The global biodegradable mulch films market value is expected to reach
USD 64.3 million by 2024, according to a new report by Grand View Research,
Inc. Growing population coupled with depleting arable land is anticipated to
drive the market growth over the next eight years. Biodegradable mulch films
are used to enhance crop quality by suppressing weed growth and maintaining
soil temperature.
Biodegradable mulch films have a lower environmental impact as they do
not produce any harmful waste, and their disposal is easy. Government
regulations promoting bio-based product usage, especially in Europe and North
America is expected to drive market growth over the foreseeable future. Key
players in the industry have been investing in R&D to develop fully bio-based
mulch films.
Fruits & vegetables emerged as the leading crop using biodegradable
mulch films and accounted for 51.1% of total market revenue in 2015 and is also
anticipated to witness the fastest growth over the next eight years. The high
growth may be attributed to biofilm ability to prevent fruits from rotting by
preventing contact between fruit and soil.
In depth research report
on Biodegradable Mulch Films Market
Further key findings from
the report suggest:
•
Thermoplastic starch (TPS) was the leading raw material in 2015 and is
expected to reach a market worth USD 47.3 million by 2024, growing at a CAGR of
7.7% from 2016 to 2024. The high demand may be attributed to the easy
availability of starch at low prices coupled with an inability to produce any
harmful products when placed in soil.
•
Starch blended with polylactic acid (PLA) is also expected to witness a
brisk growth over the forecast period. The high growth may be attributed to
their advantage of being produced from 99% biobased material coupled with
growing PLA films demand particularly in Europe.
•
Asia Pacific was the major consumer and accounted for 64.1% of global
revenue in 2015 and is expected to witness the fastest growth in the
biodegradable mulch film market over the next eight years owing to growing
industrialization resulting in rising food demand.
•
Major companies operating in the global biodegradable mulch film industry
include Kingfa Sci & Tech Co Ltd, Al-Pack Enterprises Ltd, BioBag
International AS, RKW SE, AEP Industries Inc, BASF, Novamont, British Polythene
Industries PLC, Armando Alvarez and Ab Rani PlastOy. Major companies have been
adopting various strategies such as M&A, joint ventures, new product
development and capacity expansions to increase their market share.
Grand View Research has segmented the biodegradable mulch films market on
the basis of raw material, crop type and region:
Global Biodegradable
Mulch FilmsRaw Material Outlook (Revenue, USD Thousand, 2014 - 2024)
•
Thermoplastic starch (TPS)
•
Starch blended with polylactic acid (PLA)
•
Starch blended with polyhydroxyalkanoate (PHA)
•
Aliphatic-aromatic copolyesters (AAC)
•
Others
Global Biodegradable
Mulch Films Crop Type Outlook (Revenue, USD Thousand, 2014 - 2024)
•
Fruits & vegetables
•
Grains & oilseeds
•
Flowers & plants
Global Biodegradable
Mulch Films Regional Outlook (Revenue, USD Thousand, 2014 - 2024)
•
North America
•
U.S.
•
Canada
•
Mexico
•
Europe
•
Germany
•
UK
•
France
•
Asia Pacific
•
China
•
India
•
Japan
•
Central & South America
•
Brazil
•
Argentina
•
Middle East & Africa
•
South Africa
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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