The Latest Greenhouse Films Industry Statistics Explained
The global greenhouse film market size was estimated at USD 4.15 billion in 2020.
The statistic that the global greenhouse film market was estimated to be worth USD 4.15 billion in 2020 represents the total value of sales for plastic films specifically designed for use in greenhouse structures worldwide during that year. This figure encapsulates the economic significance of the greenhouse film industry and highlights the substantial demand and investment in technologies and materials to support agriculture and horticulture practices. The market size estimation provides valuable insights into the scale and growth potential of the greenhouse film sector, indicating a sizable market opportunity for manufacturers and suppliers operating within this industry.
The Asia Pacific dominated the greenhouse film industry with a share of 31.1% in 2020.
The statistic indicates that the Asia Pacific region held a significant lead in the greenhouse film industry in 2020, accounting for 31.1% of the total market share. This suggests that a substantial portion of greenhouse film production, consumption, or both activities were concentrated in countries within the Asia Pacific region during that year. Factors contributing to this dominance could include the presence of key players in the industry, favorable market conditions, technological advancements, or strong demand for greenhouse films within the region. Overall, this statistic highlights the prominence of the Asia Pacific region in driving the greenhouse film industry’s growth and development in 2020.
The global greenhouse film market is expected to grow at a compound annual growth rate of 10.6% from 2021 to 2028.
This statistic means that the global greenhouse film market is projected to experience a consistent annual growth rate of 10.6% from the year 2021 through 2028. This growth rate indicates a strong upward trend in the demand for greenhouse films used in agricultural practices. Factors such as increasing adoption of greenhouse farming techniques, rising awareness of climate change impacts on agriculture, and advancements in greenhouse film technology likely contribute to this growth projection. Businesses operating in the greenhouse film market can anticipate a significant expansion in opportunities and market size during this period if the predicted growth rate is realized.
The Middle East and Africa are expected to witness significant growth (12.0% CAGR) in the greenhouse film industry from 2021 to 2028.
This statistic indicates that the greenhouse film industry in the Middle East and Africa is projected to experience notable growth with a Compound Annual Growth Rate (CAGR) of 12.0% from 2021 to 2028. This suggests that the demand for greenhouse films, which are essential for protecting and maintaining optimal conditions for plant growth in controlled environments, is expected to rise substantially in these regions over the specified time period. The growth can be attributed to various factors such as increasing adoption of greenhouse cultivation practices, rising awareness of sustainable agricultural practices, and favorable government initiatives supporting agricultural development. Overall, this data highlights the potential for significant expansion and opportunities within the greenhouse film industry in the Middle East and Africa in the coming years.
The demand for greenhouse films in North America is expected to rise at a CAGR of 11.2% from 2021 to 2028.
This statistic indicates that the demand for greenhouse films in North America is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 11.2% over the period from 2021 to 2028. This means that on average, the demand for greenhouse films is expected to increase by 11.2% each year during this time frame. A CAGR is a useful measure for analyzing the performance of an industry or market over multiple years, as it provides a smoothed annual growth rate that accounts for compounding effects. The forecasted CAGR of 11.2% suggests a significant expansion in the market for greenhouse films in North America, likely driven by factors such as increasing adoption of greenhouse technology in agriculture, growing concerns about sustainability, and the need for efficient food production methods.
High-density polyethylene held the leading market share of 42.7% in 2020 in the greenhouse film industry.
This statistic indicates that high-density polyethylene (HDPE) dominated the greenhouse film industry in 2020, holding the largest market share of 42.7%. This suggests that HDPE, a type of plastic known for its strength, durability, and flexibility, was the most widely used material for manufacturing greenhouse films during that year. The high market share of HDPE implies that it was preferred by greenhouse film manufacturers and users due to its favorable properties and cost-effectiveness compared to other materials. Overall, this statistic highlights the significant presence and importance of HDPE in the greenhouse film industry in 2020.
By 2028, Asia’s greenhouse film market is expected to be worth $2.96 billion.
This statistic suggests that Asia’s greenhouse film market is projected to have a market value of $2.96 billion by the year 2028. This indicates a significant growth potential in the market for greenhouse films in the region over the next few years. Factors such as increasing awareness about the benefits of greenhouse farming, technological advancements in greenhouse film manufacturing, and the rising demand for sustainable agricultural practices could be driving this growth. The forecasted value of $2.96 billion reflects the anticipated economic value of greenhouse films that will be produced and sold in the Asian market by the year 2028, highlighting the potential opportunities for investors, manufacturers, and stakeholders in this industry.
