Greenhouse Film Market: Current Analysis and Forecast (2021-2027)

Report Description

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The global Greenhouse Film market is likely to showcase a growth of around 8% during the forecast period. Over the years, the world witnessed a rise in population and is continuously growing creating greater demand for food. And the strain on land, which is a limited resource, has also grown. However, the growth of the population outpaced the land growth, thereby reducing the agricultural land per capita. For instance, according to the Our World in Data, the global agricultural land per capita has decreased to 0.6 hectares in 2018 compared to 1.4 hectares in 1961. This reduction in agricultural land has increased the global focus on improving crop yield, thereby increasing the interest of stakeholders to focus on unconventional methods of agriculture which can offer high yield without compromising the nutrient value. One such method is greenhouse farming. A greenhouse is a framed or inflated structure covered with a transparent or translucent material in which both floriculture and horticulture crops can be grown under controlled climate conditions. The transparent or translucent material is nothing but the greenhouse film which helps to increase and secure the yield from the effects of frost, wind, and rain. Therefore, with the increasing adoption of greenhouse farming, the demand for films would increase.

Insights Presented in the Report

“Amongst type, LDPE segment held a prominent share in the market in 2020.”

Based on type, the market is categorized into LDPE, LLDPE, EVA, and others. Among these, LDPE accounted for a significant share in the market and is expected to showcase significant growth during the forecast period. This can be attributed to the low cost of LDPE film. Further, the film provides better thickness, optical properties, and resistance to excess sunlight and the external environment. As a result of which both consumers and manufacturers focus more on LDPE base greenhouse films.

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“Amongst thickness, above 150 to 200 micron segment accounted for a considerable share in the global greenhouse film market

Based on thickness, the market is categorized into 80 to 150 micron, above 150 to 200 micron, and more than 200 microns. Among these, above 150 to 200 microns are likely to showcase robust growth during the forecast period. 150 to 200-micron films are preferred in developed nations of Europe. This range of films provides optimum benefits over others at a considerable price. UV stability for resistance to solar aging, high light transmission, high strength for harsh weather conditions, and additives to ensure good light transfusion are some of its benefits.

“Asia-Pacific to showcase significant growth in the greenhouse film market”

For a better understanding of the market adoption of Greenhouse Film, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific is likely to showcase substantial growth in the global greenhouse films market owing to the large base of the agricultural industry, growing population, and increasing awareness for healthy food.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country-level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of Greenhouse Film, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Greenhouse Film industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of Greenhouse Film through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Greenhouse Film market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and thickness. Further regional and country-level analyses were conducted to evaluate the overall adoption of Greenhouse Film globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Greenhouse Film. Further, we conducted factor analysis using dependent and independent variables such as the rising focus on improving agriculture yield and growing government focus on the agricultural sector. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Greenhouse Film industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Greenhouse Film market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Greenhouse Film across the major markets
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Greenhouse Film market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Greenhouse Film market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and thickness.

The main objective of the Greenhouse Film market study

The current & future market trends of global Greenhouse Film were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Greenhouse Film in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segment in the study include the area of type and thickness
• Defined analysis of the regulatory framework for the Greenhouse Film industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of Greenhouse Film for the major countries
• Major regions/countries analyzed in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
• Company profiles of the Greenhouse Film market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry