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.
Full Research Report On Global Biodegradable Mulch Films Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/biodegradable-mulch-films-market
Further key findings from the study suggest:
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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)
Global Biodegradable Mulch Films Crop Type Outlook (Revenue, USD Thousand, 2014 - 2024)
Global Biodegradable Mulch Films Regional Outlook (Revenue, USD Thousand, 2014 - 2024)
Access Press Release Of This Research Report By Grand View Research:
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.
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