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.
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.
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.
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Top Players of Biodegradable Mulch Films Market:
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.
Market Segmentation of Biodegradable Mulch Films Market:
The Global Biodegradable Mulch Films Market segmented on the basis of Raw Material, Crop Type and Region.
By Raw Material:
Thermoplastic starch (TPS)
Starch blended with polylactic acid (PLA)
Starch blended with polyhydroxyalkanoate (PHA)
Aliphatic-aromatic copolyesters (AAC)
By Crop Type:
Fruits & vegetables
Grains & oilseeds
Flowers & plants
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Inquire about Biodegradable Mulch Films Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2919/ibb
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