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Global Biodegradable Mulch Films Market Research Report – Forecast to 2030

Biodegradable Mulch Films Market by Biodegradable Plastic (Thermoplastic Starch (TPS), Aliphatic-Aromatic Copolyesters (AAC), Controlled Degradation Masterbatches) by Composition (Starch, Starch Blended With Polylactic Acid (PLA), Starch Blended With Polyhydroxyalkanoate (PHA), by Region (Asia-Pacific, North America, Europe, Rest of World) - Forecast to 2030

ID: MRFR/PNT/1850-HCR | December 2022 | Region: Global | 100 Pages         

Biodegradable Mulch Films Market

The biodegradable mulch films market is projected to be worth USD 52.43 million by 2030, registering a CAGR of 7.90% during the forecast period (2022 - 2030).

Segmentation

By Biodegradable Plastic Thermoplastic Starch (TPS) Aliphatic-Aromatic Copolyesters (AAC) Controlled Degradation Masterbatches
By Composition Starch Starch Blended With Polylactic Acid (PLA) Starch Blended With Polyhydroxyalkanoate (PHA)

Key Players

  • BASF SE (Germany)
  • 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)
  • Novamont S.P.A. (Italy)
  • AB Rani Plast OY (Finland)

Drivers

  • Rising population has increased the demand of food
  • Increasing adoption of bio-based products
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Biodegradable Mulch Films Market Overview


The biodegradable mulch films market is projected to be worth USD 52.43 million by 2030, registering a CAGR of 7.90% during the forecast period (2022-2030).


Biodegradable mulch films are thin pieces of plastic. Farmers till these into their fields. The objective is to increase overall crop yield and quality.


COVID-19 analysis


COVID-19 is a virus that has made its mark on the world, much like the Bubonic Plague did in the 14th century. COVID-19, in many ways, is just as dangerous as Yesenia Pesestis was. While far fewer people have died from COVID-19 the virus has left many who recovered with long-term serious health issues and complications. These are the reasons why many governments sought to control its spread through lockdowns and quarantines. They were temporary since they didn’t work.


Governments sought to contain the spread of the virus by imposing quarantines and lockdowns when the virus first started a global pandemic during the spring of 2020. These were soon lifted since they were not effective. In any case, most businesses in most industries around the world suffered immensely because of this.


Many companies in many industries were adversely affected because they were forced to either dramatically slow production down or shut down (at least temporarily!) The companies in the biodegradable mulch films industry were no exception. They were forced to scale back production or shut down. Many farmers found the prices of their supplies going up dramatically as a result. Another negative externality was the fact that crop output and quality declined significantly.


List of companies



  • 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)


Market Dynamics


Drivers


More and more farmable land is being used for industry and other purposes. It’s not uncommon to find developers building shopping complexes, offices, and residential homes on what used to be prime farming land. While arable land is shrinking in terms of availability, the global population is still growing. This means that there are many more mouths to feed and far less land to grow food on.


Farmers are relying on biodegradable mulch films to increase the fertility of their fields. Their crop yield and quality tends to increase substantially as well. Many governments around the world are encouraging the usage of biodegradable mulch films through favorable laws, regulations, and policies! These are some of the factors that are driving growth in the biodegradable mulch films industry.


Opportunities


The global biodegradable mulch films market has a high CAGR. this means that companies can make a handsome profit in the industry in the long term. The fact that the global population and hunger are increasing is incentivizing most industries to invest heavily in research and development. The intent is to develop mulch films that decompose completely when tilled into the ground.


Restraints


Mulch films are hard to find. This is what makes it more expensive to make them. These two factors are expected to hold back growth in the market.


Challenges


The biggest challenge that companies in the global biodegradable mulch films industry face lie in making better mulch films that are environmentally friendly and are affordable for most farmers.


Cumulative growth analysis


The CAGR for the global biodegradable mulch films market is projected to be 7.6% by 2027. The global biodegradable mulch films industry was worth USD 33,699 in 2016. It is expected to be worth USD 62,039 in 2023.


Technology analysis


A.E.P Industries Inc. is a major American player in the biodegradable mulch films market. It is currently an industry leader because it invested heavily in research and development. Thus, the company was able to develop and market a new generation of better biodegradable mulch films which were friendlier to the environment. It was able to create a sustainable competitive advantage.


