The global Agricultural Films Market is forecasted to be worth USD 14.96 Billion in 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing need for optimum agricultural productivity. The growing requirement for high-quality crops coupled with the rising disposable income of the consumers is forecasted to drive the growth of the industry over the forecast period.
The latest research report by Emergen Research, named ‘Global Agricultural Films Market - Forecast to 2027’, entails a comprehensive review of the global Agricultural Films market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
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Market Scope:
One of the report’s central components is the broad Agricultural Films market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Key Highlights From The Report
- In Jan 2017, AEP Industries Inc., a North American key manufacturer of flexible plastic packaging films, was acquired by Berry Global Inc., a key manufacturer of agricultural films, in order to remain competitive in the growing industry and to expand its product portfolio in the agricultural sector.
- Linear Low-density Polyethylene (LLDPE) held the largest market share of 35.4% in 2019. The increasing population of the developing economies, coupled with the growing demand for food, has resulted in the high demand for the Linear Low-density Polyethylene in the APAC region.
- The mulch film segment dominated the market with a share of 49.2% in 2019 due to its ability to maintain the temperature and water retention of the soil and restrain the growth of weeds.
Regional Overview:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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