Biodegradable Mulch Film Market Growth Drivers, Challenges and Forecast 2026-2034
According to Fortune Business Insights, The global biodegradable mulch film market size was valued at USD 63.8 million in 2023. The market is projected to grow from USD 68.0 million in 2024 to USD 126.8 million by 2032 at a CAGR of 8.1% during the 2024-2032 forecast period. Asia Pacific dominated the biodegradable mulch film market with a market share of 35.89% in 2023.
Growth in the consumption of agricultural produce globally is driving the demand for mulch films which can be easily decomposed in the soil. Biodegradable mulch films market size is set to gain traction as mulching has become a core foundation for growing vegetables, grains, fruits, flowers, and other various crops. Mulching has the ability to cover the soil which creates a promising environment for plant growth. These films have proven themselves to be a solid alternative to polyethylene films in the agriculture industry.
Fortune Business Insights presents this information in their report titled "Biodegradable Mulch Films Market, 2024–2032."
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BASF SE (Germany)
Kingfa Sci & Tech Co Ltd (China)
BioBag International AS (Norway)
Novamont AB (Italy)
SOLOS POLYMERS PVT. LTD. (India)
Ved Industries (India)
Tilak Polypack (India)
Olive Industries (India)
Segments:
Based on the material, the market is studied startch, PBAT (poly(butylene adipate-co-terephthalate)), PBS (polybutylene succinate), PLA (polylactic acid), cellulose, and others. PLA (polylactic acid) bags the leading share as they are highly stretchable and can be blended easily with vegetable waste. Easy decomposition makes this material a preferred one amongst the consumers.
On the basis of application, the market is segmented into fruits & vegetables, flowers & plants, grains & oilseeds. The fruits & vegetables leads the market share with escalated demand for consuming food products. Increase in the levels of disposable income of the population is also driving the demand for nutritious food.
From the regional ground, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Report Coverage
The comprehensive market research report delves into crucial elements, including the competitive landscape, end-users, and product type. The document provides valuable insights into prevailing market trends and significant industry advancements. It also encompasses a wide range of variables that have contributed to the recent expansion of the market. With a thorough examination of these factors, the report offers a holistic view of the market's current state and future potential. Stakeholders can leverage this information to make informed decisions and formulate effective strategies for success.
Drivers & Restraints
Easy Decomposition And Reduced Labor Effort To Fuel The Market Augmentation
Biodegradable mulch films are proving themselves to a perfect alternative to polyethylene films which are used for weed control and improve crop productivity. The decomposing of these mulch films takes around 30-120 days which reduces the labor costs as the effort to remove the films after the harvesting gets eliminated. In addition, these films reduces the plastic waste which is usually generated when traditional films are used. These above factors are responsible for fueling the biodegradable mulch films market growth.
On the other hand, market growth gets hampered with the high prices allocated to these films which can create a burden on small-scale farmers.
Regional Insights
Asia Pacific Dominates the Market Owing to the High Levels of Population
Owing to augmenting levels of population in the developing countries such as India and China, the Asia Pacific region takes the lead in the biodegradable mulch films market share. The region is the powerhouse for largest agricultural food producing countries which is also propelling the market growth.
Latin America depicts the noteworthy growth owing to the presence of established food importers. Brazil and Mexico are the leading food importers of this region.
European market is set to growth moderately with growing awareness for the use of these mulch films amongst the farmers
Information Source: https://www.fortunebusinessinsights.com/biodegradable-mulch-film-market-102759
Competitive Landscape
New Product Launched by Key Market Players to Enhance Their Market Positions
The leading players of the biodegradable disposable plate market are adopting various strategies to extend their product portfolio by launching new products and collaborating with other organizations. They are expanding their production capacity and partnering up to boost their brand presence and gain edge over the competition.
Key Industry Development
October 2023: Mondi and Cotesi collaborated for the development of Advantage Kraft Mulch which is a paper alternative to plastic mulching film commonly used to protect plants from birds and weather impacts. It is made with 100% kraft paper manufactured from wood with no plastic or coating.