Europe’s greenhouse film market accounted for $811.6 million revenue in 2020.
The statistic indicates that Europe’s greenhouse film market generated a total revenue of $811.6 million in the year 2020. This figure represents the combined sales and income generated from the production, distribution, and sales of greenhouse films within Europe during that year. The market for greenhouse films includes various types of plastic films used in agricultural practices to create a controlled environment for plant growth. The revenue figure provides insight into the size and economic significance of the greenhouse film industry in Europe, highlighting the demand and value associated with such products in the region.
Low-density polyethylene is predicted to have the highest CAGR of 11.3% in the greenhouse film market by 2028.
This statistic indicates that low-density polyethylene, a type of plastic commonly used in greenhouse film production, is expected to experience the highest Compound Annual Growth Rate (CAGR) of 11.3% within the greenhouse film market by the year 2028. This prediction suggests that the demand for greenhouse films made from low-density polyethylene is likely to significantly increase over the forecasted period, outpacing the growth rates of other materials within the market. Factors driving this projected growth could include the material’s physical properties, cost-effectiveness, and suitability for greenhouse applications, all of which contribute to its attractiveness to consumers and manufacturers seeking durable and reliable solutions for crop protection and cultivation.
The greenhouse films market in Latin America was valued at $315.5 million in 2020.
The statistic indicates that the greenhouse films market in Latin America generated a total revenue of $315.5 million in the year 2020. This figure represents the monetary value of all sales and transactions related to greenhouse films within the Latin American region during that year. The market size provides insights into the scale and economic significance of the greenhouse films industry in Latin America, reflecting the demand for these products for agricultural purposes, such as enhancing crop growth and protection. This information is crucial for industry stakeholders, policymakers, and investors to understand the market dynamics and trends in the region.
The popularity of organic food is increasing the demand for greenhouse films, with the hydroponics segment estimated to expand at a CAGR of 11.7% from 2021 to 2028.
This statistic highlights an emerging trend in the agriculture industry, specifically in the demand for greenhouse films driven by the increasing popularity of organic food production methods. The emphasis on organic food has led to a growing interest in hydroponic farming, a method that relies on water instead of soil for plant growth. The estimated compound annual growth rate (CAGR) of 11.7% from 2021 to 2028 for the hydroponics segment indicates a significant increase in the use of greenhouse films in this particular farming practice. This growth is likely fueled by the benefits of greenhouse films in providing a controlled environment for plant growth, optimizing resource efficiency, and maximizing crop yields in hydroponic systems.
The annual volume of greenhouse film market was over 8.3 million tons in 2020.
The statistic “The annual volume of greenhouse film market was over 8.3 million tons in 2020” indicates the total quantity of greenhouse film products, which are used in agriculture for creating greenhouse structures for crop production and protection, sold or produced in the market in 2020 globally or within a specified region. The large volume of 8.3 million tons reflects a significant demand for greenhouse films, suggesting a growing trend in agricultural practices that rely on greenhouse technology for enhancing crop productivity, extending growing seasons, and protecting plants from adverse weather conditions. This statistic provides valuable insights into the scale of the greenhouse film industry and its importance in modern agriculture.
The food & vegetables application dominated the greenhouse film market in 2020 with a 56.2% share.
In 2020, the greenhouse film market was primarily led by the food and vegetable application, which accounted for a dominant share of 56.2%. This statistic indicates that the use of greenhouse films in growing food and vegetables such as fruits, vegetables, and herbs was the most prominent sector within the industry during that year. The high market share suggests that food and vegetable producers extensively utilized greenhouse films for various purposes, including protecting crops from harsh environmental conditions, regulating temperature and humidity levels, and enhancing crop yields. This dominance signifies the importance and significance of greenhouse films in the agriculture sector, particularly for the cultivation of food and vegetable crops.
The global greenhouse film industry is highly competitive with major players including Ginegar Plastic Products Ltd., and Plastika Kritis S.A.
