Agricultural Films Market Overview:
Agricultural Films Market size was valued at around USD 9 Bn in 2018 and is expected to cross USD 13 Bn at CAGR of 7% by 2023.
Agricultural Films use plastic materials in various agricultural applications. The increasing population and increasing demand for agricultural produce globally drive the market for such films majorly in the regions of APAC. The regions constitute highly agricultural dependent economies along with increasing disposable income. This calls for increased volume of the crops, cereals and other produce from the region.
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Agricultural Films Market Key Players:
Agricultural Films Market report include: The Dow Chemical Company, ExxonMobil Corporation, BASF SE, British Polythene Plc., Grupo Armando Alvarez, Berry Plastics Group Inc., Henan Yinfeng Plastic Co. Ltd, Britton Group and Trioplast Industries AB.
Agricultural Films Market Research Analysis:
The market is highly application based. The key driver for market growth is increased emphasis on global agricultural output due to the rising food demand of the increasing population. This is backed by the need to facilitate the area of controlled agriculture by providing materials that drives farming. It is expected that the global agricultural films market will advance with higher growth rate as compared to previous years. However, the current challenge for the market is the harmful effect of these plastic films on the ecology.
Based on region, APAC takes the lead as the largest and fastest growing market, followed by North America and Europe. It accounts for over 75% of the global consumption. APAC, due to its rising population and increasing disposable income, demand high volume of food crops and other cultivated produce. Furthermore, the government initiatives taken for agricultural reforms augment the demand for the plastic films from the region. The region has also seen a lot of investment in R&D to protect the health of the crop and soil, which further fuels the growth of the market.
Agricultural Films Market Competitive Landscape:
Agriculture Films Market consists of established chemical industry players which have been driving the growth of this market through market strategies. The market as a whole represents significant growth which is directly proportional to the growth of agriculture industry. The major players profiled in this market are The DOW Chemical Company, ExxonMobil Corporation, BASF SE, British Polythene, Inc, Grupo ArmandoAlvarez, Beery Plastic Group nc, Henan Yinfeng, Plactic Co, Britton Group, and Trioplast Industries AB. The major industry players are adopting the expansion as a key market strategy to penetrate in to global market and to exploit the growth offered by this market. As per our analysis, uncertain environmental changes expected to drive the industry competition globally. Established players in this market to offer supreme competitor to new industry players and eliminate the entry. Market alliances activities to a support the market growth in undeveloped geographies while tapping the non-addressed markets.
Agricultural Films Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Agricultural Films Market
Agricultural Films Market Table of Content to be Continue…….,
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