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Greenhouse Film Market worth 4.70 Billion USD by 2021
The report "Greenhouse Film Market by Resin Type (Low Density Polyethylene, Linear Low Density Polyethylene, Ethylene Vinyl Acetate), Thickness (80<200 microns, 200 microns, >200 microns), Width Type (4.5M, 5.5 M, 7M, 9M), and Region - Global Forecast to 2021", The global greenhouse film market is estimated to reach USD 4.70 Billion by 2021, at a CAGR of 10.96% from 2016 to 2021.
Browse 122 market data tables and 46 figures spread through 137 pages and in-depth TOC on “Greenhouse Film Market by Resin Type (Low Density Polyethylene, Linear Low Density Polyethylene, Ethylene Vinyl Acetate), Thickness (80<200 microns, 200 microns, >200 microns), Width Type (4.5M, 5.5 M, 7M, 9M), and Region - Global Forecast to 2021”
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The global greenhouse film market is projected to grow at a CAGR of 10.96% from 2016 to 2021. Increase in the greenhouse farming area, growing focus on improving agricultural yield, and the rising demand for greenhouse protected agriculture is driving the market for greenhouse films.
Low density polyethylene (LDPE) resin: The most dominant resin type in the greenhouse film market
The LDPE resin segment of the greenhouse film market accounted for the largest share, in terms of volume, followed by LLDPE, EVA, and others respectively. The demand for high quality film which can sustain adverse climatic conditions and has superior properties such as better thickness, optical properties, resistance to excess sunlight and the external environment, is driving the LDPE resin based greenhouse film market.
Thickness size of 200 microns: The fastest-growing segment of the greenhouse film market
The demand for the 200 microns thickness film is greater because it is manufactured with the five layer technology which is very suitable and creates the required climatic conditions for crops, which results into better yield and quality. The life cycle of the 200 microns film is three to five years, which is longer as compared to the 120 or 150 micron thickness films which have life cycles of one or two years.
India to register the highest growth rate in the greenhouse film market
The greenhouse film market in India is expected to grow at the highest rate for the forecast period in the global greenhouse film market. The demand for food is increasing in India due to the rising population and the greenhouse protected farming area is increasing at a very fast rate. Furthermore, the increased demand for better-quality crops has created a huge potential for the greenhouse film market.
In addition, subsidies by the Indian central and state governments are encouraging more farmers to practice greenhouse farming. In some states, this subsidy is up to 90% for those practicing greenhouse farming. This is leading to the growing demand for greenhouse films, which is driving the greenhouse film market in India.
Key market players in the greenhouse film market
The key players in this market are Gineger Plastic Products Ltd. (Israel), Plastika Kritis S.A. (Greece), RKW SE (Germany), Agriplast Srl (Italy), bpi. Visqueen (U.K.), POLIFILM EXTRUSION GmbH (Germany), Grupo Armando Alvarez (Spain), Eiffel S.p.A (Italy), Fvg Folien Vertriebs GmbH (Germany), A.A Politiv (1999) (Israel), Agripolyane (France).
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