Published on : Mar 08, 2016
The innumerable benefits of agricultural films such as its ability to decrease soil erosion and soil compaction, its ability to promote seed germination and increase soil temperature, providing nutrients, providing resistance against UV rays, and to effectively control the growth of weeds, have collectively been responsible for the growing market of agricultural films. Protective agriculture films are placed over soil for protection against erosion or compaction, over greenhouses, and also wrapped on fodders.
LLDPE and LDPE Dominate the Overall Agricultural Films Market
According to a report published by a market intelligence firm called Transparency Market Research, Linear Low Density Polyethylene (LLDPE) and Low Density Polyethylene (LDPE), together held 78% of the total market of agricultural films in 2012. LDPE film is expected to reach a value of US$2059 mn by 2019. Linear Low Density Polyethylene (LLDPE) is expected to be the fastest growing agricultural film expanding at a CAGR of 5.9% from 2013 to 2019. Linear low density polyethylene (LLDPE) and low density polyethylene (LDPE) dominate the overall agricultural films market as the prices of these films have relatively in the Middle East and Asia Pacific.
Growing Demand for Fruits and Vegetables to Drive the Agricultural Films Market for Greenhouses
Greenhouse and mulching have together accounted for more than 85% of the overall agricultural films market in 2012. Greenhouse application is one of the major applications of agricultural films, and is expected to reach more than 2768 kilo tons by the end of 2019, owing its growth to the increasing demand for fruits and vegetables such as strawberries, tomatoes, and cucumbers, especially in the Asia Pacific region. The greenhouse application segment is anticipated to reach a value of US$4145 mn by 2019.
Waste from Agricultural Films to suppress the Agricultural Films Market
Although agricultural films are cost effective as compared to conventional farming methods, the waste they leave behind have harmful effect on the environment. With growing concerns for environment, people are looking for options that are eco-friendly and does not leave waste that causes harm to the environment. This is one of the factors that can suppress the agricultural films market.