The Asia Pacific agricultural films market size was valued at USD 5.29 billion in 2022 and is expected to surpass USD 19.49 billion by 2031, expanding at a CAGR of 7.9% during the forecast period, 2023–2031. Growth of the market is attributed to increased emphasis on agricultural production as a result of rising food demand from an ever-increasing population.
Agriculture films are also known as plasticulture. Plasticulture refers to the use of plastic materials in a variety of agricultural applications. Many new agricultural methods employ agricultural film, which is handled as a modern-day application. Soil protection, greenhouse farming, and mulching are uses of agricultural films.
Reduced soil erosion and compaction, temperature management, nutrient conservation, seed germination, weed control, and UV protection are among the advantages gained. Agricultural films are employed in a variety of new agricultural methods to boost crop yield per hectare while also improving crop quality.
The Covid-19 pandemic affected the demand and supply of advanced ceramics market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
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Increased usage of biodegradable films in developed areas is estimated to fuel the market during the forecast period.
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Increased demand from the dairy industry is major factor propelling the market.
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High cost of installation is expected to hamper the market growth.
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Adverse effect of plastics on the environment act as key factor that can impede the market expansion during the forecast period.
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Technological advancement in agriculture sector is anticipated to create immense opportunities for the market players.
Scope of the Report
The report on the Asia Pacific agricultural films market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Agricultural Films Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Low-density Polyethylene, Linear Low-density Polyethylene, High-density Polyethylene, Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA), and Other Films), Application (Greenhouse, Silage, Mulching, and Others)
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Geographical Scope
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China, India, Japan, Australia, and Rest of Asia-Pacific
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Berry Plastics Corporation, Novamont S.P.A, Sumitomo Chemicals, Dow Chemical Company, and BASF.
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Market Segment Insights
The linear low-density polyethylene segment is projected to represent a major market share
On the basis of type, the Asia Pacific agricultural films market is divided into low-density polyethylene, linear low-density polyethylene, high-density polyethylene, ethyl vinyl acetate (EVA)/ethylene butyl acrylate (EBA), and other films. The linear low-density polyethylene segment is expected to represent a key share of the market during the forecast period.
When compared to other polyethylene derivatives, LLDPE offers superior mechanical characteristics, such as strong tensile strength and impact resistance. LLDPE films are frequently utilized in geomembrane liners, hazardous waste liners, miming, canal linings, and the packaging sector, among other applications where flexibility and elongation are critical.
The greenhouse segment is projected to expand at a rapid pace
On the basis of applications, the Asia Pacific agricultural films market is divided into greenhouse, silage, mulching, and others. The greenhouse segment is expected to represent a key share of the market during the forecast period. Depending on the technology employed, the greenhouse is a temporary, semi-permanent, or even permanently closed building.
Non-permanent structures that can be rolled outdoors can be used. Greenhouses, often known as hoop houses, are non-taxable structures. Greenhouses have a shelf life ranging from 6 to 45 months, depending on the photo stabilizer employed.
The sub-segments of greenhouses are classic greenhouse film, macro tunnels/walking tunnels, and low tunnels. Traditional greenhouse films are costly since they are mechanized. The greenhouse covering film protects the harvest from wind and rain, as well as controlling interior temperatures and preventing significant temperature fluctuations in the greenhouse throughout day and night.
China is expected to dominate the market
On the basis of regions, the Asia Pacific agricultural films market is classified as China, India, Japan, Australia, and Rest of Asia Pacific. The market of China is anticipated to expand at a high CAGR during the forecast period. Market for agricultural films in the world is led by Asia-Pacific.
The agricultural production is being strained by growing population and increased per capita food consumption. Due to a reduction of arable land, the area under cultivation cannot be increased. China is the region's major producer and consumer of agricultural films.
Segments
The Asia Pacific agricultural films market has been segmented on the basis of
Types
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
- High-Density Polyethylene
- Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA)
- Other Films
Applications
- Greenhouse
- Silage
- Mulching
- Others
Geography
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Key Players
- Berry Plastics Corporation
- Novamont S.P.A
- Sumitomo Chemicals
- Dow Chemical Company
- BASF
Competitive Landscape
Key players competing in the Asia Pacific agricultural films market include Berry Plastics Corporation, Novamont S.P.A, Sumitomo Chemicals, Dow Chemical Company, and BASF.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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