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Agricultural films and bonding are the materials used for farming purposes. Using agricultural films is an innovative approach and is much better than conventional methods because it reduces the risks of plant rotting. Agricultural films are polyethylene films or are made from other materials and used in various agricultural practices.
Key Market Driver -
The growing demand for high-quality crops and the rising need for ideal agricultural productivity drive agricultural films and the bonding market.
Key Market Restraint -
The high cost of installation teamed with adverse of plastics on the environment can act as the restraining factors for the growth of agriculture film and bonding market
On the basis of type, the market of Agricultural Films and Bonding is segmented into agricultural films, twine, netting, and others. On the basis of the end-use industry, the market is segmented into greenhouse, mulching, silage, vegetable & fruit packing, shade, anti-insect, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Agricultural Films and Bonding market is fairly fragmented with a number of global & regional players operating. Some of the key players in the global Agricultural Films and Bonding include ExxonMobil Corporation, British Polythene Industries PLC (BPI), Trioplast Industrier AB, Armando Alvarez SA, Barbier Group, Novamont, BASF, Kuraray, Ab Rani PlastOy, RPC bpi group and others.
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The global Agricultural Films and Bonding market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Agricultural Films and Bonding market is dominated by the Asia-Pacific region in terms of both consumption and production. The rapid agricultural growth and growing food demand in emerging economies like India and China, leading to the growth of agricultural films and bonding industry
North America has a substantial market share. This growth can be attributed to the growing population in this region, along with the demand for regulated agriculture, which is likely to drive agricultural films and bonding markets during the forecast period.
Europe is expected to see stagnant growth as a result of strict environmental regulations concerning film disposal and development. Yet changing market focus to biodegradable materials is expected to drive regional growth further.
Middle east and Latin America are expected to see a sluggish growth due to strict environmental regulations owing to hazardous nature of certain films.
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