Segmentation:


 Global Biodegradable Mulch Films Market


Segment overview


By biodegradable plastic


The global biodegradable mulch films market can be grouped into the following sub-segments based on biodegradable plastic:



  • Thermoplastic Starch

  • Aliphatic-Aromatic Copolyesters

  • Controlled Degradation Masterbatches


By composition


The global biodegradable mulch films market can be grouped into the following sub-segments based on composition:



  • Starch

  • Starch blended with Polylactic Acid

  • Starch blended with PHA


The starch sub-segment had the highest biodegradable mulch films market share in 2016. Its overall CAGR is expected to be 9.3% from 2017 to 2023. Starch films are abundant in supply. They are also in the affordable price range for most farmers around the world.


Fruits and vegetables have the greatest biodegradable mulch films market share in this segment.


By region


The global biodegradable mulch films market can be grouped into the following regions:



  • Asia-Pacific

  • North America

  • The European Union

  • The Rest of the World


Regional analysis


The Asia-Pacific region had the largest biodegradable mulch films market share at 60% in 2015. Populations in this region are exploding. This is creating unprecedented demand for food and, hence, for the use of biodegradable mulch films to make farm output skyrocket.


Another factor that is driving demand for these films in the Asia-Pacific region is rising disposable incomes. The fact that Asian populations are becoming healthier and better educated are also key contributing factors. People in the Asia-Pacific region want to eat more meat. Livestock needs a lot of crops to grow healthy and big enough to yield enough meat when slaughtered. This is driving growth in the regional biodegradable mulch films market.


China has seen a dramatic increase in demand for food and meat in general. This is increasing demand for biodegradable mulch films, seeing that only 10% of its land is farmable. Half of India’s land may be farmable. That said, the nation has the world’s second-largest population and this is growing rapidly. People are also becoming wealthier and are wanting to consume meat and fish more. These factors are also driving demand for biodegradable mulch films. People in India are becoming better educated. They want to eat food that is enhanced in terms of vitamins and nutrition. This is also driving demand for biodegradable mulch films.


Many farmers in this part of the world are using artificial mulching techniques to make their soil more fertile and hence yield more crop output per acre. They are turning to biodegradable mulch films to meet the immense increase in demand for this type of mulch.


The Latin American region is also registering a respectable CAGR for biodegradable mulch films. The already large and rapidly growing populations in this continent account for this. Brazil is expected to have the largest biodegradable mulch films market size. Both its economy and population are growing rapidly. This is driving unprecedented demand for biodegradable mulch films. Hence, many manufacturing companies are flocking to the nation.


Competitive landscape


The global biodegradable mulch films market is extremely competitive. It’s also very fragmented. There are few barriers to entry in the industry, it has a high CAGR, and is fairly lucrative. These factors and more are enticing companies to enter the industry in unprecedented numbers.


Companies have to invest heavily in research and development. They are able to develop and market better products for which they can justify charging more. If they market right, they can develop a sustainable competitive advantage that will allow them to become leaders and remain profitable.


Companies are also resorting to strategic partnerships and mergers and acquisitions with other successful companies. Thus, they are able to develop a sustainable competitive advantage that will allow them to remain profitable and powerful!


BASF is a major German company. It has become a recognized name because it invested heavily in research and development. Thus, it was able to develop and market newer and improved products that allowed it to develop the sustainable competitive advantage that it needed to become and remain profitable.


Recent developments



  • BASF recently launched a new and powerful polymer

  • DRDO recently embarked on a research project to develop and market safer and more affordable films


Report overview


The CAGR for the global biodegradable mulch films market is projected to be 7.6% until 2027. The global biodegradable mulch films industry was worth USD 33,699 in 2016. It is expected to be worth USD 62,039 in 2023.


The Asia-Pacifc region currently has the highest CAGR and market size/share. the Latin American region comes in second place



Report Scope:

Report Attribute/Metric Details
  Market Size   2027 : USD 5.8 Billion
  CAGR   7.6% (2021-2027)
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2019 
  Forecast Units   Value (USD Billion)
  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

  • Rising population has increased the demand of food
  • Increasing adoption of bio-based products


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    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 7.90 % CAGR is expected to induce increased progress potential.