The key driver for market growth is increased emphasis on global agricultural output due to the rising food demand of the ever increasing population. Additionally, agricultural films facilitate the increase in the area of controlled agriculture by providing materials that propel farming. Cultivators are expected to use agricultural films as it is flexible and easy to produce material. However, the installation cost of agricultural films is very high, as it needs technical finesse to install the material according to farming needs, which is a key restraint for the market. Additionally, the material is a derivative of plastic, which is harmful for the environment. Therefore, it is expected that farmers would not use it extensively in all applications. The key opportunity for the market lies in developing green agricultural films so that environmental hazards could be avoided.
Agricultural Films Market Analysis by Polymer Types
The various types of polymers used in producing agricultural films are low density polyethylene, linear low density polyethylene, high density polyethylene, eva/eba, reclaim and others. High-density polythene has the largest revenue share in the market, as it is easily available and it can be used in complex environments. However, it is expected that reclaim polymer would have better market potential as compared to other materials as it is eco-friendly, which encourages farmers to use it.
Agricultural Films Market Analysis by Applications
The various applications of the market are greenhouse, silage, and mulching. The green house application is projected to have the highest revenue in the market and it is expected to maintain its lead, as it allows eco-friendly farming, which is an essential factor to protect the environment. Silage is expected to have the best market potential as it can be used as fodder for ruminants and can be used as bio-fuel feedstock.
Agricultural Films Market Analysis by Geographies
The geography segment includes North America, Europe, Asia-Pacific, and Latin America, Middle-East and Africa (LAMEA). Even though Europe is the highest producer of agricultural films, North America leads the consumption of the material as it has adopted advanced farming techniques. However, it is expected that Asia-Pacific would have the best growth potential as the region has several emerging nations, which are dependent on agriculture.
Product launch is the key strategy opted by companies to increase their market share as it is a consumption based market. Some of the key companies profiled in the report are Achilles Corporation, BASF SE, Berry Plastics Corporation, British Polythene Industries Plc, Armando Alvarez, Bloomer Plastics Inc., Henan Yinfeng Plastic Co. Ltd, Hyplast Nv, Plastika Kritis S.A. and Trioplast Industrier Ab.
High level analysis
The report analyzes the potency of buyers & suppliers, threat of substitute products and new entrants based on the Porter’s five force model. The end-user of the market is the farming sector, which is very knowledgeable about the use of agricultural material; therefore, the bargaining power of buyers is high. The farmers can easily switch from one product to another due to easy availability, which reduces the potency of suppliers. Threat of substitute products is high as it is a polymer -based market, which allows devel
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.