Global Agricultural Films and Bonding Market – Industry Trends and Forecast to 2030

Global Agricultural Films and Bonding Market, By Product Type (Films, Twine, Nettings, Others), Raw Material (Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Ethylene-Vinyl Acetate (EVA), Reclaim, Others), Color Type (Opaque, Transparent, Translucent), Feature (Moisture Proof, Water Soluble), Films Type (Stretch, Shrink, Metallized, Release, Twist), Type of Process (Blow Molding, Casting, Multiple Extrusion, Injection Molding), Application (Greenhouse, Mulching, Silage, Vegetable Packing, Fruit Packing, Bale, Anti-insects, Others) – Industry Trends and Forecast to 2030.

Agricultural Films and Bonding Market Analysis and Size

The increasing demand for food with a surge in sustainable productivity using the best agricultural practices for high yielding. In 2018, According to the Food and Agriculture Organization of the United Nations (FAO) report, the global population was about 7.3 billion and was expected to reach above 9 billion by 2050. This has impelled the demand for food by 50% to 70%, which will require high yielding with sustainable technologies by conserving greenhouse coverings and water. Hence the agricultural films and bonding aids in covering and maintaining favorable conditions of temperature, solar radiation, gas composition and humidity.

Data Bridge Market Research analyses that the agricultural films and bonding market is expected to reach USD 111.53 million by 2030, which was USD 77.83 million in 2022, registering a CAGR of 4.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Agricultural Films and Bonding Market Scope and Segmentation

Market Definition

Agricultural films and bonding are particularly used for greenhouse farming, soil protection, and mulching. It provides many advantages such as protecting against UV rays, weed control, temperature control, reducing soil erosion and providing nutrient conservation. These films' anti-fog, diffusion, thermal effects, durability, transparency and degradation properties make them more appropriate and useful for agriculture.

Global Agricultural Films and Bonding Market Dynamics

Drivers

• Growing demand for plastics films  for better yield

Growing demand for plastic films to raise the yielding with better water conservation and conserve the farm has created a huge demand for the agricultural films and bonding market. According to a recent study by Advances in Material Sciences and Engineering in 2017, the consumption of plastic material in the agriculture industry has been expected to be about 5 million tons per year globally. The plastic agricultural films and bonding aid in protecting the crop from hail, strong rainfall, wind, and snow by keeping it in micro-climatic conditions.

• Growing product launches by major market players to provide biodegradable products

The increasing product launches by major market players to provide biodegradable products is expected to drive the growth of the market during the forecast period. For instance, BASF launched eco via M 2351, a certified soil-biodegradable mulch film, in 2019. These soil-biodegradable mulch films are made from renewable materials such as biodegradable co-polyester polybutylene adipate terephthalate (PBAT) eco flex and many other biodegradable polymers.

Opportunities

• Surging acquisition between major players for market growth

The surging acquisition, mergers, and collaboration between major market players offer numerous opportunities for market growth. For instance, Berry Global Group, a fortune 500 global manufacturer and marketer of plastic packaging products, acquired RPC Group in 2019 for US$6.5 billion. With this acquisition, both companies focus on product development and manufacturing technologies to generate significant value for shareholders.

• Increasing demand for biodegradable films in the agriculture industry

Biodegradable mulch films are used as an alternative to conventional plastic mulches to deal with the polyethylene pollution in the agroecosystem. These films are developed for applications in farming and gardening. It is a high-performance, versatile biopolymer film, and it contains bio-based components. The benefit of biodegradable films in agriculture is that the farmer does not have to do extra work in mulch film collection. Hence, the increasing demand for biodegradable films in the agriculture industry will create locative opportunities for the market growth.

Restraints/ Challenge

• Adverse Effects of Agricultural Films on the Environment

Agricultural plastic film has played a vital role in enhancing agricultural production. Long-term use and ineffective recycling of agricultural film have caused environmental pollution. Incorrect disposal of plastic films creates hazards for clogged water channels and livestock and wildlife. Agricultural plastic film releases dioxins, heavy metals, and particulate matter on burning, which obstruct the photosynthesis of plants, and contribute to the air pollution. Hence, this factor impedes the market growth.

• Regulations associated with use and recycling of plastic

Regulations regarding the use and recycling of plastic are being followed in various regions, thus hampering the growth of the agricultural films and bonding market. For instance, regulations regarding plastic, and recycled PET usage are issued by Bureau of Indian Standards in India. The document IS 14534: 1998 titled “Guidelines for Recycling of Plastics,” specifies the step-by-step processes for recycling and recovering plastic waste.

This agricultural films and bonding market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the agricultural films and bonding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2022, BASF announced increasing manufacture capacity for its hindered amine light stabilizers at sites in Lampertheim, Germany and Pontecchio Marconi, Italy. As part of a multi-step investment plan, BASF goals to support the increasing demand for light stabilizers used in durable plastics applications and offer improved security of supply to global businesses.

Global Agricultural Films and Bonding Market Scope

The agricultural films and bonding market is segmented on the basis product type, raw material, color type, feature, films type, type of process and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Films
• Low-Density Polyethylene (LDPE)
• Others
• Twine
• Sisal
• Polypropylene
• Low-Density Polyethylene (LDPE)
• Others
• Nettings
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Polypropylene
• Others
• Others

 Raw Material

• Polypropylene (PP)
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Ethylene-Vinyl Acetate (EVA)
• Reclaim
• Others

Color Type

• Opaque
• Transparent
• Translucent

 Feature

• Moisture Proof
• Water Soluble

 Films Type

• Stretch
• Shrink
• Metallized
• Release
• Twist

 Type of Process

• Blow Molding
• Casting, Multiple Extrusion
• Injection Molding

Application

• Greenhouse
• Classic Greenhouse Films
• Macro Tunnels/Walking Tunnels
• Low Tunnels
• Mulching
• Transparent or Clear
• Black
• Other
• Silage
• Stretch Wrap
• Sheet
• Bag
• Vegetable Packing
• Fruit Packing
• Bale
• Anti-insects
• Others

Agricultural Films and Bonding Market Regional Analysis/Insights

The agricultural films and bonding market is analyzed and market size insights and trends are provided by country, product type, raw material, color type, feature, films type, type of process and application as referenced above.

The countries covered in the agricultural films and bonding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the agricultural films and bonding market owing to increasing support from the government for research and development activities for better agriculture practices. Furthermore, growing production capacities for Polyethylene (PE), a major raw material for agricultural films, further boosts the market growth.

Europe is expected to be the fastest developing region during the forecast period of 2023-2030 because of growing demand for biodegradable material in this region. Furthermore, stringent environmental rules regarding manufacturing and film disposal will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Agricultural Films and Bonding Market Share Analysis

The agricultural films and bonding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agricultural films and bonding market.

Some of the major players operating in the agricultural films and bonding market are:

• Dow (U.S.)
• BASF SE (Germany)
• Exxon Mobil Corporation (U.S.)
• Berry Global Inc.(U.S.)
• Kuraray Co. Ltd. (Japan)
• Novamont S.p.A. (Italy)
• Industrial Development Company sal (Middle East)
• RKW Group (Germany),
• Ginegar Plastic Products Ltd. (Israel)
• Essen Multipack Limited (India)
• MONO INDUSTRIES (India)
• BAGHBAAN VINIMAY PVT. LTD (India)
• Shivam Polymers (India)
• AEP Company. (U.S.)
• Al-Pack (Canada)