Biodegradable Mulch Film Market REPORT OVERVIEW
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The global biodegradable mulch film market size was USD 55 million in 2022 and market projected to touch USD 73.9 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.3% during the forecast period.
The benefits of biodegradable mulch film, which are organic mulching materials derived from plants and animals, include weed control, soil structure maintenance, and crop contamination prevention. An environmentally friendly substitute for traditional polyethylene (PE) mulch is biodegradable mulch film. Biodegradable mulch is tilled into soil where it is anticipated that it will decompose, in contrast to PE films, which must be removed after use.
It may have an impact on soil microbial communities in two different ways: first, as a surface barrier before soil incorporation, which may have an indirect impact on soil microclimate and atmosphere (similar to PE films); and second, as a direct input of physical fragments after soil incorporation, which may add carbon, microorganisms, additives, and adherent chemicals. Increased microbial activity and an enrichment of fungal taxa may follow its incorporation into soil. This suggests that even though the total carbon input from biodegradable mulch film is negligible, the dynamics of soil organic matter may be impacted by a stimulatory effect on microbial activity.
COVID-19 Impact: Industry Imbalance Causes Market Distortion
The COVID-19 outbreak caused problems for manufacturers of chemicals and advanced materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for equipment. Machine manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this pressing scenario. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall chemicals and advanced materials industry. This has partially impacted the biodegradable mulch film market.
LATEST TRENDS
"Use of Thermoplastic Starch to Boost the Market Growth"
The market sales are rising quickly due to the expanding use of thermoplastic starch (TPS). This trend is a key contributor to the market's expansion. When TPS is buried in soil, harmless byproducts are produced. The use of biodegradable materials, which are derived from renewable resources, has gained attention in response to growing environmental concerns regarding conventional synthetic polymers used in the production of agricultural films. The aforementioned elements are predicted to increase the need for thermoplastic starch in the production of biodegradable mulch film, which is predicted to increase the product's market value. The primary source of food calories is high starch-containing crops. Thus, it is anticipated that the thermoplastic starch will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.
Biodegradable Mulch Film Market SEGMENTATION
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- By Types
Based on type, the market is classified into Starch Based, Starch Blend with PLA & Others.
- By Application
Based on application, the market is categorized into Fruits and Vegetables, Grains, Horticultural & Others.
DRIVING FACTORS
"Increase in Consumption of Food Gives the Market Extra Boost "
Major nations around the world have experienced dramatic population growth. This situation has put a strain on the basic resources, particularly food. Due to population growth, there has also been an increase in food consumption per person. A significant population increase is anticipated in almost all major nations around the world. It is anticipated that this factor will put pressure on food production, forcing farmers to choose effective methods of food production. This fact will undoubtedly be advantageous for the biodegradable mulch film industry, as these films offer efficient crop protection, increased yield, and improved production cycles. High-quality food crops have been cultivated in an effort to meet the rising demand brought on by the increased per capita food consumption. Thus, it is anticipated that throughout the forecast period, demand for mulch film will rise. As a result, the growth, and the increasing consumption of food will boost the market. It will contribute to the expansion of the chemicals and advanced materials industry and it will improve the overall biodegradable mulch film market growth.
"Fruits & Vegetables Sector to Encourage Market Expansion "
The agricultural sector has acknowledged the major advantages of biodegradable mulch film in reducing soil compaction, fertilizer leaching, weed issues, and increasing soil temperature, which aids in obtaining higher yield and increasing early growth in crops while providing the additional benefit of biodegrading. The biodegradable mulch film appears to be the best option for replacing the conventional polyethylene mulches due to the high proportion of mulch films used in fruits and vegetables and all the environmental issues associated with their disposal. These biodegradable mulches have the advantage of being disposed of directly into the soil or into a composting system at the end of their lifetime and undergo biodegradation by soil microorganisms. The advancement of the product is helping the market to grow.
RESTRAINING FACTORS
"High Initial Cost to Impede Market Expansion"
The market's expansion is hampered by high installation costs and the use of hazardous additives in the manufacturing process. The lack of such mulch films, which have high initial costs, is impeding growth. Furthermore, with farmers becoming more aware of the issue, the use of plasticizers in the production of biodegradable mulch could present a market challenge. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.
Biodegradable Mulch Film Market REGIONAL INSIGHTS
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"North America Dominating the Market Across the Globe"
The market for biodegradable mulch film in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The fruits and vegetables, grains, horticultural sector rising product demand is the primary factor boosting biodegradable mulch film market share. Trends toward rapid urbanization will support the market as a whole even more.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.
List of Market Players Profiled
- Novamont (Italy)
- BASF (Germany)
- BioBag (U.S.)
- Biolegeen (U.S.)
- Organix Solutions (U.S.)
REPORT COVERAGE
The research goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including current and potential market leaders. A sizable market expansion is anticipated as a result of a number of important factors. The research also examines factors that may increase the biodegradable mulch film market share in order to provide market insights. The report makes forecasts for market expansion over the anticipated time period. The objective of the regional research is to explain why one region dominates the global market. A number of properly taken into account factors prevent the industry from growing. The research also includes a strategic analysis of the market. It includes thorough market information.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 55 Million in 2022 |
Market Size Value By |
US$ 73.9 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the biodegradable mulch film market expected to touch by 2031?
Based on our research, the biodegradable mulch film market is projected to touch USD 73.9 million by 2031.
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What CAGR is the biodegradable mulch film market expected to exhibit by 2031?
The biodegradable mulch film market is expected to exhibit a CAGR of 3.3% by 2031.
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Which are the driving factors of the biodegradable mulch film market?
Increasing in Consumption of Food that gives the market extra boost & fruits & vegetables sector to encourage biodegradable mulch film market expansion.
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What is the restraining factor of the biodegradable mulch film market?
High Initial Cost to impede biodegradable mulch film market expansion.