Biodegradable Mulch Films Market Overview
As per a detailed report by Market Research Future (MRFR), the global biodegradable mulch films market is predicted to register a CAGR of 7.6% during the forecast period (2012-2022). Mulch can be defined as a layer of material which is used to enhance the fertility of the land, cover the soil surface to preserve moisture, and reduce the growth of weeds. Biodegradable mulch films are generally used in an eco-friendly manner so that agriculture can be carried out with limited arable land to improve the quality of crops. Mulch films applications consist of reducing weed activity, maintaining soil temperature and moisture, UV ray protection, providing nutrients, and reducing compaction and soil erosion.
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The top players dominating the global biodegradable mulch films market include
- RKW SE (Germany)
- BASF SE (Germany)
- British Polythene Industries PLC (U.K.)
- AL-PACK Enterprises Ltd. (Canada)
- BioBag International AS (Norway)
- Kingfa Science & Tech Co. Ltd. (China)
- Armando Alvarez (Spain)
- AEP Industries Inc. (U.S.)
- AB Rani Plast OY (Finland)
- Novamont S.P.A. (Italy).
Market Potential and Pitfalls
The biodegradable mulch films market’s course is chiefly directed by factors like the increasing regulations by the governments, which promote the use of bio-based products. With the depletion of arable land due to the ever-increasing population, the demand for biodegradable mulch films has increased in the recent past. The top players in the industry are highly investing in R&D activities to develop fully bio-based mulch films. Such factors are estimated to accelerate the growth of the market in the foreseeable future. With the increasing global population resulting in a high demand for crops, the market is estimated to flourish. The harmful effects caused by inorganic materials like black polythene are likely to further elevate the scope for the market. The surging demand for biodegradable mulch films from the farming industry is likely to create opportunities for the market.
On the contrary, due to the high cost of installation, developing economies are still at a nascent stage of adopting these films. This restricts the growth prospects of the market in the coming years.
Global Biodegradable Mulch Films Market: Segmental Analysis
The global biodegradable mulch films market is segmented on the basis of biodegradable plastic and composition.
By biodegradable plastic, the global biodegradable mulch films market is segmented into aliphatic-aromatic copolyesters (AAC), thermoplastic starch (TPS), and controlled degradation masterbatches. Among these, the TPS segment is likely to create high demand due to its renewability, low cost, biodegradability, and high availability from agricultural crops.
The market is segmented into starch, starch blended with polyhydroxyalkanoate (PHA), and starch blended with polylactic acid (PLA) based on composition. Among these, the starch segment is likely to gain prominence due to its low cost, widespread availability.
Considering the global scenario, APAC dominated the global market and acquired a share of 60% in 2015. The region is estimated to retain its growth owing to the ever-increasing population, which has increased the demand for food in the region. The rising demand for crop production from countries like China, India, South Korea, and others has fueled the growth of the market. The increasing concerns regarding the environment owing to the use of the inorganic mulching techniques is likely to trigger the demand from biodegradable mulch film market in the region.
Europe bags the second position in the global market due to the increased adoption of bio-based products. Increased greenhouse agriculture, uncertain climatic conditions, and rising requirements for horticulture and floriculture are some of the factors driving the regional market.
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Table Of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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