The Mulch Films Global Market Report 2023, provides comprehensive information on the mulch films market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Mulch Films Global Market Report 2023, the global mulch films market size is expected to grow from $3.99 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mulch films market size is expected to reach $5.71 billion in 2027 at a CAGR of 7.2%.
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Product innovations are a key trend gaining popularity in the mulch films market. Major companies operating in the mulch films market are developing new products to strengthen their position in the market. For instance, in Feb 2020, Novamont S.p.A, an Italy-based company operating in mulch films launched MATER-BI bioplastic, used for the production of soil-biodegradable mulch films in compliance with European standard UNI EN17033 has been certified to comply with the AIAB Technical Means specification. This product would aim to guarantee all farmers and professional users products that have been compatible with the environment and will meet technical and ethical sustainability requirements and capable of use under different environmental conditions and on crops having many different cycles with excellent agricultural results. Due to its biodegradability in soil MATER-BI film ad does not need to be recovered and disposed of at the end of the cultivation cycle, and left in the soil where it is biodegraded by microorganisms, and helping to reduce plastic waste production and preserve the soil from pollution by plastics.
The mulch films market is segmented:
1) By Product Type: Non-Biodegradable, Biodegradable
2) By Material Type: Polyethylene, Polypropylene, Polyvinyl Chloride, Polylactic Acid /Polyhydroxyalkanoates, Polybutylene Succinate, Ethylene-Vinyl Acetate, Other Bio-Based Material
3) By Application: Agriculture, Horticulture
Asia-Pacific was the largest region in the mulch films market in 2022.
The table of contents in TBRC’s mulch films market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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