Greenhouse Films Market Set for Explosive Growth by 2030

 

Market Overview

The global greenhouse films market is anticipated to surpass a valuation of USD 6,408.2 million, attaining a CAGR of 8.25% between 2022 and 2030 (assessment period), Market Research Future (MRFR) unveils in a detailed report.

The global greenhouse films market has gained huge attention over the past few years, mainly due to the soaring demand for greenhouse cultivated crops as they offer a controlled internal environment, thereby helping in improved yield. The growing applications of greenhouse films in plant-nurseries and rising initiatives from the government to enhance agricultural yield are some of the top factors contributing to the market’s growth across the globe.

Soaring greenhouse cultivation due to the rising need for ideal environmental conditions like humidity and temperature is encouraging the greenhouse films market to a large extent. Crops like lettuce, tomatoes, cucumbers, and basil generally grow outdoors and during a certain time and thus command high price commercially. Greenhouse films help in the cultivation of such crops during off-season and also helps to reduce cost. Such factors are propelling the market growth globally. Apart from cost regulation, widespread advancements in agricultural technologies are responsible for propelling the market growth. Growing awareness associated with the use of greenhouse in emerging and remote regions has also contributed to the market’s excellence.

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 On the contrary, deployment of greenhouse films requires additional expenses, like labor cost and temperature maintenance kit. This is likely to restrict the market growth in the foreseeable future.

 Greenhouse Films Market: Segmental Analysis

The global greenhouse films market has been segmented on the basis of resin type, thickness, and application.

By resin type, the greenhouse films market is segmented into LLDPE, LDPE, PVC, HDPE, EVA, PC, and EBA. Of these, the LDPE and LLDPE segments are considered to be the prime contributors to the market growth. The LDPE material is predicted to accumulate a CAGR of 8.43. The soaring demand for a high-quality film that can sustain adverse climatic conditions and also possesses properties like optical properties, improved thickness, and resistance to excess sunlight are some of the prime factors fueling the market’s growth in the LDPE segment.

By thickness, the greenhouse films market is segmented into <200 microns, 200 microns, and >200 microns. Of these, the <200 microns and 200 microns segments are estimated to remain dominant in the global market. The demand for 200 microns is greater as it is manufactured with five-layer technology and creates the required climatic conditions for crops, thus resulting in enhanced quality and yield.

By application, the greenhouse films market is segmented into fruits, vegetables, flowers and ornamentals, and others. Of these, the vegetable segment is likely to be the major contributor to the market owing to their surging demand across the globe.

Regional Analysis

Geographically, the global greenhouse films market has been segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

Asia Pacific is likely to be the major regional market for greenhouse films owing to the growing demand for greenhouse films in countries such as Thailand, India, and China. China is world’s largest vegetable producer and is expected to adopt greenhouse farming on a growing scale. Additionally, the growing demand for “ayurvedic” herbs and plants in India is likely to boost demand for the greenhouse films industry in the APAC market. It is expected to exhibit CAGR 8.74% over the forecast period.

Key Players

Global greenhouse films market has been dominated by key players such as Vis and Son Company Limited (Thailand), Ginegar Plastic Products Ltd. (Israel), Essen Multipack (India), RPC Group plc (U.K.), Beijing Kingpeng International Hi-Tech Corporation (China), Agriplast Tech India Pvt. Ltd. (India), Thai Charoen Thong Karntor Co. Ltd. (Thailand), Central Worldwide Co. Ltd. (Thailand), Lumite Inc. (U.S.), Agriplast (Italy), and Tuflex India.

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Industry/ Innovation/ Related News:

November, 2017 – Iran agricultural ministry announced its expansion plan to increase the green house cultivation area to 48,000 hectors by the end of 2025. This move will save nearly 10 billion cubic meters of water. This in turn will offer pool of opportunities for the greenhouse film manufacturers. 

May, 2016-, VB group a leading greenhouse project developers signed a multi-million euro contract with KSM group to build 20 hectors of greenhouse in Iran. The high end glass greenhouses ans systems will be responsible for growing vegetables, strawberries and flowers.

May, 2017- The ever-increasing demand for greenhouse films opportunities are being utilised by the raw material manufacturers. Yuxi Xuri Plastics Production Co., Ltd, a leading greenhouse film manufacturer in China, has adopted BASF’s Tinuvin® XT 100 light stabilizer to make low density polyethylene (LDPE) film. The film is used to cover a greenhouse for growing grapes in Yunnan province in China. 

 

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