Greenhouse Film Market Global Industry Growth, Size, Trends, Insights and 2021 Forecast
The report [137 pages]"Greenhouse Film Market by Resin Type (LDPE, LLDPE, EVA, & Others), Thickness (80<200 microns, 200 microns, >200 microns), Width Type (4.5M, 5.5 M, 7M, 9M & others), and Region - Global Forecast to 2021", published by MarketsandMarkets, the global market is estimated to reach USD 4.70 Billion by 2021, registering a CAGR of 10.96% between 2016 and 2021.
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Greenhouse film with thickness size 200 microns are more in demand and are projected to grow at the highest rate from 2016 to 2021 in terms of volume. The major demand for 200 microns is from the Asia-Pacific region and the Middle East & Africa. This is because the 200 microns film is better suited for the hot climatic conditions in these regions, and the film is manufactured with the five layer technology which helps in preventing harmful UV rays reaching plants and thus protecting them.
The Asia-Pacific region is expected to grow at the highest rate in the global greenhouse film market, in terms of value and volume, from 2016 to 2021. In recent years, there has been an increase in the land area under greenhouse farming in countries such as China, Japan, South Korea, and India which has resulted into high demand for the greenhouse film in the Asia-Pacific region. The growing emphasis on improving the productivity per area can be only achieved by implementing greenhouse protected agriculture, thus driving the market for the greenhouse film in this region.
The market for greenhouse film in India is expected to grow at the highest rate during the forecast period, as the area under greenhouse protected farming is increasing at a high rate. The rising population in India is increasing the demand for food, and the increased demand to cultivate better-quality crops has created a huge potential in the greenhouse film market. India’s agricultural industry contributes around 17.4% to the nations’ GDP. Thus, the growth of this sector can potentially boost the economy of the country. Moreover, the steps taken by the government to improve agricultural productivity are likely to play an important role in driving the greenhouse film market.
The key players in this market are Ginger Plastic Products Ltd. (Israel), Plastika Kritis S.A. (Greece), RKW SE (Germany), Agriplast SRL (Italy), BPI Visqueen (U.K.), Polifilm Extrusion GmbH(Germany), Grupo Armando Alvarez (Spain), Eiffel S.p.A (Italy), Folien Vertriebs GmbH (Germany), A.A Politiv (Israel), Agripolyane (France).
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