Global Mulch Films Market Size By Type (Clear/Transparent, Black), By Application (Agricultural farms, Horticulture), By Element (LLDPE, LDPE), By Geographic Scope And Forecast
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Mulch Films Market Size By Type (Clear/Transparent, Black), By Application (Agricultural farms, Horticulture), By Element (LLDPE, LDPE), By Geographic Scope And Forecast
Mulch Films Market Size And Forecast
Mulch Films Market size was valued at USD 4.27 Billion in 2024 and is projected to reach USD 6.97 Billion by 2031, growing at a CAGR of 6.30% from 2024 to 2031.
The Global Mulch Films Market is expected to register accelerated growth over the forecast years. Improving crop productivity demand with decreasing arable land is expected to remain a key driving factor for market growth. Key Mulch Films applications include retaining moisture & maintaining temperature in the soil. increasing use for the mentioned applications along with implementation in greenhouse farming is fostering the market growth. The Global Mulch Films Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Mulch Films Market Definition
Mulch Films are extensively used on the soil to decrease weed growth and improve crop yield. They are also utilized for retaining moisture levels in the soil and shielding the soil from Ultraviolet (UV) rays. Mulch Films are organic mulching plastics obtained from plants and animals, giving advantages such as maintenance of soil structure, weed control, and prevention of crops from soil contamination. Mulch Films applications involve retaining moisture & maintaining temperature in soil, providing nutrients, ultraviolet (UV) ray protection, slacken weed activity, overcome soil erosion & compaction, bolster seed germination, and aesthetics.
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Global Mulch Films Market Overview
Mulch Films are being regularly used in agriculture and horticulture to transform and minimize weed growth, and soil temperature, and increase crop yield. There is expanding awareness about Mulch Films amongst consumers due to benefits such as the early harvest of crops, minimum investment in weedicides, and an expansion in the quantitative output of crops. This is expected to boost the growth of the Global Mulch Films Market. Moreover, Mulch Films are used to give a desirable climate, intensify soil nutrients, and control the value of nutrients.
Usage of Mulch Films increases the production rate. Hence, the use of Mulch Films has become a common practice. In the case of the cultivation of fruits and vegetables, the adoption of Mulch Films has shown maximum growth. Furthermore, Mulch films are used in greenhouses to shield plants from weather conditions such as rain and wind and to regulate internal temperature. The atmosphere inside greenhouses has high relative humidity and the use of Mulch Films is beneficial in the reduction of water evaporation from soil and improvement in the atmosphere around crops and plants.
Tomatoes are broadly used in food processing applications and can be nurtured for a longer span in greenhouses by exercising Mulch Films. There are certain reserves and limitations endured that will restrict the overall market growth factors. The factors such as High installation cost, along with the addition of harmful additives during the manufacturing process are estimated to sluggish growth during the forecast period. The shortage of availability of such Mulch Films with excessive initial costs is challenging the growth. Moreover, the involvement of plasticizers in the manufacturing of biodegradable Mulch Films to make profits may inhibit the growth of the market.
Further, excessive use of Mulch Films might hamper soil quality, as both, biodegradable & non-biodegradable Mulch Films do not decompose 100%. Moreover, the elimination of plastics is a difficult and complicated process. Also, biodegradable mulch films are costlier than non-biodegradable films. These are also potential restraints hampering the overall growth of the global market. Nevertheless, the continuous developments in farming techniques coupled with growing awareness of crop wastage reduction, rapid adoption of modern farming methods, especially in Asia Pacific countries.
Global Mulch Films Market Segmentation Analysis
The Global Mulch Films Market is Segmented on the basis of Type, Application, Element, And Geography.
Mulch Films Market, By Type
- Clear/Transparent
- Black
- Colored
- Degradable
- Others
Based on Type, the market is segmented into Clear/Transparent, Black, Colored, Degradable, and Others. The Black mulch segment holds the largest market share and clear/transparent mulch is estimated to witness the highest CAGR during the forecast period. The factors that can be attributed to the demand for agricultural crops that have led to the need for higher crop yield to are driving the demand for this segment.
Mulch Films Market, By Application
- Agricultural farms
- Horticulture
Based on Application, the market is segmented into Agricultural farms and Horticulture. The Agricultural Farms segment holds the largest market share during the forecast period. The mulch films are widely employed by rural farmers. They are also used in commercial agricultural practices.
Mulch Films Market, By Element
- LLDPE
- LDPE
- HDPE
- EVA
- PLA
- PHA
Based on Element, the market is segmented into LLDPE, LDPE, HDPE, EVA, PLA, and PHA. The LLDPE segment holds the largest market share and EVA is estimated to witness the highest CAGR during the forecast period. EVA films have tremendous flexibility and extreme weatherability compared to PE films and PVC films.
Mulch Films Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Mulch Films Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific holds the largest market share. Economic growth, growing foreign direct investment demand for food products, and an increase in per capita income will boost the market in the APAC region.
Key Players
The “Global Mulch Films Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, British Polythene Industries, Berry Plastics Group, Ab Rani Plast Oy, DOW Chemical Company, Novamont, RKW Group, Al-Pack Enterprises Ltd., Armando Alvarez, and AEP Industries.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | BASF SE, British Polythene Industries, Berry Plastics Group, Ab Rani Plast Oy, DOW Chemical Company, Novamont, and RKW Group |
SEGMENTS COVERED | By Type, By Application, By Element, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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