Agricultural Films And Bonding Market Set to Grow USD 14.22 Billion By 2030
Agricultural films and bonding are specially used for soil protection, greenhouse farming, and mulching. It offers many benefits, including temperature control, reduction in soil erosion, protection against UV rays, weed control, and nutrient conservation.
Agricultural films are used in mulching, greenhouse covering, netting, silage, and so on. Growing demand for significant quantities of high-quality crops and more efficient agricultural production are likely to drive the market. Additionally, advancements in biotechnology have caused a revolution in conventional farming methods to a more scientific approach. Implementing and employing highly efficient technologies in agricultural industries is anticipated to increase crop yield and impact overall productivity.
According to the research report published by Polaris Market Research, the global agricultural films and bonding market was valued at USD 8.72 billion in 2021 and is expected to reach USD 5.6% billion by 2030, to grow at a CAGR of 6.2% during the forecast period.
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Agricultural Films And Bonding Market: Growth Drivers
The increasing use of photoselective shade nets to push the market
Natural mulches such as compost straw, hay, and wood chippings have been used for agricultural films. But for the last 50 years, plastics and paper have been more commonly used for agricultural films. The paper is less effective and costlier due to poor wet strength and higher prices than plastics. Therefore, plastic-based movies, twines, and nettings are becoming primary choices for agricultural applications.
The photo particular shade nets are used for screening different parts of the net spectrum. The primary goals for developing photoselective netting are to make investments in the net covering cost-effective and to achieve specific physiological benefits in addition to the fundamental protective function of the nets. The technology can be adjusted to fit different crops, cultivars, climates, and market demands.
Geographic Overview: Agricultural Films And Bonding Market
Region’s expanding population to drive the agricultural films and bonding market
The increase can be attributed to the region’s expanding population and the desire for regulated agriculture, both of which are anticipated to fuel the agricultural film and bonding industries throughout the projection period. Strict environmental restrictions in context with film disposal and production are driving growth.
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Agricultural Films And Bonding Market: Report Segmentation
Insight By Type
Increasing demand for high-quality crops to propel the market
Based on type, agricultural films are anticipated to witness the fastest growth. Due to the increasing demand for high-quality crops, this segment is forecast to increase at the speediest rate throughout the projection period. The advantages are provided by several agricultural films and bonding, primarily employed for producing food and vegetable crops across large areas, including higher crop quality, retention of water, minimizing the spread of weeds, soil temperature regulation, and soil cleaning before planting others.
Some of the major players operating in the global agricultural films and bonding market include AB Rani Plast, Armando Alvarez Group, Berry Plastics Group, Inc., BP Industries (BPI), BASF SE, Barbier Group, British Polythene Plc., Britton Group, ExxonMobil Corporation, Kuraray Co. Limited., Plastika Kritis S.A., Dow Chemical Company, and The RKW Group.
In April 2022, Coveris launched a product named Unterland R, a new stretch film for wrapping silage, which incorporates at least 30% recycled material from gathered agricultural films and bonding.
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Agricultural Films And Bonding Market: By Type Outlook
- Agricultural Films
Agricultural Films And Bonding Market: By End Use Industries Outlook
- Vegetable & Fruit Packing
Agricultural Films And Bonding Market: By Raw Material Outlook
Agricultural Films And Bonding Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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