Press release
Biodegradable Mulch Film Market Seeking Excellent Growth 2021 by Investment Feasibility, Sales, Production and Company Introduction: BASF, Novamont, Organix Solutions
Biodegradable mulch film is the material which is derived from plants and animals which is commonly used for maintenance of soil, to avoid the soil contamination and weed control. They minimize the level of herbicides in the farms. In present days they are mostly used in crop Biodegradable plasticion and it is commonly used in specialty crop Biodegradable plastic on as it provides several agronomic benefits.The global biodegradable mulch film market in 2020 was approximately USD 247 million. The market is expected to grow at a CAGR of 8.1% and is anticipated to reach around USD 364 million by 2025. The rising consumer awareness about various Biodegradable plastic benefits, such as maintaining soil moisture and temperature levels coupled with eliminating plastic film disposal, has further enhanced the biodegradable mulch film market growth.
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The increasing environmental concerns about the adverse effects of using polymer-based mulch counterparts such as degrading soil and crop quality have increased the usage of safer and natural biodegradable plastics, such as biodegradable mulch films.
Moreover, the implementation of favourable government regulations supporting the usage of eco-friendly and organic Biodegradable plastic are also driving the market growth. Besides this, the high cost of biodegradable mulch films will hinder the market growth.
The market for biodegradable mulch film is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on product portfolio, product differentiation, applications, and the pricing of products.
The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product. Key players in the market are BASF, Novamont, Organix Solutions, BioBag, Plastiroll, PLASTIKA KRITIS, RKW Group, Sunplac, Iris Polymers, Kingfa, Biolegeen and Others.
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Based On The Application, The Global Biodegradable Mulch Film Market Segmented Into
Fruits & Vegetables
Grains
Horticultural
Others
Based On The Product, The Global Biodegradable Mulch Film Market Segmented Into
Starch-based
Starch Blend with PLA
Others
Based On The Type Of Region, The Global Biodegradable Mulch Film Market Segmented Into
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Company Profile Analysis- The Global Biodegradable Mulch Film Market
BASF
Novamont
Organix Solutions
BioBag
Plastiroll
PLASTIKA KRITIS
RKW Group
Sunplac
Iris Polymers
Kingfa
Biolegeen
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