Global biodegradable mulch film is forecast to 7.95% over the next five years. According to the WK-chem Research, "Global Biodegradable Mulch Film Professional Survey Report 2022, Forecast to 2027", rising concerns regarding the residues left behind by the conventional films is expected to increase the demand for the biodegradable mulch films.. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.95% base on WK-chem Research regression analysis model.
Analysts' Viewpoint
"These players have adopted various strategies to expand their global presence and increase their market share. Expansions, agreements, joint ventures, mergers & acquisitions, and new product launches & technological advancements are some of the major strategies adopted by the market players to achieve growth in the biodegradable mulch films market", Christina Patel, Senior analyst, in WK-chem Research.
Market insight
The market for biodegradable mulch film is driven due to the rising demand from agriculture industry. Biodegradable mulch film offers several benefits including, maintaining soil temperature, sustaining nutritions in soil, speed up germination process, cost efficient, reduce water consumption, and reduce the use of pestcides and herbicides. The above mentioned properties will drive the demand for biodegradable mulch films. Improper use of plasticizers in the production of biodegradable mulch films is expected to act as a market restraint. Biodegradable mulch film can be produced from plant starch, but to enhance the mechanical properties of the film, starch is blended with plasticizers or polymers. Addition of plasticizers in the biodegradable mulch films can make it harmful. Additionally, high cost of biodegradable films, and lack of awareness amongst the farmers are other possible factors expected to hinder the growth of biodegradable mulch film market.
Competition Landscape
: This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biodegradable mulch film companies that include: BASF SE, Kingfa SCI. & TECH. CO. LTD., BioBag International AS, RKW Group, AEP Industries Inc, Al-Pack Enterprises Ltd., Novamont S.p.A., Iris Polymers, Organix Solutions, Petralene Pvt Ltd.
Market Segmentation
: According to the type, the market for biodegradable mulch film is divided into: Starch, Starch Blended with PLA, Starch Blended with PHA. Starch has the largest market share. Starch, in the biodegradable mulch film market, is projected to account for the largest value during the forecast period. The high demand of starch in the biodegradable mulch films market can be credited to its wide availability and low cost. Starch also degrades into harmless products when placed in contact with soil microorganisms. Additionally, it has high amylose content which helps in the formation of strong and flexible biodegradable mulch films. This has boosted the demand of starch in the biodegradable mulch film market. According to the application, the market for biodegradable mulch film is divided into: Fruits & Veg, Grains, Plants. Fruits & Veg has the largest market share. The agricultural industry has recognized the visible benefits of biodegradable mulch films in reducing soil compaction, fertilizer leaching, moisture evaporation, weed problems, and increasing soil temperature to obtain higher yield and increase early growth in crops while providing the additional benefit of biodegrading, So, there is wide usage of biodegradable mulch films to ensure optimal growth of fruits & vegetables. Biodegradable Mulch Film
Regional Market Analysis
In terms of geography, the global biodegradable mulch film market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region is projected to grow at the highest rate in the biodegradable mulch films market. China is on the top of the list in terms of sales of biodegradable mulch films. Increasing population, especially in the Asia-Pacific region, has resulted in increasing demand for food, which will lead to increased usage of biodegradable mulch films in crop production. The rising population and shrinking agricultural land due to industrialization and urbanization have compelled farmers to produce more in the same land holding. Hence, farmers are using biodegradable mulch films in large numbers owing to its lower impact on environment, while enhancing crop yield by reducing competitive weed pressure, maintaining soil moisture levels, and modulating soil temperature.
Cagr: 7.95%
Region with the largest share: Asia Pacific
Largest country in largest share region: China
Product Type: Starch, Starch Blended with PLA, Starch Blended with PHA
Application: Fruits & Veg, Grains, Plants
Leading Company: BASF SE, Kingfa SCI. & TECH. CO. LTD., BioBag International AS, RKW Group, AEP Industries Inc
