How Has The Agricultural Films Market Performed, And What Are Its Growth Prospects?
The agricultural films market has exhibited strong growth in recent years. It is expected to surge from $11.77 billion in 2024 to $12.63 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The historic period saw a rise in organic farming, awareness of the environmental impact of chemical pesticides and fertilizers, growth in global population, and emerging economies as key market drivers. The market is set to see robust growth in the near future, projected to reach $17.55 billion in 2029 at a CAGR of 8.6%. The anticipated growth can be attributed to factors like increasing food demand, favorable government policies, demand for higher crop yields, adoption of precision agriculture, and rise in disposable income.
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What Are The Driving Factors For The Agricultural Films Market Growth?
The agricultural films market’s growth is largely driven by a global focus on enhancing agricultural productivity. This is denoted by total output per unit of a single input, including land productivity (yield) and labor productivity. With a growing population and decreasing agricultural lands, there is a burgeoning demand for greater productivity from existing agricultural lands. For instance, GOV.UK reported in July 2024 that the annual average price index for all agricultural outputs increased by 1.4% between 2022 and 2023. Poultry was the main contributor to this inflation rate, followed by potatoes and pigs. Therefore, the increasing focus on improving agricultural output propels the agricultural film market’s growth.
What Are The Main Segments In The Agricultural Films Market?
The agricultural films market is classified based on:
1) Type: Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethylene Vinyl Acetate, Other Types
2) Film: Geomembrane, Agricultural Silage Films, Agricultural Mulching Films, Greenhouse Plastic Or Covering Film
3) Application: Agricultural Films For Bale Wrapping And Ensiling, Agricultural Films For Silo Bags Manufacturing, Agricultural Films For Tunnel Covers, Agricultural Films For Bunker Ensiling
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Which Leading Companies Are Operating In The Agricultural Films Market?
Leading companies in the agricultural films market include Berry Global Inc., Kuraray Co. Ltd., Coveris Group, Trioplast Industrier AB, Armando Alvarez Group, RKW Group, AL-PACK Enterprises Ltd., RPC Group plc, The Dow Chemical Company, BASF SE, Ab Rani Plast Oy, INDEVCO Group, Takiron Co. Ltd., Britton Group Inc., Anhui Guofeng Plastic Industry Co. Ltd., Plastika Kritis SA, Novamont SpA, ExxonMobil Chemical, Barbier Group, INDVECO Group, AGRIPOLYANE, AEP Industries Inc., Novolex Holdings Inc., Plastibell SpA, Polifilm GmbH, Groupe Guillin SA, Ginegar Plastic Products Ltd., Agriplast Tech India Pvt. Ltd., CI Takiron Corporation, Novolex Holdings Inc..
What Are The Emerging Trends In The Agricultural Films Market?
The market is seeing the advent of biodegradable polymers to enhance production. Major corporations are investing in these polymers with competitive mechanical properties to replace petroleum-based commodity plastics. For instance, in March 2022, Solvay S.A., a Belgian-based chemical manufacturing company, launched Jaguar, a guar-based biodegradable polymer solution used to develop sustainable farming methods. This material provides greater strength and an aesthetic appearance.
Which Region Is Leading The Agricultural Films Market?
Asia-Pacific was the largest region in the agricultural films market in 2023. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Agricultural Films Market Report 2025 Offer?
Agricultural films refer to covering material, whether or not in rolls. This can be used for composting, row coverings, hay bags, silo caps, trench silo covers, plant bed covers, and for preserving fodder. The commonly used raw materials in agricultural films are low-density polyethene (LDPE), ethylene-vinyl acetate (EVA), or ethylene-butyl acrylate (EBA) copolymers, and linear low-density polyethene (LLDPE). The Agricultural Films Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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