Agricultural Films Market Projected to Experience Major Revenue Boost during the Period between 2018
The agricultural films market is projected to record a CAGR of 5% through 2028
[UKPRwire, Tue Jun 18 2019] The current expansion across the agricultural films market can be straightaway credited to innovation and eco-friendly offerings. According to a recent assessment published by Fact.MR, agricultural films sales in 2018 exceeded revenues worth US$ 9 Bn, and is projected to record a Y-o-Y growth at over 5% in 2019. The growing demand for food as well as soaring regional marketplaces for agricultural films are together fueling the global agricultural films market. This report titled Agricultural Films Market Forecast, Trend Analysis & Competition Tracking Global Market Insights 2018 to 2028, functions to deliver an inside view into the target sector to portray essential aspects such as key market trends, supply side trends, pricing trend, market volume analysis, market value analysis and market attractiveness analysis.
With this effective research study, readers are equipped with primary data sources that are extracted via seasoned experts dedicated towards the agriculture films market. The inclusion of primary research and secondary research comprising of company press releases, paid sources, trade journals, and other publications associated to the agricultural films market, helps to make this assessment highly descriptive.
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Inclination towards Mulch Plastic Films Expected to Rise during Forecast Period
Mulch plastic films are known to deliver unmatched benefits and efficiency in order to increase agricultural productivity. The demand for this agricultural film variant will continue to experience robust demand, harmonized with surging food requirement in the coming years. It is important to note that, mulch plastic films balance the use of drip irrigation and polymer-based fertilizer release practices, thereby, permitting relaxed and time-effective production of quality agricultural produce.
East Asia Stamps Supremacy in Global Market
With a stern view on the ongoing regional market scenario, East Asia is likely to remain as the leading market for agricultural films; China proves its dominance with escalating cross-industry collaborative efforts. This aspect proves vital in encouraging agricultural production, and therefore the demand for agricultural films. On the other hand, South Asia also showcase its standing as a high growth region for the agricultural films market due to the presence of different agriculture-dependent countries. In the recent past, increasing government investments have motivated agricultural production, which is directly favoring the development of the agricultural films industry.
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Environment-Friendly Concerns Propelling the Use of Agricultural Films
In response to the environmental abuse of plastic, different administrative authorities at the global level have issued stringent guidelines towards the use of agricultural films across industries. Since technological progressions continue to support the development of eco-friendly and biodegradable films, the emergence of lucrative opportunities for players operating in the agricultural films market is gaining traction. The efforts from manufacturers present in the agricultural films market have now been directly at the introduction of eco-friendly products, with a vision to exploit the flourishing demand.
As the report reaches conclusion, the presence of a well-analyzed competitive landscape uplifts the value of this intelligent study. The primary motive of this section is to impart knowledge associated to market concentration, company share analysis and market structure. Some of the leading players mentioned in the report are Ginegar Plastic Products, Hyma Plastics, Polifilm, ExxonMobil, Berry Plastics, BASF SE, AEP Industries Inc., Dow, Trioplast Industries AG, Eastman Chemical Company and other key players.
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