Global Mulch Film Market To Grow With CAGR of 5.9% During The Forecast Period

The global mulch film market was valued at $5 billion in 2021 and is likely to reach 8.1 billion by the end of 2028 during the forecast period. The market is likely to grow with a compounding rate of 5.9% during the forecast period.

Plastic coverings intended for plants, Mulch films are developed in a way that they help to maintain the moisture levels in the soil. A noteworthy loss of soil moisture can be witnessed owing to evaporation, which has elevated the need for mulch films in agricultural sectors. In addition, to accomplish the demand for food owing to the rising population, the need for mulch films is also swelling, thereby boosting the global mulch film market growth. Further, the rising demand for crop productivity with declining arable land is projected to fuel the market expansion in the coming period. Moreover, the rising preferences of customers toward high-yield production methods and eco-friendly solutions for horticulture and agriculture sectors will propel the market growth to a great extent. Mulch films are progressively being utilized in horticulture and agriculture to minimize weed growth, adjust soil temperature, and enhance crop yield.

In addition, there is a growing cognizance amongst customers about mulch films. They present advantages like the early harvest of crops, less spending on weedicides, and rising quantitative production of crops. Also, customers across the globe are getting more inclined towards biodegradable mulch films for use in the horticultural and agricultural areas. The rising development in farming methods as well as the rising alertness on reducing crop wastage is also projected to positively drive the global market expansion. Nevertheless, the high installation costs of these films are likely to restrict the market growth to some extent.

The global mulch film market can be segmented into type, product, crop, end-user, and region. By type, the market can be segmented into degradable mulch films, colored mulch films, and transparent mulch films. By product, the market can be segmented into biodegradable and non-biodegradable mulch films. By crop, the market can be segmented into flowers, field crops, vegetables, and fruit. By end-user, the market can be segmented into agricultural and horticulture. The agricultural segment is projected to boost with the increasing per capita income of people and population resulting in the elevated need for agricultural crops.

Asia Pacific accounts for the largest share in the global mulch film market due to the growing investment by both the big organizations and government authorities, particularly in the field of agriculture. Additionally, the presence of fast-growing economies like China and India is further likely to encourage the growth of the regional market in the forthcoming years. Also, the growing awareness among farmers regarding the advantages of mulch films for increasing crop yields will augment the growth of the regional market. Also, the developed economies of Europe and North America are anticipated to see modest expansion during the forecast period. North African and the Middle-east regions are anticipated to see considerable expansion due to the growing horticulture and floriculture provided the extreme climatic situations in these regions.

Some of the significant players in the global mulch film market include Ginegar Plastic Products Ltd, BASF SE, Exxon Mobil Corp, BioBag International AS, Armando Alvarez Group, Industrial Development Company Sal, RKW Agri Gmbh & Co, Ab Rani Plast Oy, Tilak Polypack Pvt. Ltd, Trioplast Industrier AB, AEP Industries Inc, Berry Global Inc, FKuR Kunststoff GmbH, and Dow Chemical Company.

Recent Developments :

• BASF in August 2019 introduced Ecovio M 2351– a certified soil-biodegradable plastic for mulch films made from its biodegradable co-polyester known as PBAT (polybutylene adipate terephthalate) and others.
• In 2020, the Canadian government invested a total of $560,000 on the Canadian Federation of Agriculture (CFA) to develop the Canadian Agri-Food Sustainability Initiative.

Browse the full “Mulch Films Market Material Type(Clear/ Transparent, Black, Colored, Degradable And Others), By Element(Polyethylene [PE], Polypropylene [PP], Polyvinyl Chloride [PVC], Polylactic Acid [PLA]/Polyhydroxyalkanoates[PHA], Polybutylene Succinate [PBS], Ethylene-Vinyl Acetate [EVA]), And Other Bio-Based Material; Technology: Cast And Blown); And Applications: Agriculture And Horticulture), By Location (Rural And Urban), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/mulch-film-market

Global mulch market is segmented as follows:

By type

• Clear/transparent
• Black
• Colored
• Degradable
• Others

By Applications

• Agriculture
• Horticulture

By Element

• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polylactic Acid (PLA) / Polyhydroxyalkanoates (PHA)
• Polybutylene Succinate (PBS)
• Ethylene-vinyl Acetate (EVA)
• Other

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com