The global agricultural films & bonding market is expected to reach USD 14.19 billion by 2024, according to a new report by Grand View Research, Inc. Rising need for optimum productivity to sustain the food demand is the key factor behind the commercialization of specialty products. Increasing investment in R&D and advancements in agricultural practices backed by technological support is anticipated to drive the industry growth.
Films are extensively used for greenhouse farming, soil protection, and mulching. Various benefits associated with these films include reduced soil erosion & compaction, temperature control, seed germination, weed control, nutrient conservation, and protection against UV Rays.
The film segment accounted for over 75% of the global volume in 2015. Growth in this sector may be attributed to growing high-quality crops demand coupled with the increasing requirement for ideal agricultural productivity.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/agricultural-films-bonding-market
Further key findings from the report suggest:
·
The global market demand was 6.80 million tons
in 2015 and is expected to reach 10.68 million tons by 2024, growing at a CAGR
of 5.2% from 2016 to 2024
·
HDPE demand in netting was 105.7 kilo tons in
2015. The high raw material demand may be attributed to various beneficial
characteristics such as convertibility, complete recyclability, waterproof, and
durability.
·
Bailing was the largest application segment and
accounted for 53.8% of the twine market in 2015. Baling twine is used in
farming to bind straw or hay bales together.
·
Europe agricultural films and bonding market is
anticipated to grow at a CAGR of 5.0% from 2016 to 2024 owing to shrinking
pastures and farm land. However, the region is expected to adopt advance
farming techniques and biodegradable products. Spain and Italy are the leading
consumers of films owing to greenhouse industry growth.
·
Asia Pacific accounted for over 70% of the total
market volume in 2015 and is projected to witness the fastest growth on account
of growing need to elevate agricultural productivity to sustain the food demand
·
Key companies operating in the industry include
Novamont, BP Industries (BPI), Ab Rani PlastOy. Trioplast Industrier AB,
Armando Alvarez SA, ExxonMobil Corporation, Barbier Groupe, Britton Group,
BASF, and Kuraray. The global market is highly fragmented owing to the presence
of various small-scale and regional players, especially in Asia Pacific.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented
the agricultural films & bonding market on the basis of product, raw
material, application, and region:
Global Agricultural Films &
Bonding Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
- Agricultural Films
- Twine
- Netting
- Others
Global Agricultural Films &
Bonding Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2024)
- Agricultural Films
- LDPE
- Others
- Twine
- Sisal
- Polypropylene
- LDPE
- Others
- Netting
- HDPE
- LDPE
- Polypropylene
- Others
Global Agricultural Films &
Bonding Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2024)
- Agricultural Films
- Greenhouse
- Mulching
- Silage
- Stretch wrap
- Bags
- Sheets
- Twine
- Vegetable Packing
- Fruit Packing
- Bale
- Others
- Netting
- Shade
- Anti-hail
- Anti-insect
- Others
Global Agricultural Films &
Bonding Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
- North America
- U.S.
- California
- Kansas
- Nebraska
- Iowa
- Wisconsin
- Texas
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Central & South America
- Brazil
- Middle East & Africa
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