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Wednesday, June 27, 2018

Biodegradable Mulch Film Market | Growth, Opportunities, Key Driving Factors, Market Scenario and Forecast to 2023


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Biodegradable mulch films are used to cover the top soil in order to provide a conducive environment for crop production and have become important for soil preservation. Thus, the biodegradable mulch film market is booming, as farmers are resorting to the use of these films to retain the quality of soil, thereby, driving the market growth.

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On the basis of raw material, the biodegradable mulch film market is segmented into starch, polylactic acid, polyhydroxyalkanoate (PHA), and others. Of these, the fastest growth during the forecast period will be seen by PHA.

On the basis of crop type, the biodegradable mulch film market is segmented into fruits and vegetables, grains and oil seeds, and flowers and plants. Among these, the fruits and vegetables category is expected to be the fastest growing crop type during the forecast period.

Globally, Asia-Pacific has been the largest biodegradable mulch film market till now. Its high consumption of in the region is attributed to the increasing population, which is creating a need to produce more crops. Apart from this, with the rise in population, the land is becoming scarce, thus compelling farmers to reuse their land for agricultural purpose.

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Some of the major players operating in the biodegradable mulch film industry are AEP Industries Inc., AL-PACK Enterprises Ltd., Armando Alvarez Group, BioBag International AS, RPC bpi Group, Novamont S.p.A., RKW Group, and Yifan Pharmaceutical.

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