Press release
Biodegradable Mulch Films Market Reach $64.3 Million By 2024
As per the findings of a report by Grand View Research, Inc., the GLOBAL BIODEGRADABLE MULCH FILMS MARKET is projected to rise to a valuation of USD 64.3 million by the end of 2024. Biodegradable much films are being increasingly recognized worldwide for their low environmental impact as they do not produce any hazardous waste and their disposal is convenient. They offer advantages such as maintaining temperature and soil moisture levels and improving crop yield by hindering weed growth. Rising awareness regarding these advantages is likely to propel the market during the forecast period (2016 to 2024).Traditionally, plastics have been used as mulching material; however, they are non-biodegradable and can have a negative impact on soil. Growing concerns regarding residues of plastic mulch in a soil can stimulate the growth of the market. Biodegradable films offer several benefits over plastic mulch such as eliminating the need to remove and dispose of and thus, curbing the negative impact on the environment. Thermoplastic starch (TPS) is the most widely used raw material for manufacturing biodegradable films. Its demand is poised to proliferate at a CAGR of 7.7% during the forecast period.
Browse Research Report on Biodegradable Mulch Films Market:
http://bit.ly/2NCFSRR
Burgeoning global population and the subsequent rising need for food are creating staggering pressure on farmers to generate greater crop yield. Shrinking arable land owing to the rising industrialization and urbanization is compelling them to enhance productivity in the same land holding. This is working in favor of the market. Spiraling demand for biodegradable mulch is estimated to lower product costs, thereby making inroads in consumption of its polyethylene counterparts.
Favorable government regulations, especially in North America and Europe, are promoting the uptake of eco-friendly products, which is anticipated to provide a fillip to the market. However, existing biodegradable mulch films are not entirely bio-based and contain more than 10% synthetic ingredients. This factor is anticipated to restrict the biodegradable mulch films market from realizing its utmost potential.
Nevertheless, increasing investments in R&D activities to create new bio-based formulas are expected to brighten up the future of the market. For instance, In Feb 2017, Walki developed a new soil mulching solution, which is fiber based and entirely biodegradable. It can be used for weed control, optimization of soil conditions, and to enhance crop yield. It is composed of kraft paper, which is coated with a biodegradable coating layer that retards paper degradation.
The global biodegradable mulch films market has been classified into raw materials, crop, and geography. By raw materials, the market has been categorized into polyhydroxyalkanoates (PHA), aliphatic-aromatic copolyesters (AAC), polylactic acid (PLA), thermoplastic starch (TPS), and others. Demand for PLA-based biodegradable mulch films is projected to witness a 7.6% CAGR during the forecast period.
In terms of crop, the market has been divided into grains and oilseeds, fruits and vegetables, and flowers and plants. The fruits and vegetables segment is poised to lead the market through 2024, registering a CAGR of 7.8% between 2016 and 2024. Demand for biodegradable mulch films for grains and oil seeds may amount to USD 20.3 million by the end of 2024.
Geographically, the market for biodegradable mulch films has been segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific is projected to command a sizeable share in the market through 2024. Rapid industrialization and urbanization are escalating the food demand in the region, thereby contributing to the growth of the market. Changing lifestyles and regulatory scenarios are also playing a vital role in the development of the regional market. Global players are likely to capitalize on the high population growth rates in emerging economies such as China, India, and Indonesia.
Some of the prominent companies in the biodegradable mulch films market are KingfaSci & Tech Co Ltd; AEP Industries Inc.; British Polythene Industries PLC; BioBag International AS, and Al-Pack Enterprises Ltd.
For more information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.
Rohit Suralkar
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: rohit@grandviewresearch.net
For More Info: www.grandviewresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biodegradable Mulch Films Market Reach $64.3 Million By 2024 here
News-ID: 1143321 • Views: …
More Releases from www.grandviewresearch.com
Charging Toward a Smarter Future - Intelligent Infrastructure - Electric vehicle …
The global electric vehicle charging infrastructure market is expected to reach USD 45.59 billion by 2025, according to a new report by Grand View Research, Inc. Governments, across the globe, are striving to encourage the adoption of electric vehicles. Incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote the same.
