??Agricultural Films and Bonding Market Size, Share, Trends, Growth & Challenges 2032??
According to the report published by Zion Market Research, the global Agricultural Films And Bonding Market size was valued at USD 8.69 Billion in 2022 and is predicted to reach USD 13.55 Billion by the end of 2030. The market is expected to grow with a CAGR of 5.72% during the forecast period.
It is anticipated that the market will expand due to the increasing demand for food and the growing expectation of optimal agricultural productivity. It is anticipated that the development will be positively impacted by the decreasing availability of arable land and the production of high-quality crops.
The agricultural film offers a variety of advantages over traditional polymer film, such as improved soil heating, weed suppression, UV protection, seed germination support, decreased soil compaction and erosion, and external nutrient provision. Agricultural film and bonding are among the materials employed in cultivation.
The utilization of agricultural film and bonding to safeguard plants from decay is a novel approach that is significantly more effective than conventional methods. The strength, transparency, anti-fog, diffusion, temperature effects, and degrading characteristics of these coatings render them more advantageous for agricultural purposes.
The agricultural films and bonding market is anticipated to expand as a consequence of numerous market innovations, including fluorescent, ultraviolet protection, and ultra-thermic screens. Silage screens are primarily employed on pasture fields to hold animal feed due to their ability to maintain moisture and facilitate the process of handling and shipping.
The supply chain was disrupted due to the robust market demand for chemicals and supplies that are essential for combating the COVID-19 pandemic, despite their exorbitant prices. The COVID-19 outbreak had an impact on the market for agricultural film and bonding. In response to the pandemic, governments worldwide have implemented a state of quarantine to prevent the virus from spreading.
The lockdown, which imposed a variety of restrictions on international commerce, resulted in a scarcity of raw resources in numerous countries. Furthermore, the market demand for agricultural film and bonding decreased due to the slowdown in agriculture-based activity, resulting in negative growth for these products during the period.
During the forecast period of 2024–2032, the Agricultural Films And Bonding Market is anticipated to experience a remarkable CAGR in revenue and exponential market growth. Globally, there is an increasing demand for agricultural films and bonding for greenhouse, mulching, and silage applications.
This has contributed to the market's expansion. The report offers a comprehensive understanding of the lucrative opportunities available in the Agricultural Films And Bonding Market at the country level. The report also provides a detailed analysis of the cost, segments, trends, region, and commercial development of the main key players globally for the projected period.
The Agricultural Films And Bonding Market report is a compilation of data regarding a market within a particular industry or a variety of industries. The Agricultural Films And Bonding Market report comprises an analysis of both quantitative and qualitative data, with a forecast period that spans from 2024 to 2032.
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The report is formulated to account for a variety of factors, including the following: product pricing, product or service penetration at both the country and regional levels, country GDP, market dynamics of the parent and child markets, end application industries, major players, consumer buying behavior, economic, political, and social scenarios of the countries, and many others. The report is organized into a variety of segments to provide a comprehensive analysis of the market from every conceivable perspective.
The primary sections of the report are market segments, market outlook, competitive landscape, and company profiles. The segments offer information from a variety of perspectives, including the end-use industry, product or service type, and any other pertinent segmentation based on the current market situation.
This information encompasses a variety of aspects that can be used to conduct additional marketing activities. In the market outlook section, a comprehensive examination of the market's evolution, growth drivers, restraints, opportunities, and challenges, as well as Porter's Five Forces Framework, macroeconomic analysis, value chain analysis, and pricing analysis, is provided.
These analyses directly influence the market both currently and in the future. Drivers and restraints are examples of the market's internal factors, whereas opportunities and challenges are examples of the market's external factors that are influencing it. The market prognosis section also provides an indication of the trends that are influencing the development of new businesses and investment opportunities.
Drivers of Growth
During the forecast period, the agricultural films and bonding market is experiencing growth due to the increasing demand for biodegradable products in the agricultural segment. Biodegradable plastic mulches (BDM) are employed as an alternative to conventional plastic mulches in order to mitigate polyethylene contamination in the agroecosystem.
Biodegradable mulch film has been created for agricultural and horticultural applications. It is a biopolymer material that has been certified for compostability, biobased content, and exceptional performance. The advantage of biodegradable film in the agro-industry is that the farmer can plow it in after harvesting, eliminating the need for additional labor to collect the mulch film.
There are numerous laws that regulate the use of plastics. The use of plastic in agricultural coatings and bondings is at risk as a result of the increasing environmental concerns. Due to this, it is envisaged that the supply of biodegradable films and bondings will increase in these regions. In the marketplace, recyclable or biodegradable plastics are selected.
It is anticipated that the agricultural films and bonding market will expand during the forecasting period due to the fact that these films and bondings reduce the cost of their eradication. The biodegradable film conserves resources and reduces pollution. Additionally, the utilization of biodegradable film in agriculture promotes sustainability and reduces soil contamination.
Agricultural coatings offer a variety of benefits, including temperature management, reduced soil erosion and compaction, weed control, seed germination, nutrient conservation, and UV protection. Agricultural films are employed in a variety of applications, including greenhouse covering, netting, silage, and mulching. Bonding is the process of securing two or more films in order to enhance the stability and design of the structure. The market is expected to be driven by the increasing demand for higher quantities of high-quality commodities and more efficient methods of agricultural production.
