Greenhouse Film Market: Introduction
Transparency Market Research delivers key insights on the global greenhouse film market. In terms of revenue, the global greenhouse film market is estimated to expand at a CAGR of 10.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global greenhouse film market.
The global greenhouse film market is broadly affected by several factors, including rise in usage of greenhouse film in the vegetable application segment. Rise in demand for greenhouse film in the agricultural industry is propelling the global greenhouse film market.
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Greenhouse Film Market: Dynamics
The rise in organic farming is fueling the demand for greenhouse films. Organic greenhouse production offers producer complete control over their crops. Greenhouse provide complete environment that is conductive to organic management and provide structure that facilitates traceability. Organic farming or agriculture is holistic production management system, which promote and enhance agro-ecosystem health, including biodiversity, biological cycles, and soil biological activities.
Organic farm products in the U.S. are labelled as “certified organic” in accordance with specification standard set up by the United States Department of Agriculture (USDA). An estimated 71.5 million hectares of land is used for organic farming area worldwide. The U.S. food market generated the highest amount of revenue worldwide with sale totaling Euro 40.6 Bn. Number of organic farms in France has risen from 11,401 in 2005 to 53,000 in 2020.
Increasing organic food consumption in past few years led to increase in organic farming. Greenhouse organic farming provides fresh fruit, vegetables, flowers and others plants. It provides required temperature for plant for better quality and more yield product. It is very important for cultivation of off-season fruit, flowers, vegetables and other plants. Many farmers are not any more interested in traditional farming as they suffer from financial insecurity in present times. The reason is changing climate, as they do not have opportunity to grow plants in fixed time. In 2020, 20%-25 % of people have taken initiative to do greenhouse farming. Thus, all these factors are fueling the demand for greenhouse film market during the forecast period.
Greenhouse Film Market: Prominent Regions
Based on region, the global greenhouse film market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global greenhouse film market in 2020. The region is expected to maintain its dominance during the forecast period. Asia Pacific registered higher market share in 2020, due to increase in awareness about different greenhouse films and their usage in the region.
The greenhouse film market in Europe is projected to expand at a rapid pace during the forecast period. Farmers are striving to cultivate high yielding crops in limited arable land to meet the needs of the ever-growing population. Hence, vegetables are primarily grown in greenhouses using greenhouse films, which provide the essential environment for the high yield.
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Greenhouse Film Market: Key Players
The global greenhouse film market is fragmented with the presence of a large number of players. Key players operating in the global greenhouse film market are BASF SE, The Dow Chemical Company, SABIC, Ginegar Plastic Products Ltd., RKW Group, PLASTIKA KRITIS S.A., Berry Global Inc., POLIFILM Group, FVG Folien-Vertriebs GmbH, Sichuan Bozong Greenhouse Co., Ltd, Agriplast, Vis and Son Company Ltd., GCR GROUP, ARMANDO ALVAREZ GROUP, Iris Polymers Industries Pvt Ltd., and EIFFEL S.P.A.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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