The global agricultural films market is estimated to grow at a CAGR of 6.90 percent by revenue over the period 2014-2019. This was revealed by a report ‘Global Agricultural Films Market 2015-2019’, released by the global research firm, Research and Markets in Dublin.
Agricultural films are new age films that are a component of modern farming technologies used to increase farm productivity. They are generally made from a variety of plastic resins such as PE, EVA, PVC, and PVOH. They offer a wide range of benefits in mulching, silage, and greenhouse applications such as controlling temperature and moisture of soil, elimination of weeds, enabling lesser use of herbicides, storage and growth of crops in greenhouses, and prevention of soil erosion, apart from protecting fodder in silage bales. However, due to disposal and pollution hazards, they are facing competition from non-biodegradable alternatives.
One of the major trends in this market is the adoption of high-barrier EVOH films, which have qualities such as impermeability to external gases. They are highly priced compared to other conventional materials, but their barrier properties are ensuring their increased adoption. EVOH films also have a reduced environmental impact and generate better savings during the entire crop life cycle. These also eliminate the need for addition of additives to the films to extend their shelf life.
According to the report, one of the major drivers is crop production crisis. World population has increased at an alarming cumulative rate in the last decade. Shortage has caused prices of staple foods to grow substantially. Many factors result in crop shortage, such as natural calamities. Natural calamities such as floods and famines wipe out crops and render arable land infertile because of scarcity of essential elements.
Further, the report states that one of the key challenges in the market is the stringent legislations set by regulatory authorities.
The global agricultural films market can be divided into three segments based on the type of application; mulching application, greenhouse application, and silage application. The key end-customers of agricultural films belong to the agricultural and horticultural sectors.