According to TechSci Research report, “Mulch Films Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, The Global Mulch Films Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing global population resulting in high demand for crop production across the globe.
Similarly, increasing the concern due to the use of the inorganic mulching technique is expected to boost the growth of the market over the years. Also, the growing demand for increasing soil fertility, retaining moisture, reducing weed growth, and regulating soil temperature will enhance the demand for the mulch films market over the years.
Additionally, the growing demand for sustainable biopolymer mulch films and the increasing adverse effect of inorganic mulching is a major factor enhancing the demand for the mulch films market over the years. Additionally, growing the adoption of greenhouse applications and a rise in environmental concerns toward synthetic counterparts are anticipated to drive the growth of the market in the forecasted period.
However, the high installation cost of biodegradable mulch film along with stringent regulations by the government may restrain the growth of the market during the forecasted period.
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Global Mulch Films market can be segmented by type, application, element, and by region.
Based on Type, The Global Mulch Films Market can be segmented into Clear or Transparent, Black Mulch, Colored Mulch, and Degradable Mulch. The degradable mulch film segment is expected to dominate the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period.
Increasing the demand for eco-friendly products along with control of weeds and insects, and increase soil and air temperature, reducing evaporation, minimizing soil erosion, and preventing soil splashing on fruits and vegetables are anticipated to boost the growth of the market during the forecasted period. Also, improving the microbial activity in the soil can enhance the demand for the mulch film market during the forecast period.
Based on Element, the market can be segmented into LLDPE, LDPE, HDPE, EVA, PLA, PHA, and Others. The LDPE and LLDPE element are expected to dominate the market in 2022 and is expected to continue maintaining their dominance throughout the forecast period.
Growing demand for warming up the soil during the cold as well as retaining the soil’s moisture and preventing heat from reaching the plant’s roots are expected to create significant growth during the forecasted period. Also, growing demand to keep soil from splashing onto the plants during rainfall is anticipated to drive the growth of the market over the years.
Major companies are operating in the global Mulch Films market:
- BASF SE.
- Berry Plastics Group Inc.
- The DOW Chemical Company.
- RKW Group.
- AEP Industries Inc.
- Armando Alvarez.
- Al-Pack Enterprises Ltd.
- Novamont.
- Ab Rani Plast Oy.
- British Polythene Industries PLC.
In Aug 2019, BASF announced a certified soil-biodegradable plastic for mulch films known as Ecovio M 2351 which is made from its biodegradable co-polyester known as PBAT (polybutylene adipate terephthalate) Ecoflex and other major biodegradable polymers that are based on renewable raw materials.
In July 2019, the DRDO announced to do its research for the adoption of low-cost biodegradable mulching materials on crop growth. This further increases the market growth.
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“Additionally, growing awareness about the usage of advanced mulch films is also a major factor enhancing the growth of the market. Furthermore, the growing government initiatives for investing in the agriculture field and enhancing the use of solar energy to control crop pests will drive the growth of the market over the years.
Additionally, growing demand for sustainable biopolymers mulch films and adverse effects of inorganic mulching have led to an increase in demand for mulch films thereby creating lucrative opportunities for market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Mulch Films Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Clear or Transparent, Black Mulch, Coloured Mulch, Degradable Mulch), By Application (Agricultural Farms, Horticulture), By Element (LLDPE, LDPE, HDPE, EVA, PLA, PHA, Others) and By Region”, has evaluated the future growth potential of global Mulch Films market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global Mulch Films market.
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