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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