Agricultural Films and Bonding Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Agricultural Films And Bonding Market is segmented By Product Type (Films, Films, Netting, Twine, Others), By Raw Material (Polypropylene (PP), Low-density Polyethylene (LDPE), High-density Polyethylene (HDPE), others), By Application (Greenhouse, Mulching, Shade, Fruit & Vegetable Packing, Packing, Anti-hail & insect, others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Agricultural Films and Bonding Market is estimates that market to grow at a CAGR of 4.2%  during the forecast period 2024-2031.

Agricultural films and bonding are specially used for soil protection, greenhouse farming, and mulching. As it provides many advantages, including temperature control, reduces soil erosion, protects against UV rays, weed control, and provides nutrient conservation. Thus increasing demand for plastics films to conserve the farm and raise the yielding with better water conservation has created the demand for this market. According to the recent research study by Advances in Material Sciences & Engineering in 2017, the consumption of plastic material in the agriculture sector has been estimated to be around 5 million tons per year worldwide. As the plastic agricultural films and bonding help protect the crop from strong rainfall, wind, hail, and snow by keeping it in micro-climatic conditions.

Agricultural Films And Bonding Market Scope

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Agricultural Films And Bonding Market Dynamics

The market is driven by the rising demand for food with a surge in sustainable productivity using the best agricultural practices for high yielding due to the increasing global population. According to the Food & Agriculture Organization of the United Nations (FAO) report in 2018, the global population was around 7.3 billion and is projected to reach more than 9 billion by 2050. This has been propelled the demand for food by 50 to 70%, which will require high yielding with sustainable technologies by conserving water and greenhouse coverings. Hence the Agricultural Films and Bonding helps cover and maintains favorable conditions of temperature, gas composition, solar radiation, and humidity.

There is a rise in sustainable, biodegradable mulch development, and films by the leading players have created a huge demand for this market. For instance, on 29th Aug 2019, BASF launched eco via M 2351, a certified soil-biodegradable mulch film. These soil-biodegradable plastic mulch films are made from renewable raw materials, consisting of biodegradable co-polyester polybutylene adipate terephthalate (PBAT) eco flex and other biodegradable polymers.

Agricultural Films And Bonding Market Segment Analysis

The global agricultural films and bonding market is segmented on product type, type of thrust, applications, and region.

The global agricultural films and bonding market is bifurcated into films, netting, twine, and others in terms of product type. This film segment has the highest market share owing to the increasing demand for high-quality and high-yielding crops. According to International Fertilizers Association (IFA), in 2019, the agriculture film sale increases at the rate of 4% annually and is recorded to around 4300 tons of sales in the same year.

Similarly, netting and twine segments are also growing faster due to an increase in demand for packaging, binding, and stacking products like fruits and vegetables.  According to the Food & Agriculture Organization of the United Nations (FAO) report in 2016, fisheries and aquaculture production's total sale was estimated at USD 362 billion. USD 232 billion was from aquaculture production.

Depending upon the raw material, the global agricultural films and bonding market is classified as polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), and others. Polypropylene (PP) has the highest market share due to water-resistant material and can be used for tubing and irrigation systems. According to the World Bank Organization, out of total cultivated land, 20% is subjected to irrigated agriculture which propels this PP segment for high yielding.

Similarly, the low-density polyethylene (LDPE) and high-density polyethylene (HDPE) segments are also growing faster due to increasing demand for protection of crops for high yielding to sustain the global food demand.

Depending upon the applications, the global agricultural films and bonding market are divided into Greenhouse, Mulching, Shade, Fruit & Vegetable Packing, Packing, Anti-hail & insect, etc. Among these, the Mulching segment had the highest market share in 2019. This is primarily owing to it provides high yielding of crops as it protects against heavy rain. For instance, in a recent trial From China, the plastic mulch of 15-micron thickness applied on sugarcane has shown that yield increased by 26%.

Similarly, greenhouse, shade, Fruit & vegetable packaging, Packing, Anti-hail & insect, are also growing faster because it protects crops from horticulture. It provides suitable confined space with controlled and better microclimatic conditions for crop yielding. Plastic films using greenhouse covering, shade, low and medium tunnels, and soil mulching require humidity to optimize the growth of the plants, allowing photosynthesis and respiration of plants.

Agricultural Films And Bonding Market Geographical Analysis

By region, the global agricultural films and bonding market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominant region for the global agricultural films and bonding market and expected to grow at the highest CAGR during the forecasted period due to growing agricultural foods, fruits, and vegetable cultivation due to the huge population followed by North America & Europe region. According to the Food & Agriculture Organization of the United Nations (FAO), the Asia Pacific region’s urban population was increased to more than 580 million in 2020. This propels the food demand with can be increased by using suitable techniques. Agricultural films and bonding can help to improve the yielding of crops.

North America is also growing faster for the agricultural films and bonding market, with the rising adoption of biodegradable films by the farmers for high-yielding crops in this region. Similarly, in Europe, the demand for films like LDPE, PP, etc., has been increased for agriculture due to high recycling capacity and growing manufacturing units in this region. According to the WRAP organization, an estimated 90,000 tonnes of LDPE packaging is recycled UK in the UK. The majority portion is for a film that can be used in agriculture and the food processing industry.

Agricultural Films And Bonding Companies and Competitive Analysis

The global Agricultural Films and Bonding market is highly competitive with several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Armando Alvarez Group, The Dow Chemical Company, BP Industries (BPI), BASF SE, Barbier Group, Kuraray, ExxonMobil Corporation, RKW SE, Berry Plastics Group, British Polythene, Trioplast Industries AB, Novamont, the leading market players with significant market share.

The launching of new technology to enhance the yielding and rising government programs for the farmers to increase productivity may create a huge opportunity for this market. For instance, on 5th Jan 2019, BASF Company launched a light stabilizer for Greenhouse Films that helped increase the yield and reduce waste for Vietnam Farmers.

Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their production capacity to cope with the market demand. For instance, on 16th Oct 2019, Novamont increased the production capacity of compostable bioplastics MATER-BI to 150,000 tons. This has enabled production capacity to be increased by 40,000 tonnes to the current capacity due to strong growth in demand for compostable and biodegradable products.