The Greenhouse Film Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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In accordance with The Business Research Company’s Greenhouse Film Global Market Report 2024, the robust expansion of the greenhouse film market has been a noteworthy trend in recent years. Projected to ascend from $5.7 billion in 2023 to a formidable $6.21 billion in 2024, the market is poised for a commendable compound annual growth rate (CAGR) of 8.8%. The surge in the historical period is ascribed to the manifold benefits such as crop yield enhancement, extended growing seasons, resource efficiency, crop protection, and energy conservation.
Anticipating a vigorous trajectory, the greenhouse film market is set to reach $8.52 billion by 2028, boasting an 8.3% CAGR. This growth in the forecast period is underpinned by the imperatives of sustainable agriculture, biodegradable films, vertical farming, global food security, and smart agriculture technologies. Notable trends on the horizon encompass advanced materials, energy-efficient films, anti-reflective coatings, insect and pest control films, and innovations in vertical farming films.
The rising demand for food production is expected to propel the growth of the greenhouse film market going forward. Food production is the process of producing sellable food items using raw ingredients available from plants and animals. Plastic greenhouses would help to increase and secure the yield. For instance, in April 2022, according to Agriculture Victoria, an Australia-based innovation company for economic growth in Victoria’s agriculture through leading science and strong science capacity data, representing 26.0% of Australian food and fibre export value. Victoria’s food and fibre exports have increased to reach a record $14.5 billion for the 2019–20 period. Therefore, the increase in agricultural production is driving the growth of the greenhouse film market.
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The greenhouse film market covered in this report is segmented –
1) By Resin Type: Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA)
2) By Functionality: Diffused GHF, Photo-Selective GHF, Anti-Dirt GHF, Other Functionalities
3 By Width Type: 4.5 Meter, 5.5 Meter, 7 Meter, 9 Meter, Others Width Types
4) By Thickness: 80<200 Microns, 200 Microns, >200 Microns
5) By Application: Vegetable, Fruit, Flower, Others (Transplants and Ornamental)
Top 5 Major Players:
- BASF SE,
- Berry Global Inc
- EIFFEL Industry Plastics S.p.A
- Essen Multipack Limited
- Exxon Mobil Corporation
A pivotal trend gaining momentum within the greenhouse film market is product innovation. Leading companies in the sector are ardently investing in groundbreaking technological solutions to fortify their market standing. A case in point is the initiative undertaken by BASF, a prominent German greenhouse film entity. In September 2021, BASF is poised to introduce IrgaCycleTM, a suite of additive solutions designed to address pressing concerns in plastic recycling. This revolutionary development enhances the mechanical properties of recycled plastics across diverse industries, elevating the quality of post-consumer and industrial polyolefin material for reuse in flexible, molding, and rigid applications. Moreover, it plays a pivotal role in augmenting the percentage of recycled content for various end-users.
The greenhouse film market report table of contents includes:
1. Executive Summary
2. Greenhouse Film Market Characteristics
3. Greenhouse Film Market Trends And Strategies
4. Greenhouse Film Market – Macro Economic Scenario
5. Global Greenhouse Film Market Size and Growth
….
31. Global Greenhouse Film Market Competitive Benchmarking
32. Global Greenhouse Film Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Greenhouse Film Market
34. Greenhouse Film Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Greenhouse Film Market, Segmentation By Resin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Greenhouse Film Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Greenhouse Film Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: BASF SE Financial Performance
Table 75: Berry Global Inc. Financial Performance
Table 76: EIFFEL Industry Plastics S.p.A Financial Performance
Table 77: Essen Multipack Limited Financial Performance
Table 78: Exxon Mobil Corporation Financial Performance
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