Pune, Maharashtra -- (SBWire) -- 10/12/2022 --Greenhouse Film Market Report Scope:
In a greenhouse, both horticulture and floriculture crops can be cultivated under-regulated climate conditions. A greenhouse is a framed or inflatable building coated with a transparent or translucent material. The transparent or translucent substance is actually a greenhouse film, which aids in boosting and protecting the yield from wind, rain, and frost damage. As a result, the demand for movies would rise as greenhouse farming became more widespread. In order to grow healthy crops, greenhouse film offers an efficient barrier against pests, illnesses, and extreme weather. Additionally, it aids in prolonging the growing season and lessens reliance on synthetic fertilizers and pesticides.
According to the latest market research report published by the SNS Insider, the greenhouse film market is anticipated to cross USD 10.21 billion by 2028, with a lucrative CAGR of 7.8% during the forecast period of 2022–2028.
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Drivers, Restraints, Opportunities, and Challenges
The worldwide greenhouse film market is anticipated to experience significant expansion during the anticipated period. The world's population has increased through time and is continuing to climb, which is driving up demand for food. Additionally, the demand placed on land, a limited resource, has increased. Adopting technology like the greenhouse will help meet the increase in demand for agricultural output. As a result, the growing need for agricultural production has a significant impact on the development of greenhouse film. However, the high installation costs for greenhouse films are limiting their use in some nations; for example, the most popular greenhouse glass requires an expensive, long-lasting structure. High investment therefore serves as a restraint for the worldwide greenhouse film market.
Impact of the COVID-19 Pandemic
The manufacturing of the raw materials for agricultural textiles has been halted due to the COVID-19 outbreak. The majority of these raw materials come from Asia's agricultural textile production hubs, which include India, China, Japan, Singapore, and Thailand. The recent coronavirus outbreak in Asia Pacific has disrupted the supply of these crucial chemicals.
Greenhouse Film Market Segmentation Analysis 2022
Depending on the type, LDPE greenhouse films are widely used all over the world. Strong thickness, high sunlight resistance, low cost, and optical qualities are LDPE characteristics that make it suitable. The LDPE is ideal for agricultural uses due to its many benefits, including ease of use and great clarity.
The thickness range between 150 and 200 microns is the one that is expanding the fastest due to its advantages, including exceptional light transmission, Excellent mechanical qualities for harsh environmental conditions and UV stability for sun ageing resistance.
The segment of flowers and decorative plants is the most prolific increasing segment according to application. These plants produce a living, organic beauty that improves the standard of living for people and constitute a significant commercial segment of the ornamental business. Production volume, value, specialization, and commercialization have all considerably increased globally.
Major Segments and Sub-Segment of Greenhouse Film Market are Listed Below:
By Type:
- LDPE
- LLDPE
- EVA
- Others (PVC and EBA)
By Width:
- 4.5
- 5.5
- 7
- 9
- Others (9 to 20-meter)
By Thickness:
- 80 to 150 Micron
- 150 to 200 Micron
- more than 200 Micron
By Application:
- Vegetables
- Fruits
- Flowers and Ornamentals
- Others
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Regional Analysis
The primary factor driving the greenhouse film market is the growing population in the APAC region. It has raised food demand, which has put pressure on agricultural productivity. China is the region's top producer and user of greenhouse films. India has a largely agricultural economy. In Japan, greenhouse-grown crops are used to supply the need for vegetables and flowers. After China and Japan, South Korea is another important market for greenhouse films.
Competitive Landscape Outlook
Some of the prominent companies present in the greenhouse film market include Agriplast Tech India Pvt. Ltd., Thai Charoen Thong Karntor Co. Ltd., Beijing Kingpeng International Hi-Tech Corporation, Son Company Limited, Tuflex India, Essen Multipack, RPC Group plc, Central Worldwide Co. Ltd., and Ginegar Plastic Products Ltd.
Frequently asked question in this report is:
- What is the estimated value of the Global Market for Greenhouse Films?
- What is the growth rate of the Global Market for Greenhouse Films?
- What is the forecasted size of the Global Market for Greenhouse Films?
Table of Contents – Major key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Greenhouse Film Market Segment, By Type
9. Greenhouse Film Market Segment, By Width
10. Greenhouse Film Market Segment, By Thickness
11. Greenhouse Film Market Segment, By Application
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
15. Conclusion
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Greenhouse Film Industry 2022 : Asia Pacific Accounts Significant Growth for Market Size & Share, Major Manufacturers Analysis and Forecast by 2028
The Greenhouse Film Market Size was valued at US$ 6.03 billion in 2021 and is projected to reach at US$ 10.21 billion by 2028, with a healthy CAGR of 7.8%.