MarketsandMarkets projects the global biodegradable mulch film market size to grow from USD 35.76 Million in 2016 to USD 52.43 Million by 2021, at a CAGR of 7.95% from 2016 to 2021.
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The growth of the biodegradable mulch film market can be attributed to the rising demand of biodegradable mulch films in greenhouse, increased applications in agriculture, and rising environmental concerns that shifted the focus of growers toward eco-friendly mulch films. Furthermore, market players are responding to these new opportunities of increasing crop output by expanding their global presence and product lines.
The biodegradable mulch film market is segmented on the basis of type, biodegradable plastic, crop type, and region. The years considered for the study are as follows:
- Base year – 2015
- Estimated year – 2016
- Projected year – 2021
- Forecast period – 2016 to 2021
The starch segment in the biodegradable mulch films market is projected to have the largest share in terms of size, during the forecast period. Starch has gained high demand in the biodegradable mulch films market owing to its wide availability, low cost, and potential application in the production of biodegradable mulch films. Starch-based mulch films have become popular with starch being an inexpensive and abundant natural polymer that can produce a film structure. In addition, it also degrades into harmless products when placed in contact with soil microorganisms. High amylose content in starch helps in the formation of strong and flexible biodegradable mulch films.
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The high demand of thermoplastic starch in the biodegradable mulch films market can be attributed to its low cost, renewability, abundance, biodegradability, and availability from agricultural crops. Additionally, the environmental issues concerning the use of conventional synthetic polymers have shifted the focus of growers toward the adoption of biodegradable materials made from the renewable resources. This has driven the growth of thermoplastic starch in the biodegradable mulch film market.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. The biodegradable mulch films market is diversified and competitive, with a large number of players. The key players in the biodegradable mulch films market include BASF SE (Germany), Kingfa Sci & Tech Co Ltd (China), BioBag International AS (Norway), AEP Industries Inc. (U.S.), and RKW SE (Germany), while other players include British Polythene Industries PLC (U.K.), Armando Alvarez (Spain), Al-Pack Enterprises Ltd. (Canada), Novamont S.Pa. (Italy), and AB Rani Plast OY (Finland).
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