Market Size of North America Agricultural Films Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 1.24 Billion |
Market Size (2029) | USD 1.68 Billion |
CAGR (2024 - 2029) | 6.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Agricultural Films Market Analysis
The North America Agricultural Films Market size is estimated at USD 1.24 billion in 2024, and is expected to reach USD 1.68 billion by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).
Agricultural films are the materials that are used extensively for soil protection, greenhouse farming, and mulching. The benefits derived include reduced soil erosion and compaction, temperature control, nutrient conservation, seed germination, weed control and protection against UV rays, etc. The popularity of greenhouse agriculture helps the market to retain high growth. Product innovations, like ultraviolet (UV) blocking, NIR blocking, florescent and ultra-thermic films, etc. are expected to help the market grow further over the forecast period.
North America Agricultural Films Industry Segmentation
The North American agricultural film market is segmented based on application (into the greenhouse, silage, and mulch). Out of these, mulching is leading with 40% of regional market share. By type, it is segmented into low-density polyethylene, linear low-density polyethylene, high-density polyethylene, Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA), reclaims, and other films. the report includes insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
By Type | |
Low-Density Polyethylene | |
Linear Low-Density Polyethylene | |
High-Density Polyethylene | |
Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA) | |
Reclaims | |
Other Films |
By Application | |
Greenhouse | |
Silage | |
Mulching |
Geography | ||||||
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North America Agricultural Films Market Size Summary
The North America Agricultural Films Market is poised for significant growth, driven by the increasing adoption of advanced farming techniques and the rising popularity of greenhouse agriculture. Agricultural films, which are essential for soil protection, greenhouse farming, and mulching, offer numerous benefits such as reducing soil erosion, controlling temperature, conserving nutrients, and protecting against UV rays. The market is characterized by continuous product innovations, including UV blocking, NIR blocking, fluorescent, and ultra-thermic films, which are expected to further propel its expansion. The focus on enhancing agricultural productivity to meet the demands of a growing global population is a key factor behind the commercialization of these specialty products.
In North America, the United States leads the way in adopting these advanced agricultural films, with Canada and Mexico also contributing significantly to the market's growth. The shift towards biodegradable films is a major catalyst in this mature market, aligning with consumer preferences for sustainable solutions. The presence of key industry players such as Berry Plastics, ExxonMobil Chemical, Dow Chemical, BASF SE, and Armando Alvarez Group underscores the competitive landscape of the market. As the region continues to embrace innovative agricultural practices, the demand for agricultural films is expected to rise, supporting the market's robust growth trajectory over the forecast period.
North America Agricultural Films Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force's Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Low-Density Polyethylene
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2.1.2 Linear Low-Density Polyethylene
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2.1.3 High-Density Polyethylene
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2.1.4 Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA)
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2.1.5 Reclaims
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2.1.6 Other Films
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2.2 By Application
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2.2.1 Greenhouse
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2.2.2 Silage
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2.2.3 Mulching
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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North America Agricultural Films Market Size FAQs
How big is the North America Agricultural Films Market?
The North America Agricultural Films Market size is expected to reach USD 1.24 billion in 2024 and grow at a CAGR of 6.20% to reach USD 1.68 billion by 2029.
What is the current North America Agricultural Films Market size?
In 2024, the North America Agricultural Films Market size is expected to reach USD 1.24 billion.