Market Trends of Greenhouse Film Industry
This section covers the major market trends shaping the Greenhouse Film Market according to our research experts:
LDPE Segment to Dominate the Market
- The LDPE segment stands to be the dominating segment. Factors, such as rising demand for high quality film to sustain adverse climatic conditions ,are expected to provide drive the greenhouse film market.
- LDPE has superior properties than other resin types, like better thickness, optical properties, and resistance to excess sunlight and the external environment, which are expected to drive the LDPE resin-based greenhouse film market.
- Moreover, it has greater flexibility and transparency, and it is comparitively cheaper than other polymer films. Thus, these attributes are anticipated to boost their application in the agriculture industry.
- LDPE is expected to witness demand from the greenhouse film market, owing to the containment of no plasticizers and no heavy metals, as well as it produces no toxic fumes or gases on burning.
- Asia-Pacific registered the fastest growth rate, owing to significant growth in population, technical expertise in the agriculture sector, and government participation in countries of Asia-Pacific.
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Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region stands to be the fastest growing market for greenhouse films. Factors, such as increasing greenhouse cultivations, owing to the rising need for appropriate environmental conditions, have been driving the greenhouse film requirements in the region.
- Greenhouse film offers protection to crops against the effects of frost, wind, rain, and fluctuating temperature, while ensuring high quality and faster ripening, enabling harvest of several crops in one year.
- The increasing need to enhance agricultural yield, along with a growing focus on nutritious food products and indoor farming, is expected to boost the growth of the greenhouse film industry. Yields, for example, tomatoes, lettuce, basil, and cucumbers, develop outside just during a particular period in the year. These harvests command significant expenses commercially. Greenhouse films used in greenhouse structures help in the cultivation of these crops during their off-season, thereby reducing their costs.
- Favorable government initiatives for protected agriculture are helping the growth of greenhouse films in countries, like China, India. Thailand, and Japan.
- In China, the structure of the agriculture industry has been continuously transforming, with the modern technologies prompting all-round development of farming and forestry. Thus, increasing the agriculture industry, which, in turn, is expected to drive the market for greenhouse films.
- In terms of the agriculture industry, India is the largest producer of spices, pulses, and tea, and the second largest producer of wheat, rice, fruits, and vegetables. This widens the usage of greenhouse films in the country, thus driving the market.
- ASEAN countries are one of the major contributors to the agriculture sector in the region, with countries like Malaysia, Thailand, and Indonesia contributing majorly.
- Hence, all such market trends are expected to drive the demand for greenhouse films in the region during the forecast period.
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