Insulated Shipping Boxes Market Outlook. Size, Share and Future Scope till Forecast 2023
The major factors driving the global biodegradable mulch film market are the increasing population resulting in shrinking arable land and government regulations promoting the usage of bio-based products. Also, Biodegradable Mulch do not produce any harmful waste having lower environmental impact with easy disposal.
Despite the market having significant potential in developing nations, the high initial cost has become a major concern, thus restricting the implementation of Biodegradable Mulch. Furthermore, the usage of machines to level and shape the soil for applying the Biodegradable Mulch, adds to the cost.
Scope of the Report
This study provides an overview of the global Biodegradable Mulch market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Biodegradable Mulch market by biodegradable plastic, composition and region.
Key Players
BASF SE (Germany)
RKW SE (Germany)
AL-PACK Enterprises Ltd. (Canada)
British Polythene Industries PLC (U.K.)
Kingfa Science & Tech Co. Ltd. (China)
BioBag International AS (Norway)
AEP Industries Inc. (U.S.)
Armando Alvarez (Spain)
Novamont S.P.A. (Italy)
AB Rani Plast OY (Finland)
Market Research Analysis
Based on biodegradable plastic, the market is segmented as Thermoplastic Starch (TPS), Aliphatic-Aromatic Copolyesters (AAC) and Controlled Degradation Masterbatch, out of which, thermoplastic starch (TPS) is expected to account for majority of the share. With the rising environmental issues related to the use of conventional synthetic polymers, farmers have shifted focus towards materials produced from renewable sources.
On the basis of composition, the COVID-19 Analysis is bifurcated as Starch, Starch Blended with Polylactic Acid (PLA) and Starch Blended with Polyhydroxyalkanoate (PHA). Starch segment is expected to dominate the market as it is abundant and an inexpensive natural polymer that can produce a film structure.
Asia-Pacific is expected to dominate the global Biodegradable Mulch market with highest CAGR, owing to the government regulations promoting the usage of bio-based products.
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https://www.techsite.io/p/1496530