What is Silage Films Market Scope?
The silage film market is expected to grow in the future due to growth in the agricultural industry in both developed and developing regions. It is an agricultural film used for the protection and storage of silage, hay, and maize. Silage films maintain the nutritional value of forage and inhibit undesirable fermentation processes and reduce the risk of forage getting spoiled during bad weather.
The Silage Films market study is being classified by Type (LLDPE (Linear Low-Density Polyethylene), LDPE (Low-density Polyethylene), EVA (Ethylene-vinyl Acetate) and HDPE (High-density Polyethylene)), by Application (Corn Silage, Vegetables Silage, Grasses Silage and Other) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Silage Films market throughout the predicted period.
The Dow Chemical Company (United States), Trioplast Industrier AB (Sweden), BASF SE (Germany), Berry Global (United States), The RKW Group (Germany), Kuraray (Japan), Grupo Armando Alvarez (Spain), RPC Group (United Kingdom), Ab Rani Plast Oy (Finland) and Coveris (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Plastika Kritis S.A. (Greece).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Silage Films market by Type, Application and Region.
On the basis of geography, the market of Silage Films has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Jan 2019, Rani Plast is modernizing its machinery by investing in a new line for stretch film. The machine will mainly produce bale wrap films for the agricultural sector.
Influencing Market Trend
- Upsurging Use of Biodegradable Film in Developed Regions
Market Drivers
- The rising number of animal husbandries and growth in the agricultural industry is driving the silage films market. Along with this to maintain the nutritional value of forage plants and reduces the risk of forage getting spoiled during bad weather is attracting the buyers in huge amounts.
Opportunities
- Growth in Dairy and Agricultural Industry in Developing Countries
- Increasing Number of Innovations related to Silage Films
Restraints
- High Cost of Installation
Challenges
- Adverse Effects of Plastics on the Environment
Key Target Audience
Manufacturers of Agricultural Films, Suppliers of Agricultural Films, Raw Material Suppliers, Investment Banks and Government Bodies
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