The global greenhouse film market is estimated to show a substantial growth over the forecast period by 2026. The market growth was supported by various market determinants and expected to grow at a CAGR of ~9% during the forecast period.
Greenhouse films are frames used to cover crops cultivated in the greenhouse. The greenhouse films are used to protect the plants from harsh and fluctuating weather conditions. There are various greenhouse films available in the market which are used based on type and requirement of crops.
The major drivers of the global greenhouse films market are increase in number of the global population, increasing urbanization, rising food demand globally, less usage of water in crop cultivation, enhanced crop quality, increasing focus of government organizations on agricultural sector, and many more related factors are boosting the market growth. Also, technological advancements in farming methods, rising demand for greenhouse protected cultivation are some growth opportunities present in the market during the forecast period. Whereas, additional expenditure and high labor cost restrain the market growth over the forecast period.
The global greenhouse films market is bifurcated into various segments to understand the market from 360-degree. The market is segmented on the basis of:
These market segments are sub-segmented as:
Based on Type Segment: Low Density Polyethylene, Linear Low-Density Polyethylene, Polyvinyl Chloride, Polycarbonate, Ethylene Vinyl Acetate and Others
Based on Width Segment: 5M, 7M, 9M, and Others
Based in Thickness Segment: 80<200 microns, 200 microns and >200 microns
Based in Application Segment: Vegetables, Fruits, Flowers & Ornamentals and Others
In primary analysis, the Low-Density Polyethylene segment accounted for highest market share in terms of revenue in 2018.
Regional Analysis:
Geographically, North America accounted as highest revenue generated region and captured a major market share in 2018 in the greenhouse film market. The market growth was accelerated by growing urbanization and increasing population. Increasing demand for controlled environment to produce crops and technological advancements boost the regional market growth. Asia-Pacific accounted to grow at fastest-pace, owing to significant growth in population, technical expertise in agriculture sector and government participation in same in countries of Asia-Pacific support the regional growth in the market during the forecast period.
In the Greenhouse Film market research report, some of the major key players are profiled to understand the market scenarios. Polifilm Extrusion GmbH, Ginegar Plastic Products Ltd., Essen Multipack Ltd., Central Worldwide Co., Ltd., Thai Charoen Thong Karntor Co., Ltd., Beijing Kingpeng International Hi-Tech Corporation, Agriplast SRL, Berry Global Group, Inc., Lumite, Inc., and The Dow Chemicals Company are companies profiled in the market research report. These companies adopt various competitive strategies to withhold the market position. Some of the strategies are:
In the global greenhouse film market, no such strategies seem to be dominant. In 2017, Ginegar Plastic Products, signed an agreement to acquire 60% of the issued shares of Flextech, a company based in Italy. This acquisition will help Ginegar to find opportunities that will boost the company’s production capacity and help to increase its presence in other parts of the world.
The market research report consist of more detailed analysis of other chapters and its parts that include SWOT analysis, PEST analysis, PORTER’S Five Force Model and other economic tools to get insights from different points.
