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.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/biodegradable-mulch-films-market
Further key findings from the report suggest:
·
Thermoplastic starch (TPS) was the leading raw
material in 2015 and is expected to reach a market worth USD 47.3 million
by 2024, growing at a CAGR of 7.7% from 2016 to 2024. The high demand may be
attributed to the easy availability of starch at low prices coupled with an
inability to produce any harmful products when placed in soil.
·
Starch blended with polylactic acid (PLA) is
also expected to witness a brisk growth over the forecast period. The high
growth may be attributed to their advantage of being produced from 99% biobased
material coupled with growing PLA films demand particularly in Europe.
·
Asia Pacific was the major consumer and
accounted for 64.1% of global revenue in 2015 and is expected to witness the
fastest growth in the biodegradable mulch film market over the next eight years
owing to growing industrialization resulting in rising food demand.
·
Major companies operating in the global
biodegradable mulch film industry include Kingfa Sci & Tech Co Ltd, Al-Pack
Enterprises Ltd, BioBag International AS, RKW SE, AEP Industries Inc, BASF,
Novamont, British Polythene Industries PLC, Armando Alvarez and Ab Rani
PlastOy. Major companies have been adopting various strategies such as M&A,
joint ventures, new product development and capacity expansions to increase
their market share.
Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/biodegradable-mulch-films-market/request
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)
·
Thermoplastic starch (TPS)
·
Starch blended with polylactic acid (PLA)
·
Starch blended with polyhydroxyalkanoate (PHA)
·
Aliphatic-aromatic copolyesters (AAC)
·
Others
Global Biodegradable Mulch Films Crop Type Outlook (Revenue, USD
Thousand, 2014 - 2024)
·
Fruits & vegetables
·
Grains & oilseeds
·
Flowers & plants
Global Biodegradable Mulch Films Regional Outlook (Revenue, USD
Thousand, 2014 - 2024)
·
North America
·
U.S.
·
Canada
·
Mexico
·
Europe
·
Germany
·
UK
·
France
·
Asia Pacific
·
China
·
India
·
Japan
·
Central & South America
·
Brazil
·
Argentina
·
Middle East & Africa
·
South Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-chemicals
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