What Has Been the Growth of the Greenhouse Film Market So Far?
The greenhouse film market has seen considerable growth due to a variety of factors.
• The size of the greenhouse film market has seen significant expansion lately. It's expected to surge from $6.17 billion in 2024 to $6.71 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%.
The past growth in the market can be linked to factors such as improved crop yield, lengthened agricultural seasons, resource efficiency, defense of crops, and energy preservation.
What Are the Future Growth Projections for the Greenhouse Film Market?
The greenhouse film market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the greenhouse film market is anticipated to experience robust growth, expanding to $9.35 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%.
This prospective growth in the forecast duration can be linked to factors such as sustainable agriculture, biodegradable films, vertical farming, worldwide food security and cutting edge agricultural technologies. The prominent tendencies to watch in this forecast period involve the use of sophisticated materials, energy saving films, films with anti-reflective coatings, films for insect and pest management, and films catered to vertical farming.
Which Factors Are Boosting Growth In The Greenhouse Film Market?
The upward trend in food production is predicted to fuel the expansion of the greenhouse film market in the future. The production of marketable food items, made from raw ingredients derived from plants and animals, is referred to as food production. The use of plastic greenhouses can improve and secure crop yield. To illustrate, the Organic Industry Survey released by the Organic Trade Association, a membership-based business group in the US, reported that organic food sales in the country increased to 61670 in 2022, a rise of 4.3% from 59149 in 2021. As a result, the growth in agricultural output is promoting the expansion of the greenhouse film market.
What Key Areas Define The Segmentation Of The Global Greenhouse Film Market?
The greenhouse film market covered in this report is segmented –
1) By Resin Type: Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA)
2) By Functionality: Diffused GHF, Photo-Selective GHF, Anti-Dirt GHF, Other Functionalities
3) By Width Type: 4.5 Meter, 5.5 Meter, 7 Meter, 9 Meter, Others Width Types
4) By Thickness: 80<200 Microns, 200 Microns, >200 Microns
5) By Application: Vegetable, Fruit, Flower, Others (Transplants and Ornamental)
Subsegments:
1) By Low Density Polyethylene (LDPE): Standard LDPE Films, UV-Stabilized LDPE Films
2) By Linear Low Density Polyethylene (LLDPE): LLDPE Stretch Films, LLDPE UV-Resistant Films
3) By Ethylene Vinyl Acetate (EVA): EVA Films With UV Protection, EVA Films For Thermal Efficiency
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How Are Emerging Trends Reshaping The Dynamics Of The Greenhouse Film Market?
The trend of product advancements is becoming increasingly popular within the greenhouse film industry. Enabling this trend are major companies that are actively investing in development of innovative technological solutions, to solidify their market standing. A case in point is Agriplast, a Spain-based green house films producer. In October 2022, the company unveiled its new product line named ECOAGRI. Aside from greenhouse films, ECOAGRI includes packaging items and soon to be included, additional agricultural products. Notably, it includes Powerlux PNP, a recyclable, perforated polyethylene film that bears the same benefits as nonwoven fabric and yet, is fully recyclable.
Who Are the Key Players in the Greenhouse Film Market?
Major companies operating in the greenhouse film market include:
• BASF SE
• Berry Global Inc.
• EIFFEL Industry Plastics S.p.A
• Essen Multipack Limited
• Exxon Mobil Corporation
• FVG Folien-Vertriebs GmbH
• GCR Group
• Ginegar Plastic Products Ltd.
• Iris Polymers Industries Pvt Ltd.
• Lumite Inc.
• Plastika Kritis SA
• Polifilm Extrusion GmbH
• RPC Group plc
• Saudi Basic Industries Corporation (SABIC)
• Sichuan Bozong Greenhouse Co. Ltd
• The Dow Chemical Company
• Agriplast Tech India Pvt. Ltd.
• Beijing Kingpeng International Hi-Tech Corporation
• Central Worldwide Co. Ltd.
• Tuflex India
• Goutham Plastic (India) Pvt. Ltd.
• Grupo Armando Alvarez
• Plastchim-T
• Arid Agritec
• Groupe Barbier
What Is The Most Dominant Region In The Greenhouse Film Market?
Asia-Pacific was the largest region in the greenhouse film market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse film market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
