According to a new market report by Lucintel, the future of the biodegradable mulch film market looks promising with opportunities in the fruits & vegetables, grains & oilseeds, and flowers & plants farming markets. The biodegradable mulch film market is expected to grow with a CAGR of 8% from 2019 to 2024. The major drivers for this market are increasing demand for biodegradable mulch films in greenhouse and rising environmental concerns that shift the focus of growers towards eco-friendly mulch films.
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In this market, starch, starch blended with polylactic acid (PLA), and starch blended with polyhydroxyalkanoate (PHA) are the major raw material used to manufacture biodegradable mulch film. On the basis of comprehensive research, starch will remain the largest raw material for biodegradable mulch film over the forecast period due to its low cost compared to other raw material and is also abundantly available.
Within the biodegradable mulch film market, food & vegetables will remain the largest crop type over the forecast period because biodegradable mulch film maintain soil temperature, speed up the germination and cultivation cycles, long-term sustaining of nutritious soil, reduce the use of herbicides and pesticides, keep fertilizers and nutrients closer to the plant, and prevent fruits & vegetables from direct contact with the soil.
Asia Pacific will remain the largest market over the forecast period due to increasing demand for food products from economies such as India, China, and South Korea, and increase in per capita income.
BASF SE, Kingfa Sci & Tech Co Ltd, BioBag International AS, RKW Group, and AEP Industries Inc. are among the major manufacturers of biodegradable mulch films.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biodegradable mulch film market by biodegradable plastics by raw material type, crop type, and region. Lucintel has prepared a comprehensive research report titled "Biodegradable Mulch Film Market 2019-2024: trends, forecast, and opportunity analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the biodegradable mulch film market by raw material type, crop type, and region as follows:
By Raw Material Type [$M shipment analysis for 2013 – 2024]:
Starch
Starch blended with polylactic acid (PLA)
Starch blended with polyhydroxyalkanoate (PHA)
Others [starch blended with polyhydroxyhexanoate (PHH), starch blended with polylactic acid aliphatic copolymer (CPLA)]
By Crop Type [$M shipment analysis for 2013 – 2024]:
Fruits & Vegetables
Grains & Oilseeds
Flowers & Plants
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/biodegradable-mulch-film-market.aspx or helpdesk@lucintel.com.
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