The Global Agricultural Films Market is estimated to be USD 7.92 billion in 2017 and is projected to reach USD 10.57 billion by 2022, at a CAGR of 5.9% from 2017 to 2022. The market has been segmented on the basis of type, application, and region. Expansions and mergers & acquisitions are key growth strategies adopted by leading players to strengthen their positions in the global agricultural films market. The maximum number of strategic developments between 2014 and 2017 took place in Europe, followed by North America and Asia Pacific.
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Growing global population has led to an increased need for optimum agricultural productivity, which is consequently expected to boost the demand for agricultural films to increase yield and crop quality. In addition, increasing demand for agricultural films from the dairy industry is expected to further fuel the growth of the agricultural films market.
Key Target Audience:
- Manufacturers of Agricultural Films
- Suppliers of Agricultural Films
- Raw Material Suppliers
- Investment Banks
- Government Bodies
Key players operating in the global agricultural films market are BASF (Germany), Dow Chemical (U.S.), Berry Global (U.S.), The RKW Group (Germany), Trioplast Industrier AB (Sweden), Ab Rani Plast Oy (Finland), RPC Group (U.K.), Grupo Armando Alvarez (Spain), Kuraray (Japan), and Coveris (U.S.).
The RKW Group (Germany) is a key player in the global agricultural films market. The company offers greenhouse film and silage film. The RKW Group provides films for medical, technical, consumer packaging, industrial packaging, agricultural, and other applications. The company has been focusing on expansions and mergers & acquisitions as a part of its strategic development activities. For instance, in May 2016, the company announced an expansion at its site in Saxony-Anhalt (Germany). The expansion helped the company strengthen its presence in Germany. In May 2014, the company acquired Biofol Film GmbH (Germany). The acquisition helped the company expand its product portfolio in the agricultural sector.
Berry Global Inc. (U.S.) is another key manufacturer of agricultural films. The company offers greenhouse film, silage film, and mulch film. The company designs films using advanced technologies to meet the environmental standards. The company has been focusing on mergers & acquisitions to strengthen its market position. For instance, in January 2017, the company completed the acquisition of AEP Industries Inc. (U.S.). AEP is a leading manufacturer of flexible plastic packaging films in North America. The acquisition helped the company expand its product portfolio and better cater to the needs of customers.
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