Global Degradable Mulch Film Market Size is expected to experience a CAGR of 6.5% through 2024 - 2031, according to industry projections.
The "Degradable Mulch Film Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Degradable Mulch Film market is expected to grow annually by 6.5% (CAGR 2024 - 2031).
This entire report is of 135 pages.
Degradable Mulch Film Introduction and its Market Analysis
The Degradable Mulch Film market research report analyzes market conditions and provides insights into the target market for this eco-friendly agricultural film. Major factors driving revenue growth include increasing demand for sustainable farming practices and government regulations promoting the use of biodegradable materials. Companies such as BASF, Novamont, and BioBag are dominating the market, with innovative products and strategic partnerships driving their success. The report's findings highlight the growing acceptance of degradable mulch films among farmers and recommend investing in research and development to improve product performance and expand market reach.
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The degradable mulch film market is witnessing significant growth, with starch-based and starch blend with PLA being the most popular types. These mulch films are widely used in the cultivation of fruits & vegetables, grains, and horticultural crops. The degradable nature of these films makes them an environmentally friendly option compared to traditional plastic mulch films.
In terms of regulatory and legal factors, the degradable mulch film market is governed by strict guidelines to ensure their safe and effective use. Market conditions such as waste management regulations and sustainability initiatives are driving the demand for degradable mulch films. Manufacturers are focusing on developing innovative solutions that comply with these regulations and meet market requirements.
Overall, the degradable mulch film market is expected to continue its growth trajectory, supported by increasing awareness of environmental sustainability and the need for eco-friendly agricultural practices. With advancements in technology and a favorable regulatory environment, the market is poised for further expansion in the coming years.
Top Featured Companies Dominating the Global Degradable Mulch Film Market
The degradable mulch film market is characterized by intense competition due to the presence of several key players. Some of the prominent companies operating in this market include BASF, Novamont, Organix Solutions, BioBag, Plastiroll, PLASTIKA KRITIS, RKW Group, Sunplac, Iris Polymers, Kingfa, and Biolegeen.
These companies play a vital role in the degradable mulch film market by providing innovative solutions that address the growing demand for environmentally friendly agricultural practices. BASF, for example, offers eco-friendly mulch films made from biodegradable polymers that help reduce plastic waste in agricultural fields. Novamont specializes in developing compostable films that break down into natural components, promoting sustainability in agriculture.
Organix Solutions and BioBag focus on producing biodegradable mulch films from renewable resources, providing farmers with effective and sustainable alternatives to traditional plastic mulches. Plastiroll and PLASTIKA KRITIS offer biodegradable mulch films that degrade naturally in the soil, reducing environmental impact.
Companies like RKW Group, Sunplac, Iris Polymers, Kingfa, and Biolegeen also contribute to the growth of the degradable mulch film market by providing a wide range of biodegradable mulch film products to meet the diverse needs of the agriculture industry.
In terms of sales revenue, BASF reported revenue of € billion in 2020, while Novamont had sales of €217 million in the same year. RKW Group reported sales of €1.2 billion in 2020, showcasing the significant market presence and growth potential of these companies in the degradable mulch film market. These companies' contributions to developing sustainable agricultural practices and providing eco-friendly solutions are crucial for the continued expansion of the degradable mulch film market.
- BASF
- Novamont
- Organix Solutions
- BioBag
- Plastiroll
- PLASTIKA KRITIS
- RKW Group
- Sunplac
- Iris Polymers
- Kingfa
- Biolegeen
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Degradable Mulch Film Market Analysis, by Type:
- Starch-based
- Starch Blend with PLA
Starch-based mulch film is derived from natural starch sources such as corn, potatoes, or wheat, providing biodegradability and eliminating the need for post-harvest disposal. Starch blend with polylactic acid (PLA) enhances the film's flexibility and toughness while maintaining eco-friendliness. These types of degradable mulch films help boost market demand due to increased focus on sustainable agricultural practices, reducing plastic waste, and minimizing soil pollution. Farmers are increasingly adopting these environmentally friendly solutions, leading to a growing demand for degradable mulch film in the agricultural sector.
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Degradable Mulch Film Market Analysis, by Application:
- Fruits & Vegetables
- Grains
- Horticultural
Degradable mulch film is used in the agriculture industry for various applications such as fruits & vegetables, grains, and horticultural crops. In fruits & vegetables, it helps retain moisture, control weeds, and improve soil quality. In grains, it aids in moisture conservation and weed suppression. In horticultural crops, it helps regulate soil temperature and promote healthier plant growth.
The fastest growing application segment in terms of revenue is fruits & vegetables, as farmers are increasingly adopting degradable mulch film to improve crop yields and sustainability practices. This growing trend is driven by consumer demand for organic and environmentally-friendly produce.
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Degradable Mulch Film Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The degradable mulch film market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). The Asia-Pacific region is expected to dominate the market with a market share of around 40%, followed by North America with a market share of around 25%. Europe is also expected to have a significant market share of approximately 20%. Latin America and Middle East & Africa are projected to have smaller market shares in the degradable mulch film market.
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