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Showing posts with the label Biodegradable Mulch Films Industry

Biodegradable Mulch Films Market Outlook and Global Foresight to 2024

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 ov