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
Challenges that Need to be Addressed by Stakeholders 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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