Market Leader - Agricultural Films Market
In terms of value, the agricultural films market is estimated to grow from USD 12.2 billion in 2022 to USD 18.2 billion by 2028, at a CAGR of 6.9%. The main drivers of the agricultural films market are the global focus on increasing agricultural crop yield, collective demand for the dairy industry, and advances in agricultural film technology.
The key players profiled in the report include Berry Plastics Group, Inc. (US), Kuraray Co., Ltd. (Japan), Coveris (Austria), RKW Group (Germany), BASF SE (Germany), Rani Group (Finland), and The Dow Chemical Company (US). The major market players given a high priority on incorporating new technologies to keep up with the constantly evolving demands of the agricultural films around the world. To enhance their market position in the industry, these players have adopted a range of growth strategies such as initiating new product development, forming collaborations and partnerships, acquiring other companies, and launching new products. These tactics have been employed to expand their market share in the agricultural films industry.
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Berry Plastics Group, Inc. is key player in agricultural films market, it has strong presence in European and North American region. For various agricultural applications, it offers wide range of products such as greenhouse films, mulch films and silage films. The company's foremost focus is on the production of advanced agricultural films. It maintains strong connections with customers worldwide. In order to broaden its reach, the company is improving its long-term financial stability and diversifying its product line to include both existing and complementary offerings. In December 2022, Berry Plastics Group, Inc. made collaboration with Cleanfarms and PolyAg Recycling in Canada to establish a circular economy focused on reclaiming used agricultural films and grain bag materials. The aim of this collaboration is to utilize these materials for the creation of new products.
Coveris, established in 2013, is a prominent manufacturer of value-added packaging products counting plastics and other materials. As one of the largest packaging companies, it maintains a significant position in the market. The company specializes in silage films and offers agricultural films via its films business segment. The company is presently prioritizing investments and expansions in its manufacturing facilities located in the UK and France. Through these investment and expansions, the company is developing innovative and creative products that meet the global requirements of its customers. In February 2022, Coveris boosted its production capacity for stretch and shrink hoods manufactured from recycled materials. This expansion included plans to modernize its site in Montfaucon, France. As a part of the modernization process, Coveris upgraded its machinery and increased productivity with the acquisition of a new state-of-the-art extruder designed for industrial applications.
Related Reports:
Agricultural Films Market by Type (LLDPE, LDPE, Reclaim, EVA, HDPE), Application ((Greenhouse Films (Classic Greenhouse, Macro Tunnels), Silage Films (Silage Stretch Wraps), & Mulch Films (Transparent, Clear Mulches)), and Region - Global Forecast to 2028
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