Research Nester published a report titled “Silage Film Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global silage film market in terms of market segmentation by type, film type, application, by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global silage film market is projected to grow at a CAGR of ~5% by attaining noteworthy revenue during the forecast period, i.e., 2023 – 2033. Moreover, rising silage production is anticipated to propel the growth of the market during the forecast period. For instance, around 100 million corn for silage is produced in 2021. Additionally, increasing government revenue expenditure on animal husbandry is further estimated to propel market growth over the forecast period. The central and state governments of India were estimated to spend around 145 billion Indian rupees on animal husbandry.

Additionally, by type, the global silage film market is segmented into LLDPE, LDPE, HDPE, EVA/EBA, and other. Out of these sub-segments, the HDPE segment is estimated to obtain the largest share in the market during the forecast period. The growth of the segment can be accounted to the increasing demand for high-density polyethylene. As of 2022, nearly USD 65 million metric tons of HDPE was produced globally.

Furthermore, the global silage film market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Asia Pacific region is estimated to grow at a rapid pace over the forecast period on the back of noteworthy expansion in agricultural land. Moreover, ongoing technological advances and the presence of major key players in the market are further estimated to hike the market growth over the forecast period.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Increasing Requirement for Animal Food to Foster the Growth of the Market

In the United States, approximately 5500 facilities are estimated to produce around 250 million tons of animal food annually.

Animal food such as maize, hay, and others are generally stored for a longer period, hence to prevent them from extreme weather condition, silage films becomes very important. Moreover, silage films also keep the nutritious properties of animal food for an extended period. Therefore, such a requirement is anticipated to propel the growth of the market during the forecast period.

However, the presence of alternatives in the market is expected to operate as a key restraint to the growth of the global silage film market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global silage film market which includes company profiling of The Dow Chemical Company, Coveries Management GmbH, Exxon Mobil Corporation, Groupe Barbier, BASF SE, RPC Group plc, Berry Global, Inc., Ball Corporation, RPC Group plc, Sonoco Products Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global silage film market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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