The global horticulture film market size is expected to reach USD 19.55 Billion in 2032. The horticulture film market is growing rapidly.
As per FMI Analysts, the global Horticulture film market is estimated to be valued at USD 10.89 Billion in 2022 and is projected to increase at a CAGR of 6.20% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Horticulture Film Market Estimated Base Year Value (2021) | USD 10.25 Billion |
| Horticulture Film Market Expected Market Value (2022) | USD 10.89 Billion |
| Horticulture Film Market Anticipated Forecast Value (2032) | USD 19.55 Billion |
| Horticulture Film Market Projected Growth Rate (2022 to 2032) | 6.20% CAGR |
Increasing growth of the horticulture film market may prove difficult as economies across developed and developing regions are experiencing economic declines. These plastic films are made of polyethylene (PE) and polypropylene (PP) materials, which may adversely affect the environment.
Over the recent decade, online retailing of agriculture packaging has grown rapidly due to the perception that consumers find it very convenient and economical to shop online. Horticulture films are also used for modifying the growth of weeds and soil temperatures, reinforcing the horticulture films market's growth.
Horticulture films are vital for optimizing crop yield. In order to remain competitive, convenience packaging is expected to be a driving force in the horticulture films market. Modern farmers are demanding and need low-cost, high-performance, flexible plastic sheets that can accommodate a limited amount of space. This has led to innovative and creative solutions in the horticulture film market.
Due to FDA regulations consisting of restrictions on the use of harmful chemicals, as well as specific measurements for the thickness, length, and breadth of agricultural packaging products, the demand for alternative, environmentally friendly alternatives has significantly increased, propelling the growth of the horticulture films market.
In the last decade, Internet/E-commerce retailing has gained traction in the agricultural packaging market as people perceive it to be convenient and economical to purchase. Horticulture films can also be used to modify weed growth and soil temperature to boost the growth of the horticulture film market.
Developed and developing economies across the globe are experiencing a decline in their economies, which could hurt the horticulture films market share. The products are made of polyethylene (PE) and polypropylene (PP) materials that have been deemed to have negative effects on the environment.
New horticulture films manufactured by BASF SE have improved mulching properties and have light stabilizers that protect against solar irradiation and agrochemicals. The company has launched ecovio®M', which contains biodegradable content; therefore, farmers need not collect the films after harvest and can plow them directly into the ground, saving both time and money and increasing sales of horticulture film around the globe.
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The horticulture film market has received a lot of traction in the industry.
During the last decade, Internet/E-commerce has gained momentum to penetrate the agriculture packaging market since it is perceived as convenient and economical for buyers to purchase agricultural packaging. Horticulture films are also used for modifying weed growth and soil temperature to assist with horticulture film market growth.
Horticulture films must be durable to maintain crop yield; convenience packaging is assessed to be a major breakthrough in agriculture packaging; modern farmers are looking for low-cost, high-performance, flexible plastic sheets that can fit into small spaces. This has led to creative solutions & opportunities in the horticulture film market.
With the increasing frequency of FDA regulations, such as restrictions on the use of harmful chemicals and additional regulations pertaining to the thickness, length, and breadth of plastic used for agricultural packaging, there has been a demand for environmentally friendly alternative products.
Agribusiness marketing has gained momentum recently with the penetration of the agriculture packaging market through online retailing, which is perceived as being convenient and cost-effective for buyers. Horticulture films are also used to control soil temperature, which boosts the horticulture film market's growth.
Horticulture Films are expected to have the largest market share over the forecast period in the North American horticulture film market.
A shift toward convenience packaging has been cited as a prominent driver in the horticulture film market. Modern farmers are discerning customers looking for low-cost, high-quality, flexible plastics that fit into small spaces. This has led to a growing number of innovative solutions & opportunities in the horticulture film market.
With the increasing frequency of FDA regulations, such as restrictions on the use of harmful chemicals and additional regulations pertaining to the thickness, length, and breadth of plastic used for agricultural packaging, there has been a demand for environmentally friendly alternative products.
A recent economic slowdown across a number of countries in both developed and developing regions could be hard on the horticulture film industry. Most horticulture films are made from polyethylene (PE) and polypropylene (PP) materials that are regarded as being environmentally harmful, affecting the demand for horticulture film.
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Some of the leading companies operating in the global horticulture film market include BASF SE, The DOW Chemical Company, Trioplast Industries AB, RPC bpi Agriculture Company, RKW Group, Polystar Plastics Ltd., and Mondi Group.
New films from BASF SE have been introduced that are designed for mulching and have light stabilizers which protect against exposure to solar radiation as well as agrochemicals. The company's polymer economy contains bio-based components and is totally biodegradable. Farmers do not need to collect horticulture films after harvest; they can plow them directly into the ground, which saves them both time and money, increasing sales of horticulture films around the globe.
The manufacturing capability of Trioplast Industries AB, one of the subsidiaries of Altor Fund IV and a manufacturer of horticulture films, was enhanced in 2008 after it acquired Ekoplast Emballage AB.
During the last decade, Internet / E-commerce retailing has seen strong growth in horticulture film, as it is considered to be convenient and economical for consumers to make purchases. Horticultural films are also used to modify weed growth and soil temperature to improve market horticulture film growth.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.20% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Material, Application |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | BASF SE; The DOW Chemical Company; Trioplast Industries AB; RPC bpi Agriculture Company; RKW Group; Polystar Plastics Ltd; Mondi Group; Sigma Stretch Film Corp |
| Customization | Available Upon Request |
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The global horticulture film market is set to exceed USD 19.55 Billion in 2032.
The USA is projected to lead the horticulture film market in the forecast period.
BASF SE, The DOW Chemical Company, & Trioplast Industries AB are some of the renowned companies in the horticulture film market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Mulch Films 5.2. Greenhouse Films 5.3. Ventilated Stretch Films 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material 6.1. Polyethylene 6.2. Polypropylene 6.3. PVC 6.4. PLA 6.5. Other Materials 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Greenhouse 7.2. Macro Tunneling 7.3. Silage 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. BASF SE 16.2. The DOW Chemical Company 16.3. Trioplast Industries AB 16.4. Bpi Packaging Solutions 16.5. RKW Group 16.6. Polystar Plastics Ltd. 16.7. Mondi Group 16.8. Sigma Stretch Film Corp 17. Assumptions & Acronyms Used 18. Research Methodology
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Horticulture Film Market
