The Silage Films Market size was valued at USD 2.29 Billion in 2023 and the total Silage Films Market revenue is expected to grow at a CAGR of 4.80% from 2024 to 2030, reaching nearly USD 3.18 Billion.
Silage Films Market Overview:
The Silage Films Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Silage Films Market, as well as the causes for variances in the industry’s growth in various places
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Silage Films Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Silage Films Market Drivers:
The significant growth of the dairy farming sector, coupled with the increasing number of farm animals and cattle production, is driving the demand for bulk silage and baled silage to feed dairy cattle, sheep, beef cattle, and horses. In the US, cattle production represented around 18% of the overall USD 472 billion in cash receipts for agricultural commodities in 2023. As the preservation of crop quality and energy in the silo requires limited plant respiration, plant proteolytic activity, clostridial activity, and aerobic microbial activity, silage films are used. They preserve silage, hay, and corn, maintain the nutritional value of the contents, and prevent undesirable fermentation processes. Therefore, with the increasing demand for silage, its production is also expected to increase rapidly in the forecast period, leading to global silage films market growth. For instance, in 2022, Wisconsin and Minnesota produced nearly 19.8 million tons and 9.7 million tons of corn for silage, respectively.
In the silage films market, there has been a notable growing research and development activities by manufacturers. This growth is largely driven by the need to innovate and develop more effective silage solutions. Furthermore, the rise in collaborations and investments by governments across various economies has provided significant opportunities for major players in the silage films market. These partnerships and financial supports have enabled companies to grow their research capabilities and explore new technologies.
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Silage Films Market Segmentation:
by Type
Monolayer films
Multilayer films
by Material
Linear-Low-density Polyethylene (LLDPE)
Low-density-Polyethylene (LDPE)
Ethylene Vinyl Acetate (EVA)
High-density-Polyethylene (HDPE)
by Application
Corn
Grass
Vegetables
Silage Films Market Key Players: The key players are
1. Armando Alvarez Group - Spain
2. BASF SE - Germany
3. Benepak Packaging Co., Ltd. - China
4. Bernard Krone Holding SE & Co. KG - Germany
5. Berry Global Inc. - United States
6. Coveris - Austria
7. Dow - United States
8. Exxon Mobil Corporation - United States
9. Groupe Barbier - France
10. HELLAGRO - Greece
11. Kuraray Co., Ltd. - Japan
12. Plastika Kritis - Greece
13. Polifilm Group - Germany
14. RKW Group - Germany
15. SML Maschinengesellschaft mbH - Austria
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Silage Films Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Silage Films Market Report are:
1. What are the growth drivers for the Silage Films market?
2. What are the factors restraining the global market growth during the forecast period?
3. Which region is expected to lead the globalmarket during the forecast period?
4. What is the projected market size and growth rate of the Market?
5. What segments are covered in the Market report?
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