The global greenhouse film market size is projected to grow from USD 6.4 billion in 2020 to USD 10.4 billion by 2025, at a CAGR of 10.3% between 2020 and 2025. APAC is estimated to be the largest consumer of greenhouse film. Global focus on increasing agricultural output, increased demand for greenhouse-cultivated crops, and growth in areas for greenhouse-protected cultivation are the key driving factors for the market.
The rising population in the APAC region is the key factor driving the market for greenhouse films. It has increased the demand for food, thereby exerting pressure on agricultural yield. China is the leading producer and consumer of greenhouse films in the region. India is an agriculture-based economy. In Japan, the demand for vegetables and flowers is being meet by crops cultivated in the greenhouse. South Korea is also one of the major markets of greenhouse films, after China and Japan.
The key players operating in the greenhouse film market are Ginegar Plastic Products Ltd (Israel), PLASTIKA KRITIS S.A. (Greece), RKW Group (Germany), Berry Global, Inc (US), and Grupo Armando Alvarez (Spain). These players have adopted various strategies, such as merger & acquisition, new product launch, and joint venture & partnership to grow. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their global presence.
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Ginegar Plastic Products Ltd (Israel) is engaged in the agricultural products business. The company is the largest developer and producer of cover films for agricultural applications in Israel. It is a leading producer of advanced films for agricultural and non-agricultural applications. Moreover, the company provides agricultural films, mulch films, barrier films, HDPE films, and bags for chemical fertilizers. The plastic films manufactured are based on polyethylene, and its derivatives, including LDPE, HDPE, EVA, and LLDPE, and serve a variety of applications. The company supplies its products in Europe and other regions. In June 2017, the company announced the acquisition of Flextech, a plastic film manufacturer for agriculture, wind energy, automotive, manufacturing plants, ship-building, and packaging industries, for USD 7.8 million.
Plastika Kritis S. A. (Greece) is one of Europe’s leading producers of masterbatches and agricultural films. The company specializes in the production of masterbatches, agricultural films, geomembranes, recycled plastics, and polyethylene pipes. It serves the plastics industry, horticultural & agricultural markets, as well as projects related to water management and environmental protection. It has a global presence with manufacturing facilities in France, Romania, Poland, Russia, Turkey, and China. It exports its products to more than 60 countries. Additionally, the company, through its affiliates, produces agricultural films and geomembranes in China and France. In June 2019, the company developed new EVO AC films. These EVO AC films consist of 8 layers and are based on nanomaterials for the longest-lasting anti-dripping effect.
These films are expected to have better performance compared to other films where additives that migrate to their surface and get gradually depleted within 1-2 years.
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