LeapZipBlog: Steve Blade's blog: Complete Research Report on Sales Agricultural Films Market 2019 with Top Players Aanalysis

Complete Research Report on Sales Agricultural Films Market 2019 with Top Players Aanalysis

July 19, 2019 by Steve Blade  

The report on the agricultural films market was compiled using a robust and elaborate research methodology. The methodology involved the use of a two-phase research process namely primary and secondary. Seasoned experts from the agriculture films market were interviewed as a part of the primary research while secondary research was conducted by leveraging the information found through the study of company press releases, trade journals, paid sources, and other publications related to the agricultural films market. Results from both research steps were cross-referenced with one another to filter out erroneous information and create an accurate and authentic forecast of the agricultural films market.

According to the recent study of Fact.MR, the agriculture films sales are estimated to exceed 4300 tons in 2019, recording a Y-o-Y growth at more than 4.0% over 2018. Gains in the agricultural films industry remains influenced by numerous multipronged factors, ranging from the development of biodegradable and eco-friendly alternatives, to introduction of affordable machines for fast yet efficient laying down of films on a large scale.

The study finds that mulch plastic films are preferred over other agricultural film variants, with sales in 2019 estimated at over 2200 tons. Comparatively larger sales of mulch plastic films can be backed by its unparalleled effectiveness in increasing farmland yield. In addition, mulch plastic films has gained widespread acceptance among farmers worldwide, as it facilitates creating favorable microclimatic conditions for accelerating the growth of crops.

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Factors Propelling the Growth of Agricultural films Market

  • A recent surge in the legalization of marijuana and hemp has directly influenced the demand for agricultural films. The legalization of recreational marijuana in Canada, hemp cultivation in the US, and intense progressivism for medical marijuana across Europe, are collectively expected to create lucrative opportunities for agricultural films industry players. Plastic mulch is finding widespread adoption in the cultivation of hemp and marijuana, owing to their affordability and effectiveness in improving the crop yield.
  • Responding to the environmental abuse of plastic, administrative authorities worldwide are issuing stringent guidelines for use of the material across industries. As technological headways continue to succor the development of eco-friendly and biodegradable films, lucrative opportunities are imminent for players in the agricultural films market. Manufacturers in the agricultural films market are directing their efforts towards the development and launch of eco-friendly products, to capitalize on the burgeoning demand.
  • Agricultural films incorporated with insecticides and pesticides are gradually gaining traction, alongside advancements in nanotechnology that underpin agricultural films market players in commercializing the production of pesticide or insecticide-releasing variants.

Challenges that Need to be Addressed by Stakeholders in the Agricultural films Market

  • The production and development of biodegradable agricultural films are still in the nascent phase, with production costs of the significantly higher compared to their traditional counterparts. The trickle-down effect of high production costs on the selling price of biodegradable plastics, coupled with the bolstering efforts to reduce plastic pollution is likely to stifle growth of the agricultural films market.
  • Numerous studies suggesting the use of plastic films in agriculture as the prime source of entry of carcinogens in the food chain, is likely to hamper agricultural films sales. Additionally, growing consumer interest in the supply chain of food and agriculture production is estimated to dent agriculture film sales during the forecast period.
  • The estimated adverse impact of plastic films on agriculture production such as decreased soil porosity, changing nature of microbial communities, and the eventual decrease in the production capacity of farmland is likely to continue to pose a daunting challenge in the agricultural films market.

Rapid Adoption of Organic Farming Practices to Impede Sales

According to the study, growing consumer awareness about the health benefits associated with the consumption of organic food products, and increasing inclination towards paying more for these products is driving the adoption of organic farming practices. With organic farming practices being based around the principles of avoiding the use of synthetic substances, agriculture films sales are expected to remain directly impacted.

Food processing companies are now preferring the use of products cultivated organically, in order to boost their profits by capitalizing on rising preference for organic food. This coupled with, numerous studies that recommend prohibition of plastic use in the food chain, are estimated to confine agricultural films sales in the near future. Although agricultural films manufacturers are introducing novel biodegradable products in the market, the higher production costs incurred during the manufacturing of these products is further restraining their adoption.

Leading players operating in the agricultural films market are Ginegar Plastic Products, Berry Plastics, Polifilm, AEP Industries Inc., Dow, BASF SE, Trioplast Industries AG, and Dow.      

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