Agricultural Films Market worth $5.7 billion by 2026 - Exclusive Report by MarketsandMarkets - Seite 2

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APAC is projected to be the fastest-growing region for the agricultural films market during the forecast period

Asia-Pacific has dominated the global agricultural films market. This dominance is attributed to the massive agricultural growth and increased demand for food in key countries such as China and India. Increasing population and rising per capita intake of food exert pressure on the agricultural output. The area under cultivation cannot be increased due to a decrease in arable land. Thus, the practice of controlled agriculture is essential to cater to the demand of the region's rising population. The demand for agricultural films is growing, especially in Asia-Pacific and the Middle East & Africa. Thus, the markets in these regions are expected to register higher growth in comparison to other regions.

The growth in APAC is mainly attributed to the region's rising population. In addition, demand is shifting to the Asia-Pacific region due to economic contraction and saturation in the European and North American markets. Agricultural films manufacturers are targeting this region, as it is currently the strongest regional market. China is the leading producer and consumer of agricultural films in the region. India is an agriculture-based economy. Increased cultivation is meeting the rising food demand of the population. Due to the depleting arable land, the need for controlled agriculture has increased. Thus, the demand for agricultural films has grown. In Japan, crops cultivated in greenhouses fulfill the demand for vegetables and flowers.

The key market players profiled in the report include Berry Global Inc. (US), Kuraray Co. Ltd. (Japan), Coveris (Austria), The RKW Group (Germany), BASF SE (Germany), AB Rani Plast OY (Finland), the Dow Chemical Company (US), Grupo Armando Alvarez (Spain), and Plastika Kritis S.A. (Greece).

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