The biodegradable mulch film market is expected to register a CAGR of 8.5% during the forecast period 2021 – 2026.
Biodegradable mulch film is used to increase soil fertility, retain moisture, reduce weed growth, and regulate soil temperature. It is made out of plant starches and sugars or polyester fibers. Biodegradable mulch film helps reduce the amount of herbicides used in the farms as well as lessen the number of workers engaged in agriculture throughout the growing season. At the end of the season, the biodegradable mulch film gets degraded, and carbon dioxide and water are released into the atmosphere with no more harmful contents. No labors are required for the removal of decomposed waste as its get evaporated, thereby making it cost efficient as well.
A detailed report on Global Biodegradable Mulch Film Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Biodegradable Mulch Film market: BASF SE (Germany), BioBag International AS (Norway), Kingfa Sci & Tech Co Ltd (China), AEP Industries Inc. (U.S.), RKW SE (Germany), British Polythene Industries PLC (U.K.), Armando Alvarez (Spain), Al-Pack Enterprises Ltd. (Canada), Novamont S.Pa. (Italy), and AB Rani Plast OY (Finland), among others.
Regional Analysis For Biodegradable Mulch Film Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Biodegradable Mulch Film market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Biodegradable Mulch Film Market Outlook
- Asia Pacific is the largest and estimated to be the fastest growing market in the forecast period due to burgeoning growth in the farming industry, which has been driven by the large population in India and China. The use of biodegradable mulch films is increasing due to strong increase in demand for eco-friendly products
- Europe is estimated to be the second largest market for biodegradable mulch film. The projected growth in Europe is driven by the rising use of the product for enhancing the yield, high R&D investments, strong government support, and rising health consciousness among public
Key Developments:
For instance, in August 2019, BASF SE launched biodegradable mulching film Ecovio M 2351. The mulch films consisting of the biodegradable co-polyester polybutylene adipate terephthalate (PBAT) and other biodegradable polymers made from renewable raw materials. The naturally occurring microorganism utilizes PBAT as food and does not remain any bio-plastic in the soil.
In May 2019, BASF SE partnered with Lactips to
In May 2018, Novamont S.Pa. presented its biodegradable mulch film made of Mater-Bi in the international conference CIPA Congress 2018. MATER-BI is biodegradable and compostable bioplastics made using starches, cellulose, vegetable oils and their combinations.
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