Silage Film Market Size

Silage Film Market size was valued at USD 2.11 Billion in 2023 and is projected to exceed USD 4.12 Billion by the end of 2036, expanding at over 5.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of silage film is evaluated at USD 2.21 Billion. The growth of the market can be attributed to the skyrocketing livestock population across the globe. For instance, the number estimated for cattle in 2018 was nearly 950 million head which was projected to reach approximately 1000 million head in 2022 across the globe. The increasing population across the world rises the demand for dairy and dairy products, thus resulting in the growth of the market.

Global silage film market trend such as the growing need for permanent pasture is projected to influence the growth of the market positively over the forecast period. As of 2022, only 250,000 hectares of land were being used as permanent pastures in the UK which is expected to witness a decrease over the decade. Silage films are highly utilized by farmers to preserve maize, silage, and hay.