Overview and Scope
Mulch films refer a plastic film used to alter soil temperature, stop moisture growth, control weed growth, and increase crop production. It is used for large-scale fruit and vegetable farming to retain soil moisture, which controls soil temperature, and stops water from evaporating.
Sizing and Forecast
The mulch films market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to aging population, minimally invasive procedures, increased awareness and diagnosis, healthcare infrastructure development, prevalence of aneurysms, fda approvals..
The mulch films market size is expected to see strong growth in the next few years. It will grow to $6.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rise in endovascular therapies, increased demand for medical products, focus on stroke prevention, growing healthcare expenditure, research and development investments.. Major trends in the forecast period include advancements in catheter technologies, ai enabled diagnosis and intervention, integration of imaging technologies, product innovations, collaborations and partnerships..
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Segmentation & Regional Insights
The mulch films market covered in this report 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 2023. The regions covered in the mulch films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing demand for food is expected to propel the growth of the mulch films market going forward. Food refers to a material that is mostly made of protein, carbohydrates, and fat and is used by living things as fuel for crucial functions such as development and repair. Demand for food is met when the quantity and quality of crops are maintained. Mulch films for food production are extremely helpful, as these films modify the soil’s temperature, prevent moisture loss from the soil, conserve water, and minimize the spread of weeds. For instance, In July 2022, according to United Nations, a US-based intergovernmental organization, the global number of individuals experiencing hunger surged to approximately 828 million in 2021, marking a rise of about 46 million from 2020 and an alarming increase of 150 million since the onset of the COVID-19 pandemic. Therefore, the increasing demand for food is driving the growth of the mulch film market.
Key Industry Players
Major companies operating in the mulch films market report are The Dow Chemical Company, BASF SE, FKuR Kunststoff GmbH, Novamont S.p.A., Berry Global Inc., AEP Industries Inc., Trioplast Industrier AB, Tilak Polypack Private Limited, AB Rani Plast Oy, RKW Agri Gmbh & Co.KG, Armando Alvarez Group, BioBag International AS, Industrial Development Company Sal, ExxonMobil Corporation, Ginegar Plastic Products Ltd., Shandong Tianhe Plastic Co. Ltd., Kuraray Co. Ltd., Qingdao Huaxuyang Industrial Co. Ltd., Macro Plastic Sdn. Bhd., Plastika Kritis S.A., Organix AG, Al-Pack Enterprises Ltd., Barbier Group, British Polythene Industries, Cofco Tunhe Co. Ltd., Dubois Agrinovation Inc., Eiffel Trading Company, Pooja Plastic Industries, The Armando Alvarez Group, Guangdong Zhongxing Plastic Products Co. Ltd., Henan Yinfeng Plastic Co. Ltd., Hopewell Industries, Hyplast NV, Iris Polymers Industries Pvt. Ltd., Jindal Poly Films Ltd., Kung Hsing Plastic Machinery Co. Ltd., Laiwu Huaya Polymer Sci.& Tech. Co. Ltd.
The mulch films market report table of contents includes:
1. Executive Summary
2. Mulch Films Market Characteristics
3. Mulch Films Market Trends And Strategies
4. Mulch Films Market – Macro Economic Scenario
5. Global Mulch Films Market Size and Growth
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31. Global Mulch Films Market Competitive Benchmarking
32. Global Mulch Films Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Mulch Films Market
34. Mulch Films Market Future Outlook and Potential Analysis
35. Appendix
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