- Plasticulture means the utilization of plastic materials in agricultural applications. The worldwide agricultural films market is predicted to achieve around USD 11, 743 million (with regard to revenue) in 2020. It is anticipated to climb during 2015 to 2020 at about 6.5 percent CAGR. The worldwide market is steered forward by increased demand for quality crops. The escalating worldwide population augments thedemand for greater agricultural output. To enhance output, agricultural films are utilized. This propels further development of the agricultural films market.
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Agricultural films assist in enhancing the quality of crops and boosting agricultural output.They also lessen soil erosion, offer nutrients and prevent the spread of weeds. These features work in favor of the agricultural films market and drive its sales. Intensifying policies limiting the utilization of non-biodegradable plastics and developed Western European regions are the biggest hindrances of the market. However, the market is anticipated to rise decently in the coming years.
Magnified demand for agricultural films in the region of Asia Pacific and escalating demand for regulated agricultural operations also steer the sales of the agricultural films market.Apart from the drivers mentioned above, amplified disposable incomes of clients also propel the market further. The market is driven ahead even by reduced availability of farming land. Accelerated demand for enhanced agricultural output to meet the daily requirements of people has caused growing demand for the market.
The worldwide agricultural films market is segmented on the basis of three categories. These are raw materials, applications and regions.
Raw Materials Insights
Theraw materialsectors of the agricultural films market are linear low density polyethylene, low density polyethylene, ethyl vinyl acetate, high density polyethylene, and reclaims. The utilization of high density polyethylene for producing agricultural films is very common. High density polyethylene captured about 55 percent of the overall volume of agricultural films manufactured worldwide in 2013. The utilization of linear low density polyethylene is estimated to rise at around 6.2 percent CAGR during 2014 to 2020.
The vital application sectors of the agricultural films market include mulching, green house and silage. Mulching rose as the dominating application in 2013. It occupied around 44 percent of the overall market volume that year. This sector was closely trailed by green house. Greenhouse is likely to be the most swiftly developing sector during 2014 to 2020. It would grow at about 6 percent CAGR during this period. Silage is still at its developing phase. Multiple advancements and utilization of biodegradable agricultural films are predicted to steer the growth of the agricultural films market.
China was the biggest client base owing to its huge population. It occupied about 61.7 percent of the overall market volume in 2013. South and Central America capture the tiniest share in the agricultural films market. China is likely to be the most speedily growing market in the future. The region is estimated to grow at around 6.2 percent CAGR during 2014 to 2020. The remaining regions of Asia Pacific occupysupreme share in the overall income of the agricultural films market.
Information Source: Grand View Research
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