Greenhouse Films Market Research Report - Forecast to 2030

Greenhouse Films Market Research Report: By Resin Type (LDPE, LLDPE, HDPE, PVC, PC, EVA, EBA), By Thickness (<200 Microns, 200 Microns, >200 Microns), By Application (Vegetables, Fruits, Flowers & Ornamentals, Others) - Forecast to 2030

ID: MRFR/CnM/1192-CR | December 2018 | Region: Global | 197 pages

Greenhouse Films Market Overview


Market Research Future (MRFR) expects the Greenhouse Films Market to touch USD 6,408.2 Million by 2030. MRFR also estimates that the market size could soar at a rate of 8.25% between 2022 and 2030 (assessment period).


COVID-19 Analysis


The COVID-19 outbreak has put a significant dent on the economy, with the pandemic having weakened the demand for various agricultural products worldwide. As SARS-CoV-2 cases escalate, the market’s growth rate could drop sharply in the face of volatile prices and surging credit issues. Restrictions on transportation and travel along with the extended lockdown due to the novel coronavirus have also been unfavorable for the greenhouse film industry.

Competitive Landscape


Firms Focus on R&D Activities to Introduce Innovative Products


The report offers a detailed analysis of the competitive landscape in the greenhouse films industry, profiling all the major players striving to enhance their share. Most of the players are launching new innovative products that could help them capture the interest of more end-users. They also enter into agreements, collaborations, and partnerships to leverage the combined respective expertise and gain the upper hand in the intensely competitive market.


Ginegar Plastic Products Ltd (Israel) is one of the biggest suppliers of greenhouse covering films in agricultural products. It is the leading producer of innovative cover films that have extensive agricultural applications across Israel. Ginegar also offers mulch films, agricultural films, HDPE films, barrier films, as well as bags for chemical fertilizers. The plastic films produced are based on polyethylene plastic, HDPE, LDPE, LLDPE and EVA as well as polycarbonate greenhouse.


List of Key Companies Covered in this Report



  • Ginegar Plastic Products Ltd. (Israel)

  • Lumite Inc. (U.S.)

  • RPC Group plc (U.K.)

  • Agriplast (Italy)

  • Agriplast Tech India Pvt. Ltd. (India)

  • Essen Multipack (India)

  • Beijing Kingpeng International Hi-Tech Corporation (China)

  • Central Worldwide Co. Ltd. (Thailand)

  • Vis and Son Company Limited (Thailand)

  • Thai Charoen Thong Karntor Co. Ltd. (Thailand)

  • Tuflex India


Market Dynamics


Drivers


Exploding Population and Rising Food Demand to Enhance Growth Scope


The Global Population will touch nearly 8.5 billion by the year 2030, and this number is indicative of the future rise in food demand, especially in Central Asia, Latin America, Eastern Europe and Asia. The growing population and the rising food demand put massive pressure on the agricultural industry. The accelerated demand for effective agricultural products can be met with the adoption of controlled agriculture and advanced technologies like greenhouses.


Greenhouse films are witnessing massive demand as these help foster the crop quality and also boost agricultural productivity by preventing soil erosion, enhancing soil temperature, providing nutrients, preventing surge of weeds, and more. Therefore, the mounting need to induce agricultural production will be responsible for the growth of the greenhouse films industry in the following years.


Opportunities


Technological Advances to Present Attractive Opportunities


Majority of the firms are focused on R&D activities to come up with various greenhouse film types that have appealing properties, such as NIR blocking, UV ray protection, ultra-thermic and fluorescent. UV-blocking greenhouse films protect the plants from pests and diseases. These films prevent UV rays from transmitting in the greenhouse’s interior, restricting the growth of diseases and pests. NIR blocking films, on the other hand, help curb radiation while boosting plant growth. Therefore, technological advances like drip farming, soil fumigation, and crop ventilation can create highly attractive opportunities in the global industry.


Restraints


Lower Awareness Level about the Advantages of Greenhouse Films


Greenhouse farming and greenhouse films witness extremely low demand in certain regions, given the lack of knowledge about the benefits. Lack of initiatives by the government and authorities to educate farmers about greenhouse farming further aggravates the situation, thereby restraining the market growth.


Challenges


Huge Spending Required for Greenhouse Use to be a Key Challenge


The use of greenhouse requires considerable spending on aspects like labor and temperature maintenance kit, which weakens the demand. This could be a key challenge for market firms in the years to come.


Segment Overview


LDPE and LLDPE Segments to Witness Strongest Demand


The key resin types considered are LLDPE, LDPE, PVC, HDPE, EVA, EBA and PC. LDPE along with the LLDPE is the dominant segment in the market. The LDPE segment can progress at a rate of 8.43% in the ensuing years.


<200 Microns and 200 Microns Segments take the Lead


Thickness-wise, the global industry caters to <200 microns, 200 microns, and >200 microns. The <200 microns and 200 microns segments can remain the market leaders throughout the review period.


Greenhouse Films’ Applications to be Highest in Vegetables


Some of the top applications are fruits, flowers, vegetables, ornamentals, and others. Vegetables are most likely to procure the highest position, given the substantial consumption of the same across the globe.


Regional Analysis


Asia Pacific to Claim the Leading Position


Asia Pacific is on its way to claim the leading position in the global market, with the highest demand for greenhouse films generated from Thailand, India and China. China is the world’s biggest vegetable producer and is rapidly adopting greenhouse farming in a bid to cater to the escalating demand in view of the expanding population. The heightened preference for “ayurvedic” herbs and plants in India has been quite favorable for the greenhouse films market in the region. It is expected that the Indian market for greenhouse films can record a growth rate of 8.74% over the analysis period. Greenhouse film manufacturers in India are proactively seeking new techniques to boost their market presence, encouraged by the increased government funding and the rising popularity of indoor farming. Surge in technological innovations in farming techniques, combined with the mounting awareness level among consumers could also strengthen the market position in the region.


