Greenhouse Film Market Size, Industry Growth, Sales Revenue and Industry Expansion Strategies to 2027

The global greenhouse film market is likely to reach value of USD 13.15 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the growing focus of the horticulture industry on sustainable production and higher profit margins. Manufacturers of greenhouse films are trying to provide lightweight and durable polyethylene materials. Increasing research and development activities to produce materials that provide an outstanding balance of high tensile strength, light transmission, tear resistance, and light weight are expected to drive the market for greenhouse films in the near future. Increasing government initiatives to enhance agricultural productivity through implementation of modern agricultural techniques are likely to augment the market during the forecast period. For example, in 2018, the U.S. Department of Agriculture granted a funding of USD 2.45 Million to invent a cost-effective and versatile greenhouse material capable of transforming sunlight into photo-synthetically convenient energy photosynthetically efficient light. This greenhouse material is intended to re-use ineffective ultraviolet radiation to further purify water. The innovation is expected to fuel the agriculture sector and help the countries facing severe climatic conditions and limited availability of fresh water in the near future.

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Greenhouse Film market.

Market Dynamics:

The report offers insightful information about the market dynamics of the Greenhouse Film market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Greenhouse Film market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Greenhouse Film market.

Unfolding the prime factors prompting global market growth:

The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Greenhouse Film market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.

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Key Highlights of Report

In November 2019, RKW Group announced that it had invested millions in the last two years to develop advanced products with the latest technology for horticulture and agriculture sectors. Moreover, the company also expanded the capacity of its Michelstadt (Germany) and Hoogstraten (Belgium) sites. The company is also planning to launch advanced silage films and bags and greenhouse films in order to help farmers. The strategy is expected to strengthen the company’s position and help it remain competitive in the greenhouse film market in the next few years.
The low-density polyethylene (LDPE) segment held the largest market share of 50.8% in 2019. Countries facing severe climatic conditions and limited water supply have increased the utilization of greenhouse films based on low-density polyethylene resins in the agriculture sector.
The 150 to 200 microns segment is anticipated to expand at the most rapid CAGR of 10.7% during the forecast period. The rising necessity to stabilize greenhouse films with correct light stabilizers and UV absorbers is expected to drive use of greenhouse films with thickness ranging from 150 to 200 microns in the near future.

Key market participants include Plastika Kritis S.A., Armando Álvarez Group, Ginegar Plastic Products Ltd., RKW Group, POLIFILM EXTRUSION GmbH, Berry Global, Inc., Agriplast Tech India Pvt Ltd, GROUPE BARBIER, A.A. Politiv Ltd., and Mitsubishi Chemical Corporation

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Emergen Research has segmented the global greenhouse film market in terms of resin type, thickness, and region: