The new report by Expert Market Research titled, ‘Global Greenhouse Film Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global greenhouse film market, assessing the market based on its segments like plastic type, thickness, width, application, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2020): USD 6.4 Billion
- Forecast CAGR (2022-2027): 10.5%
The greenhouse film market is being driven by the growing global population, which is spearheading the demand for agricultural produce and food in the market. The increasing investments in the agriculture sector are also aiding the market growth. The governments are increasingly investing in the development of the agricultural infrastructure of the countries to meet the dietary demands of the steadily increasing population. Furthermore, the demand for offseason crop cultivation is also expected to promote the practice of greenhouse film, thus, contributing to the market growth. The market is also expected to benefit from its long-term sustainability. These factors are expected to drive the market growth in the forecast period.
Industry Definition and Major Segments
Greenhouse films are plastic materials utilised in the construction of greenhouses for covering the roofs and side walls. Greenhouses are utilised to practice protected cultivation, as they provide appropriate environmental conditions that ensure harvest quality and provide protection from extreme weather. These films come in a variety of forms that offer different beneficial properties, such as increased amount of light and temperature to the crops.
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The greenhouse film market, on the basis of plastic type, can be segmented into:
- Low Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
- Polyvinyl Chloride (PVC)
Based on thickness, the industry can be segregated into:
- Less than 200 Micron
- Equal to 200 Micron
- Greater than 200 Micron
On the basis of width, the market can be distributed into:
- 4.5 Metres
- 5.5 Metres
- 7 Metres
- 9 Metres
Based on application, the industry can be categorised into:
- Ornamental Plants
The regional markets for greenhouse film include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The greenhouse film industry is being driven by the increased allotment of areas for protected cultivation across the globe. This can be attributed to the increased demand for greenhouse cultivation for the efficient farming practices. Factors such as improved quality and quantity of the produce, along with the efficient control of pests are predicted to augment the market growth. Furthermore, the rising government investments and supportive initiatives to provide a boost to the practice of greenhouse farming are expected to impact market growth positively. The rising demand for improved agricultural yield is also expected to bolster the market growth.
Key Market Players
The major players in the market are Ginegar Plastic Products Ltd., Essen Multipack Limited, Exxon Mobil Corporation, POLIFILM Group, Berry Global Inc., and Lumite, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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