Global Agricultural Films and Bonding Market - 2019-2026
発行: DataM Intelligence
Agricultural films and bonding are specially used for the soil protection, greenhouse farming, and mulching. As it provides many advantages including temperature control, reduces soil erosion, protect against UV rays, weed control, and provides nutrient conservation. Thus increasing demand for the plastics films to conserve the farm and raise the yielding with better water conservation has created the demand for this market. According to the recent research study by Advances in Material Sciences & Engineering in 2017, the consumption of plastic material in agriculture sector has been estimated to around 5 million tons per year around the globe. As the plastic agricultural films and bonding helps to protect the crop from strong rainfall wind, hail, and snow by keeping it in micro-climatic conditions. The global agricultural films and bonding market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for food with surge in sustainable productivity using the best agricultural practices for high yielding due to increase global population. According Food & Agriculture organization of United Nations (FAO) report in 2018, the global population was around 7.3 billion and is projected to reach more than 9 billion by 2050. This has been propelled the demand for food by 50 to 70% which will require high yielding with sustainable technologies by conserving water and greenhouse coverings. Hence the Agricultural Films and Bonding helps cover and is used to maintain favorable conditions of temperature, gas composition solar radiation, and humidity.
There is rise in development of sustainable biodegradable mulch, and films by the leading players have created huge demand for this market. For instance 29th Aug, 2019, BASF had been launched ecovio M 2351 which is certified soil-biodegradable mulch film. This soil-biodegradable plastic mulch films made from renewable raw materials which consist of the biodegradable co-polyester polybutylene adipate terephthalate (PBAT) ecoflex and other biodegradable polymers.
The global agricultural films and bonding market is segmented based on Product type, type of thrust, applications and region.
In terms of product type the global agricultural films and bonding market is bifurcated into films, netting, twine and others. Among this films segment has the highest market share owing to increasing demand for high-quality and high yielding of crops. According to International Fertilizers Association (IFA) in 2019, the agriculture film sale is increasing at the rate of 4% annually and is recorded to around 4300 tons sale in the same year.
Similarly, netting and twine segments are also growing at faster pace owing to increase in demand for packaging, binding and stacking products like fruits and vegetables. According Food & Agriculture organization of United Nations (FAO) report in 2016, total sale of fisheries and aquaculture production was estimated at USD 362 billion, out of which USD 232 billion was from aquaculture production.
Depending upon the raw material, the global agricultural films and bonding market is classified as polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE) and others. Among this, polypropylene (PP) has the highest market share owing to water-resistant material and can be used for tubing and irrigation systems. According to the World Bank Organization, the out of total cultivated land 20% is subjected to irrigated agriculture which propels this PP segment for high yielding.
Similarly, low-density polyethylene (LDPE) and high-density polyethylene (HDPE) segment is also growing at faster pace owing to increasing demand for protection of crops for high yielding to sustain the global food demand.
Depending upon the applications, the global agricultural films and bonding market is divided into Greenhouse, Mulching, Shade, Fruit & Vegetable Packing, Packing, Anti-hail & insect, and others. Among this, Mulching segment has the highest market share in 2019. This is primarily owing to it provides high yielding of crops as it provides protection against heavy rain. For instance in a recent trial From China, the plastic mulch of 15 micron thickness applied on sugarcane which has shown that yield increased by of 26%.
Similarly, greenhouse, shade, Fruit & Vegetable Packing, Packing, Anti-hail & insect, are also growing at faster pace owing to it provides protection of crops from in horticulture, and provides suitable confined space with controlled and better microclimatic conditions for crop yielding. Plastic films using greenhouse covering, shade, low and medium tunnels, and soil mulching provides require humidity in order to optimal growth of the plants, allowing photosynthesis, and respiration of plants.
By region, the global agricultural films and bonding market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominated region for the global agricultural films and bonding market and expected to grow at the highest CAGR during the forecasted period due to growing agricultural foods, fruits and vegetable cultivation due to huge population followed by North America & Europe region. According Food & Agriculture organization of United Nations (FAO), the Asia Pacific region's urban populations has been increased to more than 580 million in 2020 and this propels the food demand with can be increased by using suitable techniques. Agricultural films and bonding can help to improve the yielding of crop.
North America is the also growing at faster pace for the agricultural films and bonding market, rising adoption of biodegradable films by the farmers for high yielding of crops in this region. Similarly in Europe the demand for films like LDPE, PP etc has been increased for agricultural due to high recycling capacity and growing manufacturing units in this region. According to WRAP organization, in UK there were an estimated 90,000 tonnes of LDPE packaging is recycled in the UK out of which majority portion is for film which can be used in agriculture, and food processing industry.
The global Agricultural Films and Bonding market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Armando Alvarez Group, The Dow Chemical Company, BP Industries (BPI), BASF SE, Barbier Group, Kuraray, ExxonMobil Corporation, RKW SE, Berry Plastics Group, British Polythene, Trioplast Industries AB, Novamont the leading market players with significant market share.
There is launching of new technology to enhance the yielding as well as rising the government programs for the farmers to increase the productivity may create huge opportunity for this market. For instance 5th Jan 2019, BASF Company had been launched light stabilizer for Greenhouse Films that has been helped to increase the yield and reduce waste for Vietnam Farmers
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their production capacity to cope up the market demand. For instance 16th Oct 2019, Novamont had been increased the production capacity of compostable bioplastics MATER-BI to 150,000 tonnes. This has been enabled production capacity to be increased by 40,000 tonnes to the current capacity owing to strong growth in demand for compostable and biodegradable products.