Global Agricultural Films Market By Application (Green House, Mulching, Silage), By Raw Material (LDPE, LLDPE, HDPE, EVA/EBA, Reclaims) Expected to Reach USD 10.5 Billion by 2020: Grand View Research, Inc
Global market for agricultural films is expected to reach USD 10.5 billion by 2020, according to a new study by Grand View Research, Inc. Increasing population and decreasing area of land available for agricultural purpose are expected to remain key driving factors for the market. Government regulations regarding use of plastic materials and impact of plastic on nature are expected to slow down the market growth. Mulching emerged as a leading application segment and accounted for 44.3% of total market volume in 2013. It was closely followed by green house, which is also expected to be fastest growing application market, growing at an estimated CAGR of 6.1% from 2014 to 2020. Silage has been relatively nascent application segment and is also expected to grow at relatively sluggish rate. View summary of this report analysis/agricultural-films-market
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