Press release
Biodegradable Mulch Film Market Value To Cross $62,039 Thousand By 2023 | Growth With Recent Trends & Demand
biodegradable mulch film market
Prime determinants of growth
Rise in demand for breathable films in construction sector and personal care and hygiene industry and surge in growth in healthcare sector drive the growth of the global breathable films market. However, easy availability of substitute products hinders the market growth. On the other hand, growing trend for packed food products present new opportunities in the coming years.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/11951
Covid-19 Scenario
The outbreak of COVID-19 negatively impacted the breathable films market, owing to the fact that it is dependent on construction, textile, and manufacturing sports apparel sectors. In a report published by the Eurostat, it is revealed that construction production in March 2020 declined by 25.4% in the European Union as compared to March 2021.
Furthermore, several manufacturing industries have suspended their operations due to the risk of infections among the workforce.
Moreover, the demand for personal care & hygiene products has increased during this phase and is expected to rise even more, thereby fueling the demand for breathable film. Also, people have started adopting healthy eating habits which has further fueled the demand for the product.
The polythylene segment to maintain its lead position during the forecast period
Based on material, the polyethylene segment held the highest share in 2020, accounting for more than two-fifths of the global breathable films market, and is expected to maintain its lead position in terms of revenue during the forecast period. This is attributed to the fact that polyethylene is one of the raw materials used for manufacturing breathable (micro porous) films in the hygiene industry. However, the polypropylene segment is estimated to manifest the largest CAGR of 8.7% from 2021 to 2030. The polypropylene-based breathable films possess various significant properties such as high permeability, low-temperature flexibility, abrasion resistance, high durability, pH stability, and others which propel the growth of the segment.
Get Detailed COVID-19 Impact Analysis on the Breathable Films Market @ https://www.alliedmarketresearch.com/request-for-customization/11951?reqfor=covid
The monolithic segment to maintain its leadership status during the forecast period
Based on technology, the monolithic segment accounted for the highest share in 2020, contributing to nearly two-third of the global breathable films market, and is estimated to maintain its leadership status during the forecast period. In addition, the segment is projected to portray the fastest CAGR of 8.6% from 2021 to 2030. This is attributed to the fact that the breathable film includes a monolithic core layer (skin layer) that comprises at least one highly breathable polymer and filler. The monolithic breathable film possesses significant properties including high permeability, strength, excellent vapor transmission, and bacteria & viruses resistance, which make it suitable for a wide range of applications.
Asia-Pacific to continue its dominant share, North America to grow significantly by 2030
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than two-fifths of the global breathable films market, and is expected to continue its dominant share by 2030. In addition, the region is estimated to register the highest CAGR of 9.1% during the forecast period, owing to rapid growth of industrialization and low operating cost. This is attributed to development of the food packaging and textile sectors in Asia-Pacific region. On the other hand, the North America region is expected to grow significantly.
Leading Market Players
SWM International
Berry Global Group
Nitto Denko Corporation
Covestro
Fatra A.S.
Mitsui Chemicals, Inc.
Arkema
RKW Group
Skymark Packaging Ltd.
Trioworld
Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/breathable-films-market/purchase-options
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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 Film Market Value To Cross $62,039 Thousand By 2023 | Growth With Recent Trends & Demand here
News-ID: 2688709 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
