The global Agricultural
Films & Bonding Market is expected to reach USD 14.19
billion by 2024, according to a new report by Grand View Research, Inc. Rising
need for optimum productivity to sustain the food demand is the key factor
behind the commercialization of specialty products. Increasing investment in
R&D and advancements in agricultural practices backed by technological
support is anticipated to drive the industry growth.
Films are extensively used for greenhouse
farming, soil protection, and mulching. Various benefits associated with these
films include reduced soil erosion & compaction, temperature control, seed
germination, weed control, nutrient conservation, and protection against UV
Rays.
The film segment accounted for over 75% of
the global volume in 2015. Growth in this sector may be attributed to growing
high-quality crops demand coupled with the increasing requirement for ideal
agricultural productivity.
Browse
Details of Report @
http://www.grandviewresearch.com/industry-analysis/agricultural-films-bonding-market
http://www.grandviewresearch.com/industry-analysis/agricultural-films-bonding-market
Further key findings from the report suggest:
·
The global market demand was 6.80 million
tons in 2015 and is expected to reach 10.68 million tons by 2024, growing at a
CAGR of 5.2% from 2016 to 2024
·
HDPE demand in netting was 105.7 kilo tons
in 2015. The high raw material demand may be attributed to various beneficial
characteristics such as convertibility, complete recyclability, waterproof, and
durability.
·
Bailing was the largest application segment
and accounted for 53.8% of the twine market in 2015. Baling twine is used in
farming to bind straw or hay bales together.
·
Europe agricultural films and bonding
market is anticipated to grow at a CAGR of 5.0% from 2016 to 2024 owing to
shrinking pastures and farm land. However, the region is expected to adopt
advance farming techniques and biodegradable products. Spain and Italy are the
leading consumers of films owing to greenhouse industry growth.
·
Asia Pacific accounted for over 70% of the
total market volume in 2015 and is projected to witness the fastest growth on
account of growing need to elevate agricultural productivity to sustain the
food demand
·
Key companies operating in the industry
include Novamont, BP Industries (BPI), Ab Rani PlastOy. Trioplast Industrier
AB, Armando Alvarez SA, ExxonMobil Corporation, Barbier Groupe, Britton Group,
BASF, and Kuraray. The global market is highly fragmented owing to the presence
of various small-scale and regional players, especially in Asia Pacific.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment