Plasticulture refers to the use of plastic materials in various agricultural applications. Plasticulture are also known as agriculture films. These films find application in commercial agricultural practices. Agricultural films are vastly used by rural farmers. Increasing demand for crops and need to enhance crop yield is expected to boost growth the global agricultural films market.
Increasing global population, which leads to high food demand is also expected to boost growth of the agricultural films market. Agriculture films are assumed to increase crop quality and yield. According to Population Reference Bureau (PRB), world population is expected to reach 9.9 billion by 2050 up by 29%, from 7.6 billion in 2018. Therefore, significant growth in global population is expected to boost the agriculture film market growth during the forecast period.
However, adverse effects of plastic on the environment and on human health may hamper the market growth. For instance, according to National Health and Nutrition Examination Survey produced by the US, Bisphenol - A also known as BPA (hazardous chemical), used to make billions of plastic beverage containers, dinnerware, protective linings of food cans and toys, is considered an endocrine disruptor, meaning it can both decrease or increase endocrine activity in humans and cause adverse health effects. Moreover, the average cost to build a greenhouse is around US$12,161 if professional labor is used. Therefore, high cost of installation of greenhouse films is also expected to hamper growth of the market.
Among product type, Linear Low Density Polyethylene (LLDPE) is expected to drive growth of agriculture film market during the forecast period. This is owing to increasing use of LLDPE in agricultural films due to its properties such as resistance to sunlight and cracking, high tensile strength, and high puncture resistance. Low-density Polyethylene (LDPE) is replaced by LLDPE in many application areas due to its high performance and lower production cost.
Among applications, the greenhouse film segment is expected to witness significant growth in the global agricultural films market. Greenhouse films offer durability and protect crops from UV rays.
Asia Pacific holds dominant position in the agriculture films market and is the fastest growing market during the forecast period. This is due to increasing adoption of controlled agriculture (controlled environment agriculture is a technology, which maintains optimal growing conditions and provides protection throughout the development of crops) and growing population in the region. A significant growth in the agricultural sector and increasing demand for food in countries such as India is also expected to contribute to growth of the agricultural films market in the region. For instance, according to India Brand Equity Foundation, Government of India is targeting food grain production of 285.2 million tons in 2019 from 284.83 million tons in 2017.
Major players operating in the global agriculture films market include, Berry Global Inc., Agriplast Tech India Pvt. Ltd., RPC Group Plc., Coveris, The Dow Chemical Company, Groupe Barbier, AL-Pack Enterprises Ltd., Trioplast Industrier AB, RKW SE, BASF SE, Achilles Corporation, Polifilm, Anhui Guofeng Plastic Industry Co., Ab Rani Plast Oy, Novamont S.p.A., Grupo Armando Alvarez, Britton Group Inc., Plastika Kritis S.A., Industrial Development Company sal, Ltd., Kuraray Co., Ltd., and others.
On the basis of polymer type, the global agricultural films market is segmented into:
On the basis of application, the global agricultural films market is segmented into:
On the basis of region, the global agricultural films market is segmented into:
Agricultural Films Market Key Developments: