Silage Film Market Share

North American Market Forecast

North America industry is anticipated to hold largest revenue share of 28% by 2037. The growth of the market in the region can be ascribed to the significant expansion in agricultural land. For instance, as of 2019, around 50% of the agricultural land was utilized for arable land crops. Furthermore, ongoing technological advances in the region are also estimated to push the market growth in the region over the forecast period. People are getting more concerned about their health which is rising the demand for organic farms across the region.

APAC Market Analysis

The silage film market in Asia Pacific is anticipated to have significant growth over the forecast period. The rising local production of raw materials in the region decreases the dependency on other regions and the growing agricultural importance is expected to improve the growth of the market. The increasing production of UV-resistant silage films prevents damage even when the silage is left in the sun for longer periods. Silage films are used in farmlands where maize, hay, and forage are highly available and stored. It is observed that in 2019 the Asia region produced about one-third of the maize produced across the world.