Agricultural Films Market – Global Opportunities & Forecast 2021-2028
Agricultural Films Market
The GMI Research projects that the Agricultural Films Market will expand at a CAGR of 6.5% over the forecast period (2021-2026). The agricultural films help in decreasing soil compression, conserve soil nutrients and moisture, and decrease the effect of weed seeds which bolsters the Agricultural Films market growth.
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Agricultural Films Market Dynamics
Growth in the agricultural films market is attributed to the intensified emphasis on raising agricultural productivity and the surging application of agricultural films in various applications, such as greenhouse films and silage. The accelerating population has resulted in a huge demand for food, primarily in Eastern Europe, Central Asia, and Eastern Europe which is a standalone factor supplementing the market growth. For instance, as per the UN, the world population, in 2021 was 7.7 billion and is projected to touch 8.5 billion in 2030, 9.7 billion in 2050 and 10.9 billion in 2100. The expansion in the agricultural products can be attained by deploying mulching, greenhouse, and silage technology. Agricultural films help to enhance agricultural yield and ameliorate crop quality by minimizing soil erosion and raising soil temperature.
Besides this, as per the global Agricultural Films marker report, the agriculture films have water resistant properties, prevent the plant from direct sunlight, and avert other external conditions, resulting in reduced labour cost. The improvement in production with quick garnering is another major force complementing the growth of the market. It fortifies vegetables from the effects of frost, rain, and wind and certifies high quality vegetables, flowers, and fruits to ripen faster. Moreover, modern plastic films can be specifically adjusted as per the need of temperature and light.
The investiture cost of agricultural films is costly as it requires proper framing, which all the farmers cannot adopt. This material is a by-product of plastic which is hazardous to the environment. Furthermore, government agitation towards environmental protection and resource conservation will restrain the Agricultural Films market size.
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