Monday, 20 May 2024
Materials

Greenhouse and Mulch Film Market is expected to reach US$ 16.66 billion by 2030

Published: Thursday, 04 Jan 2024 by The Insight Partners Share on :
 
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Rising Adoption from Application Sectors Bolsters Greenhouse and Mulch Film Market Growth

According to our latest study on “Greenhouse and Mulch Film Market Forecast to 2030 – Global and Regional Share, Trends, and Growth Opportunity Analysis – by Product Type, Material, and Application,” the greenhouse and mulch film market size was valued at US$ 9.73 billion in 2022 and is expected to reach US$ 16.66 billion by 2030; it is estimated to register a CAGR of 7.0% from 2022 to 2030. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Greenhouse films are specialized sheets typically made of materials such as polyethylene, designed to cover and enclose greenhouse structures. These films create a controlled environment within the greenhouse by trapping solar radiation, regulating temperature, and protecting crops from adverse weather conditions. Greenhouse films contribute to extending the growing season, improving crop yields, and offering protection against pests. Transparent or translucent, these films facilitate the transmission of sunlight while providing insulation to maintain optimal conditions for plant growth. Mulch films contribute to water conservation by reducing evaporation, conserving soil moisture, and suppressing weed growth. These benefits are crucial for sustaining agricultural productivity on newly cultivated lands, especially in the region where water resources are limited. Thus, the adoption of mulch films has become instrumental in optimizing water usage and ensuring the efficient utilization of expanded arable areas. These factors are driving demand for the greenhouse and mulch film, thereby positively influencing the greenhouse and mulch film market.   

Greenhouse and Mulch Film Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00034166

Greenhouse films and mulch films play integral roles in modern horticulture, significantly influencing crop cultivation practices. This technology allows year-round cultivation, fostering the growth of temperature-sensitive crops such as tomatoes, peppers, and cucumbers. It also enhances crop quality and accelerates growth by providing an ideal microclimate. On the other hand, mulch films, often composed of plastic or biodegradable materials, are applied on the soil surface to conserve moisture, suppress weeds, and regulate soil temperature. In floriculture, the utilization of greenhouse and mulch films has undergone a transformative evolution, reshaping the landscape of crop cultivation with nuanced precision. Greenhouse films function as insulating barriers that harness and manipulate solar radiation. This controlled environment proves especially advantageous for temperature-sensitive floral varieties such as roses, orchids, and gerberas. By enveloping the cultivation space, these films regulate temperature, humidity, and light exposure, providing an ideal milieu for year-round production. The implications of greenhouse films extend beyond climatic control. They empower floriculturists to fine-tune irrigation schedules, optimize fertilization processes, and shield delicate blooms from adverse weather conditions. This level of control ensures not only the continuous availability of flowers but also an enhanced quality, meeting the stringent standards of the floral industry.

Additionally, mulch films are strategically placed on the soil surface to impart a spectrum of benefits. In the context of specific floral crops such as carnations, chrysanthemums, and lilies, the implementation of mulch films offers significant improvements in cultivation practices. The mulch films act as proficient moisture retainers. Greenhouse films create a controlled environment that regulates temperature, humidity, and light exposure. This controlled atmosphere proves especially beneficial for a variety of vegetables, ensuring optimal conditions for growth and development throughout the year. It enables olericulturist to extend growing seasons, protect crops from adverse weather conditions, and exercise precise control over irrigation and fertilization. Mulch films, on the other hand, find application in olericulture by serving as moisture-retaining barriers and weed suppressants. Laid on the soil surface, mulch films conserve soil moisture, reducing water evaporation and promoting water-use efficiency in the cultivation of vegetables. Thus, the growing demand from the above-mentioned application sectors drives the greenhouse and mulch film market.  

Dow Inc, Berry Global Group Inc, Cag Plastik San and Trade Ltd Sty, RKW SE, FVG Folien-Vertriebs GmbH, AA Politiv (1999) Ltd, Ginegar Plastic Products Ltd, Plastika Kritis SA, BASF SE, and Armando Alvarez SA are among the players operating in the global greenhouse and mulch film market. The market players focus on providing high-quality products to fulfill customer demand.

Impact of COVID-19 Pandemic on Greenhouse and Mulch Film Market

Before the onset of the COVID-19 pandemic, the greenhouse and mulch film market was experiencing steady growth, driven by the increasing demand across various agricultural applications. The vegetable farming sector, in particular, was a significant contributor to the rising demand for these films. The pandemic-induced disruptions in supply chains and manufacturing processes have posed challenges for the market. The implementation of lockdowns and restrictions on movement to curb the spread of the virus led to a slowdown in production activities across industries. This directly affected the demand for these films, which experienced a decline in manufacturing and sales. As these application sectors are major consumers of these films, the overall market witnessed a contraction. Moreover, the uncertainty in global economic conditions during the pandemic prompted many companies to reevaluate their budgets and investment plans. This cautious approach further contributes to a dip in the demand for these films as end users postpone or scale back projects.

However, in 2021, the economies started reviving as various industries resumed business activities. As a result, several sectors, including vegetable farming, horticulture, and floriculture, showed a recovery in demand for agricultural produce. As the global economy gradually recovers from the impact of COVID-19, the greenhouse and mulch film market is expected to rebound, driven by the resumption of stalled projects and increased demand for fruits & vegetable production.

The report includes the segmentation of the greenhouse and mulch film market as follows:

Based on product type, the greenhouse and mulch film market is bifurcated into greenhouse films and mulch films. In terms of material, the market is divided into LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and others. On the basis of application, the market is segmented into vegetable farming, horticulture, floriculture, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is sub-segmented into Brazil, Argentina, and the Rest of South & Central America. On the basis of geography, Asia Pacific emerged as the dominant player in the greenhouse and mulch film market, holding the largest share, owing to several key factors that shaped the region’s growing population along with the rising consumption of fruits and vegetables. The region promotes the practice of greenhouse and mulch film to support the growth of the agricultural sector. There is an increasing awareness and adoption of controlled environment agriculture practices. With a rising emphasis on sustainable and efficient farming methods, farmers are turning to greenhouse structures that provide precise control over environmental variables. Greenhouse structures, coupled with advanced films, offer a solution to mitigate the impact of extreme weather events, temperature fluctuations, and frost risks. As climate change introduces greater uncertainty into traditional farming practices, the adoption of greenhouse films becomes a strategic choice for farmers seeking to ensure consistent crop production and protect their investments. These factors promote the usage of greenhouse and mulch films in Asia Pacific.

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