Global Greenhouse Film Market Worth US$ 6,900 Mn by 2025, According to Transparency Market Research

ALBANY, New York, March 16, 2018 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Greenhouse Film Market (By Thickness - <100 microns, 101 - 150 microns, >150 microns; Resin Type - LDPE, EVA/EBA, LLDPE, PVC, Others; Application - Vegetables, Flowers & Ornamental, Fruits; Region - North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025". According to the report, the global greenhouse film market is projected to be worth US$ 6,900 Mn by 2025, expanding at a CAGR of 8.1% from 2017 to 2025. Greenhouse film covers the frame of a greenhouse where crops are cultivated. It defends the crops from extreme temperatures, diseases and pests, and provides them with suitable growing conditions.

Increase in adoption of greenhouse cultivation for high yield of crops is boosting the demand for greenhouse films 

Temperature plays a crucial role in greenhouse cultivation. Climatic conditions such as fluctuating temperatures, humidity, wind, rain, and snow affect the yield of crops. Excess or lack in any of these conditions can have a negative impact on crops. Greenhouse films covering greenhouse structures help in cultivation of crops at a time of the year when they cannot be grown outdoors. However, greenhouse cultivation involves additional investment such as heating system in greenhouses during winter, labor cost, etc. Additional resources required for greenhouse cultivation include heating and ventilating systems for balancing temperatures, pollination, electricity, and water. Government of various countries are encouraging farmers to adopt greenhouse farming, thereby boosting the demand for greenhouse films. Governments of India, Canada, Poland, etc. are providing subsidies to farmers for greenhouse farming, electricity, heating system in greenhouses, etc.

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The global greenhouse film market can be segmented based on resin type, thickness, and applications. On the basis of resin type, the greenhouse film market can be divided into low-density polyethylene (LDPE), ethylene vinyl acetate (EVA) or ethylene butyl acrylate (EBA), linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), and others. Other resins include polycarbonate and high-density polyethylene (HDPE). The LDPE resin segment constituted the dominant share of the greenhouse film market, in terms of volume and revenue, in 2016. In terms of thickness, the global greenhouse film market can be classified into greenhouse films <100 microns, 101 microns - 150 microns, and >150 microns. Greenhouse films with thickness more than 150 microns accounted for a major share of the greenhouse film market in 2016. The trend is expected to continue during the forecast period. Applications of greenhouse films include vegetables, flowers & ornamental, and fruits cultivation. Greenhouse films were primarily used for vegetable cultivation in 2016. The trend is anticipated to continue during the forecast period.