Biodegradable Mulch Film Market Trends, Business Strategies, Regional Outlook, Challenges and Future Scope

The earth is presently home to 7.7 billion people, whose number is expected to boom to almost 11 billion in 2100, as per the United Nations (UN)’ World Population Prospects 2019 report. This has been putting the global farming community under immense pressure to increase their yield from the limited land available. To make matters worse, the farming area is reducing sharply as cities are growing to accommodate the rising number of people.

As per P&S Intelligence, this will be the biggest reason behind the quick growth of the biodegradable mulch film market value, which was $34,145.1 thousand in 2016, to $64,039.0 thousand by 2023, at a 9.4% CAGR between 2017 and 2023. This is because as conventional farming techniques are proving ineffective in increasing the agricultural production at the rate at which it should increase, the agrarian community is looking at modern ways to do so.

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Mulching is now commonly utilized to protect the soil from pests and other elements, such as dryness, heat, and excessive rain. In this process, the soil is covered with a thin film, with holes created in it where the seeds are sown and the plants are supposed to grow out of. The mulch films can be inorganic, made of plastic or comprising stones or bricks, or organic, comprising grass clippings, bark chips, and straw. Since inorganic variants have several disadvantages, the increasing awareness of farmers and governments on them is now propelling the popularity of organic films.

Mulch films made from all these materials are being used for growing fruits and vegetables, flowers and plants, and grains and oilseeds. Among these, most farmers use these films for the cultivation of fruits and vegetables as the consumption of these agricultural products is much higher than of grains and oilseeds. Moreover, with the increasing awareness on staying healthy, by eating a low-fat and low-calorie diet, many people are raising their fruit and vegetable intake and consuming less of grains and oils.

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Globally, Asia-Pacific (APAC) is the largest biodegradable mulch film market, a situation that will, most likely, not change in the years to come. Being the most-populated region in the world, APAC generates a massive demand for agricultural produce, much of which is still unmet. Therefore, farmers are adopting mulching and other new techniques to increase their crop production. In addition, the region is home to some of the largest cities in the world, including Tokyo, Delhi, Beijing, Shanghai, Dhaka, and Karachi, which are taking up more farmlands every year.

Thus, as cities expand and farmlands diminish, more farmers will take up mulching and other techniques to boost their yield.

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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.