Published Date : 13 Sep 19 | Views: 11 | Industry : Miscellaneous
Agricultural Mulch Films to Witness an Increased Demand
In terms of application, agricultural mulch films, especially biodegradable, are gaining huge popularity in the agricultural films market. This is attributed to its associated advantages including maintenance of soil temperature, speeding up of the germination process, cost and labor efficiency, reduction in the utilization of herbicides and pesticides, and low water consumption. For instance, Ecovio biodegradable mulch film developed by one of the prominent companies, BASF SE, is employed for corn, cotton, tomato, and potato fields at the Xinjiang Ecological Agriculture Development Summit in China.
Advanced Farming to Bolster the Market Growth in North America
North America has emerged as the largest consumer of agricultural films as the region has initiated the adoption of advanced farming technology. This is the key reason behind the dominance of the regional market. On the other hand, developing nations and high dependence on agriculture are some of the key factors fueling the growth in Asia Pacific.
The market is highly competitive in nature owing to the presence of key players in the agricultural films market. The key vendors in the agricultural films market are taking constant efforts to develop novel products with an aim to expand their customer base, which is resulting in healthy growth of the market. Achilles Corporation, Armando Alvarez, Bloomer Plastics Inc., Hyplast Nv, Plastika Kritis S.A., Trioplast Industrier Ab, BASF SE, Berry Plastics Corporation, British Polythene Industries Plc, and Henan Yinfeng Plastic Co. Ltd are some of the key market participants operating in the agricultural films market market.
Novel Product Development to Play a Major Role in Market Growth
Introduction of bio-based polymer and biodegradable films may open up new avenues for the market players in the forthcoming years. For instance, Ultra Violet (UV) blocking, ultra-thermic, fluorescent, and NIR blocking films have gained immense traction among the players of the agricultural films market.
Growing Concerns over Environment May Act as a Hurdle
Product disposal has come up as an emerging concern, which may restrain the growth of the agricultural films market in the coming years. Stringent regulations by the government pertaining to plastics and polythene usage are estimated to affect the market growth negatively. In addition, high installation cost of agricultural films is preventing farmers to make extensive usage of it. Also, the material is obtained from plastic, which makes it hazardous for the environment.