Greenhouse Film Market to Record an Exponential CAGR by 2024

Greenhouse is a structure made to grow plants and crops that require regulated temperatures. Greenhouse film is a type of agricultural film, which helps maintain controlled temperatures required by crops grown in the greenhouse. Apart from controlling the temperature and the amount of sunlight, these films also provide protection to plants against rain, wind, and snow. This provides opportunities for farmers and growers to cultivate seasonal fruits, vegetables, and flowers throughout the year. Rising demand for seasonal fruits and vegetables is expected to boost the greenhouse film market.

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The greenhouse film market can be segmented in terms of resin type and thickness. Low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinylchloride (PVC), and ethylene vinyl acetate (EVA) are the four majorly used resins in the manufacture of greenhouse film. Polyethylene resins are highly preferred, owing to their satisfactory mechanical and optical properties. Based on thickness, greenhouse films are usually available in three size ranges: 80 microns to 200 microns, 200 microns, and more than 200 microns. Demand for greenhouse film with 200 microns is expected to increase, due to its ability to protect the plants from harmful UV rays.

Rise in focus on enhancing agricultural yield is estimated to boost the global greenhouse film market. Greenhouse farming has provided lucrative opportunities for farmers and growers to cultivate seasonal fruits and vegetables throughout the year. This advantage of greenhouse farming is anticipated to propel the greenhouse market, thereby augmenting the greenhouse film market. However, short lifespan of greenhouse film compared to that of glass film and polycarbonate film is likely hamper market growth during the forecast period. LDPE, HDPE, EVA, and PVC resins are obtained from crude oil; therefore, the prices of raw materials are volatile. Hence, the greenhouse film market is estimated to be hampered during the forecast period owing to the volatility in prices of raw materials.

In terms of geography, the global greenhouse film market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The greenhouse film market is anticipated to expand significantly during the forecast period due to the increase in greenhouse farming in countries such as India, China, Japan, and South Korea. Thus, Asia Pacific is anticipated to lead the market in the next few years. Europe and North America are projected to be the next attractive markets for greenhouse film due to the rise in precision farming practices in these regions. 200 micron films are best suited for hot climatic conditions. Therefore, the demand for these films is higher in Latin America and Middle East & Africa. The greenhouse film market in Latin America is expected to expand at a steady pace during the forecast period. It would be followed by the market in Middle East & Africa.

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Greenhouse film is a fragmented market, with large number of local manufacturers operating around the world. Key players in the greenhouse film market include Polifilm Extrusion GmbH, Grupo Armando Alvarez, Ginegar Plastic Products Ltd., Plastika Kritis S.A., Essen Multipack Limited, RKW SE, Fvg Folien-Vertriebs GmbH, Eiffel Industria Materiale Plastiche S.P.A., British Polyethylene Industries Visqueen, Agripolyane, A. A. Politiv, and Agriplast SRL.

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