Global Greenhouse Film Market: Snapshot
Greenhouse films are used to cover the frame of crops which are cultivated in the greenhouse. It provides the protection of crops from adverse weather conditions and suitable farming conditions. It protects from the weather condition such as heavy rain, strong wind, fluctuating temperature, and snow. The selection of film is based on the area where crops are cultivated and its weather requirement.
Governments in the numerous countries are struggling to avoid losses due to the improper employment of greenhouses plant cultivation. The governments such as India, Poland, and Canada are encouraging farmers to adopt the different types of greenhouse films by offering some subsidies for electricity and resources used in the greenhouse.
The kit and other supplements are required for heating and ventilating for maintaining the temperature of crops. Thus, the adoption of these greenhouse films is higher especially in the region where major temperature fluctuations occurred – the places such as deserts. In the particular region, the film offers a suitable temperature for the crop which is difficult to grow due to outdoor temperature. The aforementioned factors are boosting the adoption of greenhouse films and likely to influence positively on the growth of the global greenhouse film market.
However, employment of greenhouse requires additional expenditure such as temperature maintenance kit and labor cost which are restraining growth of the greenhouse film market. Nonetheless, the growing trend of cultivating of the out-of-season crops in the greenhouse is expected to propel growth for the next few years as the crops are a good source of income for farmers.
According to the TMR, the global greenhouse film market is expected to expand with 8.1% CAGR over the forecast period from 2017 to 2025 to reach a value of US$6,900 mn by the end of 2025.
Growing Uptake of Greenhouse Films for Cultivating Crops to Boost Market Growth
On the basis of the thickness, the global greenhouse film market is segmented into less than 100 microns, 101 – 150 microns, greater than 150 microns. Of these, films with a thickness of more than 150 microns segment are dominating the global market for greenhouse films. This growth is attributable to the higher adoption of thick films by farmers.
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On the basis of application, the global greenhouse film market is segmented into flowers and ornamental, vegetables, and fruits. Of these, flowers and ornamental segment dominate the global market for greenhouse films in 2016. The flowers and ornamental plants are mainly cultivated in the greenhouse; thus, their adoption is higher which is fuelling the growth of the segment.
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Availability of Land in Asia Pacific to Propel Growth of Region
On the basis of region, the global greenhouse film market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these, Asia Pacific dominated the market for greenhouse film in 2016 and is expected to continue its dominance over the forecast period. The region is expected to expand with healthy CAGR over the forecast period owing to the availability of land to employ greenhouse to grow out-of-season crops in order to fulfill the need for demand from the population.
Some of the key players operating in the greenhouse film market are Berry Global Group, Inc., RPC BPI Group, BASF SE, Barbier Group, and RKW Hyplast NV. The market has highly fragmented vendor landscape owing to a high number of the acquisition and mergers. These companies have accounted for less than 40% shares of the overall market in 2016.
