Mulch Film Penetration Increases in Agriculture, Demand to Quadruple in Next Ten Years to 4 Million Ton :Fact.MR
NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global agricultural films market is poised to grow at a CAGR of 6% between 2021 and 2031. Fact.MR predicts the overall sales to hit US$ 10 Bn by the end of 2021. Agricultural films sold for manufacturing silo bags will total US$ 6.5 bn by 2021.
- It also highlights strategies adopted by vendors to increase sales in the agricultural films market.
- According to the study, the global agricultural films market registered a CAGR of 3.5% during its historical period of 2016 to 2020.
- The rising demand in the U.S., Japan, India, and China will continue presenting growth opportunities.
- Companies operating in the global agricultural films market are focusing on product launches and expanding their footprint in developing regions.