Biodegradable Mulch Film Market 2018 to 2023 Set For Rapid Growth,To Reach Around USD 64 Million, By
United States, 10 August 2018
-- Global biodegradable mulch film market is expected to reach $64 million by 2023
Global biodegradable mulch film market is expected to reach $64 million by 2023.The growth of the market is mainly driven by increasing population, awareness regarding the adverse effects of inorganic materials, and stringent environment norms.
Biodegradable mulch films are used to cover the top soil in order to provide a conducive environment for crop production and have become important for soil preservation. Thus, the biodegradable mulch film market is booming, as farmers are resorting to the use of these films to retain the quality of soil, thereby, driving the market growth.
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Globally, Asia-Pacific has been the largest biodegradable mulch film market till now. Its high consumption of in the region is attributed to the increasing population, which is creating a need to produce more crops. Apart from this, with the rise in population, the land is becoming scarce, thus compelling farmers to reuse their land for agricultural purpose. All these factors are driving the demand of these films.
Europe has been the second largest biodegradable mulch film market globally. In the European mulch films market, 95% of inorganic mulching includes the use of fossil-based and non-biodegradable materials that are mostly manufactured outside the region. According to Agriculture Plastics Environment, Europe generated approximately 15,000 tons of waste in 2016 that remained on agricultural land. This accumulation of inorganic mulching waste in the agricultural field led to harmful effects on plant growth and crop yields. These increasing adverse effects on the environment compel manufacturers and farmers to adopt these films.
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Growth of the population, especially in Asia-Pacific, is seen as a major opportunity for the growth of biodegradable mulch film market. This is due to the fact that population of countries such as India and China are increasing at a faster rate as compared to other countries, which is creating a need for increased food production. This results in the scarcity of land and the farmers have to re-use the available land, which in turn leads to increased demand for these films to retain moisture in the soil. Hence, the growth in population is creating opportunities for industry players to penetrate the market.
Some of the major players operating in the biodegradable mulch film industry are AEP Industries Inc., AL-PACK Enterprises Ltd., Armando Alvarez Group, BioBag International AS, RPC bpi Group, Novamont S.p.A., RKW Group, and Yifan Pharmaceutical.
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Web: https://www.psmarketresearch.com Submitted by Jacob, P&S Market Research on Friday, 10 August 2018 at 6:49 PM
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