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Global Mulch Films Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 8.02 Bn by 2028, Likely to Grow with the CAGR of 7.2% During the Forecast Period.
Mulch Films are rapidly being used in horticulture and agriculture in order to preserve the level of moisture, minimize weed growth and improve crop yield. A growing population coupled with shrinking agricultural land has accelerated the growth of the mulch film market. Farmers have to invest less on weedicides, irrigation and early harvest of crops while using mulch films. Although non-biodegradable mulch films hold major market share, they are not environmental friendly and hence are needed to be replaced by biodegradable mulch films. The adoption of biodegradable films has been made mandatory by the government in many developed nations. This will further boost the growth of biodegradable mulch films in the market.
However, the high cost of installation of these films on the soil is likely to hamper the growth of the mulch films market. Since consumers are growing conscious towards a healthy lifestyle, plastic-based mulch films are decreasingly used and even the stakeholders are promoting bio-degradable mulch films.
By Application, Agricultural Farms Are Expected To Witness High Demand During The Forecast Period
Agricultural farms had accounted for a significant share of XX% in 2019 and are expected to remain dominant during the forecast period. Farmers across the globe are using mulch films to increase good quality crop yield. Initially, mulching was used only for flower and vegetable production whereas now cash crops and grain crops are also produced using mulch films. This has evidently boosted the growth of the mulch film market globally. Mulch films are usually selected on the basis of seasons and soil to exercise proper installation and avoid contamination. This requires the usage of a variety of mulch films for different climate and soil and hence a lot of research is being carried on by scientists to enhance further growth of mulch films in the market.
Governments in many nations have made it mandatory to install biodegradable mulch films to avoid plastic pollution and experience better crop yield. All these factors will sum up to enhance the growth of mulch films in the global market during the forecast period.
By Product Type, Biodegradable Mulch Films Are Expected To Hold A Substantial Market Size Of US$ XX Mn In The Total Mulch Films Market And Projected To Witness A CAGR Of 9.6% During The Forecast Period.
The use of biodegradable mulch films has rapidly increased during the recent past owing to its organic ingredients that are eco-friendly. Also, these pose no harm to the consumer or the ecosystem. These mulch films are used both in semi biodegradable and fully biodegradable form. Semi biodegradable mulch films have PE (Polyethylene) and are cost-effective therefore they are used effectively. Biodegradable mulch films are developed from organic material derived from plants & animals and are decomposed automatically into the soil, unlike PE mulch films. It is predicted that biodegradable mulch films are expected to witness a high demand during the forecast period because they nurture crop and soil, reduce contamination and control weeds.
The Asia Pacific Accounted For A Significant Share In 2019 And Is Expected To Remain Dominant During The Forecast Period
The mulch film market in the Asia Pacific is expected to witness lucrative growth during the forecast period owing to the growing population and shrinking agricultural land. China, being densely populated was the leading consumer of mulch films followed by India due to rapid urbanization and improved living standards. The European market is expected to grow at a significant pace during the forecast period owing to the high use of bio-based products. Consumers in North and Latin America are effectively practicing mindful eating habits and are concerned about food safety. This has boosted the growth of biodegradable mulch films market in these regions
Regionally, the Middle East and African regions have witnessed constant agricultural advancement and implementation of horticulture techniques these factors are expected to boost the mulch films market during the forecast period.
Mulch films are expected to witness a high boost in the market during the forecast period owing to various advantages offered by mulch films. Companies in the mulch film market are following the path of expansion through major investment, acquisition and collaboration strategy. One of the leading companies, Berry Global has globalized its business through acquisition and collaboration with many local and international companies. Companies of a developed economy are investing majorly in high growth areas to secure and maintain the position in the market.
A lot of research and development in mulch films has been carried out by manufacturers to improve the thickness and quality of films, use of pigments and strengthen their footprints geographically. The key players in mulch films market are Berry Global, Exxon Mobil Corporation, RKW Agri Gmbh&co., Dow Chemical Company, Novamont S.p.A, AEP Industries Inc., FKuR Kunststoff Gmbh, Ab Rani Plast Oy., Tilak Ploypack Pvt. Ltd., Trioplast Industries AB, Industrial Development Company Sal (Indevco), Armando Alvarez Group, Ginger Plastic Products Ltd., Bio bag International AS, BASF SE.
Moisture Barrier Bags Market Segmentation
Moisture Barrier Bags Market, By Application
- Agricultural Farms
Moisture Barrier Bags Market, By Material
- Low-Density Polyethylene(LDPE)
- High--Density Polyethylene(HDPE)
- Linear Low--Density Polyethylene(LLDPE)
- Polylactic Acid(PLA)
- Ethylene-Vinyl Acetate(EVA)
Moisture Barrier Bags Market, By Product Type
- Biodegradable Mulch Film
- Colored Mulch Film
- Black Mulch Film
- Clear/Transparent Mulch film
- Polypropylene Mulch Film
Moisture Barrier Bags Market, By Region
- North America
- Latin America
- Asia Pacific
- Middle East and Africa