Agricultural Films Market to Reach USD 16.37 Billion by 2029; Berry Global Announces Collaboration with CleanFarms and Poly-Ag Recycling to Spur Growth

The global agricultural films market size was valued at USD 10.25 billion in 2021. The market is projected to grow from USD 10.71 billion in 2022 to USD 16.37 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “Agricultural Films Market Size, Share & COVID-19 Impact Analysis, By Material (LDPE, LLDPE, HDPE, EVA/EBA, Reclaims, and Others), By Application (Greenhouse, Mulching, and Silage), and Regional Forecast, 2022-2029.”

Stretchable plastic agricultural films shield plants in greenhouses and open spaces. The crop productivity is increased by these films. These plastic films' functionality and longevity have been improved by the addition of a number of additives, including UV and thermal stabilizers and anti-fogging agents. The demand for food is rising, which has increased the usage of effective plastic films in agriculture.

Interruption in Plastic Supply Affected Agricultural Films Market Growth amid COVID-19

Agri-films are made from plastic raw materials such as polyethylene, ethyl vinyl acetate, and ethyl butyl acrylate. Film production was substantially affected by the upstream supply chain disruption. Complete or partial closure of plastic processors had a detrimental effect on market expansion. However, since 2021, the global market has been progressively recovering due to the opening of economies and the mitigation measures taken by major companies.

Multi-Million Euro Investment will Boost Rani Plast Film Production

Customers of Rani Plast will begin to gain advantages from a million investment plan that includes a new seven-layer bale wrap film blowing process intended to boost production capacity in Finland this fall.

All of Rani Plast's agricultural films are made in its Bjölas location, where the new film line will be installed in July. Customers can purchase silage sheets and bale wrap in varied quantities from a single source, streamlining deliveries and lowering transportation expenses.

With the investment, Rani Plast is better able to produce agricultural films at its Bjölas facility, making it one of the biggest producers in Europe.

Increasing Nano Greenhouses Globally for More Agricultural Output to Bolster Growth

New materials with improved mechanical and optical qualities have developed from plastic sheets that were once employed as greenhouse covers. Due to nano greenhouses, productivity has increased with quicker harvests being made possible. Cellular polycarbonate NANO is a type of coating material used for greenhouses. White polycarbonate with light-modifying capabilities, polycarbonate NANO ensures a light spectrum that is good for plants in a greenhouse. Additionally, nano polycarbonate possesses water-repellency qualities, guards against harsh environmental conditions, and avoids plant burns from direct sunlight, all of which lead to cheaper labor and energy expenses. The expansion of the market share is anticipated to be aided by the product’s rising use as greenhouse covers.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/agricultural-films-market-102701

Partnerships among Companies to Secure their Brand Values in the Global Market

Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users.

Notable Industry Development

• May 2022: Berry Global declares a partnership with CleanFarms and Poly-Ag Recycling on a close-loop method for Canada’s Circular economy.

List of Key Players Covered in the Report

• Rani Plast (Finland)
• Armando Alvarez (Spain)
• BASF SE (Germany)
• Berry Global Inc. (U.S.)
• Kuraray Co., Ltd. (Japan)
• Coveris (U.K.)
• rkw Group (Germany)
• Trioworld Industrier AB (Sweden)
• Exxon Mobil Corporation (U.S.)
• Groupe Barbier (France)
• Novamont S.p.A (Italy)

Further Report Findings

The market size in Asia Pacific stood at USD 5.50 billion in 2021. The region dominated the market due to the growing use of mulching & greenhouse films. China is the major consumer of these films in Asia Pacific due to the high food demand from the ever-growing population.

Based on application, the market is segmented into greenhouse, mulching, and silage. The primary reason for agri-films dominance in the global market is their use to protect crops from the propagation of weeds that prevent the growth and development of crops.

Table of Segmentation