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Global Greenhouse Film Market to Grow at a CAGR of 10.5% During 2021-2026, Aided by the Rising Global Population

According to a new report by EMR titled, ‘Global Greenhouse Film Market Report and Forecast 2021-2026’, the market attained a value of around USD 6.4 billion in 2020. It is expected to witness a healthy growth in the forecast period, growing at a CAGR of 10.5% between 2021 and 2026 to reach USD 11.70 billion by 2026.

The global greenhouse film industry is being driven by the rising population globally, which is propelling the demand for food and agricultural produce. In addition, the increased investments in the agriculture sector to promote the concept of protected farming are also predicted to bolster the market growth in the coming years. Moreover, the demand for offseason cultivation of fruits and vegetables are also expected to aid the market growth. Furthermore, the rising number of protected farming areas allotted for greenhouse farming and the increased demand for durable as well as improved quality greenhouse films are predicted to significantly contribute to the market growth in the forecast period.

The rising demand for food and agricultural produce is leading to increased investments in the development of quality cultivation mechanisms, such as efficient greenhouse films to enhance the cultivation of crops. This is anticipated to aid the market growth in the coming years. The rising issues of climate change and increased pressure on natural resources are affecting food production, cultivation, and harvesting. In addition, the rising urbanisation is reducing the available land resources for cultivation. In this regard, protected farming is proving to be a beneficial tool for farmers to produce different varieties of crops, including the seasonal vegetation, all around the year. Moreover, the quality and quantity enhancing benefits of greenhouse farming are also leading to an increased demand for greenhouse films in the market. For instance, a variety of greenhouse films are available on Amazon, Inc. (NASDAQ: AMZN). These developments are expected to positively impact the growth of the greenhouse film industry in the forecast period.

Market Breakup by Plastic Type, Thickness, Width, Application, and Region:

  • The market is divided based on plastic type into low density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polyvinyl chloride, and others.
  • Based on thickness, the market can be distributed into less than 200 micron, equal to 200 micron, greater than 200 micron, and others.
  • On the basis of width, the industry is segregated into 4.5 metres, 5.5 metres, 7 metres, 9 metres, and others.
  • The industry is segmented, on the basis of application, into vegetable, flowers, ornamental plants, fruits, and others.
  • Region-wise, the global market for greenhouse film can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for greenhouse film is being driven by the increasing demand for food and agricultural produce.
  • The growing global population has significantly contributed to the market expansion.
  • Increased investments in research and development of greenhouse films production are also aiding the industry growth.
  • The rising investments in the agriculture industry are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for greenhouse film for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the plastic types, thickness, width, applications, and regions of greenhouse film.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global greenhouse film market are Ginegar Plastic Products Ltd., Essen Multipack Limited, Exxon Mobil Corporation, POLIFILM Group, Berry Global Inc., Lumite, Inc., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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