Agricultural films are used extensively for soil protection, green house farming and mulching. The benefits derived from the films are- reduced soil erosion and compaction, temperature control, nutrient conservation, seed germination, weed control and protection against UV Rays etc.
Growing need to elevate agricultural productivity in order to sustain the food demand of a growing population are the primary reasons behind commercialization of these specialty products. Shrinking farm lands and cost efficiency of the products further help the market to retain market growth in many price sensitive markets of the region. Increasing investment in research and development activities would contribute towards the better penetration of the market in Asia-Pacific. Further, advancements in agricultural practices backed by technological support would help in increasing demand of agricultural films.
Depending on the need and topography, various types of films are applied in agriculture namely- Low Density Polyethylene, Linear Low Density Polyethylene, High Density Polyethylene, Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA), Reclaims etc. Linear low density polyethylene has the highest market penetration with the fastest growth rate followed by Low density films. By application, the market is segmented into green house, silage and mulch; out of these, mulching is the leading application segment accounting for 45% of the market share. Over 80% of the farmers in the region use mulch.
Agricultural films market in Asia-Pacific is led by China. The country holds the highest usage of agricultural films both in the region and globally. Favorable government initiatives for protected agriculture is helping the usage of films to grow in countries like China, India. Thailand, Japan etc. Owing to the impressive growth of India and China, Asia-Pacific would continue to dominate the market for agricultural films in the forecast period.
Large number of small manufacturers are active in the region making the market place highly fragmented. Major companies operating in the Asia-Pacific market with considerable market share are-BP Industries, Britton Group, BASF, ExxonMobil, Kuraray Co Ltd etc. Investment on R&D for product innovation is the major strategy followed by market players religiously. Merger and acquisitions and strategic collaboration with biotechnology farms are some of the effective strategies employed over the years.
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.1.1 Focus on agricultural productivity
3.1.2 Growing food demand and shrinking farm land
3.1.3 Cost efficiency
3.2.1 Environmental safety concerns over disposables
3.2.2 Government regulations
3.3.1 Development of Biodegradable PE films and other innovations
3.3.2 Adoption of modern Farming Practices and sustainability
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Type
4.1.1 Low Density Polyethylene
4.1.2 Linear Low Density Polyethylene
4.1.3 High Density Polyethylene
4.1.4 Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA)
4.1.6 Other films
4.2 By Application
4.3 By Geography
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 Ab Rani Plast Oy
6.3 Berry Plastics Corporation
6.4 British Polythene Industries PLC
6.5 Britton Group
6.6 The Dow Chemical Company
6.7 Plastika Kritis S.A.
6.8 Novamont S.p.A.
6.9 Hyplast NV
6.10 Trioplast AB
6.11 ExxonMobil Chemical
6.12 Armando Alvarez Group
6.13 AEP Industries Inc.
6.14 Group Barbier
6.15 RKW SE
6.16 Al-Pack Enterprises Ltd.
6.17 INDVECO Group
6.18 Achilles Corporation
6.19 Amcor Ltd.
6.20 A. Schulman, Inc.
6.21 Kuraray Co., Ltd.
6.22 Sumitomo Chemicals Co., Ltd.
6.23 POLIFILM GmbH
6.24 Qingdao Taihaojie New Material Co.,Ltd
6.25 Puyang Sijiqing Plastic Product Co.,Ltd
6.26 Shanghai HiTeC Plastics