Currently valued at US$ 10.89 billion, the worldwide horticultural film market is anticipated to grow to US$ 19.55 billion by the year 2032, with a CAGR of 6.2% between 2022 and 2032.
Films on horticulture are essential for maximising crop productivity. One of the market-reshaping factors for horticultural films is convenience packaging. Farmers in the modern day are in a challenging position and want flexible plastic sheets that can manage space at low cost and with good performance.
Additionally, the US FDA has established rules containing limitations on the use of dangerous compounds. They also include dimensions for the agricultural packaging items’ length, breadth, and thickness.
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By the year 2030, the world’s population is anticipated to reach 8 billion. Food would become more in demand as a result of this. Farm products would be under pressure as a result. Controlled agriculture, the use of greenhouse films, reducing soil erosion, suppressing weeds, and similar methods are used to increase production.
Additionally, greenhouse films are created by including attributes like UV protection, NIR blocking, and others. Plants are protected from pests and illnesses by the UV-blocking sheets. NIR blocking coatings do prevent radiation while also promoting plant development. Additionally, there are fluorescent films that only permit light with a wavelength between 300 and 700 nm to enter the greenhouse. Drip farming, soil fumigation, and other technological developments are among the others to the crops.
at the same time, the fact that installation costs are high can’t be ignored. The developing countries would certainly be thinking twice before going for horticulture films.
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The last 10 years have seen tremendous penetration of internet, and, in turn, e-Commerce all across. As such, agricultural packaging market is seeing an influx of a variety of packaging options. The good part is that horticulture films could be used for modifying soil temperature and growth of weeds.
Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Horticulture Film Market’. The team of analysts and consultants is there to highlight the facets through its primary, secondary, and tertiary modes of research with bottom-up approach.
“With rising demand for greenhouse-cultivated crops, the global horticulture film market is slated to grow on a splendid note in the years to come”, says an analyst from Future Market Insights.
Key Takeaways from Horticulture Film Market
- Europe holds more than 25% of the market share.
- North America holds more than 12% of the market share and, along with Europe, would continue to remain the same even going forward. This could be credited to horticulture films being increasingly adopted all across.
- The Asia-Pacific holds more than 40% of the market share. This could be attributed to the region being home to agrarian economies.
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Competitive Films
- BASF SE has tabled new films designed for mulching and do have light stabilizers that render protection against solar radiation and agrochemicals. It’s polymer ‘ecovioM’ does contain bio-based components and is biodegradable in its entirety. As such, farmers need not collect horticulture films post-harvest. They can, instead, plough them on direct basis into ground; which does save on money as well as time.
- Plastika Kritis, in July 2019, did develop novel EVO AC films. They comprise 8 layers that are based on nanomaterials; with the long-lasting anti-dripping effect. They do end up having a much better performance as compared to the other films wherein additives get slowly depleted within the time-span of 1-2 years.
- CNH Industrial N.V., in November 2021, did acquire Raven Industries, Inc. to expand its offerings pertaining to agriculture technology, aerospace and defense services, and high-performance specialty films.
- Exxon Mobil Corporation, in June 0200, did introduce metallocene linear low-density polyethylene (mLLDPE) high-performance flexible films for agricultural, packaging, and industrial applications; thereby rejuvenating flexible packaging film vertical.
Key Segments Profiled in the Horticulture Film Market
By Product Type:
- Mulch Films
- Greenhouse Films
- Ventilated Stretch Films.
By Material:
- Polyethylene
- Polypropylene
- PVC
- PLAY
- Other types of plastics.
By Application:
- Greenhouse Film
- Silage
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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