The global biodegradable mulch films market was worth US$ 41.7 Million in 2018. Biodegradable mulch film refers to an organic layer composed of natural materials that biodegrade in the soil without leaving any harmful residues. It is generally used in specialty crop production as it offers several agronomic benefits. Biodegradable mulch film helps in accelerating plant growth, water retention, preventing weed production, curbing soil contamination, increasing crop yields, and maintaining soil nutrition. Besides this, the mulch film, based on its biological properties, has a positive environmental impact as compared to the conventional polyethylene (PE) mulch. Owing to these benefits, biodegradable mulch films find wide applications pertaining to modern agriculture techniques, including organic farming and crop rotation.
The rising environmental concerns towards the adverse effects of polymer-based mulch counterparts in degrading soil and crop quality have increased the penetration of safer and natural products, such as biodegradable mulch films. Furthermore, the escalating consumer awareness towards several product benefits, such as maintaining soil moisture and temperature levels along with eliminating plastic film disposal, has further stimulated the market growth. Apart from this, the implementation of favorable government regulations promoting the utilization of eco-friendly and organic products has positively influenced the demand for biodegradable mulch films. Additionally, the growing population, coupled with agricultural land shrinkage due to rapid urbanization, has propelled the farmers to boost productivity rates. This has resulted in the rapid adoption of modern farming methods, including biodegradable mulch films, for enhancing soil quality and increasing crop yields. Moreover, various technological advancements, such as the integration of natural mulch films with biopolymers for producing durable and premium products, will continue to fuel market growth in the upcoming times. Looking forward, IMARC Group expects the market to reach a value of US$ 64.3 Million by 2024, registering a CAGR of 7.5% during 2019-2024.
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, BioBag International AS, Kingfa Sci & Tech Co. Ltd., Armando Alvarez, British Polythene Industries, Ab Rani PlastOy., Al-Pack Enterprises Ltd., RKW SE, Novamont S.p.A., AEP Industries, etc.
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