Biodegradable Mulch Film Market Projected to Witness CAGR of 9.4% in Near Future

Mulching is technique used in the agricultural fields to provide a better environment for crop production as a physical barrier is created to reduce the evaporation of soil water. The implementation of this technique maintains oil structure, assists in controlling weed, and prevents crop from soil contamination. Mulching can be done by utilizing both organic and inorganic materials. However, the awareness regarding the adverse effects of inorganic mulching is rising.

Get the sample copy of the market report: https://www.psmarketresearch.com/market-analysis/biodegradable-mulch-film-market/report-sample

As per a research conducted by P&S Intelligence, the global biodegradable mulch film market reached a value of $34.1 million in 2016 and is expected to register a 9.4% CAGR in the coming years. This is because the waste produced by biodegradable or organic mulching is transformed into methane, carbon dioxide, biomass, or water and is not required to be disposed like the waste produced by inorganic mulching.

Mulching done by utilizing inorganic materials, including black polyethylene, poses risks to human health and causes environmental hazards. Since inorganic mulching materials are produced using petroleum-based plastics, they are non-compostable and pollute the environment. About 0.4-0.6 million tons of plastic waste per year is generated in the European Union because of inorganic mulching. Attributed to all these factors, the demand for biodegradable mulch film is on the rise around the world.

Make enquiry before purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=biodegradable-mulch-film-market

Geographical Analysis of Biodegradable Mulch Film Market

Together, APAC and Europe are expected to account for over 60% share, in terms of volume in the global biodegradable mulch film market by 2023. This can be mainly attributed to increasing in population, which is expected to rise the demand for food in India, China, South Korea, and other countries.

Other geographies, which include North America and LAMEA, also hold considerable shares in the market, on account of increasing demand for biodegradable mulch film, owing to the growing population in U.S., Brazil, and South Africa.

The U.S. is expected to lead the North American market, generating revenue of over $5,728 thousand by 2023. This can be mainly attributed to the increase in demand for food to growing population.

Competitive Landscape of Biodegradable Mulch Film Market

Some major players in the market include AEP Industries Inc., AL-PACK Enterprises Ltd., Armando Alvarez Group, BioBag International AS, RPC BPI Group, Novamont SpA, and RKW Group.

Market Size Breakdown by Segment

The Biodegradable Mulch Film Market report offers comprehensive market segmentation analysis along with market estimation for the period 2016-2023.

Based on Raw Material

Starch
Polylactic Acid
Polyhydroxyalkanoate
Based on Crop Type

Fruits & Vegetables
Grains & Oil Seeds
Flowers & Plants
Geographical Analysis

North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific (APAC)
China
Japan
India
South Korea
Australia
Latin America (LATAM)
Brazil
South Africa

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.