Greenhouse Films Market to Rise at 8.25% CAGR due to Growing Demand for Greenhouse Technology in Agriculture

Pune, India, December 11, 2020 /MRFR Press Release/- Market Research Future published a cooked research report on Global Greenhouse Films Market.

Market Overview

The global greenhouse films market, during the forecast period 2022 to 2030, will register growth at a CAGR of 8.25%. The market for greenhouse films is set to reach US$6.6 billion by 2030. As per greenhouse films market analysts, the global market is anticipated to witness growth owing to the factors such as exploding population growth as well as the adoption of controlled agriculture. However, the market will face challenges and restraints due to huge spending required for greenhouse and complex labor and temperature maintenance during the forecast period 2022 to 2030.

The accelerated demand for effective agricultural products in the market is set to play a key role in determining the growth potential from 2022 to 2030 years. Analysts have also studied the greenhouse films market to understand potential threats and challenge the greenhouse films market companies could face. Although the greenhouse films market is poised to grow at a fast pace across resin type, thickness, and application segments, factors such as considerable spending requirements could slow down the greenhouse films market's growth worldwide.

Market Segmentation

The market has been segmented into resin type, thickness, and application. Based on the segment which is resin type, the market is categorized on the basis of LDPE, EBA, EVA, HDPE, LLDPE, PC, and PVC. The global market for greenhouse films is further segmented based on thickness into <200 microns, 200 microns, and >200 microns. Furthermore, the market, on the basis of application is segmented into vegetables, flowers & ornamentals, fruits, and others.

The global market research report covers all the aspects of the market based on the segmental analysis of these resin type, thickness, and application segments. Analysts have also studied the global greenhouse films market's regional markets spread across many continents and countries. The resin type, thickness, and application segments along with their sub-segments have been analyzed and companies functioning in the greenhouse films market across these segments are profiled and analyzed based on input and feedback from greenhouse films market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.

Regional Overview

The lack of knowledge about benefits may hinder the market growth. The market research report suggests that companies in the market could be supported by rising food demand around the world as well as the growing population and the rising food demand during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional greenhouse films markets will dominate the global market for greenhouse films during the forecast period 2018 and 2023. As per greenhouse films market analysts, the market is set to witness tremendous growth across LDPE and LLDPE segments in North America which covers greenhouse films markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report. 

The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the greenhouse films market research report covers the Asia-Pacific region covering greenhouse films markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The greenhouse films market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Greenhouse films has seen increased demand over the years, due to advanced technologies like greenhouses and greenhouse films are witnessing massive demand. Companies functioning in the global greenhouse films market are also being challenged due to lack of initiatives by the government and lower awareness levels among people. Mergers and acquisitions by greenhouse films market companies are anticipated to help the market during the forecast period 2018 and 2023. As the greenhouse films market is set to register a high CAGR of 8.25% and is also anticipated to reach a US$6,408.2 million by 2023, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and greenhouse films market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by greenhouse films market companies are anticipated to help the market during the forecast period 2018 and 2023. 

Industry News

Greenhouse Tech, leader in recruitment, today announced the purchase of the cloud-based software firm Parklet from San Francisco. Greenhouse and Parklet have been recognised as industry pioneers and innovators in recruitment and on-boarding, and create resources for individuals to establish big businesses. Greenhouse revealed its integration with Parklet earlier in 2015. The link between recruitment and boarding has been well-attained and the blended approach has been adopted by more than 20 high-culture businesses. Pinterest and Sony Entertainment are part of the joint clients.

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