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Biodegradable Mulch Films Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033
Biodegradable Mulch Films Market
As per the report, the biodegradable mulch films market size has grown strongly in recent years. It will grow from $44.09 billion in 2023 to $47.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The biodegradable mulch films market size is expected to see strong growth in the next few years. It will grow to $66.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Boosting Organic Food Crop Production For A Sustainable Future
Th increasing demand for organic food crops is expected to propel the growth of the biodegradable mulch film market going forward. Organic food crops are grown without synthetic pesticides, fertilizers, or genetically modified organisms, relying on natural processes and sustainable farming practices. Organic food crop production is increasing due to growing consumer demand for healthier, pesticide-free food options and a heightened awareness of environmental sustainability. Biodegradable mulch films as eco-friendly alternatives align perfectly with the principles of organic farming by enhancing soil health, reducing weed growth, and minimizing environmental impact. For instance, in June 2022, according to a survey published by the Organic Trade Association (OTA), a US-based business association for the organic industry, organic food, which accounted for over 90% of organic product sales, experienced 2% growth, reaching $57.5 billion. Moreover, organic fruits and vegetables comprised 15 percent of the overall product market, generating revenue exceeding $21 billion in 2021, which increased by 4.5% compared to the previous year. Therefore, increasing demand for organic food crops is driving the growth of the biodegradable mulch film market.
Product Innovation Driving The Future Of Sustainable Solutions
Major companies operating in the biodegradable mulch film market are developing sustainable alternatives, such as sustainable compostable kraft paper mulch, to advance their offerings and increase brand reach. Compostable Kraft paper mulch is an environmentally friendly mulching material made from kraft paper that decomposes naturally, contributing to soil health and sustainability efforts. For instance, in October 2023, Mondi Plc, a UK-based company engaged in sustainable packaging and paper, partnered with Cotesi S.A., a Portugal-based producer of twine, nets, and ropes for the agricultural sector, to introduce Advantage Kraft Mulch. It is a sustainable alternative to traditional plastic mulch films used in farming. This innovative product is crafted entirely from responsibly sourced 100% kraft paper, offers farmers an eco-friendly solution for crop protection against birds, weeds, soil erosion, sunlight, and rainfall. It holds industrially compostable certification (DIN EN 13432) and provides comparable crop protection to plastic mulch films.
The biodegradable mulch films market covered in this report is segmented -
1) By Biodegradable Plastic: Thermoplastic Starch (TPS), Aliphatic-Aromatic Copolyesters (AAC), Controlled Degradation Masterbatches
2) By Composition: Starch, Starch Blended With Polylactic Acid (PLA), Starch Blended With Polyhydroxyalkanoate (PHA)
3) By End-Use Industry: Horticulture, Agriculture
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Major companies operating in the biodegradable mulch films market are BASF SE, Mitsubishi Chemical Corporation, Berry Global Group, Mondi Group, Kuraray Co. Ltd., Napco National, RKW Group, Plastika Kritis S.A., Kingfa Sci & Tech Co. Ltd., Ginegar Plastic Products Ltd., Profol GmbH, Armando Alvarez Group, PolyExpert inc., Dubois Agrinovation, Novamont S.p.A., AL-PACK Enterprises Ltd., Agriplast Tech India Pvt Ltd, Barbier Group, Polythene UK Ltd, FKuR Kunststoff GmbH, BioBag International AS, Organix Solutions, Balson Polyplast Private Limited, FilmOrganic Inc., Coverfields, EcoWhizz SA Ltd., Fujian Greenjoy Biomaterial Co. Ltd., Fortune Multipak
Contents of the report:
1. Executive Summary
2. Biodegradable Mulch Films Market Report Structure
3. Biodegradable Mulch Films Market Trends And Strategies
4. Biodegradable Mulch Films Market - Macro Economic Scenario
5. Biodegradable Mulch Films Market Size And Growth
…..
27. Biodegradable Mulch Films Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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