Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the mulch films market provides in-depth analysis of
segments and sub-segments in the global as well as regional mulch films market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional mulch films market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global mulch films market. According to the
report, the global mulch films market is projected to grow at a CAGR of 6.9%
over the forecast period of 2021-2027.
The global mulch films market was
valued at USD 4.35 billion in 2021 and is expected to reach USD 6.49 billion in
2027, growing with a CAGR of around 6.9% during the forecast period. Mulch
films are plastic coverings intended for plants. These films are designed to
maintain the level of moisture in the soil. Furthermore, on account of
evaporation, substantial loss of soil moisture is observed that has raised the
demand for mulch films among the agricultural sector. Mulch films are
extensively used on the soil to reduce weed growth and improve crop yield. In
addition, they are also utilized for retaining moisture levels in the soil and
protecting the soil from ultraviolet (UV) rays. Similarly, to fulfill the need
for food for the growing population, the demand for mulch films is growing.
Mulch films are being
progressively utilized in agriculture and horticulture to minimize weed growth,
modify soil temperature, and enhance crop yield. There is rising awareness
about mulch films amongst consumers owing to advantages such as less investment
in weedicides, the early harvest of crops, and an upsurge in the quantitative
output of crops. Similarly, consumers are widely using biodegradable mulch
films in the agriculture and horticulture industries. Formerly used
biodegradable mulch films can be left on the soil and plowed, which decreases
operational time during crop harvest. Moreover, governments across numerous
nations have made regulatory provisions for the adoption of these films, which
has been favouring the growth of the mulch films market. On the other hand, the
high cost incurred by the service providers to remove and install mulch films
can hinder the growth of the mulch films market.
Among the geographies, the Asia
Pacific region is expected to hold the largest share in the global mulch films
market during the forecast period. Increasing demand from the agricultural
industry is expected to drive market growth. China, Japan, and India are key
countries contributing to the market growth in the region due to the growing
application of mulch films in the horticulture industry in these countries.
Furthermore, the North American region is anticipated to show substantial
growth owing to the high growth in modern agriculture across the region. The
mulch films market is anticipated to be driven by technological advancements,
economic growth, and industrial growth across the region.
The report on global mulch films
market covers segments such as product, material, technology, and end use. On
the basis of product, the sub-markets include biodegradable, and
non-biodegradable. On the basis of material, the sub-markets include
polyethylene, polypropylene, PVC, PHA/PLA, PBS, EVA, and others. On the basis
of technology, the sub-markets include cast, and blown. On the basis of end
use, the sub-markets include agriculture, and horticulture.
The report provides profiles of
the companies in the market such as The Dow Chemical Company, BASF SE, Berry
Global Inc., Novamont S.p.A., RKW Group, AEP Industries Inc., Trioplast
Industrier AB, Tilak Polypack Pvt. Ltd., BioBag International AS, and Exxon
Mobil Chemical.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of mulch films market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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