Agricultural Films Market worth $18.2 billion by 2028 | Key players Berry Plastics Group, Inc. (US), Kuraray Co., Ltd. (Japan), BASF SE (Germany).

According to recent market research the "Agricultural Films Market by Type (LLDPE, LDPE, Reclaim, EVA, HDPE), Application ((Greenhouse Films (Classic Greenhouse, Macro Tunnels), Silage Films (Silage Stretch Wraps), & Mulch Films (Transparent, Clear Mulches)), and Region - Global Forecast to 2028", size was USD 12.2 billion in 2022 and is projected to reach USD 18.2 billion by 2028, at a CAGR of 6.9% from 2023 to 2028. The market is projected to grow because of focus on agricultural crop yield. With the purpose of to meet the growing demand for agricultural products, it is necessary to implement technologies such as greenhouse films, mulch films, and silage films, and to apply controlled agriculture. Therefore, the need to increase agricultural production is a crucial driving factor behind the demand for agricultural crop yield.

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Due to rising population the focus on agricultural crop yield is increased and to increase the crop yield, the mulch films are principally utilized in agriculture. It also enhances the soil quality, manage weed growth, maintain optimal soil temperature, and save water.

Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), reclaim, Ethyl-Vinyl Acetate, High Density Polyethylene (HDPE), and others are various market segment based on the type. During the forecast period, LLDPE is projected to hold the largest market share of agricultural films. Due to its remarkable elongation and flexible properties, LLDPE exhibits high resistance to tearing and punctures which protects the film from harm during usage and installation.

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Asia Pacific is projected to be the largest market for agricultural films, driven by the changing farming practices and the rising population in region especially in India and China. Due to these reasons the demand for agricultural films in Asia Pacific region is increased.

The key players profiled in the report include Berry Plastics Group, Inc. (US), Kuraray Co., Ltd. (Japan), BASF SE (Germany), RKW Group (Germany), and The Dow Chemical Company (US).

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Berry Plastics Group, Inc. is key player in agricultural films market, it has strong presence in European and North American region. For various agricultural applications, it offers wide range of products such as greenhouse films, mulch films and silage films. The company's foremost focus is on the production of advanced agricultural films. It maintains strong connections with customers worldwide. To broaden its reach, the company is improving its long-term financial stability and diversifying its product line to include both existing and complementary offerings. In December 2022, Berry Plastics Group, Inc. made collaboration with Cleanfarms and PolyAg Recycling in Canada to establish a circular economy focused on reclaiming used agricultural films and grain bag materials. The aim of this collaboration is to utilize these materials for the creation of new products.

Coveris, established in 2013, is a prominent manufacturer of value-added packaging products counting plastics and other materials. As one of the largest packaging companies, it maintains a significant position in the market. The company specializes in silage films and offers agricultural films via its films business segment. The company is presently prioritizing investments and expansions in its manufacturing facilities located in the UK and France. Through these investment and expansions, the company is developing innovative and creative products that meet the global requirements of its customers. In February 2022, Coveris boosted its production capacity for stretch and shrink hoods manufactured from recycled materials. This expansion included plans to modernize its site in Montfaucon, France. As a part of the modernization process, Coveris upgraded its machinery and increased productivity with the acquisition of a new state-of-the-art extruder designed for industrial applications.

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