Agricultural Films Market Overview:
Agricultural films are also known as plasticulture, which refers to the use of plastics in various agricultural applications. The purpose of this report is to analyse the current and expected trends in the agricultural film Industry, since it is expected that farmers around the world request these materials. The study covers an in-depth analysis of the industry potential of different types and applications of the agricultural film Industry. The report analyses opportunities in developed and emerging economies so that companies can develop customized strategies for specific regions.
The global Agricultural Films Market was valued at USD xx billion in 2017 and is expected to reach USD xx billion by 2022, with a CAGR of xx%.
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Agricultural Films Market Drivers and restraints:
The main driver of global agricultural films is the growing demand for food products from the burgeoning population. In addition, agricultural films facilitate the increase of the area of controlled agriculture by providing materials that drive agriculture. Farmers are supposed to use agricultural films because they are flexible and easy to produce. However, the cost of installing agricultural films is very high, since it requires a technical delicacy to install the material according to the needs of agriculture, which is an important limitation for the Industry. In addition, the material is a derivative of plastic, harmful to the environment. Therefore, it is expected that farmers will not use it much in all applications. The main opportunity for the Industry lies in the development of agricultural films friendly to the environment to avoid environmental risks.
Agricultural Films Market Geographical segmentation:
Agricultural Films Market from Asia Pacific dominated the global industry and accounted for more than 70% of demand in 2015. More than 80% of farmers in the region used these. Favorable government initiatives, such as R & D on protected agricultural practices should stimulate the growth of industry in the region. It is estimated that China is experiencing the fastest growth of agricultural films in the future. Europe is expected to experience stagnant growth in the following years as a result of strict environmental regulations for the elimination and manufacture of films. Central and South America are expected to experience an average growth in demand. The world Industry for agricultural films is very fragmented due to the presence of several regional and small-scale actors, particularly in China and India.
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Key Players of Agricultural Films Market
Major companies operating in the Agricultural Films Market include BP Industries (BPI), ExxonMobil, Trioplast, Group Barbier, Armando Alvarez, Britton Group, BASF, Novamont, Kuraray, and Ab Rani PlastOy. Major companies have been investing heavily in R&D to introduce innovative products such as agricultural bags for grain storage to increase their presence in the industry. Other strategies employed by companies include M&A, strategic collaborations with biotechnology firms and enhancing supply chain efficiency.
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