As per a revised report published by Fact.MR, a market research and competitive intelligence provider, the global agricultural films market is anticipated to exceed a valuation of US$ 10 Bn by 2021, and expand at an impressive CAGR of 5.7% over the forecast period of 2021 to 2031.
The market is in the growth phase of its lifecycle, registering 3.5% CAGR during 2016 – 2020. Fact.MR anticipates significant potential in the market, owing to factors such as increasing plastic waste recycling and growing demand for bio-degradable solutions.
As a result of environmental pollution due to plastic and its substitutes utilized in several applications, regional policies across the globe are focusing on reducing heavy plastic use. Globally, over 6.5 million tons of plastic is utilized in the agricultural industry, and China is one of the highest contributors for the same. Most manufacturers of agricultural films are focused on reducing raw material use and increasing recycling either by collaborating with recycling companies or by setting up their own recycling plants.
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Agricultural Films Market – Scope of Report:
A latest publication by Fact.MR on the global Agricultural Films market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.
The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.
The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.
Important indicators for the successful growth of the Agricultural Films market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.
This research study can support readers to know the demand for Agricultural Films supplements, and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.
Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.
Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders
A positive flow of investments from pharmaceutical giants is likely to propel the development of Agricultural Filmsand compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.
Market leaders in Agricultural Filmssuch as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Agricultural Filmsthrough novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.
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Report benefits & key questions answered
- Post covid consumer spending on Agricultural Films: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- Agricultural Films demand outlook: the market intelligence study reports highlights the factor propelling the demand for Synthetic Cannabinoids. As per the study, the demand for Agricultural Films will grow through 2029.
- Agricultural Films historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
- Agricultural Films consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
Agricultural Films Market Segmentations:
- By Film :
- Geomembrane
- Agricultural Silage Films
- Agricultural Mulching Films
- Greenhouse Plastic/Covering Film
- By Material :
- Ethylene Butyl Acrylate Agricultural Films
- Ethylene-Vinyl Acetate Agricultural Films
- Low-Density Polyethylene Agricultural Films
- LLDPE Agricultural Films
- LLPE Agricultural Films
- HDPE Agricultural Films
- Polypropylene Agricultural Films
- Polyamide Agricultural Films
- EVA Agricultural Films
- Ethylene Vinyl-Alcohol Copolymer Resins
- PVC Agricultural Films
- Others
- By Application :
- Agricultural Films for Bale Wrapping & Ensiling
- Agricultural Films for Silo Bags Manufacturing
- Agricultural Films for Tunnel Covers
- Agricultural Films for Bunker Ensiling
- Others
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