Agricultural Films and Bonding Market, Size, Share, Growth - 2020-2027

Market Overview

• The Global Agricultural Films And Bonding Market is expected to grow at a high CAGR during the forecasting period (2020-2027).
• Agricultural films and bonding are specially used for soil protection, greenhouse farming, and mulching. As it provides many advantages including temperature control, reduces soil erosion, protects against UV rays, weed control, and provides nutrient conservation. Thus increasing demand for the plastics films to conserve the farm and raise the yielding with better water conservation has created the demand for this market. According to the recent research study by Advances in Material Sciences & Engineering in 2017, the consumption of plastic material in the agriculture sector has been estimated to around 5 million tons per year around the globe. As the plastic agricultural films and bonding help to protect the crop from strong rainfall wind, hail, and snow by keeping it in micro-climatic conditions.

Download free sample: https://www.datamintelligence.com/download-sample/agricultural-films-and-bonding-market

Market Dynamics:

• The market is driven by the rising demand for food with a surge in sustainable productivity using the best agricultural practices for high yielding due to the increasing global population. According to the Food & Agriculture Organization of the United Nations (FAO) report in 2018, the global population was around 7.3 billion and is projected to reach more than 9 billion by 2050. This has been propelled the demand for food by 50 to 70% which will require high yielding with sustainable technologies by conserving water and greenhouse coverings. Hence the Agricultural Films and Bonding helps cover and is used to maintain favorable conditions of temperature, gas composition solar radiation, and humidity.
• There is a rise in the development of sustainable biodegradable mulch, and films by the leading players have created a huge demand for this market. For instance, 29th Aug 2019, BASF had been launched eco via M 2351 which is a certified soil-biodegradable mulch film. This soil-biodegradable plastic mulch films made from renewable raw materials which consist of the biodegradable co-polyester polybutylene adipate terephthalate (PBAT) ecoflex and other biodegradable polymers.

Market Segment Analysis

• The global agricultural films and bonding market is segmented based on Product type, type of thrust, applications, and region.
• In terms of product type, the global agricultural films and bonding market is bifurcated into films, netting, twine, and others. Among these films, the segment has the highest market share owing to the increasing demand for high-quality and high-yielding of crops. According to International Fertilizers Association (IFA) in 2019, the agriculture film sale is increasing at the rate of 4% annually and is recorded to around 4300 tons sales in the same year.
• Similarly, netting and twine segments are also growing at a faster pace owing to an increase in demand for packaging, binding, and stacking products like fruits and vegetables.  According to the Food & Agriculture Organization of the United Nations (FAO) report in 2016, the total sale of fisheries and aquaculture production was estimated at USD 362 billion, out of which USD 232 billion was from aquaculture production.

• Depending upon the raw material, the global agricultural films and bonding market is classified as polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), and others. Among this, polypropylene (PP) has the highest market share owing to water-resistant material and can be used for tubing and irrigation systems. According to the World Bank Organization, out of total cultivated land, 20% is subjected to irrigated agriculture which propels this PP segment for high yielding.

• Similarly, the low-density polyethylene (LDPE) and high-density polyethylene (HDPE) segment are also growing at a faster pace owing to increasing demand for the protection of crops for high yielding to sustain the global food demand.

• Depending upon the applications, the global agricultural films, and bonding market is divided into Greenhouse, Mulching, Shade, Fruit & Vegetable Packing, Packing, Anti-hail & insect, and others. Among this, the Mulching segment has the highest market share in 2019. This is primarily owing to it provides high yielding of crops as it protects against heavy rain. For instance, in a recent trial From China, the plastic mulch of 15-micron thickness applied on sugarcane which has shown that yield increased by 26%.

• Similarly, greenhouse, shade, Fruit & Vegetable Packing, Packing, Anti-hail & insect, are also growing at a faster pace owing to it protects crops from in horticulture, and provides suitable confined space with controlled and better microclimatic conditions for crop yielding. Plastic films using greenhouse covering, shade, low and medium tunnels, and soil mulching provide require humidity to optimize the growth of the plants, allowing photosynthesis, and respiration of plants.

Market Geographical Analysis

• By region, the global agricultural films and bonding market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominant region for the global agricultural films and bonding market and is expected to grow at the highest CAGR during the forecasted period due to growing agricultural foods, fruits, and vegetable cultivation due to the huge population followed by North America & Europe region. According to the Food & Agriculture Organization of the United Nations (FAO), the Asia Pacific region’s urban populations have been increased to more than 580 million in 2020 and this propels the food demand with can be increased by using suitable techniques. Agricultural films and bonding can help to improve the yielding of crops.
• North America is also growing at a faster pace for the agricultural films and bonding market, rising adoption of biodegradable films by the farmers for high yielding of crops in this region. Similarly in Europe, the demand for films like LDPE, PP, etc has been increased for agriculture due to the high recycling capacity and growing manufacturing units in this region. According to WRAP organization, in the UK there were an estimated 90,000 tonnes of LDPE packaging is recycled in the UK out of which the majority portion is for the film which can be used in the agriculture, and food processing industry.

Market Competitive Analysis

• The global Agricultural Films and Bonding market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Armando Alvarez Group, The Dow Chemical Company, BP Industries (BPI), BASF SE, Barbier Group, Kuraray, ExxonMobil Corporation, RKW SE, Berry Plastics Group, British Polythene, Trioplast Industries AB, Novamont the leading market players with significant market share.
• There is launching of new technology to enhance the yielding as well as rising the government programs for the farmers to increase productivity may create a huge opportunity for this market. For instance 5th Jan 2019, BASF Company had been launched a light stabilizer for Greenhouse Films that have been helped to increase the yield and reduce waste for Vietnam Farmers
• Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their production capacity to cope with the market demand. For instance 16th Oct 2019, Novamont had been increased the production capacity of compostable bioplastics MATER-BI to 150,000 tonnes. This has been enabled production capacity to be increased by 40,000 tonnes to the current capacity owing to strong growth in demand for compostable and biodegradable products.

View full report: https://www.datamintelligence.com/research-report/agricultural-films-and-bonding-market

Enquiry before buying: https://www.datamintelligence.com/enquiry/agricultural-films-and-bonding-market

About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com