Recent Developments



  • October 2021- ExxonMobil’s two new polyethylene (PE) grades, Exceed XP 7052 and Exceed XP 7021, provide end users and film converters benefits for applications varying from basic packaging to greenhouse agriculture. Both the products offer a mixture of fractional melt index (MI) and low density (0.911- 0.912 g/cm³) that allows films with improved bubble stability and substantially boosts output for converters. The latest polymers provide a blend of characteristics not formerly available in a single resin. Product characteristics include dart impact resistance (up to 900 gm on a 25.4-micron film), puncture energy (up to 2.3 J/mil), high elasticity levels, and holding force.
    Applications for the products involve stretch-hood films that are utilized to wrap pallet loads, films for primary packaging, collation shrink films used in consumer goods packaging, and agricultural film for greenhouse enclosures.

  • July 2021- UbiQD announced a partnership with Solvay for its UbiGro line of greenhouse films. The partnership pushed quantum dot–powered fluorescent greenhouse covers one step ahead. The quantum dots by UbiQD’s convert blue and ultraviolet light to colors, which are more photosynthetically active. UbiQD states that the film boosts greenhouse productivity by 20%. The company anticipates Solvay’s greenhouse film additive expertise to promote its film before a probable customer base.



  • December 2020 – Clover has introduced a new agronomy service for greenhouse farmers in India. The service is one aspect of the company’s business model, which aims to bolster the per acre yield in farmer’ landholding. This could help enhance the total income of the farmers. The company also aims to offer continuous access to top-quality vegetables and fruits to their consumers in Hyderabad and Bangalore.

  • December 2020 – A research team from Université de Sherbrooke (Canada) has developed a greenhouse for vegetables and fruits that can be powered completely using solar energy. It is called the VG360 greenhouse and the prototype’s internal dimensions are 3 meters by 6 meters. The researchers believe that a family of around three or four persons can use the prototype for their crops throughout the year. The greenhouse PV system has total six panels, which have power outputs of close to 165 W. 

  • 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.


Report Overview


Segmentation Table


By Resin Type



  • LDPE

  • LLDPE

  • HDPE

  • PVC

  • PC

  • EVA

  • EBA


By Thickness



  • <200 microns

  • 200 microns

  • >200 microns


By Application



  • Vegetables

  • Fruits

  • Flowers and Ornamentals

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 6,408.2 Million
  • 2030: Significant value
  •   CAGR   8.25% (2022–2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Resin Type, Thickness, Application and Region
      Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Ginegar Plastic Products Ltd. (Israel),Lumite Inc. (U.S.),RPC Group plc (U.K.),Agriplast (Italy),Agriplast Tech India Pvt. Ltd. (India),Essen Multipack (India),Beijing Kingpeng International Hi-Tech Corporation (China),Central Worldwide Co. Ltd. (Thailand),Vis and Son Company Limited (Thailand),Thai Charoen Thong Karntor Co. Ltd. (Thailand),Tuflex India
      Key Market Opportunities   Technological Advances to Present Attractive Opportunities
      Key Market Drivers   Exploding Population and Rising Food Demand to Enhance Growth Scope


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    Frequently Asked Questions (FAQ) :


    The global greenhouse films market is set to grow commendably while achieving revenues worth USD 6,408.2 MN by 2023.

    The valuation of the global greenhouse films market had reached USD 3,956.2 MN in 2017, which is expected to further appreciate at 8.25% CAGR during the assessment period (2018-2023).

    Growing food demand with the ever-increasing population.

    Asia Pacific holds the largest share in the global greenhouse films market followed by North America and Europe, respectively.

    Vis and Son Company Limited (Thailand), Ginegar Plastic Products Ltd. (Israel), RPC Group plc (U.K.), Agriplast Tech India Pvt. Ltd. (India), Essen Multipack (India), Beijing Kingpeng International Hi-Tech Corporation (China), Thai Charoen Thong Karntor Co. Ltd. (Thailand), Central Worldwide Co. Ltd. (Thailand), Lumite Inc. (U.S.), Tuflex India, UbiQD Inc., and Agriplast (Italy), are some of the major players operating in the global greenhouse films market.

    Global Greenhouse Films Market: Competitive Landscape


    In the competitive landscape, the report analyses the degree of competition among the industry players, along with the industry growth and market scenario. The global greenhouse films market is an unorganized market with the dominance of tier-3 manufacturers, who are mainly concentrated in the Asia-Pacific region in China and Thailand, hence, the regional market relies on imports to balance the gap between demand and supply. With the rising greenhouse cultivation, India is emerging as a sweet spot for manufacturers with global players establishing their production units in India. Along with film production, the manufacturers like Kingpeng, and Agriplast among others offer consulting solutions for designing and construction of greenhouse films, which helps them increase their revenue and sustain in the competitive market.


    Agriplast Tech India Pvt. Ltd, Ginegar Plastic Products Ltd, Essen Multipack, Beijing Kingpeng International Hi-tech Corporation, Central Worldwide Co., Ltd, and some other manufacturers were analyzed in this report. However, no significant developments have been noticed by these players in the global greenhouse films market in the last few years, apart from the promotion of products in agricultural expos.  Most of the players in the market are emphasizing on greenhouse consulting, along with the sales of greenhouse films. Furthermore, greater importance on manufacturing cost-effective films and emphasis on client services is prevalent among these players. However, in 2017 Ginegar Plastic Products acquired shares constituting 60% of the issued capital of Flextech. Flextech is a private company in Italy, and manufactures films used for agriculture and plastic sacks applications.