Research Nester published a report titled “Greenhouse Film Market: Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global greenhouse film market in terms of market segmentation by resin type, thickness, width type, functionality, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global greenhouse film market is anticipated to grow with a CAGR of ~9% during the forecast period, i.e. 2022-2031. The market is segmented by application into manufacturing, construction, mining, oil and gas, and others. Out of this, the oil and gas segment is anticipated to garner the highest revenue by 2031, owing to the growth in the oil and gas industry. In 2022, the revenue generation by oil and gas industry was estimated to be USD 5 trillion.
The global greenhouse film market is estimated to garner a notable revenue by the end of 2033. The increasing demand for greenhouse cultivated crops is projected to be the driving factor for the greenhouse film market. Also, the rise in cultivation of greenhouse crops is fueling the demand for greenhouse films which is further fueling the greenhouse film market growth. Greenhouse structures help farmers to control the temperature and grow out-of-season crops. Some of these organic crops garner high prices commercially. Hence, manufacturers are bolstering production capacities for greenhouse films to enable cultivation of out-of-season crops.
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Geographically, the global greenhouse film market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2031, on the back of increased demand of food grains by burgeoning population, expansion in agricultural employment, high disposable income and considerable growth in GDP.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Agriculture Industry to Drive the Market Growth
As a result of the rising awareness of the various benefits of greenhouse films, there is an expected increase in demand for and supply of greenhouse films all over the world. Also, the increment in production of greenhouse films is expected due to surging demand for agricultural products. Besides this, greenhouse films have a wide array of advantages, including improved crop quality and agricultural productivity by minimizing soil erosion, providing nutrients, increasing soil temperature, suppressing the growth of weeds, and others. The expansion of the global greenhouse film market is driven by factors such as increasing demand for better crop yields, rising global population, and surging demand for food grains in emerging countries.
However, the high cost of installation, coupled with additional investments during the process and the increased labor costs, is expected to operate as key restraints to the growth of the global greenhouse film market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global greenhouse film market which includes company profiling of Ginegar Plastic Products Ltd, RKW Group, Berry Global Inc., ARMANDO ÁLVAREZ, S.A., FVG Folien-Vertriebs GmbH, AA Politiv Ltd, Agripolyane, Tuflex India, Thai Charoen Thong Karntor Co.,Ltd, Vis and Son Company Limited and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global greenhouse film market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.