ID: MRFR/PNT/1850-HCR | February 2021 | Region: Global | 100 pages
Biodegradable mulch films market is poised to grow approximately at 7.6% CAGR during the forecast period.
The growth of biodegradable mulch films global market can be attributed to factors such as depleting arable land with growing population and increased government regulations promoting usage of bio-based products. The key players in the market are investing in R&D to develop fully bio based mulch films. The lack of availability of such mulch films and high initial cost are the major restraints to the market growth.
Asia Pacific dominated the global biodegradable mulch films market and accounted for around 60% of the market share in 2015. The rising population has increased the demand of food in the region, which in turn drives the biodegradable mulch film market.
It is followed by Europe, where the increasing adoption of bio-based products is expected to drive the market. During the forecast period, the region is expected to witness moderate growth.
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 operating in this market.
Study objectives of Biodegradable Mulch Films Global Market:
The report for Global Biodegradable Mulch Films Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Biodegradable Plastic and Composition|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||Increased government regulations promoting usage of bio-based products|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The support of improved government guidelines is projected to create prospects for the market.
The dearth of availability of these films sue to high costs is estimated to hamper the market development.
AL-PACK Enterprises Ltd. (Canada), BASF SE (Germany), RKW SE (Germany), Kingfa Science & Tech Co. Ltd. (China), and British Polythene Industries PLC (U.K.) are some of the contenders in the global market.
The APAC region is expected to play a major hand in the development of the market.
A 7.6 % CAGR is expected to induce increased progress potential.