Pune, India, September 2023, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Biodegradable Mulch Films Market.
Market Research Future (MRFR) has published a cooked research report on the “Biodegradable Mulch Films Market” that contains information from 2018 to 2030. The Biodegradable Mulch Films Market is estimated to register a CAGR of 7.90 % during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Biodegradable Mulch Films Market — BASF SE (US), The Dow Chemical Company (US), RKW SE (Germany), AL-PACK Enterprises Ltd. (Canada), British Polythene Industries PLC (U.K.), Kingfa Science & Tech Co. Ltd., BioBag International AS (Norway), AEP Industries Inc. (U.S.), Armando Alvarez (Spain), and Novamont S.P.A. (Italy)
The global Biodegradable Mulch Films Market is accounted to register a CAGR of 7.90 % during the forecast period and is estimated to reach USD 52.43 million by 2030.
Biodegradable mulch films are materials used in agriculture to cover the soil around plants, serving as a protective layer that helps control weed growth, retain moisture, and regulate soil temperature. Unlike traditional plastic mulch films, biodegradable mulch films are designed to break down naturally over time, reducing the need for manual removal and disposal.
The global Biodegradable Mulch Films Market has been segmented based on Biodegradable Plastic, and Composition.
The Biodegradable Mulch Films market segmentation, based on biodegradable plastic, includes thermoplastic starch (TPS), aliphatic-aromatic copolyesters (AAC), controlled degradation masterbatches. The thermoplastic starch (TPS) Biodegradable Mulch Films segment held the majority share in 2021 contributing to around ~51.20% with respect to the Biodegradable Mulch Films market revenue. This is primarily owing to the easy availability, biodegradability, renewability, and cost-effectiveness of thermoplastic starch.
The Biodegradable Mulch Films market segmentation, based on composition, includes starch, starch blended with polylactic acid (PLA), starch blended with polyhydroxyalkanoate (PHA). The starch segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The high demand for starch in the biodegradable much films market can be wide availability and low cost. Starch also degrades into harmless products when placed in contact with soil microorganisms. Additionally, it has a high amylose content, which aids in the formation of strong, flexible biodegradable mulch films. This has boosted the demand for starch biodegradable mulch film market growth.
The global Biodegradable Mulch Films Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America Biodegradable Mulch Films market accounted for USD 5.66 million in 2021 and is expected to exhibit a 23.10 % CAGR during the study period. This is attributed to technological advancements such as the development of biodegradable mulch films and increased awareness of mulch films and modern farming practices across the region. Further, the major countries studied are U.S, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Biodegradable Mulch Films market accounts for the second-largest market share due to the owing to increasing use of these films to yield crop products in large quantities and good quality, increasing investment in R&D, and support by government and rise in healthy lifestyles among the people. Europe was followed by North America owing to its growing population and eventually increasing demand for high crop yield and good quality products. Further, the Germany Biodegradable Mulch Films market held the largest market share, and the UK Biodegradable Mulch Films market was the fastest growing market in the European region
The Asia-Pacific Biodegradable Mulch Films Market is expected to grow at a CAGR of 32.10% from 2022 to 2030. This is due to the growing population, the agricultural sector is expanding to meet the growing demand for food, and farmers are becoming more aware of the benefits of biodegradable mulch film over the traditional plastic film. Furthermore, these countries are experiencing industrial growth and urbanization, which has resulted in higher consumer standards of living, resulting in increased demand for food products; this factor will also drive market share during the forecast period. Moreover, China Biodegradable Mulch Films market held the largest market share, and the India Biodegradable Mulch Films market was the fastest-growing market in the Asia-Pacific region
Key Findings of the Study
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