Agricultural Films and Bonding Market trends research and projections for 2017- 2024
Global Agricultural Films and Bonding
Market size is likely to witness a healthy
CAGR over the projected timeframe. Agricultural films possess versatile
properties including excellent mechanical resistance, protection from low
temperature, high speed process ability, etc. Binding is done to join more than
two films and it aids in providing stability and shape to a structure.
Strong
demand for optimal yield to sustain the huge demand for food will be the
driving factor for specialty products commercialization which will subsequently
help attain promising gains to the agricultural films and bonding market size
over the projected timeframe. Furthermore, substantial investment in R&D
and technological advancements in farming & agricultural practices is
anticipated to propel the agricultural films and bonding market size in the
coming years.
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Based on the product type, the agricultural films and bonding
market size is classified into films, twines and nettings. Films are widely
used for soil protection, mulching and greenhouse farming. The product provides
excellent advantages including temperature control, reduction in compaction
& soil erosion, weed control, seed germination protection from UV rays and
nutrient conservation. The films segment accounted for a bigger chunk of the
global agricultural film and bonding market in 2016. This has been attributed
to premium quality food products demand backed by increasing requirement for
optimum agricultural productivity. Twines are used for binding and stacking
products. They are also employed in packaging crates for fruits and vegetables
for convenient transportation.
Based on application, the overall agricultural films and
bonding market size is segmented into agricultural films, twines and netting.
Agricultural films are further divided into greenhouse, mulching and silage
(stretch wrap, sheets and bags). On the other hand, agricultural twine by
application is categorized into fruit packaging, vegetable packaging and bale.
Agricultural netting is divided into anti-hail, anti-insects and shading.
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The global agricultural films and bonding market size based
on raw material has been segmented into low density polyethylene (LDPE),
POLYPROPYLENE (PP), high density polyethylene (HDPE), sisal, BOPP and others
which include ethylene vinyl acetate (EVA), polyvinylchloride (PVC), etc.
Polypropylene accounted for the largest market share in 2016. It finds
widespread applications in farming and agriculture. They are used for producing
twines and netting for protecting and packaging products from severe damage. PP
twines are used for binding whereas corrugated PP is used in irrigational
applications.
Furthermore, LDPE is preferred in areas where water supply is
limited and harsh climatic conditions prevail. HDPE is a non-toxic material and
is completely waterproof and durable.
Shading led the application segment and accounted for a major
chunk of the overall agricultural films and bonding market share in 2016 in
European countries. Shading nets are employed to delay or prolong harvesting
period in hot climatic areas. Greenhouse coverings are extensively used in
floriculture and horticulture projects in the Middle East and Europe to
mitigate adverse climatic conditions and to meet the rising demand for food
products from these projects.
Asia
Pacific is anticipated to witness substantial growth in agricultural films and
bonding market size over the forecast duration owing to the rising need for
elevating total agricultural productivity to keep up with rising food demand.
Moreover, favorable conditions and policies from government for R&D to
carry out agricultural practices are likely to have positive influence on
agricultural films and bonding market size growth.
European
agricultural films and bonding market is slated for a moderate growth due to
shrink in farm & pasture land and strict government regulations for film
disposal and production. However, continuous efforts to upgrade farming
techniques and adopt biodegradable products is likely to augment agricultural
films and bonding market size over the next few years. Spain and Italy are
largest product consumers due to greenhouse farming industry growth.
The
prominent market share contributors functional in agricultural films and
bonding market are BASF, The Dow Chemical Company, Ab Rani PlastOy, Barbier
Groupe, Armando Alvarez SA, Trioplast Industrier AB, BP Industries, ExxonMobil
Corporation and Novamont. Other companies operating in the industry are Kuraray
Company Limited, Berry Plastics Group Inc., Britton Group, British Polythene
PLC, Barbier Group and Tama Plastic Industry.
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Corporate Sales, USAGlobal Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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Agricultural Films and Bonding Market trends research and projections for 2017- 2024
Reviewed by Pradip Varpe
on
December 05, 2017
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