NEW YORK, March 21, 2018 (GLOBE NEWSWIRE) — According to the new research report published by P&S Market Research, global biodegradable mulch film market is expected to reach $64 million by 2023, the growth of the market is mainly driven by increasing population, awareness regarding the adverse effects of inorganic materials, and stringent environment norms.
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 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. All these factors are driving the demand of these films.
Browse report overview with 117 tables and 65 figures spread through 142 pages and detailed TOC on “Biodegradable Mulch Film Market”: https://www.psmarketresearch.com/market-analysis/biodegradable-mulch-film-market
Europe has been the second largest biodegradable mulch film market globally. In the European mulch films market, 95% of inorganic mulching includes the use of fossil-based and non-biodegradable materials that are mostly manufactured outside the region. According to Agriculture Plastics Environment, Europe generated approximately 15,000 tons of waste in 2016 that remained on agricultural land. This accumulation of inorganic mulching waste in the agricultural field led to harmful effects on plant growth and crop yields. These increasing adverse effects on the environment compel manufacturers and farmers to adopt these films.
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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