Mulch Films Market Share Analysis, Growth, Demand, Value, Industry, Market Forecast (2024-2031)

Mulch Films Market is Segmented By Product Type (Bio-degradable, Non-degradable), By End-User (Horticulture, Agricultural farms), By Material (Linear low-density polyethylene (LLDPE), High-density polyethylene(HDPE), Polylactic acid (PLA), Low-density polyethylene (LDPE), Polyhydroxyalkanoate (PHA), Ethylene-vinyl acetate (EVA), Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Mulch Films Market Overview

The Global Mulch Films Market is expected to reach  at a CAGR of during the forecast period (2023-2030). Mulch film is a type of plastic covering for the soil and root of plants. Mulch films are mainly manufactured to maintain the moisture level in the soil. significant loss of soil moisture is observed due to evaporation which has lifted the demand for mulch films amongst the agricultural as well as horticulture areas. Along with, to meet the need for food for the rising population, mulch film demand also increasing. Additionally, large-scale investments by several governments for the development of agriculture are estimated to fuel the market growth. The S.U. Department of Agriculture taking an initiative – “The Agriculture and Food Research Initiative (AFRI)” to ensure food security and safety, train the new agricultural workforce, and enhance human nutrition. Therefore, these factors are shaping mulch films market growth.

Mulch Films Market Summary and Scope

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Mulch Films Market Dynamics and Trends

Reduction in irrigation water requirement by maintaining moisture in the soil is primary factor for using mulch films

Reducing the water requirement by maintaining moisture in the soil is likely to fuel mulch film market demand during the projected years. Polyethylene mulch films are extensively utilized for weed reduction whereas polypropylene is employed for perennials. Biodegradable mulch films are mainly produced by plant starch & sugars and polyester fibers. Less weed growth reduces the labor cost and less requirement of water is promoting to farmers to cultivate more crops in rainfed areas is estimated to have a positive impact on the global mulch film market. However, High initial disposal cost together with the adverse chemical effect-based film is projected to impede the growth market over the forecast period. Rising government programs of awareness the promote the acceptance of innovative farming techniques particularly in the Asia Pacific region is estimated to create new opportunities for market growth.

Mulch Films Market Segmentation Analysis

The non-biodegradable segment is expected to dominate the market 

The non-biodegradable segment is accounted for the largest market share of the mulch film market owing to it being stronger than degradable film and maintaining more moisture in the soil as compared to the degradable segment. The films play a crucial role in reducing the growth of weeds, retaining soil warmth, and conserving water, thus leading to increased crop yield and easy harvesting. In the bio-degradable segment, the U.S., Japan, Canada, China, and Europe are estimated to drive at a CAGR of 6% for this segment. These regional markets report for a combined market size of USD XX Million in 2020 and are expected to reach up to USD XX Million by the end of the forecast year. China is expected to be the fastest-growing country. Led by countries including India, South Korea, and Australia, the market in Asia-Pacific is predicted to reach around USD XX Million by 2026. Latin America is expected to expand at an xx% CAGR through the analysis period.

Mulch Films Market Geographical Share

Europe is the largest market for Mulch Films Market with a share of nearly XX% in global sales value in 2020

By geography, Asia Pacific is accounted for the largest market share of global mulch film market in 2020 and is expected to be the dominating region over the forecast period. Agro-based economies including India, Philippines, Pakistan, Indonesia, and China are anticipated to observe high growth rates due to escalating crop production in the inadequate land availability for producers. This is expected to be the end result of rising the real estate industry, expanding ornamental crop farming, and rapid urbanization. A developed region such as North America and Europe is estimated to exhibit moderate growth rates during the projected years. Middle-east and North African regions are estimated to show significant growth rates within the years to come. expanding horticulture and floriculture given great climatic conditions in these territories.

Mulch Films Companies and Competitive Landscape

The global mulch film market is dominated by a few players. The most active companies across the globe are BASF SE, Novamont S.p.A., The Dow Chemical Company, Armando Alvarez Group, and Berry Global Inc. They have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. For instance, in January 2018, the European Committee for Standardization (CEN) has made available the final text (ratified on 13th November 2017) of the European Standard EN 17033:2018. The document specifies the requirements for biodegradable mulching films, to be used for applications in agriculture and horticulture. In August 2019, BASF SE is offering Certified soil-biodegradable ecovio® M 2351 for mulch films that benefits food production and the environment.

COVID-19 Impact on Mulch Films Market

The latest crisis of the epidemic of COVID-19 has had a considerable impact on the manufacturing sector of mulch films across the globe. The manufacturing activities have stuck due to the regulation imposed by various governments which impacted the making, but the producer of mulch film is back to normal condition after lockdown across the globe. During the COVID-19 pandemic, the global mulch films market is expected to account for USD 3.5 Billion in 2020, is estimated to reach up to USD 5.1 Billion by 2028, expected to grow at a CAGR of 5.5% in years to come. The black type segment is projected to show a 5.3% CAGR and is expected to reach USD XX million by the end of 2028. The films prevent weed growth on farmland; as well as maintain the soil warmth for improving crop yield by trapping the energy of the sun. The mulch's color influences soil temperature, mulch's surface temperature, as well as the light reflected into the plant canopy. At present, new colors such as orange, gray, blue, yellow, and red are being investigated. After a comprehensive analysis of the corporate implications of the pandemic and its induced economic crisis, expansion in the Colored segment is straightened to a revised 5.8% CAGR up to 2028. Black mulch films are showing a boost in demand owing to the various benefits provided by the type. 

Why Purchase the Report?

• Understand the current market scenario and viability of the global mulch films Market over the forecast period 
• Visualize the composition of the global mulch films Market in terms of Type, and application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global mulch films market – Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience

• Mulch Films Manufacturers
• Farmer community
• Plastic Film Suppliers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals