Greenhouse Film Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMA4406 | Last Updated On: Apr 22 2022 | Available Formats

> Global Greenhouse Film Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Greenhouse Film Market is Segmented By Thickness(80 to 150 microns, 150 to 200 microns, More than 200 microns), By width (4.5M, 5.5M, 7M, 9M, Others), By Resin Type(Low-Density Polyethylene, Linear Low-Density Polyethylene, Ethylene Vinyl Acetate),  By Application(Flowers and Ornamentals, Vegetables, Fruits, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The global "greenhouse film market" size was worth US$ XX billion in 2020 and is estimated to record significant growth by reaching up to US$ XX billion by 2028, and register a revenue CAGR of XX% within the forecast period (2022-2029).

Greenhouse films are protective films used to cover plants grown in greenhouses to provide a regulated in-house climate for better crop yield and quality, regardless of the external environment. These films can control temperature, sunshine and provide physical protection for crops from rain, wind, and snow, among many other things. As a result, light stabilizers and UV absorbers must stabilize the films. Greenhouses give better crop quality than traditional agriculture, increase control over their growth, reduce pest activity, and cultivate crops outside of the growing season due to artificial lights. Compared to conventional plastic, greenhouse plastic is more durable and is in high demand. Regular plastic sheets will tear when cutting because the ends fray, but greenhouse plastic is specially made to resist tearing and stand up to weather. It is knitted instead of just formed into sheets.

Source: DataM Intelligence Analysis (2021)

Dynamics

The increasing area under protected greenhouse agriculture is driving the market share for greenhouse films in recent times. Growing emphasis on improving crop yield is boosting the demand for greenhouse films to meet the increasing demand for food across the globe.  

The increasing area under protected greenhouse agriculture is driving the market share for greenhouse films in recent times.

Greenhouse films are used commercially to grow exotic (non-native) and off-season foods, export-grade cut flowers, and quality seedlings. When high-value agricultural produce is cultivated in a greenhouse, the economic returns can significantly improve the financial. Chemical pesticides and insecticides are used selectively on crops grown in a protected environment to avoid residues on the crop produce. Greenhouses films are mainly utilized as rain shelters, especially in India with high rainfall, such as the north-eastern states and coastal regions. Between 2009 and 2050, the world's population will increase by more than a third, or 2.3 billion people. It was a substantially slower pace of growth than in the previous four decades when it increased by 3.3 billion people or more than 90%. These patterns indicate that food demand will continue to rise. According to the forecasts, feeding a world population of 9.1 billion people in 2050 will necessitate a 70 percent increase in overall food production between 2005/07 and 2050. In developing countries, the show would have to double nearly. This would result in considerable increases in the production of several essential commodities. Thus, increasing population accelerated the food consumption percentage across the globe, leading to the adoption of advanced technologies such as greenhouse films that can offer high yield crops in an eco-friendly manner.

Growing emphasis on improving crop yield is boosting the demand for greenhouse films to meet the increasing demand for food across the globe.

Approximately 275 million hectares of irrigated land are currently dedicated to irrigated crops worldwide. These crops account for only 23% of the farmed area, providing 45 percent of the overall food output. To meet the world's food demand is 2050, global production must increase by 70%. This anticipated rise in global food production necessitates the expansion of agricultural land or the intensification of output on presently farmed land. In low-production scenarios, a 53 percent increase in water consumption and a 38 percent increase in the agricultural area globally would be necessary to meet the 2050 food demand target. However, technological advancements provide the essential components to meet these problems and contribute to improved agricultural sustainability, both resource depletion and socioeconomic and environmental factors.

The greenhouse sector continuously develops new techniques and technology to address specific crop restrictions, minimize the environmental effect, and respond to changing market demands. As a result, soilless crops; comprehensive control of the factors that make up the microclimate inside the greenhouse; the development of vertical agroecosystems that can be located in urban areas; and the development of specific environmentally sustainable solutions for supplying food are all possibilities. Manufacturing of greenhouses using renewable energy; development of novel materials and architectures. All of these things and others are now achievable, and a growing inclination towards adopting new technology is acting as a prime factor for market growth.

The high cost of greenhouse film and insufficient education about the technology are hurdling the market's growth.

Greenhouses are often used to grow horticultural crops when the weather is unfavorable to plant growth. Greenhouse film use is limited, mainly in developing nations, because of the expensive cost of installation. For instance, one of the most common greenhouses covering materials is glass, requiring costly and long-lasting structural systems. Although the market for greenhouse films has significant potential in developing countries, the high cost of greenhouse films lowers their affordability. As a result, expensive greenhouse investment, particularly in developing nations, is a significant hurdle to market expansion.

Furthermore, a lack of understanding about the advantages of greenhouses is expected to restrain the market growth to a certain extent. Most people are unaware of the benefits of greenhouse farming. Hence there is little demand for it in most areas. Government institutions and other relevant authorities should raise awareness among farmers about the advantages of greenhouse farming.

COVID-19 Impact Analysis

COVID-19 has had a significant economic influence on several financial and industrial sectors, including travel and tourism, manufacturing, and agriculture. For instance, in India, despite the pandemic, the agriculture sector experienced good growth (3.4 percent in FY 2020–21 Quarter 1: April to June), but it was smaller than its immediate before quarter growth (5.9% in FY 2019–20 Quarter 4: January to March), which saw a 2.5 percent fall due to the impact of COVID-19. Although attributed to a good crop harvest and a relaxation in agriculture-related activity during the lockdown, agriculture's positive growth in the first quarter (FY 2020–21) did not result in a significant gain in farm revenue. However, it did register 2.3 percent inflation.

Furthermore, economists predict that the Chinese economy is further harmed by diminished global demand for its products due to the outbreak's impact on foreign economies. As the pandemic worsens, the growth rate will decline precipitously, owing to uncertain markets and rising credit stress. According to preliminary data, China's economy has been impacted far worse than expected, though a slight recovery has begun. Thus, the market is regaining momentum and is expected to achieve the required demand spike in the forecast period, further accelerating the market share for greenhouse films.

Segment Analysis

The global greenhouse film market is bifurcated on thickness, width, resin type, application, and region.

Lightweight, transparency, and excellent mechanical property of low-density polyethylene (LDPE) films are the essential characteristics that have contributed to the segment's market growth.

The global greenhouse film market is segmented into low-density polyethylene, linear low-density polyethylene, ethylene-vinyl acetate based on resin type. Out of the mentioned applications, low-density polyethylene is widely used compared to other resins available in the market. In southern European countries, low-density polyethylene (LDPE) films have expanded dramatically as a greenhouse covering materials. Research into these plastic films is essential to develop technical recommendations for a reliable greenhouse and covering design, make more effective use of the film, and extend the useful lifetime of LDPE films. Low-density polyethylene (LDPE) is a typical use for agricultural greenhouse covers, and it is one of the most extensively used materials in plasticulture. Its lightness and transparency are two essential characteristics contributing to its success. Generally, the erosion of the greenhouse LDPE film by temperature, water, sand particles, wind, and humidity leads to extreme lifetime limits. However, solar irradiation, temperature, humidity, rain, wind loads, and pollution impact LDPE greenhouse covers' aging and mechanical properties.

Source: DataM Intelligence Analysis (2021)

Geographical Analysis

The advancement of greenhouse culture in countries like India, China, South Korea, and Japan has created a significant demand for nursery films in the Asia-Pacific (APAC) region.

Over the projected period, the Asia-Pacific region is expected to dominate the greenhouse film market. The advancement of greenhouse culture in countries like India, China, South Korea, and Japan has created a significant demand for nursery films in the Asia-Pacific (APAC) region. The expanding importance of raising the productivity per field can only be accomplished by achieving greenhouse preserved farming; owing to a specific factor Asia-Pacific (APAC) projects a strategic market base for the greenhouse film industry. Furthermore, the market for greenhouse films is being driven by the growing population in the Asia-Pacific region. It has raised food demand and downward pressure on agricultural yields. China is the region's largest producer and consumer of greenhouse films. India's economy is dependent on agriculture. Crops grown in greenhouses in Japan fulfill the need for vegetables and flowers.

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

The greenhouse film market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth include POLIFILM, RKW Group, Essen Multipack, Ginegar Plastic Products Ltd., PLASTIKA KRITIS S.A., Armando Alvarez Group, EIFFEL SPA, FVG Folien-Vertriebs GmbH, A.A.Politiv, AGRIPOLYANE, Agriplast Tech India Pvt. Ltd and others.    

The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the growth of the IoT in the Education market globally.  

  • For instance, in June 2017, Ginegar Plastic Products Ltd announced the purchase of Flextech, a producer of plastic films for agriculture, wind energy, automotive, manufacturing plants, shipbuilding, and packaging, for USD 7.8 million.

Plastika Kritis S. A

Overview: The company is a growing manufacturer of masterbatches and agricultural films in Europe. Masterbatches, agricultural films, geomembranes, recycled plastics, and polyethylene pipes are among the company's specialties. It caters to the plastics sector, the horticultural and agricultural markets, and water management and environmental protection initiatives. It has a global footprint with production sites in France, Romania, Poland, Russia, Turkey, and China.

Product Portfolio: The company has a product portfolio of greenhouse film that includes:

  • KRITIFIL New 7-layer greenhouse films: PLASTIKA KRITIS has developed EVO AC, a range of films with very long-lasting anti-drip and anti-mist activity, by combining 7-layer technology with a new system for avoiding the formation of droplets on the surface of a greenhouse film while also preventing the mist that is sometimes created in greenhouses covered with anti-dripping films.

Key Development

  • For instance, in June 2017, EVO AC films were created by Plastika Kritis. These EVO AC films have 8 layers and are based on nanomaterials for the longest-lasting anti-dripping effect. These films are projected to operate better than other films with chemicals that migrate to their surface and degrade with time, typically within 1-2 years.

Why Purchase the Report?

  • Visualize the greenhouse film market segmentation by thickness, width, resin type, application, highlighting vital commercial assets and players
  • Identify commercial opportunities in the greenhouse film market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of greenhouse film market-level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for the critical product of all major market players

The global greenhouse film market report would provide approximately 69 market data tables, 70 figures, and 290 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Specialty Films Manufacturers

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