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The agricultural films market is a billion dollar industry which is expected to reach $7.1 billion by 2017 at a CAGR of 6.7% from 2012 to 2017. Currently, mulch films and greenhouse films are the major application segments which are expected to boost the global market.
Agricultural films are gaining importance with the advent of high technologies in agriculture and emphasis on higher productivity per hectare. High growth in global population is one of the biggest challenges for the agriculture industry, which has led to increased focus on agricultural productivity. The major purpose of using agricultural films is high sustainable production on limited arable land. The use of agricultural films for controlled agriculture has helped in increasing the yields on the limited arable land with limited irrigation water. The three major applications of agricultural films are greenhouse, mulch, and silage.
The arable land is decreasing gradually with drastic increase in urbanization. Controlled agriculture becomes important in order to utilize significant resources like water for irrigation in an optimum manner. This is consequently increasing the importance of controlled agriculture in greenhouse, high tunnel, and mulching.
The agricultural films market is gaining a worldwide importance as the area under protected agriculture increasing day-by-day. Furthermore, the need to increase the agricultural production to feed the ever-growing population is also a vital growth driver for agricultural films. The demand for agricultural films has driven due to its multi tasking and efficient functioning.
Regulatory authorities are implying directives for use of polyethene. Regulations regarding use of the plastics and recycling of the plastics are being implemented in the regions of Europe, U.S., and Asia at a significant pace.
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