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Biodegradable Mulch Films Market Size, Share, Growth & Forecast 2024-2033 | Competitive Landscape
Biodegradable Mulch Films Market Size
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According to The Business Research Company's, 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 growth in the historic period can be attributed to growing consumer demand for organic and sustainably grown produce, the rise in global population has increased the demand for food, the increasing adoption of bio-based products, the high demand for starch as a key component in biodegradable materials, and the need for high crop yield.
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%. The growth in the forecast period can be attributed to environmental awareness and concerns about plastic pollution, the expansion of organic farming practices, the adoption of sustainability initiatives, the ongoing need to enhance crop yields and agricultural productivity, and future economic incentives and subsidies for sustainable farming practices. Major trends in the forecast period include advancements in manufacturing processes that reduce the cost of producing biodegradable mulch films, the development of new and improved biodegradable polymers, increased use of bio-based materials, the integration of smart technologies, and the and the development of biodegradable films reinforced with natural fibers.
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Market Drivers and Trends:
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.
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Major Key Players of the Market:
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
Biodegradable Mulch Films Market 2024 Key Insights:
• 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%.
• Boosting Organic Food Crop Production For A Sustainable Future
• Product Innovation Driving The Future Of Sustainable Solutions
• North America was the largest region in the biodegradable mulch films market in 2023
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