Plastic bung | global agricultural plastic film market is growing fast
Transparency Market Research according to the well-known research institutions predict that global agricultural plastic film market will be increased from $ 5.87 billion in 2012 to 2019 of $ 9.66 billion, compound annual growth rate of 7.6%. China is now the world's largest producer of agricultural film, there are many manufacturers involved.
Global agricultural plastic film market is growing fast
This copies Shang Friday released of research report pointed out that, increasingly shortage of land resources and constantly increased of food needs makes agricultural film more by people favored, because it can up to accelerated agricultural [4.91% funds Institute reported] efficiency of role, but due to its raw materials and high of processing cost, agricultural film of disadvantage also obvious, so in future can degradation sex agricultural film will will became market of mainstream.
In 2012, China is the world's largest consumer of agricultural film, 61% per cent of the global market, increasing food demand and high and new agriculture technology to promote the industry as a whole, report predicts that China will spend the next 6 years 7.6% of year compound annual growth rate, as the world's fastest-growing State.
Currently fully biodegradable plastics production capacity of about 100,000 tons, kingfa [-2.89% fund research] (600143. SH) company has 30,000 tonnes of production. Fully degradable film prices are 1.6 times times the ordinary plastic film, the company fully degradable only 20%-30% sold to domestic, mainly for high-value cash crops such as tobacco and used by tobacco company after purchase for distribution to farmers.
In addition, xinfu pharmaceutical (002019. SZ), yangnong chemical [2.46% funds research report] (600486. SH), hisun pharmaceutical industry [-2.69% fund research] (600267. SH), Guofeng plastic industry [-0.52% fund research] (000859. SH) companies such as biodegradable plastics business. Among them, the main agricultural films and geomembrane Guofeng plastic industry, including polyethylene mulch, anti-aging drain three-layer co-extruded polyethylene greenhouse film, polyethylene geomembrane, Guofeng plastic film products have the largest production capacity, fastest speed, wide at the widest, lowest energy consumption, highest technical content and many of the first in the country.