Agricultural films play a crucial role in modern farming by providing protection against adverse weather conditions, controlling soil temperature, and minimizing water evaporation. These films enhance crop yield, reduce pest damage, and promote efficient resource utilization. Additionally, the bonding market, particularly in agriculture, involves the use of adhesives and sealants for assembling and repairing equipment, securing greenhouse structures, and maintaining the integrity of irrigation systems. Both agricultural films and bonding solutions contribute significantly to sustainable farming practices, ensuring higher productivity and resource conservation in the agricultural sector.
According to Data Bridge Market Research analyses the Global 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.
"Rise in demand of plastic films for better agricultural yields boosts the market growth"
The growing demand for plastic films in the global agricultural films and bonding market is being driven by the pursuit of better agricultural yields. Plastic films offer crucial benefits such as enhanced soil temperature control, moisture retention, and weed suppression, contributing to improved crop productivity. Farmers worldwide are increasingly adopting these films to create optimal growing conditions, protect crops from adverse weather, and reduce water usage. The films aid in preventing soil erosion and disease transmission, further amplifying their significance in modern agriculture.
What restraints the growth of global agricultural films and bonding market?
“Regulatory constraints associated with the market hinders its growth”
The global agricultural films and bonding market faces regulatory constraints related to the use of plastics. Governments worldwide are implementing stricter regulations to address environmental concerns and reduce plastic waste. Restrictions on single-use plastics, increased emphasis on recycling, and bans on certain plastic materials impact the agricultural films and bonding industry.
Segmentation: Global Agricultural Films and Bonding Market
The global agricultural films and bonding market is segmented on the basis of product type, raw material, color type, feature, films type, type of process, and application.
- On the basis of product type, the global agricultural films and bonding market is segmented into films, twine, nettings, and others
- On the basis of raw material, the global agricultural films and bonding market is segmented into polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), ethylene-vinyl acetate (EVA), reclaim, and others
- On the basis of color type, the global agricultural films and bonding market is segmented into opaque, transparent, and translucent
- On the basis of feature, the global agricultural films and bonding market is segmented into moisture proof, and water soluble
- On the basis of films type, the global agricultural films and bonding market is segmented into stretch, shrink, metallized, release, and twist
- On the basis of type of process, the global agricultural films and bonding market is segmented into blow molding, casting, multiple extrusion, and injection molding
- On the basis of application, the global agricultural films and bonding market is segmented into greenhouse, mulching, silage, vegetable packing, fruit packing, bale, anti-insects, and others
Regional Insights: Asia-Pacific is expected to dominate the Global Agricultural Films and Bonding Market
The Asia-Pacific is expected to dominate the agricultural films and bonding market due to robust government backing for research and development in agriculture. Additionally, increased production capacities of Polyethylene (PE), a key material for agricultural films, contribute to market expansion. These factors underscore a positive trend towards advancing agricultural practices and fostering growth in the sector.
Europe is expected to experience rapid agricultural film market growth from 2023 to 2030 due to increasing demand for biodegradable materials. The region's emphasis on stringent environmental regulations for manufacturing and film disposal will drive market expansion. The growing awareness and commitment to sustainable practices contribute to Europe's position as the fastest-developing region in the forecast period.
To know more about the study visit, https://www.databridgemarketresearch.com/fr/reports/global-agricultural-films-and-bonding-market
Recent Developments in Global Agricultural Films and Bonding Market
- In 2022, BASF announced plans to boost manufacturing capacity for hindered amine light stabilizers in Lampertheim, Germany, and Pontecchio Marconi, Italy. As a key component of a multi-step investment strategy, BASF aims to meet the rising demand for light stabilizers in durable plastics applications while enhancing the global supply chain's reliability
The Prominent Key Players Operating in the Global Agricultural Films and Bonding Market Include:
- 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)
Above are the key players covered in the report, to know about more and exhaustive list of global agricultural films and bonding market companies contact, https://www.databridgemarketresearch.com/fr/contact
Research Methodology: Global Agricultural Films and Bonding Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
