The new report by Expert Market Research titled, ‘Global Greenhouse Film Market Report and Forecast 2022-2027, gives an in-depth analysis of the Greenhouse Film, assessing the market based on its segments like plastic type, thickness, width, application, and major regions. 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, along with analyzing 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%
- Forecast Market Size (2027): USD 11.7 Billion
The demand for food and the need to increase food production per acre of land is increasing continuously. Due to this, the popularity of greenhouse cultivation is increasing, which is a major factor in the growth of the greenhouse film market all across the globe. The increasing population, and reducing profits in traditional framing are also expected to drive the market. Moreover, the quality of agricultural products is also enhanced with the efficient use of resources. All these factors will cumulatively drive the market especially for fruits and vegetables. A key advantage of greenhouse farming is that offseason production can be carried out, which provides better prices for agricultural products. The growth in greenhouse farming will directly drive the demand for greenhouse films during the forecast period.
Industry Definition
Greenhouse films are the plastic films that are placed on the roof and sides of the greenhouse in order to protect the plants from outside elements. Generally, the greenhouse films are made up of plastic materials. Greenhouses create an environment for plants that ensures uniform quality, protection to crops from rain, wind, and frost, and also facilitates faster ripening of crops.
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By plastic type, the market is segmented into:
- Low-Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
- Polyvinyl Chloride (PVC)
- Others
By thickness, the market can be segmented into:
- Less than 200 Micron
- 200 Micron
- Greater than 200 Micron
Based on Width, the market is segmented into:
- 5 Metres
- 5 Metres
- 7 Metres
- 9 Metres
- Others
On the basis of application, the market is divided into:
- Vegetables
- Flowers
- Ornamental Plants
- Fruits
- Others
The regional markets for the Global Greenhouse Film Market can be separated into:
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Other
- Latin America
- Brazil
- Argentina
- Mexico
- Other
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Market Trends
Low-density polyethylene (LDPE) is the most common type of plastic used for the application of greenhouse film. Advantages offered by the LDPE include its durability and can withstand extreme climates. These films have high quality, thickness, improved transparency, enhanced flexibility, resistance to extreme environmental conditions including excess sunlight, and others. By region, Asia Pacific is anticipated to show lucrative growth during the forecast period. This growth is due to the heightened investments in the agriculture industry by the leading market players in the region. Government support for advanced farming is also expected to provide a significant boost to greenhouse farming thus also to greenhouse films in the region.
Key Market Players
The major players in the market include Ginegar Plastic Products Ltd., Essen Multipack Limited, Exxon Mobil Corporation, POLIFILM Group, Berry Global Inc., Lumite, Inc., and 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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