Market Overview

Global Agricultural Films Market 2018-2022| Increasing Adoption of Biodegradable Mulches to Boost Growth| Technavio


analysts forecast the global agricultural films market to grow at a CAGR
of almost 7% during the forecast period, according to their
latest market research report.

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Technavio has published a new market research report on the global agricultural films market from 20 ...

Technavio has published a new market research report on the global agricultural films market from 2018-2022. (Graphic: Business Wire)

The increasing adoption of biodegradable mulches is one of the major
trends witnessed in the global
agricultural films market 2018-2022
. Agricultural mulches help
in maintaining the soil temperature, reduce moisture, and increase the
crop yield by reducing weed growth. But, the disposal of agricultural
films that are made of polythene leads to soil and water pollution.
Thus, farmers are moving toward eco-friendly alternatives such as
biodegradable mulches because of the challenges related to the disposal
of agricultural films.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global agricultural films market is the need to
increase agricultural yield:

Global agricultural films market: Need to
increase agricultural yield

There has been an increase in the global population. This rise in
population and growth in industrialization have led to an increase in
urbanization, which is adding to the loss of arable land around the
world. Since 1993, 75 billion tons of soil has been eroded from arable
lands across the globe due to an increased use of fertilizers.

According to a senior analyst at Technavio for research on packaging,
"There has been an increase in the demand for agricultural films among
farmers. This is because they need to consider several factors such as
the changes in climatic conditions, soil characteristics, water and
other nutrient levels in the soil, and other macroeconomic factors in
crop production."

Global agricultural films market: Segmentation

The global agricultural films market research report provides market
segmentation by application (mulch films, greenhouse films, and silage
films) and by region (Americas, EMEA, and APAC). It provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

Of the three major applications, the mulch films segment held the
largest market share in 2017, contributing to over 44% of the market.
This application segment will dominate the global market throughout the
forecast period.

APAC held the largest share of the market in 2017, accounting for close
to 73% share. It was followed by the Americas and EMEA respectively. The
APAC region is anticipated to project the highest growth during the
forecast period.

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