Greenhouse Film Market is Growing Exponentially in Order to Gain More Demand by 2025

in #greenhouse3 years ago

The report "Greenhouse Film Market by Resin Type (LDPE, LLDPE, EVA), Thickness (80 to 150 Microns, 150 to 200 Microns, More than 200 Microns), Width (4.5M, 5.5 M, 7M, 9M), and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2025", size is projected to grow from USD 6.4 billion in 2020 to USD 10.4 billion by 2025, at a CAGR of 10.3%. The global greenhouse film market is witnessing high growth on account of increased demand for greenhouse-cultivated crops and development in areas for greenhouse-protected cultivation.

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Browse 229 market data Tables and 42 Figures spread through 203 Pages and in-depth TOC on "Greenhouse Film Market”

COVID-19 Impact on the Global Greenhouse film Market

The outbreak of COVID-19 has disrupted the production of raw materials used in agriculture textiles manufacturing. Asian countries such as India, China, Japan, Singapore, and Thailand are the hubs for agriculture textiles manufacturing and are major suppliers of these raw materials. The outbreak of the novel coronavirus in Asia Pacific has affected the supply of these raw materials. For instance, China is one of the major suppliers of resins and exports a million tons of resins in the global market. The break in the supplies of raw materials has reduced the production of greenhouse film product.

150 to 200 Microns is the fastest-growing segment of the overall greenhouse film market.

150 to 200 Microns is the fastest-growing segment of the overall greenhouse film market. For optimized crop cultivation, the use of greenhouse films with a thickness of 150 to 200 microns is preferred, as they provide all necessary properties, such as controlled sunlight and UV light transmissions, anti-drop, anti-moisture, and thermicity. The use of these films is very less in Europe and North America, where snowy conditions are observed, as they might decrease light penetration inside the greenhouse tunnel.

https://www.prnewswire.com/news-releases/greenhouse-film-market-worth-8-6-billion-by-2026--exclusive-report-by-marketsandmarkets-301508785.html

APAC is the largest greenhouse film market during the forecast period.

The rising population in the APAC region is the key factor driving the market for greenhouse films. It has increased the demand for food, thereby exerting pressure on agricultural yield. China is the leading producer and consumer of greenhouse films in the region. India is an agriculture-based economy. In Japan, the demand for vegetables and flowers is being meet by crops cultivated in the greenhouse. South Korea is also one of the major markets of greenhouse films, after China and Japan.

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