Global Biodegradable Mulch Films Market.
Market Scope
Market Research Future (MRFR) reveals that the Global Biodegradable Mulch Films Market is likely to expand at a 7.6% CAGR by 2022. The contribution of biodegradable mulch films in restoring ecological balance in farming practice is observed to be the primary driver for its market. However, the lack of mechanical strength can slow down its adoption rate. But, the rise in need for organic farming practices is likely to accelerate the growth of the global biodegradable mulch films market over the evaluation period.
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Industry News
August 2019
BASF, a Germany-based chemical company and one of the largest producers in the world, is offering certified soil-biodegradable plastic for manufacturing mulch films.
Market Insights
One of the greatest advantages of biodegradable mulch films is that it can convert low fertile land into fertile land. As a result of modernization, the availability of agricultural land has become limited. The materials used in these films aid in conservation moisture and inhibit the growth of weeds, thereby making the land ready for cultivation. Hence, increase in urban population, declining soil quality, and fast-paced industrialization are factors that are likely to cast a positive impact on the market growth.
Biodegradable mulch films reduce the ecological footprint. This, is noted to boost the growth of its global market. Benefits such as maintaining soil temperature, accelerated cultivation cycle, and long term sustainability are expected to favor the market growth. Biodegradable mulch films are gaining popularity in farming practices due to its ability to enhance soil fertility by keeping nutrient supply close to the plant. In addition, mulch films cut down water intake by plants. Thus, in case in situations such as low rainfall, these films can be of great importance. Moreover, biodegradable mulch film can also streamline the process of irrigation.
However, mechanical fragility, lack of awareness about the product, and their high cost can limit the growth of the market. But, high-cash market players are making a hefty investment in modifying the films by eliminating the limitations of biodegradable mulch films that can catalyze the market growth in the foreseeable future.
Segmental Overview
The global market of biodegradable mulch films market has been segmented by biodegradable plastic and composition. By composition, the market has been segmented into Starch, Starch Blended With Polyhydroxyalkanoate (PHA), and Starch Blended With Polylactic Acid (PLA). By biodegradable plastic, the market has been segmented into Thermoplastic Starch (TPS), Controlled Degradation Masterbatches, and Thermoplastic Starch (TPS).
Regional Outlook
Regionally, the global biodegradable mulch films market has been studied across Asia-Pacific, North America, Europe, and the Rest Of The World (RoW).
The market in the Asia Pacific region is expected to grow at the highest rate in the coming years. The expansion of the population base is driving the need for increase in food production. Hence, the APAC biodegradable mulch films market is expected to generate high revenue over the review period. MRFR states that APAC market is likely to lead in the global biodegradable mulch films market. As organic farming is being practiced extensively in Europe, the increase in adoption of bio-based products is noted. MRFR states, that the Europe market is expected to gain high revenue owing to the same. In North America, lack of agricultural soil can spur the regional market growth.
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Key Players
BASF SE (Germany), RKW SE (Germany), AL-PACK Enterprises Ltd. (Canada), British Polythene Industries PLC (U.K.), Kingfa Science & Tech Co. Ltd. (China), BioBag International AS (Norway), AEP Industries Inc. (U.S.), Armando Alvarez (Spain), Novamont S.P.A. (Italy)and AB Rani Plast OY (Finland) are some of the leading players that are operating in the market.
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