Agricultural Film Industry Analysis in South Asia & Oceania

Agricultural Film Sales Outlook for South Asia & Oceania (2023 to 2033)

Agricultural film sales in South Asia & Oceania are estimated at US$ 2.15 billion in 2023 and are projected to reach US$ 3.98 billion by the end of 2033. Projections by Fact.MR are that, from 2023 to 2033, demand for agricultural films in the region will rise at 6.3% CAGR.

Presence of countries with significant agricultural activity in the South Asia & Oceania region is projected to uplift sales of agricultural films in the long run. Growing focus on the adoption of sustainable agricultural practices is also projected to boost demand for biodegradable agricultural film films over the coming years. Increasing demand for food and agricultural produce from the expanding population of countries such as India and Indonesia in this region is also slated to create an opportune scenario for agricultural film suppliers going forward.

• Around 19.9% of global agricultural film sales revenue is forecasted to come from the South Asia & Oceania region by the end of 2033 and hold a volume of 1,454 KT for the same period.

Report Attributes	Details
Agricultural Film Sales in South Asia & Oceania (2023)	US$ 2.15 Billion
Projected Sales (2033F)	US$ 3.98 Billion
Demand Growth (2023 to 2033)	6.3% CAGR
Sales Volume in New Zealand (2033F)	99.8 KT
Demand Growth in India (2023 to 2033)	7.3% CAGR
Projected Sales in Indonesia (2033F)	US$ 282.9 Million
Mulch Film Demand Volume (2033F)	724 KT
Key Companies Profiled	Austpack Chemtrade Logistics Ballance Agri-Nutrients Fonterra Agrilinks International Bharat Polyplast Dhanuka Agritech Supreme Industries Ravensdown Nufarm Orica

What’s Attracting Agricultural Film Companies to South Asia & Oceania?

“Growing Adoption of Green and Sustainable Agricultural Practices”

Countries all around the world are focusing on reducing emissions in all possible ways and reducing the amount of waste generated to promote sustainability and help conserve the environment. Major economies with agriculture as their primary occupation such as India and Indonesia from the South Asia & Oceania region are also following a similar trend and promoting the use of practices such as vertical farming, greenhouses, etc. thereby boosting sales of agricultural films in the region over the next ten years and beyond.

Find more details of growth-augmenting factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for agricultural film by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

India, Australia, Thailand, and Indonesia are projected to be highly lucrative markets for agricultural film suppliers looking to make a mark in the South Asia & Oceania region across the study period and beyond.

Why is India an Unmissable Space for Agricultural Film Suppliers?

“Presence of Robust Agricultural Activity in the Country”

Attribute	India
Estimated Sales (2023)	US$ 844.6 Million
Growth Rate (2023 to 2033)	7.3% CAGR
Projected Sales (2033)	US$ 1.71 Billion

Agriculture is the primary occupation in India and accounts for around 20% of the GDP of the country. The country has arable land of more than 50% of the total land, which provides a highly opportune setting for agricultural film distributors from all over the world. Growing adoption of new agricultural practices to maximize agricultural output and feed the rapidly expanding population of the country is also estimated to boost sales of agricultural film in India over the next ten years.

• Agriplast Tech India Pvt. Ltd., a company focusing on catering to the large agriculture-practicing population of India provides mulch, clear drip films, greenhouse films, and other products that allow Indians to practice modern agricultural techniques and boost the yield of their crops.

Will Australia be a Bankable Market in the Oceania Region?

“Increasing Production of Different Crops Offering Lucrative Growth Opportunities”

Attribute	Australia
Estimated Sales (2023)	US$ 378.1 Million
Growth Rate (2023 to 2033)	6.8% CAGR
Projected Sales (2033)	US$ 731 Million

Agriculture might not be the first thing that comes to mind when someone mentions Australia and this can largely be attributed to the hot and arid conditions of the country. But despite this odd climatic situation, Australia has been a major producer of different crops such as wheat and barley in recent years and is projected to continue to hold a similar stance in the future.

As per an article published on ABC News in March 2023, Australian farmers produced food worth US$ 90 billion in the year 2022 to 2023 breaking all previous records as they had been doing for the past three years. However, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) had projected this value to drop to US$ 81 billion for 2023 to 2024 year.

Category-wise Insights

Agricultural film vendors in the South Asia & Oceania region are focusing on supplying mulch films to improve their sales potential. Providing agricultural films for silo bag manufacturing also offers attractive business scope for agricultural film companies operating in this region.

Why are Agricultural Mulch Films Highly Sought After?

“Rising Awareness Regarding Benefits of Mulch Film Use”

Attribute	Mulch
Segment Value (2023E)	US$ 1.06 Billion
Growth Rate (2023 to 2033)	6% CAGR
Projected Value (2033F)	US$ 1.91 Billion

Use of mulch films in agricultural practices allows farmers to conserve water and get a clean harvest without having to waste their produce. Agricultural mulch films have also been shown to extend the growing season for certain crops, which makes them more desirable for farmers in the South Asia & Oceania region across the study period.

Where are Most Agricultural Films Used?

“Agricultural Films Widely Used for Silo Bag Manufacturing”

Attribute	Silo Bags Manufacturing
Segment Value (2023E)	US$ 799.2 Million
Growth Rate (2023 to 2033)	6.3% CAGR
Projected Value (2033F)	US$ 1.48 Billion

Silo bags are popularly known as polyethylene bags as most of them are made from the same material and they are extensively used to store grains. Silo bags are airtight and usually don’t require any chemicals to keep insects away from the produce thereby making them a perfect choice for organic agricultural produce.

Rising demand for organic food products and growing awareness regarding the benefits of silo bags are slated to bolster the demand for agricultural films used in silo bag manufacturing going forward.

Competitive Landscape

Product innovation is projected to be of the essence for agricultural film manufacturers operating in the South Asia & Oceania region. Companies are focusing on the development of new biodegradable agricultural films to reduce agricultural waste and promote sustainability in agriculture.

• In April 2021, the Commonwealth Scientific and Industrial Research Organisation, an Australian government entity, announced that it had developed a new sprayable biodegradable polymer membrane that could help farmers improve their agricultural output by conserving water and soil health.

Segmentation of Agricultural Film Study in South Asia & Oceania

• By Type :

  • Geomembrane
  • Silage
  • Mulch
  • Greenhouse Plastic/Covering Films

• By Material :

  • Ethylene Butyl Acrylate
  • Ethylene-Vinyl Acetate
  • Low-Density Polyethylene
  • LLDPE
  • Polypropylene
  • Polyamide
  • Ethylene Vinyl-Alcohol Copolymer Resins
  • PVC
  • Others

• By Application :

  • Bale Wrapping & Ensiling
  • Silo Bags Manufacturing
  • Tunnel Covers
  • Bunker Ensiling
  • Others

• By Country :

  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia
  • New Zealand
  • Rest of South Asia & Oceania