Greenhouse Films Market Size, share 2023 | Industry Analysis, Application, Forec

Posted by Vivek on December 5th, 2019

Market Research Future published a cooked research report on Global Greenhouse Films Market.

According to the report by Market Research Future (MRFR), the global greenhouse films market was valued at USD 3,956.2 million in 2017 and is expected to grow to a valuation of USD 6,408.2 million by 2023 at an 8.25% CAGR from 2018 to 2023 (forecast period).

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Segmental Analysis

The report segments the global greenhouse films market by resin type into LDPE, LLDPE, HDPE, PVC, PC, EVA, and EBA. By material, LDPE and LLDPE are likely to be the major contributors to the global greenhouse films market over the forecast period. LDPE material can accumulate value at 8.43% CAGR over the forecast period.

By thickness, the market is segmented into <200 microns, 200 microns, and >200 microns. The <200 microns and 200 microns segments are likely to remain dominant in the global greenhouse films market.

By application, market is segmented into vegetables, fruits, flowers and ornamentals, and others. Vegetables are likely to be the major contributor to the global greenhouse films market over the forecast period due to their growing demand across the world.

Competitive Analysis:

Leading players in the global greenhouse films market include Ginegar Plastic Products Ltd. (Israel), Vis and Son Company Limited (Thailand), RPC Group plc (U.K.), Essen Multipack (India), Agriplast Tech India Pvt. Ltd. (India), Beijing Kingpeng International Hi-Tech Corporation (China), Central Worldwide Co. Ltd. (Thailand), Thai Charoen Thong Karntor Co. Ltd. (Thailand), Tuflex India, Lumite Inc. (U.S.), and Agriplast (Italy). UbiQD Inc. announced in November 2018 that it has launched a quantum dot-containing greenhouse film that tilts the solar spectrum towards the red wavelengths. This product has resulted in promising outcomes in trials, with the technology resulting in a boost of more than 10% in crop yield.

Regional Analysis:

By region, the report segments the global greenhouse films market into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Asia Pacific is expected to be the major regional market for greenhouse films over the forecast period due to the growing demand for greenhouse films in countries such as China, Thailand, and India. China is the world’s largest producer of vegetables and is likely to adopt greenhouse farming on an increasing scale in the coming years in order to satisfy the growing demand for vegetable crops from around the world. The increasing demand for “ayurvedic” plants and herbs in India is also likely to lead to growing demand from the greenhouse films industry in Asia Pacific over the forecast period. It can exhibit 8.74% CAGR over the forecast period.

Overview:

Greenhouse films are used to cover the plants being grown in a greenhouse in such a way as to maximize the amount of light entering within and to minimize the entry of other harmful environmental elements that could hamper the growth of the plants. Greenhouse films are a major help in controlling the amount of sunlight, and consequently the temperature, inside a greenhouse and have thus emerged as a major aid in greenhouse usage. Greenhouse films also help protect the plants from adverse environmental conditions. The greenhouse films market is primarily driven by the growing demand for greenhouses. The greenhouse industry is likely to grow at a stupendous growth rate over the forecast period (2018-2023), resulting in steady growth of the greenhouse films market.

The growing global population has put a strain on the global agricultural industry, with the increasing demand coinciding with the increasing focus on food quality to produce a situation in which the agriculture industry simply can’t keep up. Increasing government spending on agricultural schemes to maximize food production through innovative means is likely to result in growing demand from the greenhouse films market. Greenhouses offer better crop quality than conventional agriculture through an increased level of control over their growth, as well as minimizing pest activity and allowing for off-season cultivation due to the use of artificial lights. Greenhouse agriculture is also extremely efficient in terms of water conservation and provides a significant benefit in this regard over conventional agriculture. This is likely to be a major driver for the global greenhouse films market over the forecast period.

Technological advancement in greenhouse films is also likely to be a major driver for the global greenhouse films market. UV-protective and pressure-stabilized greenhouse films, which offer enhanced protection for the plants being grown in the greenhouse, are likely to be exceedingly popular in the coming years, leading to steady growth of the greenhouse films market.

List of Table:

TABLE 1 MARKET SYNOPSIS 19 

TABLE 2 LIST OF ASSUMPTIONS 22 

TABLE 3 GLOBAL GREENHOUSE FILMS MARKET, BY RESIN TYPE 2016-2023 (USD MILLION) 40 

TABLE 4 GLOBAL GREENHOUSE FILMS MARKET, BY RESIN TYPE 2016-2023 (‘000 TONS) 41 

TABLE 5 GLOBAL GREENHOUSE FILMS MARKET FOR LDPE, BY REGION 2016-2023 (USD MILLION) 41 

TABLE 6 GLOBAL GREENHOUSE FILMS MARKET FOR LDPE, BY REGION 2016-2023 (‘000 TONS) 42 

TABLE 7 GLOBAL GREENHOUSE FILMS MARKET FOR LLDPE, BY REGION 2016-2023 (USD MILLION) 42 

TABLE 8 GLOBAL GREENHOUSE FILMS MARKET FOR LLDPE, BY REGION 2016-2023 (‘000 TONS) 43 

TABLE 9 GLOBAL GREENHOUSE FILMS MARKET FOR HDPE, BY REGION 2016-2023 (USD MILLION) 43 

TABLE 10 GLOBAL GREENHOUSE FILMS MARKET FOR HDPE, BY REGION 2016-2023 (‘000 TONS) 44 

List of Figure:

FIGURE 1 GLOBAL GREENHOUSE FILMS MARKET: MARKET STRUCTURE 22 

FIGURE 2 RESEARCH PROCESS OF MRFR 24 

FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACH 27 

FIGURE 4 MARKET DYNAMICS OVERVIEW 29 

FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL GREENHOUSE FILMS MARKET 31 

FIGURE 6 RESTRAINTS IMPACT ANALYSIS: GLOBAL GREENHOUSE FILMS MARKET 32 

FIGURE 7 SUPPLY CHAIN: GREENHOUSE FILMS MARKET 35 

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL GREENHOUSE FILMS MARKET 36 

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