Agricultural coatings facilitate the growth of plants with minimal water, soil, and nutrition. Polyethylene (PE), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Linear Low Density Polyethylene (LLDPE), and Low Density Polyethylene (LDPE) are among the materials that are typically employed to manufacture agricultural films.
Agricultural films are typically opaque; however, transparent or translucent films may be employed for specific applications. Agricultural coatings are capable of regulating temperature and moisture, safeguarding plants from frost and low temperatures, reducing energy consumption by reducing heating costs, enhancing plant quality, and boosting crop production. It is anticipated that the market will be stimulated by the increasing number of greenhouses, both large and small, that utilize agricultural films.
The ongoing advancements in food production have fueled the demand for effective additives and colorants for plastics in agricultural applications. Agricultural plastic converters require products that enhance the durability of plastics and increase crop yield and quality, all while adhering to strict standards regarding the impact of agricultural activities on the environment, water consumption, and material costs.
Currently, manufacturing companies provide films with a superior texture for cylindrical or flat surfaces. Numerous manufacturers are endeavoring to provide novel and inventive solutions, including ultra-thermic displays, UV and NIR blocking, and florescent lighting. These innovative solutions are anticipated to contribute to market expansion.
Additionally, companies are providing biodegradable and bio-based polymer films, which are expected to increase market demand. An example is BASF's 'ecovio? M', which was specifically designed for film applications in the agricultural and gardening sector. It is certified compostable and contains biobased content. Consequently, farmers are not required to expend time and energy harvesting the films after harvest; rather, they can directly plow them in, thereby saving both time and money.
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China is the country with the highest market proportion of agricultural films in Asia. The utilization of agricultural films is progressively expanding to other regions, such as Europe and North and South America.
Global Agricultural Films And Bonding Market: Competitive Players
The key market players that are involved in the agricultural films and bonding market include:
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The global Agricultural Films And Bonding Market is segmented as follows:
By Type of Material?
By color?
By Feature?
By Films?
By Process?
By Application?
Global Agricultural Films And Bonding Market: Regional Segment Analysis
Increased Demand for Biodegradable Films in the Agriculture Sector
As an alternative to conventional plastic mulches, biodegradable plastic mulches (BDM) are employed to mitigate polyethylene contamination in the agroecosystem. Biodegradable mulch films are designed for use in agriculture and horticulture. It is a biopolymer film that is both high-performance and versatile, and it is certified compostable. Additionally, it contains biobased content. The agricultural sector benefits from biodegradable films in that they eliminate the need for additional labor in the accumulation of mulch films after the harvest, allowing farmers to plow them directly into the soil. This approach is both cost-effective and time-efficient.
The expanding agriculture industry is driving the market for biodegradable agriculture films and bonding. For example, in 2020, the U.S. agricultural exports to China of wheat, maize, cotton, and other products totaled US$26.4 billion, a US$12.6 billion increase from 2019. This information is cited from the U.S. Department of Agriculture. Therefore, the market for agricultural films and bonding will experience an additional increase during the forecast period as the agriculture industry expands.
The market is experiencing growth due to the increasing demand for high-quality and quantity of crops.
The demand for high-quality and quantity commodities has increased as a result of the growing population and income. For example, the United Nations predicts that the global population will increase by 2 billion individuals over the next three decades, from 7.7 billion in 2021 to 9.7 billion in 2050. Globally, farmers are increasing crop production by either expanding agricultural land to cultivate crops or enhancing the production of crops on existing agricultural lands through the use of fertilizer, irrigation, and novel methods such as precision farming.
The market for greenhouse-grown fresh produce is being driven by the increasing demand for year-round access to freshly produced, high-quality crops. This demand is resulting in an increase in the demand for agricultural films, which are used to improve crop productivity. Polyethylene, which is utilized as agricultural films and bonding plastic, is frequently employed as a covering material in greenhouses and tunnels to enhance crop yield and secure crops. The market development will be stimulated by the increasing government efforts to increase the yield of high-quality crops.
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For instance, the Indian Brand Equity Foundation reported that in September 2021, the Union Ministry of Agriculture and Farmers' Welfare signed five memoranda of understanding (MoUs) with CISCO, Ninjacart, Jio Platforms Limited, ITC Limited, and NCDEX e-Markets Limited. These agreements were intended to assist farmers in determining the type of crops to cultivate, the variety of seeds to use, and the most effective methods to optimize yields. Consequently, the market for agricultural films and bonding will be driven by the increasing demand for high-quality and quantity of commodities.
Challenges in the Agricultural Films and Bonding Market
The market growth will be impeded by the adverse environmental effects of the use of agricultural films.
The agricultural plastic film has been instrumental in the improvement of agricultural production and income. Environmental pollution has resulted from the ineffectual recycling and long-term use of agricultural film. The improper dispersal of plastic films can result in the entanglement of equipment, the creation of hazards for livestock and wildlife, and the obstruction of water channels. When burned, agricultural plastic film releases dioxins, particulate matter, and heavy metals, which impede the photosynthesis of plants and contribute to air pollution.
Additionally, plastic mulching contributes to the global plastic pollution by contaminating agricultural soils with polyethylene residues. For example, the United Nations Environment Programme (UNEP) estimates that plastic contamination in oceans and other bodies of water is expected to double by 2030, with a global plastic waste production of 275 million tonnes per year. As a result, the environmental effects of agricultural films will prevent the market's growth.
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