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Expansions and Mergers & Acquisitions are the Key Strategies Adopted by the Leading Players in the Global Agricultural Films Market
The global market size for agricultural films was USD 8.57 Billion in 2015 and is projected to reach USD 12.51 Billion by 2021, registering a CAGR of 6.5% between 2016 and 2021. New product launches, contracts & agreements, mergers & acquisitions and expansions are the strategies adopted by the key players to strengthen their foothold in the global agricultural films market. The maximum number of strategic developments undertaken between 2011 and 2016 took place in Europe, followed by Asia-Pacific and North America.
The key players operating in the global agricultural films market are The Dow Chemical Company (U.S.), BASF SE (Germany), ExxonMobil Corporation (U.S.), RKW SE (Germany), Berry Plastics Group, Inc. (U.S.), Grupo Armando Alvarez (Spain), Kuraray Co. Ltd. (Japan), Barbier Group (France), British Polythene Industries Plc. (U.K.), and Coveris Holdings, S.A. (U.S.).
RKW SE (Germany) is one of the major agricultural films manufacturers, globally. The company has been focusing on expansions and acquisitions to maintain its foothold in the market. For instance, in May 2016, Company expanded its site in Saxony-Anhalt (Germany). The expansion helped the company to strengthen its presence in Germany. Also, the company acquired Biofol Film GmbH (Germany) in May, 2014 to expand its product portfolio in the agricultural sector in Germany.
Beery Plastics Group, Inc. (U.S.) is another key player in the global agricultural films market. The company has been focusing on mergers & acquisitions as a part of its strategic development activities. In January 2014, the company acquired Qingdao P&B Co., Ltd. (China). The acquisition helped the company to establish its presence in the emerging markets of Asia-Pacific.
This report provides a detailed analysis of the agricultural films market and segments the same based on type, application, and region. Based on type, the market has been segmented as LLDPE, LDPE, Reclaim, EVA, HDPE, and others. Based on application, the market has been segmented as greenhouse film, mulch film, and silage film. Based on region, the market has been segmented as Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.
Agricultural Films Market by Type (LLDPE, LDPE, Reclaim, EVA, HDPE), Application (Greenhouse Film, Mulch Film, and Silage Film), and Region - Global Forecast to 2021
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