Focus on increasing agricultural production, increasing the area of ​​greenhouse protected crops, increasing the demand for crops grown in greenhouses

Focus on increasing agricultural production, increasing the area of ​​greenhouse protected crops, increasing the demand for crops grown in greenhouses

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Global greenhouse film market

Global greenhouse film market

Global greenhouse film market

Dublin, May 05, 2022 (GLOBE NEWSWIRE) — The “Greenhouse Films Market by Resin Type (LDPE, LLDPE, EVA), Thickness (80-150 microns, 150-200 microns, over 200 microns), width (4.5M , 5.5M, 7M, 9M) and Region (APAC, Europe, North America, South America, MEA) – “Global Forecast to 2026” report has been added to from ResearchAndMarkets.com offer.

The global greenhouse film market size is expected to grow from USD 5.9 billion in 2021 to USD 8.6 billion by 2026, growing at a CAGR of 7.6% between 2021 and 2026.

APAC is estimated to be the largest consumer of greenhouse film. The global focus on increasing agricultural production, increasing demand for greenhouse-grown crops, and growth in protected greenhouse cultivation areas are the major driving factors for the market.

The LDPE resin segment is estimated to be the largest segment in the greenhouse film market.

The LDPE resin segment is expected to dominate the overall greenhouse film market in terms of value, between 2021 and 2026.

The essential characteristics of LDPE which make it suitable for use in greenhouse films are its low cost, high thickness, optical properties and high resistance to sunlight and the external environment. The LDPE type offers advantages, such as increased clarity and ease of use, making it suitable for agricultural applications. Its low cost stimulates its demand in emerging markets.

The 150 to 200 micron thick segment is estimated to be the largest segment in the greenhouse film market.

The 150-200 micron segment is expected to witness the fastest revenue growth over the forecast period.

Greenhouse films 150 to 200 microns thick are preferred in European countries. They have advantages, such as UV stability for resistance to solar aging, excellent light transmission, excellent mechanical properties for harsh weather conditions, and additives to ensure adequate light transfusion.

APAC is expected to be the fastest growing greenhouse film market over the forecast period.

Growing population in APAC region is the key factor driving the greenhouse film market.

It has increased the demand for food, thus putting pressure on agricultural output. China is the region’s largest greenhouse film producer and consumer. India is an agriculture-based economy. In Japan, the demand for vegetables and flowers is met by crops grown in greenhouses. South Korea is also one of the main markets for greenhouse films, after China and Japan.

Competitive landscape

The global focus on increasing agricultural production, increasing demand for greenhouse-grown crops, and growth in protected greenhouse cultivation areas are the major driving factors for the market.

Ginegar Plastic Products Ltd (Israel), PLASTIKA KRITIS SA (Greece), RKW Group (Germany) and Berry Global, Inc. (USA) are some of the major players in the global greenhouse film market.

Premium Previews

  • Greenhouse Films Market to Witness Moderate Growth from 2021 to 2026

  • LDPE will be the largest segment between 2021 and 2026

  • China and the LDPE segment accounted for the largest shares

  • The greenhouse film market will experience higher growth in emerging countries

  • India to Record Highest CAGR in Asia-Pacific Market

  • India will become a lucrative market between 2021 and 2026

Market dynamics

Drivers

  • Global focus on increasing agricultural production

  • Increase in the area of ​​protected crops in the greenhouse

  • Growing demand for greenhouse crops

Constraints

  • High installation cost

  • Adverse effects of plastics on the environment

  • Less tolerance of the greenhouse film for adverse climatic conditions

  • Shorter life of greenhouse film than greenhouse and polycarbonate sheets

Opportunities

  • Advances in technology

  • Small and medium greenhouses

  • Increased use of biodegradable films in developed regions

Challenges

Company Profiles

  • AA Politiv Ltd.

  • Achilles Society

  • Agriplast

  • Barber Group

  • Berry Global Group, Inc.

  • Bay Global Inc.

  • Central Worldwide Co. Ltd.

  • Charu Agroplast Private Limited

  • Cosio Industries Ltd.

  • SPA Eiffel

  • Engineering services and products company

  • Essen Multipack Limited

  • Fvg Folien-Vertriebs GmbH

  • Ginegar Plastic Products Ltd.

  • Armando Alvarez Group

  • SAL Industrial Development Corporation (Indevco)

  • Light Inc.

  • Mitsubishi Chemical Corporation

  • SA Critical Plastics

  • Polifilm Extrusion Gmbh

  • Rkw Group

  • Thai Charoen String Karntor Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/jwhs0n

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