New York, NY 16 Jan 2020 :The global greenhouse
film market is estimated to reach USD 8.3 billion by 2026
growing at a CAGR of 9.8% during the forecast period, according to a new study
published by Polaris Market Research. The report ‘Greenhouse Film Market Share, Size,
Trends, & Industry Analysis Report, By Resin Type (Low Density
Polyethylene, Linear Low-Density Polyethylene, Polyvinyl Chloride), By Width
(4.5M, 5.5 M, 7M, 9M), By Thickness, By Application, By Regions: Segment
Forecast, 2019 – 2026’ provides an extensive analysis of
present market dynamics and predicted future trends. In 2018, the Low-Density
Polyethylene segment accounted for the highest share in the global greenhouse
film industry in terms of revenue. North America was the leading contributor to
the global market revenue in 2018.
The
increase in the population worldwide and growth in global food demand majorly
drives the market growth. The ability to produce high quality crops throughout
the year, lesser use of water for crop cultivation, improved crop quality, and
increased level of control over crop growth boost the market growth. Growing
urbanization, need to enhance agricultural yield, rising investments by
government organizations on agricultural schemes, and increasing focus on
nutritious food products and indoor farming accelerate the market growth. New
emerging markets, technological advancements in farming methods, growing demand
and area used for greenhouse protected cultivation would provide growth
opportunities in the market in the coming years.
Request for a sample of this research Report @ https://www.polarismarketresearch.com/industry-analysis/greenhouse-film-market/request-for-sample
Polyethylene
plastic is available in two different strengths; commercial grade for large
industrial applications and utility grade for personal use. Polyethylene
plastic usually lasts for a year or two. Polyvinyl Plastic is expensive,
durable offer high strength. However, the most durable greenhouse plastic is
polycarbonate plastic. It is a twin wall, polyethylene plastic that maintains
heat and humidity with the ability to last for up to a decade.
In 2018,
North America generated the highest market share in terms of revenue in the
greenhouse film industry. The growing urbanization, and rising population has
accelerated the market growth in the region. A significant rise in the demand
for organic and chemical free food products supports the market growth in the
region. The technological advancements in farming methods, and increasing need
for controlled environment for high quality crops further improves the market
growth rate. Asia-Pacific is expected to grow at the highest rate during the
forecast period owing to significant growth of population, government schemes,
and strong technical expertise in agricultural practices. Technological
advancements and established R&D institutes in China and Japan further
supports the market growth.
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The well-known companies profiled in the Greenhouse Film
market report include Polifilm Extrusion GmbH, Essen Multipack Limited, Ginegar
Plastic Products Ltd, Beijing Kingpeng International Hi-Tech Corporation, Thai
Charoen Thong Karntor Co., Ltd, Central Worldwide Co., Ltd, Berry Global Group,
Inc., The Dow Chemicals Company, Agriplast SRL, and Lumite, Inc. These
companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements
of consumers.
About Polaris Market Research
Polaris Market Research is a global market
research and consulting company. The company specializes in providing
exceptional market intelligence and in-depth business research services for our
clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
