In 2032, it is anticipated that the market for horticulture films would be worth US$19.55 billion. The market for horticulture movies is expanding quickly. According to FMI Analysts, the global market for horticulture films is expected to reach US$ 10.89 billion in 2022 and grow at a CAGR of 6.20% from 2022 to 2032.
The horticultural film market may have difficulty expanding while economies in both developed and emerging countries are facing reductions. The polyethylene (PE) and polypropylene (PP) ingredients used to make these plastic films have the potential to harm the environment.
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Because to the belief that consumers find online shopping to be very easy and cost-effective, the online retailing of agricultural packaging has risen quickly over the past ten years. The market for horticulture films is expanding because horticulture films can also be used to alter soil temperatures and weed development.
Films on horticulture are essential for maximising agricultural productivity. Convenience packaging is anticipated to be a key factor in the market for horticultural films in order to stay competitive. Contemporary farmers are picky and require flexible plastic sheets that are affordable, high-performing, and can fit in a small space. This prompted the development of unique and imaginative solutions in the horticultural film industry.
The demand for alternative, environmentally friendly substitutes has significantly increased, driving the growth of the horticulture films market. FDA regulations, which include limitations on the use of hazardous chemicals and specific measurements for the thickness, length, and breadth of agricultural packaging products, have increased restrictions on the use of harmful chemicals.
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What is the Competition Landscape in the Horticulture Film Market?
Some of the leading companies operating in the global horticulture film market include BASF SE, The DOW Chemical Company, Trioplast Industries AB, RPC bpi Agriculture Company, RKW Group, and Polystar Plastics Ltd., Mondi Group.
New films from BASF SE have been introduced that are designed for mulching and have light stabilizers which protect against exposure to solar radiation as well as agrochemicals. The company’s polymer ecovioM’ contains bio-based components and is totally biodegradable. Farmers do not need to collect horticulture films after harvest; they can plow them directly into the ground, which saves them both time and money, increasing sales of horticulture films around the globe.
The manufacturing capability of Trioplast Industries AB, one of the subsidiaries of Altor Fund IV and a manufacturer of horticulture films, was enhanced in 2008 after it acquired Ekoplast Emballage AB.
During the last decade, Internet / E-commerce retailing has seen strong growth in horticulture film, as it is considered to be convenient and economical for consumers to make purchases. Horticultural films are also used to modify weed growth and soil temperature to improve market horticulture film growth.
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Key Players:
- BASF SE
- The DOW Chemical Company
- Trioplast Industries AB
- RPC bpi Agriculture Company
- RKW Group
- Polystar Plastics Ltd
- Mondi Group
- Sigma Stretch Film Corp
Key Segments Profiled in the Horticulture Film Market
By Product Type:
- Mulch Films
- Greenhouse Films
- Ventilated Stretch Films.
By Material:
- Polyethylene
- Polypropylene
- PVC
- PLA
- Other types of plastics.
By Application:
- Greenhouse Film
- Silage
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
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