Pune, India, July 25,2019- The report [184 Pages] "Agricultural Films Market by Type (LLDPE, LDPE, Reclaim, EVA, and HDPE), Application (Greenhouse Film (Classic Greenhouse, Macro Tunnel), Silage Film (Silage Stretch Wrap), and Mulch Film (Transparent or Clear Mulch)) - Global Forecast to 2022", The global agricultural films market is estimated to be USD 7.92 Billion in 2017 and is projected to reach USD 10.57 Billion by 2022, at a CAGR of 5.9% from 2017 to 2022.
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The Ethylene-vinyl Acetate (EVA) segment is expected to be the fastest-growing type segment of the global agricultural films market. The growth of this segment can be attributed to its good optical and mechanical properties. The mechanical strength of EVA films depends on the vinyl-acetate content; higher the content of vinyl-acetate, lower is its gas and moisture permeability. Due to these properties, EVA films are well-suited for greenhouse and mulching applications.
Based on application, the mulch film segment is projected to witness the highest growth during the forecast period. Properties such as durability and high tear resistance are fueling the demand for agricultural films in the mulch application.
The agricultural films market in Asia Pacific is anticipated to witness the highest growth from 2017 to 2022. Growing population and the consequent increase in the demand for food have led to a rising need for optimum agricultural productivity in the region. Agricultural films are used by growers to secure and increase the productivity per hectare as well as enhance crop quality. The presence of emerging countries with a growing industrial sector in the Asia Pacific region provides lucrative growth opportunities to the manufacturers of agricultural films.
Currently, the global agricultural films market is dominated by various market players such as The Dow Chemical Company (U.S.), BASF SE (Germany), ExxonMobil Corporation (U.S.), RKW SE (Germany), Berry Plastic Group, Inc. (U.S.), Grupo Armando Alvarez (Spain), British Polythene Industries Plc. (U.K.), and Barbier Group (France).
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