market Dynamics:

Driver:

Increasing demand for food production

With a burgeoning global population and diminishing arable land, there's a pressing need for enhancing agricultural productivity. Agricultural films and bonding materials play a crucial role in this pursuit by optimizing resource utilization, protecting crops from pests and adverse weather conditions, and improving yield and quality. These solutions enable farmers to implement efficient farming practices such as precision agriculture and protected cultivation, contributing to the sustainable intensification of agriculture and ensuring food security for the growing population amidst evolving climatic challenges.

Restraint:

Environmental concerns

Environmental concerns surrounding Agricultural Films & Bonding primarily revolve around the disposal and pollution associated with plastic films. Improper disposal of these materials can lead to soil and water contamination, harming ecosystems and wildlife. Additionally, plastic films contribute to plastic waste accumulation, exacerbating environmental pollution and posing long-term risks to biodiversity and human health. This concern hampers market growth as stakeholders seek eco-friendly solutions.

Opportunity:

Mounting advancements in farming techniques

Advancements in farming techniques, such as precision agriculture and protected cultivation, propel the sector by increasing the need for efficient resource management and crop protection. Precision agriculture benefits from the use of agricultural films to optimize water and nutrient distribution. Protected cultivation systems, such as greenhouses and high tunnels, require films for climate control and pest exclusion. These techniques enhance crop yield, quality, and consistency, driving demand for films and bonding materials that facilitate their implementation, thereby fostering growth in the agricultural films & bonding market.

Threat:

High initial investment

Agricultural Films & Bonding entail high initial investment due to the costs associated with purchasing the films themselves, along with the necessary equipment and materials for proper installation and maintenance. Additionally, specialized bonding techniques may require investment in machinery or skilled labor. This high initial investment can deter farmers, particularly those with limited financial resources, from adopting these technologies, thereby slowing market growth.

Covid-19 Impact

The covid-19 pandemic has had mixed impacts on the agricultural films & bonding market. While initial disruptions in supply chains and labor availability slowed down market activities, the essential nature of agriculture mitigated long-term effects. Increased focus on food security and self-sufficiency during the pandemic prompted some farmers to invest in technologies like agricultural films for crop protection and yield optimization. However, economic uncertainties and shifting consumer preferences have led to cautious spending patterns, influencing market dynamics. Overall, the market has shown resilience but with varying degrees of impact across regions and sectors.

The nettings segment is expected to be the largest during the forecast period

The nettings segment is estimated to have a lucrative growth, due to its various purposes in farming applications. They are commonly used for crop protection, providing a physical barrier against pests, birds, and other harmful organisms, thereby reducing the need for chemical pesticides. Nettings also aid in shade regulation, windbreak, and support for climbing plants.. The versatility and effectiveness of nettings make them integral to agricultural operations, contributing to improved crop yield, quality, and environmental sustainability.

The greenhouse segment is expected to have the highest CAGR during the forecast period

The greenhouse segment is anticipated to witness the highest CAGR growth during the forecast period. Agricultural films & bonding materials create a controlled environment by regulating temperature, humidity, and light levels, optimizing plant growth and development. Films provide protection from external elements such as wind, rain, and pests, reducing crop damage and improving yield consistency. Bonding materials ensure secure attachment of films to greenhouse structures, preventing leaks and ensuring durability. Overall, they enhance productivity, crop quality, and resource efficiency in greenhouse agriculture.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's expanding agricultural sector and increasing adoption of modern farming techniques. Countries like China, India, and Japan are key contributors to market expansion due to their large agricultural economies and government initiatives promoting sustainable agriculture. Additionally, technological advancements and increasing investments in agricultural infrastructure continue to drive innovation and market penetration in the Asia Pacific region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the stringent regulations promoting sustainable agricultural practices and the adoption of advanced farming techniques. Countries like Germany, France, and Spain are leading contributors to market expansion due to their sizable agricultural sectors and emphasis on environmental stewardship. Technological innovations and government support for eco-friendly solutions further stimulate market growth in the European region.

Key players in the market

Some of the key players profiled in the Agricultural Films & Bonding Market include Berry Global Inc., The Dow Chemical Company, BASF SE, ExxonMobil Corporation, RKW Group, Armando Alvarez Group, The Griff Network, AEP Industries Inc., Grupo Armando Alvarez, Plastika Kritis S.A., Kuraray Limted, Ab Rani Plast Oy, Novamont S.p.A., Hyplast NV, Coveris Holdings S.A., BioBag International AS, Britton Group and Trioplast AB.

Key Developments:

In April 2022, Coveris launched a product named Unterland R, a new stretch film for wrapping silage, which incorporates at least 30% recycled material from gathered agricultural films and bonding.

Products Covered:

• Twine
• Films
• Nettings
• Other Products

Films Types Covered:

• Shrink
• Metallized
• Release
• Stretch
• Twist

Raw Materials Covered:

• Ethylene-Vinyl Acetate (EVA)
• Polypropylene (PP)
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Other Raw Materials

Colours Covered:

• Black
• White
• Silver/Reflective
• Yellow/Blue
• Transparent/Clear
• Other Colours

Applications Covered:

• Silage
• Greenhouse
• Vegetable/Fruit Packing
• Mulching
• Bale
• Anti-insects
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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