Agricultural Films Market to cross USD 17.5 billion by

Selbyville, Delaware, Oct. 17, 2022 (GLOBE NEWSWIRE) — According to a new research report by Global Market Insights Inc., the global Agricultural Films Market is anticipated to be worth more than USD 17.5 billion by 2030.

Growing emphasis on promoting the utilization of biodegradable agricultural films as a major factor positively influencing the agricultural films industry growth. European Bioplastics in the Bioplastics Industry Outlook 2021 predicted the worldwide bioplastics production capacity to reach 7.5 million tons in 2026 from nearly 2.4 million tons in 2021. Compostable agricultural films offer a range of environmental benefits over their plastic counterparts. The production of these films requires less carbon, reduces pollution levels in soil, groundwater, and air, and minimizes the amount of waste sent to landfills, thereby increasing their adoption through 2030.

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Superior weather and chemical resistance to push the demand for HDPE agricultural films

Agricultural films market from high-density polyethylene (HDPE) segment is poised to record more than  2.5% CAGR from 2022 to 2030. HDPE agricultural films offer improved chemical resistance with adequate vapor barriers and weathering properties, making them a preferred alternative across the farming sector. These films are slightly denser than similarly produced low-density polyethylene films, are easily recyclable, and have a high strength-to-weight ratio. The ability of HDPE film to easily blend with other additives and polymers, coupled with its budget-friendly benefits, will accelerate business growth through 2030.

Increasing efforts by leading players to increase the adoption of mulch films

Agricultural films market share from mulching applications generated revenues of over USD 4.5 billion in 2021 and is projected to register lucrative growth between 2022 and 2030.Mulch films play a critical…