Authored By: Sarah
20 Nov 2023

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.

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Snapshot of Agricultural films Market Analysis


Agricultural Films Market Segment Highlights

  • Agricultural Films Market, divided into groups according to type: HDPE, LDPE, LLDPE, Reclaim, and Others. Mulch films, greenhouse films, and silage films are among the several application-based market categories it covers. The  geographical segmentation includes the Middle East and Africa, North America, Europe, South America, and Asia Pacific.
  • The linear low-density polyethylene (LLDPE) segment's market share is steadily rising.The packaging industry's most popular application for LLDPE is in packing films owing to its hardness and durability, it is also frequently used for trash bags, shopping bags, and shrink-wrap films.

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. 

Techanvio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. For more insights and data-backed analysis download our best-selling report on Agricultural films Market

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 6.17%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 4.25 Bn through 2023-2027.

     
  3. What is a key factor driving this market?
    Need to increase agricultural yield will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and Middle East and Africa are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    79% growth will originate from APAC.
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