Global Silage Films Market Size, Share, and COVID-19 Impact Analysis, By Type (LLDPE (Linear Low-Density Polyethylene), and LDPE (Low-Density Polyethylene), and Others), By Application (Grasses Silage, Corn Silage, Vegetables Silage, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Industry: Chemicals & MaterialsGlobal Silage Films Market Insights Forecasts to 2033
- The Global Silage Films Market Size was estimated at USD 1.30 Billion in 2023
- The Global Silage Films Market Size is Expected to Grow at a CAGR of around 3.48% from 2023 to 2033
- The Worldwide Silage Films Market Size is Expected to Reach USD 1.83 Billion by 2033
- Asia Pacific is expected to Grow the fastest during the forecast period.
Get more details on this report -
The Global Silage Films Market Size is expected to cross USD 1.83 Billion by 2033, growing at a CAGR of 3.48% from 2023 to 2033. The increase in government partnerships and investments in different economies has given leading players are lot of opportunities in the silage films market.
Market Overview
The sector centered on the manufacture and distribution of plastic films used in agriculture to cover and preserve silage is known as the silage films market. Animals are fed silage, which is fermented, high-moisture stored fodder. These films protect the silage from spoiling and maintain its nutritious value by forming an airtight cover around it. Silage film demand is modified by factors such as the expansion of the livestock sector, the requirement for effective fodder preservation, and improvements in film technology for increased durability and performance. The need for efficient preservation techniques like silage and the demand for animal feed have driven the growth of the silage films market. The growing need for premium forage keeping, which farmers are obtaining to preserve the nutritional value of animal feed, is one of the primary causes. Growing customer desire for food items from ethical and sustainable sources is propelling the silage film market.
Report Coverage
This research report categorizes the silage films market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the silage films market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the silage films market.
Global Silage Films Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.30 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 3.48% |
2033 Value Projection: | USD 1.83 Billion |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Type, By Application, and By Region |
Companies covered:: | Silopak, Berry Global Inc., RKW Group, DUO PLAST AG, Trioworld, IRIS Polymers, Coveris, Bialpak, Rani Group, Groupe Barbier, GABRIEL-CHEMIE GROUP, Joachim Behrens Scheessel Gmbh, BSK & Lakufol Kunststoffe GmbH, XINJIANG RIVAL TECH CO., LTD, and Others |
Pitfalls & Challenges: | Covid 19 Impact Challenges, Future, Growth and Analysis |
Get more details on this report -
Driving Factors
Innovations in biodegradable films and the growing need for efficient silage preservation are the main factors driving the silage films market. The market is driven by the increased need for sustainable farming methods, the necessity for effective fodder preservation, and developments in film technology. Growing knowledge of sustainable farming practices and the availability of biodegradable substitutes, as the agricultural sector grows more ecologically sensitive, are the factors driving the silage films market. The silage films market is being driven by the increase in demand for silage films in the livestock and animal husbandry industries.
Restraining Factors
Concerns about plastic pollution, a lack of recycling facilities, the expensive cost of environmentally suitable substitutes, a lack of farmer awareness, and the difficulties in treating contaminated agricultural films during recycling procedures are some of the problems that are restricting the silage films market.
Market Segmentation
The silage films market share is classified into type and application.
- The LLDPE (linear low-density polyethylene) segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the silage films market is divided into LLDPE (linear low-density polyethylene), LDPE (low-density polyethylene), and others. Among these, the LLDPE (linear low-density polyethylene) segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The exceptional qualities of linear low-density polyethylene (LLDPE), such as increased flexibility, resilience, and resistance to rips and punctures, make LLDPE especially useful for preserving silage.
- The grasses silage segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the silage films market is divided into grasses silage, corn silage, vegetables silage, and others. Among these, the grasses silage segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The extensive use of grass silage in animal feed, especially in dairy and beef cattle production, where preserving high-quality fodder is crucial for livestock nutrition, is what motivates the market.
Regional Segment Analysis of the Silage Films Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the silage films market over the predicted timeframe.
Get more details on this report -
North America is anticipated to hold the largest share of the silage films market over the predicted timeframe. Regional market growth in North America is mostly due to the region's expanding silage need, rising cattle production, and booming beef market. Furthermore, when any green crop that has enough water-soluble carbohydrates and the right amount of moisture can be chopped and ensiled, the region's demand and supply for silage bagging and chopping have increased in tandem with the noticeable growth in arable land crops and agricultural land.
Asia Pacific is expected to grow at the fastest CAGR growth of the silage films market during the forecast period. In addition to gradual shifts from staples to protein and other high-value foods like dairy, meat, and pork, the Asia Pacific region trend is primarily attributed to Asia's enormous and fastest-growing population, rising incomes, and expanding middle class, all of which have contributed to an increase in cereal consumption.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the silage films market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Silopak
- Berry Global Inc.
- RKW Group
- DUO PLAST AG
- Trioworld
- IRIS Polymers
- Coveris
- Bialpak
- Rani Group
- Groupe Barbier
- GABRIEL-CHEMIE GROUP
- Joachim Behrens Scheessel Gmbh
- BSK and Lakufol Kunststoffe GmbH
- XINJIANG RIVAL TECH CO., LTD
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2024, Armando Alvarez Group (AAG), a Spain-based global solutions provider with a focus on sectors including packaging, containers and agriculture, has collaborated with Irving, Texas-based ExxonMobil Corp. to develop silo bags primarily made with polyethylene (PE) resin the companies say improves their recyclability in locations where film is accepted.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the silage films market based on the below-mentioned segments:
Global Silage Films Market, By Type
- LLDPE (Linear Low-Density Polyethylene)
- LDPE (Low-Density Polyethylene)
- Others
Global Silage Films Market, By Application
- Grasses Silage
- Corn Silage
- Vegetables Silage
- Others
Global Silage Films Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
-
1. What is the CAGR of the silage films market over the forecast period?The silage films market is projected to expand at a CAGR of 3.48% during the forecast period.
-
2. What is the market size of the silage films market?The Global Silage Films Market Size is Expected to Grow from USD 1.30 Billion in 2023 to USD 1.83 Billion by 2033, at a CAGR of 3.48% during the forecast period 2023-2033.
-
3. Which region holds the largest share of the silage films market?North America is anticipated to hold the largest share of the silage films market over the predicted timeframe.
Need help to buy this report?