The North American agricultural films market size is anticipated to reach USD 4.60 billion in 2024 and USD 6.02 billion by 2029, growing at a CAGR of 5.510% from 2024 to 2029.
Agricultural films are used to cover greenhouses and cover over soil or wrap around fodder. They aid in the improvement of crop quality and raise overall productivity. The increasing need to raise agricultural productivity to fulfill the daily requirements of the population has led to the commercialization of these specialty coverings.
Growing requirements for food owing to the rise in population coupled with the increasing requirement for optimum agricultural productivity is expected to drive market growth. The rise in requirement for high-quality crops and the decline in arable land is projected to raise product requirements over the coming years 0. Various innovations in the industry, including Ultra Violet (UV) blocking, florescent, NIR blocking, and ultra-thermic films, are expected to impact product requirements positively over the coming years.
However, environmental concerns regarding product disposal and strict government regulations regarding plastics and polyethylene are expected to hamper growth in the near future and affect agricultural films market growth. However, the introduction of biodegradable and bio-based polymer films is expected to create lucrative opportunities for industry participants over the next few years. Biodegradable agricultural films are getting popular in eco-friendly regions. Technological advancements in horticulture coupled with the development of particle, multi-layer, and UV protection films to increase agricultural productivity are expected to raise product requirements over the foreseeable future.
LLDPE has the major market share in this segment and is expected to witness the fastest growth. Factors such as high durability, the extended shelf life of finished products with high tensile strength, and improved thermal properties are expected to raise market growth. Meanwhile, LLDPE and LDPE are expected to witness high requirements in Asia Pacific, especially in China, due to their applications being highly beneficial in areas with limited water supply and harsh climatic conditions. HDPE and EVA/EBA films are used in agricultural applications where rigidity is desired. PVC and EVOH have low market penetration owing to non-competitive prices and low durability of finished products coupled with the non-biodegradable nature of the products.
Mulch film emerged as the leading application segment and accounted for the largest share of the market. Factors such as a rise in the requirement for high-quality crops and a rise in disposable incomes are expected to drive the industry. The greenhouse is projected to witness the fastest growth. Growing greenhouse agriculture in Asia, the Middle East, and Western Europe is expected to have a positive impact on market growth. Increasing requirements for floriculture & horticulture and uncertain climatic conditions are expected to raise market penetration. Greenhouse films also help in increasing productivity and plant cultivation.
North America holds the largest share of the market, owing to its technological advancements in the agricultural sector and heavy investment in research and development of protected Agricultural practices. Favorable government initiatives such as R&D of protected agriculture practices are anticipated to drive industry growth in the region.
Leading players in the agricultural film market are The Dow Chemical Company, BASF SE, ExxonMobil Corporation (U.S.), RKW SE, Berry Plastic Group, Inc., Grupo Armando Alvarez, British Polythene Industries Plc., and Barbier Group.
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