Market Size of Asia-Pacific Agricultural Films Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.40 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Agricultural Films Market Analysis
The Asia pacific agricultural films market is projected to register a CAGR of 5.4% during the forecast period 2020-2025. Soil solarization is one of the most common practices in advanced agriculture. Films reduce the exposure of soil and seeds, thereby reducing the impact of weed seeds, conserve soil moisture and nutrients and reduce soil compaction. Films are also used extensively in protected cultivation. The impact of agricultural films on the protection of soil and the indirect impact on yield due to soil moisture conservation and reduction of weed growth are impacting the adoption of mulching using films as a standard practice in advanced agriculture.
APAC Agricultural Films Industry Segmentation
The agricultural film, which is treated like a modern-day application, is used in many innovative agricultural practices. Agricultural films are used extensively for soil protection, greenhouse farming, and mulching. The benefits derived include reduced soil erosion and compaction, temperature control, nutrient conservation, seed germination, weed control, and protection against UV rays. The Asia Pacific Agricultural Films Market is segmented by Type into Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA), and Other Films, by Application into Greenhouse, Silage, Mulching, and Others, and by Geography into China, India, Japan, Australia, and Rest of Asia Pacific.
Type | |
Low-Density Polyethylene | |
Linear Low-Density Polyethylene | |
High-Density Polyethylene | |
Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA) | |
Others |
Application | |
Green house | |
Silage | |
Mulching |
Geography | |
China | |
India | |
Japan | |
Rest of Asia Pacific |
Asia-Pacific Agricultural Films Market Size Summary
The Asia Pacific agricultural films market is experiencing significant growth, driven by the increasing adoption of advanced agricultural practices such as soil solarization and protected cultivation. These films play a crucial role in enhancing agricultural productivity by reducing soil and seed exposure, conserving soil moisture, and minimizing weed growth. This has led to the widespread use of mulching as a standard practice, particularly in regions like China, where urbanization and decreasing arable land have necessitated innovative solutions to boost crop yields. The adoption of plastic film mulching technology has notably improved grain crop yields and water use efficiency, thereby escalating the demand for agricultural films across the region.
The market landscape in the Asia Pacific region is characterized by a high degree of fragmentation, with numerous players vying for market share. Key companies such as BASF, Berry Plastics Corporation, and The Dow Chemical Company are actively engaging in strategic initiatives like mergers and acquisitions to enhance their market presence. The ongoing reduction in arable land, coupled with the rising population, underscores the critical need for efficient agricultural practices, further propelling the demand for agricultural films. These films are instrumental in modifying soil temperature, preventing moisture loss, and improving crop yield, making them an essential component of modern agricultural strategies in the region.
Asia-Pacific Agricultural Films Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Low-Density Polyethylene
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2.1.2 Linear Low-Density Polyethylene
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2.1.3 High-Density Polyethylene
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2.1.4 Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA)
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2.1.5 Others
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2.2 Application
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2.2.1 Green house
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2.2.2 Silage
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2.2.3 Mulching
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 Rest of Asia Pacific
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Asia-Pacific Agricultural Films Market Size FAQs
What is the current Asia-Pacific Agricultural Films Market size?
The Asia-Pacific Agricultural Films Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Agricultural Films Market?
BASF, Dow Chemical Company, Novamont S.P.A, Sumitomo Chemicals Co. Ltd. and Berry Plastics Corporation are the major companies operating in the Asia-Pacific Agricultural Films Market.