Global Agricultural Films Market By Raw Materials(Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA), Reclaim, Others), By Application(Soil Protection, Crop Protection, Greenhouse, Silage, Mulching, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Market Overview

The global agricultural films market size is expected to be worth around USD 21.2 billion by 2033, from USD 11.7 billion in 2023, growing at a CAGR of 6.1% during the forecast period from 2023 to 2033.

The expected growth will be driven by an increasing food demand as a result of the population explosion, and a rising need for optimal agricultural productivity. Factors like rising demand for high-quality crops, and declining arable land will also be factors that will propel product demand.

Agricultural films are used to cover greenhouses. They can be placed on soil or wrapped around the feed. These films are used to improve crop quality and increase productivity. The commercialization of specialty coverings has resulted in a rise in agricultural productivity needed to supply the daily food demand.

Note: Actual Numbers Might Vary In Final Report

Key Takeaways

• Market Growth Projection: The agricultural films market is expected to grow significantly, reaching around USD 21.2 billion by 2033 from USD 11.7 billion in 2023, with a projected CAGR of 6.1%. This growth is primarily driven by the increasing demand for food due to population growth and the need for enhanced agricultural productivity.
• Raw Material Dynamics: Linear Low-Density Polyethylene (LLDPE) stands out as the fastest-growing raw material segment, with an expected growth rate of 36.4% between 2023-2032. This growth is attributed to its durability and excellent thermal properties. Other materials like EVA/EBA and HDPE are also crucial in specific agricultural applications.
• Application Insights: Greenhouse applications accounted for 42% of the market revenue in 2023, owing to their ability to maintain soil temperature and water retention, enhancing crop quality. Mulch films are vital in dry regions to ensure crop survival and increased yield. Silage applications aid in retaining moisture, fostering anaerobic fermentation, and boosting nutritional value.
• Market Drivers: The increasing focus on agricultural crop yield due to surging global population demands is a significant driving force. This necessitates the adoption of controlled agriculture to meet the escalating food demand.
• Environmental Concerns: Plastic-based agricultural films contribute to environmental harm, posing challenges due to improper disposal and recycling. This presents opportunities for innovation, especially in the development of biodegradable materials and the adoption of nano greenhouses.
• Regional Analysis: The Asia Pacific leads the market, driven by mulch usage and government initiatives in protected agriculture practices. Europe faces stagnant growth due to stringent environmental regulations, while North America’s mature market anticipates slow demand.
• Key Players and Innovations: The market is fragmented, with both large companies and small-scale players. Companies are investing in R&D for innovative products and strategies like mergers, acquisitions, and supply chain enhancement.

Raw Material analysis

Linear Low-Density Polyethylene (LLDPE), which was the top raw material segment in 2023, is expected to see the fastest 36.4% between 2023-2032. Market penetration is expected to increase due to its high durability, extended shelf life, and excellent thermal properties.

EVA/EBA and HDPE products are used in agriculture applications that require rigidity. HDPE products are mainly used in fumigation and mulching applications. Reclaims can be recycled and have high tensile strengths. The prices for these products aren’t as competitive as other conventional polymers.

Other agricultural films made of PVC and EVOH, however, have low market penetration due to low-cost prices, poor durability of the finished products, and their non-biodegradable nature. The industry is expected to see immense growth in the future thanks to the development of bioplastic PVC films and other innovative products.

Application analysis

In 2023, Greenhouse was responsible for 42% of the total market revenue. The forecast period will see an increase in demand for high-quality crops and rising disposable incomes. Due to its ability to maintain soil temperature and soil water retention and inhibit the growth of seeds.

Mulch films can be used in areas where crop survival is crucial. Mulch films are used in dry regions where crops need to be maintained. Agrifilms can also be used to increase the quality and yield of crops.

Market growth is expected to be positive due to the growing popularity of greenhouse agriculture in Asia, the Middle East, and Western Europe. The segment’s expansion will be aided by factors such as the increasing demand for floriculture, horticulture, and unfavorable climatic conditions.

The product’s use in greenhouses can also improve productivity and plant cultivation. Moreover, silage applications can increase the nutritional value and milk production. The market is expected to grow in the coming years due to rising product demand for animal fodder from forage plants. Market growth will be aided by silage’s properties, such as its ability to retain moisture and facilitate anaerobic fermentation.

Note: Actual Numbers Might Vary In Final Report

Key Маrkеt Segments

By Raw Materials

• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Linear Low-Density Polyethylene (LLDPE)
• Ethylene Vinyl Acetate (EVA)
• Reclaim
• Others

By Application

• Soil Protection
• Crop Protection
• Greenhouse
• Silage
• Mulching
• Others

Drivers

Focus on agricultural crop yield

The demand for food has surged across continents due to rapid population growth in Europe, Asia Pacific, and North America, as well as in the Middle East, Africa, and Asia Pacific regions. This population boom has intensified the strain on agricultural productivity.

To cope with this escalating demand for food, the adoption and implementation of controlled agriculture have become imperative. Consequently, the imperative to enhance agricultural output stands as a pivotal catalyst propelling the demand for increased crop yields in agriculture.