Market Leader - Agricultural Films Market
In terms of value, the agricultural films market is estimated to grow from USD 13.8 billion in 2024 to USD 19.5 billion by 2029, at a CAGR of 7.1%. Agricultural films market have grown as the demand from food processing end-use industry, rising agricultural output, mounting inventions in agricultural films, and increasing demand from dairy industry. These factors drive the agricultural films market.
The key players profiled in the report include Berry Global Group, Inc. (US), Dow Inc. (US), RKW Group (Germany), BASF SE (Germany), Coveris (Austria), Kuraray Co., Ltd. (Japan), Rani Group (Finland), Armando Alvarez Group (Spain), and others. The agricultural films market has witnessed insignificant growth in the past few years; mounting demand for dairy products and changing lifestyle drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.
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Berry Global Group, Inc. is one of the world’s prominent provider of inventive agricultural films and other materials. The company operates over 267 manufacturing facilities around the world and has strong presence in European and North American region. It offers a exhaustive range of products such as stretch and shrink films, converter films, food and consumer films, retail bags and agricultural films. It creates innovative packaging and engineered products, by focusing on reducing the impact on environment and working towards achieving 100% fast-moving consumer goods packaging to be reusable. Moreover, To expand its business, the company is improving its long-term financial position, expanding its existing and complementary product line. In May 2022, Berry Global Group, Inc. collaborated with Cleanfarms and PolyAg Recycling in Canada to establish a circular economy in the recovery of used agricultural films.
Kuraray Co., Ltd. is a global specialty chemical company and manufacturers various materials and products including resins, chemicals, fibers, films, and medical products. The company has a strong global presence in Europe, North America, and Asia Pacific region with 76 consolidated subsidiaries and scattered business. It offers agricultural film products through its vinyl acetate segment under the brand name EVAL. EVAL is one of the core businesses of Kuraray; the product line of EVAL provides the widest range of EVOH products. The company continuously focuses on its research and development capabilities to improve the profitability, performance, and cost competitiveness of its products. In August 2023, the company planned to to increase the production capacity of EVAL in the US and Europe.
Related Reports:
Agricultural Films Market by Type (LDPE, LLDPE, EVA, Reclaim, HDPE), Application (Greenhouse Film (Classic Greenhouse, Low Tunnel), Mulch Film (Black Mulches, Transparent Mulches), Silage Film (Silage Stretch Wrap, Silage Bag) - Global Forecast to 2029
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