Agricultural films Market to expand by USD 4.25 Bn through 2023-2027 | Rising need of Improving silage qualityto boost market advancement
The agricultural films market is expected to grow at a compound annual growth rate (CAGR) of 6.17% between 2022 and 2027, adding USD 4.25 billion to its size. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario.
Technavio's Analyst Quoted ~ "The need to improve silage quality is driving the expansion of the agricultural films market, in the forthcoming years. 79% of the market’s growth will originate from APAC during the forecast period. "
As for cattle, silage is an essential high-moisture feed, particularly during dry seasons. Careful fermentation is necessary for proper preservation. Inadequate storage might result in moisture during the rainy season, which damages and depletes nutrients.
Snapshot of Agricultural films Market Analysis
Agricultural Films Market Segment Highlights
When it comes to the core companies Ab Rani Plast Oy, Achilles Corp., AL PACK Enterprises Ltd., Armando Alvarez Group, Barbier Group, BASF SE, Berry Global Inc., Coveris Management GmbH, Dow Chemical Co., Essen Multipack Ltd., Exxon Mobil Corp., Industrial Development Co. sal, LyondellBasell Industries C.I. TAKIRON Corp. are some of the major market participants.
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