VANCOUVER, B.C., Oct. 1, 2020
- Increased demand for food due to the growing global population and advancements in agricultural technologies are driving the demand of the market
- Market Size – USD 9.80 billion in 2019, Market Growth - CAGR of 5.8%, Market Trends – Increasing use of Biodegradable polymer films
VANCOUVER, B.C., Oct. 1, 2020 /PRNewswire/ -- The Global Agricultural Films Market is forecast to be worth USD 14.96 Billion in 2027, according to the latest report by Emergen Research. The growth of this market can be attributed to the increasing need for optimum agricultural productivity. The growing requirement for high-quality crops, coupled with the rising disposable income of the consumers, is projected to drive the growth of the industry over the forecast period.
The ability of agricultural films to enhance crop quality by reducing soil erosion and preventing the growth of weeds will surely drive the sales of the product. There is a growing usage of the Nano greenhouses across the world to increase the agricultural output and protect the crop from the adverse climatic condition, which is a contributing factor to the industry's growth.
The rising adoption of biodegradable polymer films due to the growing environmental concerns is expected to fuel the industry's growth. Strict regulations of the government over the usage of plastic and polythene present lucrative opportunities for the growth of the biodegradable polymer film companies. Technological advancements in the agricultural industry, such as the introduction of ultra-thermic films and ultraviolet (UV) protection films, are expected to positively affect the future growth of the industry.
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Key Highlights From The Report
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Emergen Research has segmented the Global Agricultural Films Market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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