The statistic indicates that the global greenhouse film industry is characterized by intense competition among key players such as Ginegar Plastic Products Ltd. and Plastika Kritis S.A. This competitive landscape suggests that market dominance and profitability within the industry are heavily contested, driving innovation, efficiency, and marketing strategies among these major players. The presence of well-established companies like Ginegar Plastic Products Ltd. and Plastika Kritis S.A. underscores the level of expertise and resources required to succeed in this sector, fostering a dynamic and challenging business environment. Additionally, the competitive nature of the industry may lead to a focus on product differentiation, quality improvement, and customer satisfaction efforts in order to maintain or gain market share.
The greenhouse film market is expected to reach USD 8.74 billion by 2028.
The statistic “The greenhouse film market is expected to reach USD 8.74 billion by 2028” indicates the projected total value of the greenhouse film market in terms of revenue by the year 2028. This statistic suggests that there is anticipated growth in the greenhouse film industry over the coming years, with an estimated market size of USD 8.74 billion. Factors such as increasing demand for agricultural products, advancements in greenhouse technologies, and a growing awareness of sustainable farming practices may contribute to the expansion of the greenhouse film market. This projection serves as a valuable insight for stakeholders in the industry, informing strategic decision-making, investment opportunities, and market trends analysis.
The EVA/LDPE resin type accounted for a 37.2% share of the greenhouse film market in 2020.
This statistic indicates that in 2020, the EVA/LDPE resin type, a specific type of material used to manufacture greenhouse films, held a significant market share of 37.2%. This suggests that a significant portion of greenhouse films sold in 2020 were made using EVA/LDPE resin. This information is important for understanding the preferences of greenhouse film manufacturers and users, as well as the overall market trends in the agricultural sector. The dominance of EVA/LDPE resin type in the greenhouse film market may be attributed to its specific characteristics, such as durability, cost-effectiveness, or other performance attributes that are valued by consumers in the industry.
The increasing government usage of public-private partnerships is a potential factor for the global greenhouse film industry’s growth.
The statistic suggests that the rising trend of governments engaging in public-private partnerships could have a positive impact on the growth of the global greenhouse film industry. Public-private partnerships involve collaboration between the public sector (government) and private sector companies to jointly fund and implement projects. In the context of the greenhouse film industry, increased government involvement through these partnerships could bring in additional resources, expertise, and funding to drive innovation, research, and development in the sector. This collaboration can lead to more sustainable practices, technological advancements, and expansion of greenhouse film applications, ultimately contributing to the growth and advancement of the industry on a global scale.
The alcohol market was the second-largest segment in the greenhouse film market by application in 2020, holding a 25.4% share.
This statistic indicates that in 2020, the alcohol market held the second-largest share within the greenhouse film market based on application. Specifically, this market segment accounted for 25.4% of the total market share, highlighting its significance and influence within the industry. The fact that the alcohol market was the second-largest segment suggests that there are other significant players in the greenhouse film market as well. This information is valuable for market analysis and understanding the distribution of market shares among different application sectors within the greenhouse film industry.
Manufacturers are leaning towards producing recyclable films due to growing environmental concerns, reflecting a significant trend in the greenhouse film industry.
The statistic indicates a notable shift in the greenhouse film industry where manufacturers are increasingly opting to produce recyclable films in response to rising environmental awareness and concerns. This change demonstrates a significant trend towards sustainability and environmental responsibility within the industry. By moving towards recyclable films, manufacturers are not only reflecting a proactive approach in addressing environmental issues such as plastic waste management and reducing the carbon footprint, but also aligning their products with consumer preferences for eco-friendly options. This strategic shift in production practices highlights a growing recognition of the importance of environmental sustainability in the greenhouse film industry, reflecting a broader global trend towards more environmentally conscious business practices.
The industry is predicted to see expansion due to rising food demand, technological advancement in farming practices, and shorter replacement cycle of films.
This statistic suggests that the industry, likely the agricultural or food production industry, is expected to experience growth in the future. The expansion is anticipated to be driven by multiple factors, including increasing global food demand due to population growth and changing dietary preferences, advancements in technology within farming practices that improve efficiency and output, and the trend towards shorter replacement cycles of films, which could indicate a more dynamic and innovative market environment. Overall, these factors point towards a positive outlook for the industry, with potential opportunities for business growth and development in the coming years.
References
0. – https://www.www.grandviewresearch.com
