Biodegradable Mulch Film Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2029
Overview
Global Biodegradable Mulch Film Market size is expected to reach 97.19 US$ Mn in year 2029, at a CAGR of 9.5% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Biodegradable Mulch Film Market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.
To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global market.
Biodegradable Mulch Film Market Overview
Global Biodegradable mulch films have been available in the market for more than 15 years, promoted by solid scientific and technical knowledge, and meeting a high level of acceptance from agricultural sector growing fruits and vegetables in large quantity and good quality. Biodegradable mulch film is a technique where waste generated from use of biodegradable mulching materials is transformed into methane, carbon dioxide, water, or biomass at the end of their shelf life without any harmful effect on soil fertility.
Global demand for Biodegradable Mulch Film is expected to witness a significant growth owing to biodegradable mulch films increase in soil temperature, seed germination and ultimately increase in cultivation cycle, reduction in use of pesticides and fertilizers, keeps the fertility of soil, reduce the labour and disposable cost, reduce water consumption, prevent vegetables and fruits from spoilage by blocking direct contact with soil.
Drivers and Restraints
The growth of biodegradable mulch films market is highly driven by element such as increasing population, the rising demand of biodegradable mulch films in greenhouse, an increasing awareness about advantages by using biodegradable films in farmers around the globe, biodegradable mulch paper is great advantage to farmers for certain reasons such as removal of film is not necessary, it saves time, labour work. No residues remain in the soil after certain time like tradition plastic films so it keeps fertility of soil. These factors will drive the market of biodegradable mulch film during forecast period.
Moreover, numerous governments across the globe have taken Initiatives to modernize farming technique and increase agricultural productivity without any harmful effect on soil, Biodegradable mulch film due to its chemical properties and characteristics, are less harmful when used for agricultural purposes. Rising environmental concerns that shifted the focus of growers toward eco-friendly mulch films. These factors will also help to drive the market share of biodegradable mulch film during forecast period.
On the other hand, lack of awareness among farmers about the benefits of biodegradable mulch film and high price of biodegradable films, these are few factors which can hamper the growth of market.
Segment Analysis
On the basis of composition type, the starch segment held largest market share in 2022 and is expected to drive the market of biodegradable mulch film during the forecast period, owing to high extent of biodegradability and the cost of starch is less. Moreover it has high amylose content, helps in forming flexible and strong biodegradable mulch films. This is also one of the major reason for high demand for starch.
On the basis of biodegradable plastic, thermoplastic starch segment held a major market share in 2022 and is anticipated to drive market share throughout the forecast period owing to easy availability, biodegradability, renewability, and cost-effectiveness of thermoplastic starch.
On the basis of application, the fruits &vegetables segment held highest market share in 2022 and is expected to drive the market during forecast period. Biodegradable mulch films improve the quality of product and reduce fruit decaying by preventing the contact between fruit and soil. Advantages of biodegradable mulch film are leaching of fertilizer, increase in soil temperature, reduction in soil compaction, moisture evaporation and eradication of weeds to obtain increased yield, these benefits play valuable role in agricultural sector and it became attraction towards farmers.
Biodegradable Mulch Film Market Regional Insights
Asia Pacific driven by India and China had largest market share in 2022 and expected to grow during the forecast period (2023-2029) owing to the increasing population, eventually rising the growth of the agricultural sector to fulfil the increasing demand for food and increasing awareness toward benefits of biodegradable mulch film over traditional plastic film in farmers. Moreover these countries faces industrial growth and urbanization which have led to higher standards of living among consumers, resulting in rise in demand for food products, this factor also drive the market share during the forecast period.
Europe held second largest market share in biodegradable mulch film in 2022 owing to increasing use of these films to yield crop product in large quantity and good quality, increasing investment in R&D and support by government and rise in healthy life style among the people. Europe followed by North America owing to growing population and eventually increasing demand of high crop yield and good quality product.
Biodegradable Mulch Film Market, Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Biodegradable Mulch Film Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Biodegradable Mulch Film Market are also profiled.
Biodegradable Mulch Film Market Scope: Inquire before buying
| Global Biodegradable Mulch Film Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 51.48 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 9.5% | Market Size in 2029: | US $ 97.19 Bn. |
| Segments Covered: | by Composition | Starch Blended With Polyhydroxyalkanoate (PHA) Starch Blended With Polylactic Acid (PLA) Starch Other Compositions |
|
| by Biodegradable plastic Type | Controlled Degradation Masterbatches Thermoplastic Starch (TPS) Aliphatic-Aromatic Copolyesters |
||
| by Application | Fruits & Vegetables Flowers & Plants Oilseeds & Grains |
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Biodegradable Mulch Film Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Biodegradable Mulch Film Market Key Players
1. BASF SE (Germany)
2. Kingfa Sci & Tech Co Ltd (China)
3. BioBag International AS (Norway)
4. AEP Industries Inc. (U.S.)
5. RKW SE (Germany)
6. British Polythene Industries PLC (U.K.)
7. Armando Alvarez (Spain)
8. Al-Pack Enterprises Ltd. (Canada)
9. Novamont S.Pa. (Italy)
10. AB Rani Plast OY (Finland)
11. Xinfu Pharmaceutical.
12. Zhejiang Hangzhou xinfu Pharmaceutical Co., Ltd
13. The Dow Chemical Company
14. RPC bpi group
15. Grupo Armando Alvarez
16. Saurya Poly Pack.
17. Yifan Pharmaceutical Co., Ltd,
18. Dubois Agrinovation
19. Robert Marvel Plastic Mulch LLC.,
20. Barbier Group,,
Frequently Asked Questions:
1. Which region has the largest share in Global Biodegradable Mulch Film Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Biodegradable Mulch Film Market?
Ans: The Global Biodegradable Mulch Film Market is growing at a CAGR of 9.5% during forecasting period 2023-2029.
3. What is scope of the Global Biodegradable Mulch Film market report?
Ans: Global Biodegradable Mulch Film Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Biodegradable Mulch Film market?
Ans: The important key players in the Global Biodegradable Mulch Film Market are – BASF SE (Germany), Kingfa Sci & Tech Co Ltd (China), BioBag International AS (Norway), AEP Industries Inc. (U.S.), RKW SE (Germany), British Polythene Industries PLC (U.K.), Armando Alvarez (Spain), Al-Pack Enterprises Ltd. (Canada), Novamont S.Pa. (Italy), AB Rani Plast OY (Finland), Xinfu Pharmaceutical., Zhejiang Hangzhou xinfu Pharmaceutical Co., Ltd, The Dow Chemical Company, RPC bpi group, Grupo Armando Alvarez, Saurya Poly Pack., Yifan Pharmaceutical Co., and Ltd
5. What is the study period of this market?
Ans: The Global Biodegradable Mulch Film Market is studied from 2022 to 2029.