The North American horticulture film market is witnessing a shift towards convenience packaging, with a focus on low-cost, high-quality, and space-efficient solutions. Increased FDA regulations and the demand for environmentally friendly alternatives are also influencing the market. However, the economic slowdown in various countries, coupled with environmental concerns about materials like polyethylene and polypropylene, may impact the industry’s growth.
The global horticulture film market is on a significant growth trajectory, with a projected value of US$ 19.55 billion by 2032. In 2022, the market is estimated to be worth US$ 10.89 billion, and it is expected to maintain a strong compound annual growth rate (CAGR) of 6.20% from 2022 to 2032. Despite potential economic challenges in both developed and developing regions, the horticulture film industry continues to flourish, driven by the convenience and efficiency offered by online retailing of agriculture packaging.
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Horticulture films, primarily made of polyethylene (PE) and polypropylene (PP) materials, play a crucial role in optimizing crop yield by modifying weed growth and soil temperatures. Modern farmers increasingly demand cost-effective, high-performance, and flexible plastic sheets that can maximize limited space, leading to continuous innovation in the horticulture film market. As the industry evolves to meet these demands, convenience packaging remains a driving force, ensuring that horticulture films continue to play a vital role in modern agriculture.
The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Horticulture Film
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Horticulture Film market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Horticulture Film Market Takeaways and Projections
- The U.S. is expected to lead the North America Horticulture Film market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing a significant revenue share in the region through 2032.
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Report Benefits & Key Questions Answered
Horticulture Film Historical Market Analysis: The detailed survey by FMI, examines key factors in the Horticulture Film market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Horticulture Film market for the forecast period 2022-2032.
Horticulture Film Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Horticulture Film for the assessment period. As per the study, the demand for Horticulture Film will grow at a robust CAGR between 2022 and 2032.
Horticulture Film Market Trend Analysis: The latest study by FMI on the Horticulture Film market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Horticulture Film market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Key Segments:
By Product Type:
Mulch Films
Greenhouse Films
Ventilated Stretch Films.
By Material:
Polyethylene
Polypropylene
PVC
PLAY
Other types of plastics.
By Application:
Greenhouse Film
Silage
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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