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.
Browse full research report on
Global biof Biodegradable Mulch Films Market: http://www.grandviewresearch.com/industry-analysis/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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/renewable-chemicals
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
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-biodegradable-mulch-films-market
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, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
