Greenhouse Film Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The greenhouse film market is expected to reach a size of $ 5.3 billion by 2023, registering a CAGR of 8.25% during the forecast period. This growth reveals a strong demand for greenhouse films, which is primarily driven by the growing demand for sustainable agricultural practices and increased crop yields, in the face of climate change and food security challenges. A number of factors are contributing to this growth, such as advancements in film technology, such as the increased resistance to ultra-violet radiation, and improvements in the thermal properties of the films. In addition, innovations such as anti-fogging and biodegradable films are gaining traction, as they cater to the increasing awareness about the environment, as well as the growing regulatory pressures. The major companies in the market are based in the US, such as Berry Global, Inc., A. Schulman, Inc., and Coveris. The other key players are A. E. Schulman & Sons (A.E.S.S. ), RKW Group, and A.E. ESS & S.A.S. In recent times, a number of companies have launched high-performance films for different crops, which demonstrate the industry’s commitment to meeting the changing agricultural needs.

Regional Market Size

Regional Deep Dive

The market for greenhouse films is growing strongly in many regions, mainly due to the growing demand for agricultural productivity and the need for sustainable farming. The market dynamics are influenced by technological developments, regulatory frameworks and cultural attitudes towards agriculture in North America, Europe, Asia-Pacific, the Middle East and Africa and Latin America. The opportunities and challenges are different in each region, and the film materials and their applications are shaping the future of greenhouses.

Europe

• The Green Deal of the European Union is promoting the sustainable use of agriculture. It is attracting new investments in the field of energy-efficient greenhouse film.
• There is a growing trend towards the use of multi-layered films that provide better insulation and UV protection, driven by consumer demand for organic produce and the need for year-round cultivation.

Asia Pacific

• Due to the lack of food, China and India have a great need for greenhouse farming. At the same time, the local manufacturers Jiangsu Wansheng and Shandong Jindun have developed low-cost greenhouse films in response to local conditions.
• Government initiatives in India, such as the Pradhan Mantri Krishi Sinchai Yojana, are promoting the use of greenhouse technology, which is expected to boost the demand for specialized greenhouse films in the region.

Latin America

• Brazil and Mexico are emerging as key players in the greenhouse films market, with local companies like Plásticos de la Costa developing innovative films that cater to the tropical climate and agricultural needs of the region.
• The increasing focus on organic farming and sustainable practices in Latin America is leading to a rise in the use of biodegradable greenhouse films, supported by government programs aimed at promoting eco-friendly agricultural practices.

North America

• The adoption of advanced greenhouse technologies, including smart sensors and climate control systems, is on the rise, with companies like Netafim and A.M.A. Horticulture leading the charge in integrating greenhouse films with IoT solutions.
• Regulatory support for sustainable agriculture practices is increasing, with initiatives from the USDA promoting the use of biodegradable greenhouse films, which are expected to reduce plastic waste and enhance environmental sustainability.

Middle East And Africa

• The Middle East is focusing on water conservation and food security, leading to increased investments in greenhouse technology, with companies like Emirates Hydroponics Farms utilizing advanced greenhouse films to optimize resource use.
• In Africa, initiatives like the African Development Bank's 'Feed Africa' strategy are encouraging the adoption of greenhouse farming, which is expected to drive demand for affordable and durable greenhouse films.

Did You Know?

“Approximately 30% of the world's food supply is lost or wasted, and the use of greenhouse films can significantly reduce this loss by extending the growing season and improving crop yields.” — FAO (Food and Agriculture Organization)

Segmental Market Size

The greenhouse film division plays a vital role in the agricultural market, with the main objective of increasing the yield of the plants and protecting them from the environment. The division is currently growing, driven by the increasing demand for sustainable agriculture and the need for food security. The increasing world population and the associated demand for increased agricultural productivity are the main reasons for this. The regulatory framework is also increasingly promoting the use of sustainable agricultural methods. The greenhouse film market is currently at the stage of mass production, and notable examples include Berry Global and Agri-Tech International. Leading in the production of advanced greenhouse films is A.E. Greenhouse Films. These films are used in horticulture, floriculture and vegetable production, where they are used to optimize light transmission and control the temperature. The trend towards sustainable farming methods and the use of fewer chemicals are also driving growth in this market. The development of technology such as anti-UV films and anti-drip coatings are influencing the evolution of this market, and are enhancing the performance and the efficiency of agricultural practices.

Future Outlook

GREENHOUSE FILM MARKET OPPORTUNITY FROM 2023 TO 2032: The greenhouse film market is expected to increase from around $ 5.3 billion to $ 10 billion, with a CAGR of 8.25%. The main growth driver is the increasing demand for sustainable agriculture and the need for enhanced crop protection in the face of climate change. The use of greenhouse films is expected to increase in developed and emerging countries with a penetration rate of over 60% in the key agricultural regions. Technological developments, such as the development of new films that are resistant to UV rays and are biodegradable, are expected to increase the demand for these films. These developments not only improve the light transmission and temperature control efficiency, but also meet the growing consumer demand for eco-friendly products. Government support for sustainable agriculture and the reduction of greenhouse gas emissions are also expected to create a favorable regulatory environment and stimulate investment in greenhouse technology. The trend of integrating smart farming and the growing popularity of vertical farming will also play a significant role in the future development of the greenhouse film market.