Global agricultural films market estimated to be worth US$7.1 bln by 2017

28-Nov-12

Agricultural films are gaining importance with the advent of high technologies in agriculture and emphasis on higher productivity per hectare. High growth in global population is one of the biggest challenges for the agriculture industry, which has led to increased focus on agricultural productivity. The major purpose of using agricultural films is high sustainable production on limited arable land. The use of agricultural films for controlled agriculture has helped in increasing the yields on the limited arable land with limited irrigation water. The three major applications of agricultural films are greenhouse, mulch, and silage. The arable land is decreasing gradually with drastic increase in urbanization. Controlled agriculture becomes important in order to utilize significant resources like water for irrigation in an optimum manner. This is consequently increasing the importance of controlled agriculture in greenhouse, high tunnel, and mulching. As per MarketsandMarkets, agricultural films is a billion dollar market which is expected to reach US$7.1 bln by 2017 at a CAGR of 6.7% from 2012 to 2017. Currently, mulch films and greenhouse films are the major application segments which are expected to boost the global market.