Mulch Films Market Segments, Opportunity, Growth and Forecast by End-Use Industry till 2028
The global mulch films market is expected to reach a market size of USD 6,697.2 Million by 2028 and register a steady CAGR over the forecast period, according to a latest report by Reports and Data. The mulch films market is witnessing robust growth due to rising demand for higher crop yields worldwide. According to statistics released by the United Nations, the world population was 7.3 billion people in 2016 and is estimated to reach 9.7 billion by 2050. Rapidly increasing population growth and increasing purchasing power parity in developing economies is leading toward a shift in dietary habits comprising more protein intake, and this is another factor fueling global demand for food. Demand for food is expected to increase by 59% to 98% by 2050. Mulch films are widely employed to alter soil temperature, prevent moisture loss, hinder weed growth, and improve crop productivity.
Mulch films for greenhouses are used to shield plants
from weather conditions such as rain and wind and to regulate internal
temperatures and prevent considerable changes in temperature in greenhouses.
The atmosphere inside greenhouses has high relative humidity. Use of mulch
films is beneficial in the reduction of soil evaporation and improvement in the
atmosphere around crops and plants.
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Competitive Outlook:
This section of
the report performs a thorough investigation into the intensely competitive
landscape of the global Mulch Films market, highlighting the leading
manufacturers, strategic initiatives adopted by them, the existing growth
prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental
strategies undertaken by these companies, including product innovation, new
product launches, and technological upgradation. Moreover, the report studies
the notable business events observed in this industry, such as mergers &
acquisitions, joint ventures, partnerships, corporate deals, and brand
promotions.
Key
companies operating in the market and profiled in the report include:
· Dow
Chemical Company
· Novamont
SPA
· RKW
Group
· British
Polythene Industries PLC
· BASF
SE
· Armando
Alvarez Group
· Berry
Global Inc
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Some Key Findings in the Report
- Black
mulch films is the most commonly used type of mulch films owing to
benefits in preventing sunlight from scorching the soil, better weed
control, and preventing evaporation of groundwater. Black polypropylene
mulches are used in greenhouses as weed barriers.
- Metallic
mulches are mostly used in orchards due to ability to prevent insects and
some kinds of birds from damaging fruits and to improve sunlight
reflection.
- High-density
polyethylene is extensively used in the production of mulch films as it is
lighter and sturdier compared to low-density polyethylene of the same
thickness. It offers benefits such as easy process-ability, superior
chemical resistance, improved durability, and elasticity.
- Europe
accounted for a substantially large revenue share in the global market in
2020, owing to increasing adoption of various methods to improve crop
yield. Agriculture sector accounted for 1.1% of the GDP of Europe in 2018,
and besides, cropland and grassland collectively account for around 39.0%
of the land cover in the region.
- In
February 2020, Novamont announced that its product, MATER-BI bioplastic,
used for production of soil-biodegradable mulch films, had received
certification to comply with the AIAB Technical Means specification. The
AIAB Technical Means specification intends to provide all farmers with
products that are environmentally compatible and comply with ethical and
technical sustainability requirements.
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For the purpose of this report, Reports and Data has
segmented the global mulch films market on the basis of product type, raw
material, crop type, and region:
Product Type Outlook (Revenue, USD
Billion; Volume, Kilo Tons; 2018–2028)
- Non-biodegradable
Mulch Films
- Clear
Mulch Films
- Black
Mulch Films
- Colored
Mulch Films
- Others
- Biodegradable
Mulch Films
Raw Material Outlook (Revenue, USD
Billion; Volume, Kilo Tons; 2018–2028)
- Low-density
Polyethylene (LDPE)
- High-density
Polyethylene (HDPE)
- Linear
Low-density Polyethylene (LLDPE)
- Ethylene-Vinyl
Acetate (EVA)
- Polylactic
Acid (PLA)
- Polyhydroxyalkanoate
(PHA)
- Others
Crop Type Outlook (Revenue, USD Billion;
Volume, Kilo Tons; 2018–2028)
- Fruits
& Vegetables
- Grains
& Oilseeds
- Flowers
& Plants
Key Benefits of Buying the Global Mulch
Films Report:
- Comprehensive
analysis of the changing competitive landscape
- The
report offers an 8-year forecast and assessment of the Global Mulch Films
Market
- Helps
in understanding the key product segments and their estimated growth rate
- In-depth
analysis of market drivers, restraints, trends, and opportunities
- Comprehensive
regional analysis of the Global Mulch Films Market
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Key Questions
Answered in the Report:
What is the growth rate of the Mulch Films market? What is the
anticipated market valuation of Mulch Films industry by 2028?
What are the key growth driving and restraining factors of the Mulch
Films market?
What are the key opportunities and growth prospects of the Mulch Films
industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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