The increasing adoption of electric vehicles is expected to be more in the passenger cars segment,…
Is Your Business On Cloud Yet? Cloud security?
The global cloud security market size is expected to reach USD 12.63 billion by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.9% during the forecast period. Growing number of targeted cyber attacks and increasing investments in cloud infrastructure are anticipated to trigger the growth of the market.
The burgeoning popularity of cloud infrastructure owing to its benefits such as on-demand services, scalability,…
U.S. MVNO Market Is Expected To Grow At A CAGR Of 7.2% During the Forecast Perio …
The U.S. mobile virtual network operator (MVNO) market size is expected to reach USD 32.19 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.2% CAGR during the forecast period. Increasing demand for value-added services (VAS) over voice services has led to a rise in the adoption of MVNO in U.S.
Increasing demand for roaming MVNO model owing to rise in number of travelers in…
Hydropower Growth Facts and Information: Grand View Research, Inc.
The global installed capacity for hydropower is expected to reach 1,524 GW by 2020, according to a new study by Grand View Research, Inc. Cost advantages of hydropower based electricity generation and the substitution of fossil fuel based power production in an attempt to reduce carbon emission is expected to drive market demand. According to the estimates of the International Energy Agency (IEA), the deployment of sustainable hydropower as proposed…
More Releases for Grand
Grand Opening
FOR IMMEDIATE RELEASE
Samurai Hire
06-Apr-21
We treat candidates like they are our masters – serving them is the highest honor!
What if recruiters actually cared about candidates and did everything they could to serve them?
Johns Island, SC, Samurai Hire opened its doors for the first time on 01-Apr-21.
"I slice through the red-tape most candidates experience looking for a new opportunity. I specialize in recruiting in the IT and Healthcare space. There’s…
Three Grand Opening Celebrations
American Tire Depot rolls into the Summer with momentum. The number one independent tire dealer in California proudly announces the Grand Opening of three new locations in Tulare, Hollywood, and West Covina. The company will be celebrating these new locations with back to back to back weekends filled with excitement of exclusive tire and automotive service offers, free food, giveaways, and plenty of entertainment. The festivities will take place in…
Grand Opening Business Event!
Manscape & Massage Clinic, a revolutionary new business concept. A full service grooming clinic offering Manscape - Massage - Beard & Barber - Spa. Proudly using Organic & Vegan grooming products.
Oklahoma City, Oklahoma: A new approach to the grooming industry is headed to downtown Oklahoma City. It encompasses their own all organic and vegan grooming product line, Manscape Supply Co. The clinic approaches grooming as a head to…
Airhart Construction Grand Opens
Airhart Construction is preparing to unveil a new fully furnished Farmington model on Saturday, October 22 at Fisher Farm, its low-maintenance community of 71 semi-custom single-family homes in Winfield.
The debut of the new model—featuring Airhart Construction’s most in-demand floorplan—is good news for buyers who desire a customizable design, open layout, and plentiful standard amenities, said Christy Whelan, director of sales for Airhart Construction.
“Even more exciting news is,” Whelan added, “is…
New York hotels Soho Grand and Tribeca Grand launch GrandLife Rewards
Guests at the renowned New York hotels, the Soho Grand and Tribeca Grand, can now benefit from GrandLife Rewards, a new preferred guest program.
New York’s celebrated Soho Grand and Tribeca Grand Hotels have just launched GrandLife Rewards, their new guest loyalty program aimed at rewarding their loyal customers at a rate double to that of their previous program. Members now receive two points for every dollar spent.
The points driven program…
Grand Canyon Whitewater’s Facelift Makes for Beautiful Grand Canyon Rafting Va …
Grand Canyon Whitewater has a new style and is looking fine. Grand Canyon Whitewater has been primping all winter long, preparing for your Grand Canyon rafting trip this summer! We are aiming to be the host with the most, and show you the adventure of a lifetime in comfort and style on your next Colorado River rafting trip.
With Grand Canyon Whitewater, living in the wilderness can be as comfortable…
