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Global Biodegradable Mulch Film Market worth over US$ 54.1 Mn by 2024: Qy Market Research, Inc.

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Global Biodegradable Mulch Film Market worth over US$ 54.1 Mn by 2024: Qy Market Research, Inc.

January 08
02:22 2019

Global Biodegradable Mulch Film Market
According to the new report published by QY Research, the global biodegradable mulch film market is projected to grow at a sluggish CAGR of 0.78% during the forecast period 2017-2024. Titled “Global Biodegradable Mulch Film Market Research Report 2018,” the report offers an encyclopedic study of the market, taking into account its competition, segmentation, regional growth, and other significant aspects.
By the end of 2024, the market could be valued at a US$ 54.1 Mn, growing from a US$ 50.37 Mn earned in 2017. In terms of production, the market grew to 16,881 tons touched in 2017 from 14,543 tons reached in 2013 at a 3.8% CAGR.

Global Biodegradable Mulch Film Market: Drivers and Restraints

Biodegradable mulch film can be a good alternative to polyethylene plastic mulch as the latter raises environmental concerns with its high volume of waste generation. Furthermore, polyethylene mulch requires petroleum-based, non-renewable feedstock, which raises questions on its use in crop production.

However, low penetration of biodegradable varieties in the mulch film industry could cause problems to the market. The willingness of farmers to adopt affordable polyethylene products is expected to result into the low penetration of biodegradable mulch film. The two times higher price difference between them could be another factor slowing down the demand for biodegradable mulch film in the industry.

Nonetheless, biodegradable mulch film offers some excellent advantages, which could work in favor of the market. Thermoplastic starch is anticipated to gain high demand in the global biodegradable mulch film market due to its availability from agricultural crops, biodegradability, abundance, renewability, and low cost.

Get Sample PDF Copy of the Report at https://www.qyresearch.com/sample-form/form/186002/global-biodegradable-mulch-film-market

Biodegradable materials made from renewable sources are seeing high adoption because of the shift in focus from traditional synthetic polymers owing to their environmental issues.

Global Biodegradable Mulch Film Market: Forecast by Product and Application

On the basis of product, the global biodegradable mulch film market is segmented into the starch blend with PLA, starch-based, and others. By application, it sees a classification into horticultural, grains, fruits and vegetables, and others.

Global Biodegradable Mulch Film Market: Regional Analysis

From a geographical perspective, the global biodegradable mulch film market is foreseen to witness the lead taken by Europe. Biodegradable mulch film secures an over 10.0% of the market share in the region. The regional biodegradable mulch film market is already following a rising growth trend. The development of the biodegradable mulch film industry receives the support of new European policies.

North America ranks second on the list of top regions increasing the demand for biodegradable mulch film. However, Asia Pacific shows impressive growth potential on the back of China and India, which are the leading country-level markets in the region. However, the biodegradable mulch film industry in emerging countries lacks the support of explicit policies unlike in Europe. Biodegradable mulch film hardly takes less than 1.0% of the market share in these countries.

Global Biodegradable Mulch Film Market: Key Players

Some of the major manufacturers of biodegradable mulch film are Plastiroll, BioBag, Organix Solutions, Novamont, and BASF. Among these, BASF leads the biodegradable mulch film market globally. It collected a 23.56% share of the market in 2017. In the same year, the company’s production reached 3,978 tons.

Explore Detailed TOC, Tables, Figures, Charts and Companies Here: https://www.qyresearch.com/index/detail/186002/global-biodegradable-mulch-film-market

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QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from the huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in the consulting industry.

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