Agricultural Films Market to Grow at 7.6% CAGR 2013-2019 due to Benefits of Raising Efficiency of Agricultural Production: Transparency Market Research

Albany - NY, July 30, 2015 (GLOBE NEWSWIRE) -- A new report released by U.S.-based market research and intelligence firm Transparency Market Research (TMR) details the global agricultural films market and examines the major driving factors and restraints acting upon the market as well as the key participants of the global industry. The report, titled 'Agricultural Films Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019', uses analytical tools such as SWOT analysis and Porter's five forces analysis to analyze the position of each key player and the supplier side in general, and market attractiveness analysis to reveal the prospects of a healthy return on investment in this market.The global agricultural films market, driven by decreasing availability of arable land and growing food demand for food, is expected to grow at a robust 7.6% CAGR from 2013 to 2019. The market was calculated to have generated annual revenue of US$5.87 billion in 2012, which is expected to grow to US$9.66 billion by 2019 if the given CAGR holds true.

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The steady growth of the global population has had an effect on agriculture, leaving it in a vicious cycle: while the nutrient content of arable lands has depleted due to rising exploitation, food demand has steadily risen, further escalating the toll on available lands.This has given rise to various agricultural innovations to increase the productivity of available land and make production of food more effective than would be possible through purely conventional means. Agricultural films are applied on soil, fodder, and produce to derive various benefits specific to each application."Agricultural films applied on soil reduce soil erosion and preserve nutrient content, while agricultural films on fodder and produce prevent spoilage by acting as a barrier to microbial action. Soil agricultural films also aid growth of the plant by raising the temperature of the soil, thus making it more hospitable. These benefits of agricultural films to the aim of raising food production at minimal elevation of resource expenditure are driving the global market for agricultural films," states TMR's lead analyst.

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Greenhouse, silage, and mulching are the three major applications of agricultural films, of which mulching occupies a dominant 40% share. Greenhouse applications of agricultural films are expected to expand in the forecast period.Of the product types available in the global agricultural films market, low-density polyethylene (LDPE) agricultural films held a majority share of 55% in the global agricultural films market. LDPE films are expected to retain their dominance over other product segments of the agricultural films market, such as high-density polyethylene, ethyl vinyl acetate, linear LDPE, ethylene butyl acrylate, reclaims, and others.

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China is a major manufacturing hub of agricultural films and dominates the regional landscape of the global agricultural films market. The Middle East is also a significant regional segment of the global agricultural films market, due to the prevalence of arid lands in the region. Other regional segments of the global market are also profiled in the report to examine the dominance of each product type and application in the region in the forecast period.

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Segmentation of the Global Agricultural Films Market:

Segmentation by Product Type

  • LDPE
  • HDPE
  • Ethyl Vinyl Acetate
  • Ethylene Butyl Acrylate
  • Reclaims

Segmentation by Application

  • Mulching
  • Greenhouse
  • Silage

Segmentation by Region

  • North America
  • Europe
  • China
  • Rest of Asia Pacific
  • The Middle East and Africa
  • Central and South America

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research