The Europe Agriculture films market is projected to grow at a CAGR rate of 6.3% during the forecast period. Agricultural films are treated like a modern-day application used in many innovative agricultural practices. Focus on the improvement of agricultural productivity in the advent of shrinking farmland is the main reason behind the commercialization of these specialty products. Increasing popularity for greenhouse farming, the need for water conservation, and rising horticultural crop cultivation are the key reasons for the market growth in Europe.
Key Market Trends
Horticulture Industry Drives the Market
Horticulture farmers are the major stakeholders of the agriculture films market as they are primarily used for mulching vegetable and fruit crops, and also horticultural greenhouses. Horticulture holds 18% of the total value of agricultural production in the EU with vegetables, fruits, and ornamental crops. In 2017, 1.9 % of all utilized agricultural land in the EU (3.4 million hectares) was used for growing fruit crops and 1.2% to produce vegetables. It is anticipated that the growing horticulture industry in European countries boosts the agriculture films market significantly in the coming years.
Demand from Forage Industry Drives the Market
Agriculture Films are also used for packing and covering the harvested forage crop. Western European countries such as Germany, France, Spain, etc, use agriculture films extensively, where forage is cultivated in large acres for feed purposes. for instance, German Arable land fodder crops accounted for 15.4 % of the country's agricultural land and covered 2.6 million hectares The growing animal production in the region has been encouraging forage cultivation, in turn boosting the agricultural films market.
The Europe Agricultural films market is highly fragmented with many global and regional players. Ab Rani Plast Oy, Berry Global, RKW Group, Trioplast AB are some of the leading players in the region. These players are continuously expanding their operations to different regions in order to increase their revenue. they are also actively merging ar partnering with the other firms to continue their domination.
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