(EMAILWIRE.COM, December 15, 2017 ) The Asia Pacific Agricultural Films market is expected to grow at a 7.920% CAGR from 2016 to 2021 and it is estimated that the Asia-Pacific market was valued at USD 2.42 billion in 2016 and is relied upon to achieve USD 3.54 billion by 2021.

Agricultural films are used for covering greenhouses and are used to cover over soil or wrapped around fodder. They aid in the improvement of crop quality and rise the overall productivity. Increasing need to rise agricultural productivity to fulfill the daily requirement of population has led to commercialization of these specialty coverings.

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Growing requirement for food owing to rise in population coupled with the increasing requirement for optimum agricultural productivity is expected to drive market growth. The rise in requirement for high-quality crop and decline in arable land is projected to raise product requirement over the coming years. Various innovations in the industry, including Ultra Violet (UV) blocking, florescent, NIR blocking, and ultra-thermic films are expected to impact product requirement positively over the coming years. However, environmental concerns regarding product disposal and strict government regulations regarding plastics and polyethylene are expected to hamper growth in near future and affect agricultural films market growth. However, the introduction of biodegradable and bio-based polymer films is expected to create lucrative opportunities for industry participants over the next few years. Biodegradable agricultural films are getting popular in eco-friendly regions. Technological advancements in horticulture coupled with the development of particle, multi-layer, and UV protection films to increase in agricultural productivity is expected to raise product requirement over the foreseeable future.

The Asia-Pacific market for Agricultural Films is segmented into type and application. On the basis of type, it is segmented into LLDPE, LDPE, Reclaim, EVA and HDPE. LLDPE has the major market share in this segment and is expected to witness the fastest growth. Factors such as high-durability, the extended shelf life of finished products with high tensile strength, and improved thermal properties are expected to rise market growth. Meanwhile, LLDPE and LDPE are expected to witness high requirement in Asia Pacific, especially in China due to their applications being highly beneficial in areas with limited water supply and harsh climatic conditions. HDPE and EVA/EBA films are used in agricultural applications, where rigidity is desired. PVC and EVOH have low market penetration owing to non-competitive prices and low durability of finished products coupled with non-bio degradable nature of the products. However, it is segmented into Greenhouse Film, Mulch Film, and Silage Film. Mulch film emerged as the leading application segment and accounted for the largest share of the market. Factors such as rise in requirement for high-quality crop and rise in disposable incomes is expected to drive the industry. Greenhouse is projected to witness the fastest growth. Growing greenhouse agriculture in Asia, Middle East, and Western Europe is expected to have a positive impact on the market growth. Increasing requirement for floriculture & horticulture and uncertain climatic conditions are expected to rise market penetration. Greenhouse films also help in increasing productivity and plant cultivation.

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On the basis of geography, the market is analyzed under various regions namely India, China, Japan, South Korea and Australia. Asia-Pacific is expected to grow the most in the coming years. The growing population in Asia-Pacific coupled with the rise in the requirement for controlled agriculture is driving the market for agricultural films. Over 80% of the farmers use mulch in the region. In addition, the massive agricultural growth and rise in the requirement for food in key countries such as China and India contributed to the growth of the agricultural films market in the region. Favorable government initiatives such as R&D of protected agriculture practices are expected to drive industry growth in the region. China is estimated to witness the fastest growth in agricultural films.

The market is dominated by companies such as The Dow Chemical Company, BASF SE, ExxonMobil Corporation, RKW SE, Berry Plastic Group, Inc., Grupo Armando Alvarez, British Polythene Industries Plc., and Barbier Group.

Market Segmentation

1) Type
• Introduction
• LLDPE
• LDPE
• Reclaim
• EVA
• HDPE

2) Application
• Introduction
• Greenhouse Film
• Mulch Film
• Silage Film

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Reasons to buy Asia Pacific Agricultural Films Market Research Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the Asia Pacific market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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