Agricultural Films Market to Undertake Strapping Growth During 2031

According to the recent study of Fact.MR, the agriculture films sales are estimated to exceed 4300 tons in 2019, recording a Y-o-Y growth at more than 4.0% over 2018. Gains in the agricultural films industry remains influenced by numerous multipronged factors, ranging from the development of biodegradable and eco-friendly alternatives, to introduction of affordable machines for fast yet efficient laying down of films on a large scale.

The study finds that mulch plastic films are preferred over other agricultural film variants, with sales in 2019 estimated at over 2200 tons. Comparatively larger sales of mulch plastic films can be backed by its unparalleled effectiveness in increasing farmland yield. In addition, mulch plastic films has gained widespread acceptance among farmers worldwide, as it facilitates creating favorable microclimatic conditions for accelerating the growth of crops. The study opines that exponential growth in food demand in recent years will remain the leading sales influencer of agricultural films. According to the Food and Agriculture Organization (FAO), the demand for food is estimated to increase by 70% by 2050.

Agricultural films Market – Competitive Landscape

• In order to capitalize on the burgeoning demand for agricultural films in North America, ExxonMobil announced a strategic investment of US$ 20 billion over the period of 10 years in the construction of new production facilities across the continent. Under the elaborate plan, ExxonMobil is planning to construct a new polyethylene production facility to increase its ma manufacturing capacity by 65% to meet the bolstering demand for the material in the agricultural films market.
• Continuous innovation in incorporating sustainability in agriculture films production and disposal received a huge boost when Novamont, a leading player in the agriculture films market, announced the launch of a biodegradable mulch film manufactured using its proprietary bioplastic Mater-Bi.
• The launch of a triple mulching film machine by Checci and Magli named Plastic Stop Plus which can potentially triple the mulch plastic films laying efficiency is estimated to aid agriculture films market in gaining penetration.

Other leading players operating in the agricultural films market are Ginegar Plastic Products, Berry Plastics, Polifilm, AEP Industries Inc., Dow, BASF SE, Trioplast Industries AG, and Dow.

Following Questions Answers Covered in the Report are:

• How will the global Agricultural Films Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Agricultural Films Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Agricultural Films Market?
• How will these strategies influence the market growth and competition?

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

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The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

The Agricultural Films Market report answers the following queries:

1. What is the largest share held by key players in the market?
2. What strategies have proven most advantageous in the Agricultural Films Market?
3. Which region promises largest opportunity for new investors during the forecast period 2024 to 2031?
4. What factors will most likely present challenges to growth during the forecast period?
5. What will be the value of total revenues, and at what CAGR will the growth compound during the forecast period 2024 to 2031?

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