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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Greenhouse Film Market Growth
Increasing Deployment of Low-Density Polyethylene (LDPE) to Aid the Global Greenhouse Film Industry Growth
Based on plastic type, the low-density polyethylene (LDPE) segment is predicted to hold a significant market share in the greenhouse film industry. This growth can be attributed to the increased demand for durable and efficient greenhouse films that can withstand extreme climates. In addition, other important advantages offered by these films include high quality, thickness, improved transparency, enhanced flexibility, resistance to extreme environmental conditions such as excess sunlight, and others. Furthermore, its sustainable nature is also anticipated to provide a thrust to the market. These factors are predicted to aid the industry growth in the forecast period.
The Asia Pacific to Account for a Significant Market Share in the Global Greenhouse Film Industry
The Asia Pacific is estimated to hold a significant share of the greenhouse film industry in the forecast period. This growth can be attributed to the presence of leading market players in the region. In addition, the heightened investments in the agriculture industry are also contributing to the market growth. For instance, in China, the greenhouse agriculture production witnessed a boom with the insurgence of the COVID-19 virus. Moreover, the growing global population, augmenting the demand for food crops, coupled with the rising demand for improved agricultural yield, is also predicted to bolster the overall market growth in the coming years.
Greenhouse Film Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global greenhouse film market attained a value of nearly USD 8.63 billion.
The market is projected to grow at a CAGR of 10.6% between 2024 and 2032.
The major market drivers include the growing demand for food and agricultural produce, rising demand for quality and off-season cultivation, increasing population levels, and the increasing investments in the research and development of greenhouse films.
The introduction of favourable government investments and initiatives aimed at boosting food production and an increase in areas designated for greenhouse cultivation are the key trends supporting the market demand.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant plastic types in the market are low density polyethylene (LDPE), linear low density polyethylene (LLDPE), and polyvinyl chloride (PVC), among others.
The different segments based on thickness of greenhouse film considered in the market report are less than 200 micron, equal to 200 micron, and greater than 200 micron, among others.
The various segments based on widths of the product included in the market report are 4.5 meters, 5.5 meters, 7 meters, and 9 meters, among others.
The significant applications of greenhouse film include vegetables, flowers, ornamental plants, and fruits, among others.
The major players in the market are Ginegar Plastic Products Ltd., Essen Multipack Limited, Exxon Mobil Corporation, POLIFILM Group, Berry Global Inc., and Lumite, Inc., among others.
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