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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In accordance with The Business Research Company’s Mulch Films Global Market Report for 2023, there is a notable trajectory in the global mulch films market. Forecasts indicate an anticipated expansion, projecting an increase from the 2022 valuation of $3.99 billion to an estimated $4.32 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 8.3%. However, it is imperative to acknowledge external factors influencing this landscape. The geopolitical complexities arising from the Russia-Ukraine conflict have cast a shadow over global economic recovery post the COVID-19 pandemic. Immediate ramifications include economic sanctions, escalated commodity prices, and supply chain disruptions, precipitating inflationary pressures across diverse sectors worldwide. In light of these challenges, the global mulch films market is poised to witness a sustained growth trajectory, with projections indicating a market size of $5.71 billion by 2027, underpinned by a CAGR of 7.2%. This resilience underscores the adaptability and dynamism of the market, navigating through geopolitical uncertainties to sustain long-term value.
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The burgeoning trend of product innovations has become a cornerstone in the flourishing mulch films market. Leading enterprises within this domain are dedicating efforts to unveil cutting-edge offerings, strategically fortifying their market standing. A notable example is Novamont S.p.A, an Italy-based industry player, which, in February 2020, introduced MATER-BI bioplastic. This innovative material, designed for the fabrication of soil-biodegradable mulch films, complies with the stringent European standard UNI EN17033 and has obtained certification for adherence to the AIAB Technical Means specification. MATER-BI represents a milestone in ensuring farmers and professionals access environmentally-compatible products that align with both technical and ethical sustainability requisites. Its adaptability to diverse environmental conditions and various crop cycles underscores its efficacy, yielding exceptional agricultural outcomes. Notably, the inherent biodegradability of the MATER-BI film eliminates the need for retrieval and disposal at the conclusion of the cultivation cycle. Instead, the film naturally biodegrades in the soil, courtesy of microorganisms, mitigating plastic waste generation and safeguarding the soil against contamination by plastics. This pioneering solution not only addresses environmental concerns but also exemplifies a commitment to responsible and sustainable agricultural practices.
The mulch films market is segmented:
1) Mulch Films Market By Product Type: Non-Biodegradable, Biodegradable
2) Mulch Films Market By Material Type: Polyethylene, Polypropylene, Polyvinyl Chloride, Polylactic Acid /Polyhydroxyalkanoates, Polybutylene Succinate, Ethylene-Vinyl Acetate, Other Bio-Based Material
3) Mulch Films Market By Application: Agriculture, Horticulture
Top Major Players
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:
1. Executive Summary
2. Mulch Films Market Characteristics
3. Mulch Films Market Trends And Strategies
4. Mulch Films Market – Macro Economic Scenario
5. Mulch Films Market Size And Growth
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26. Africa Mulch Films Market
27. Mulch Films Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mulch Films Market
29. Mulch Films Market Future Outlook and Potential Analysis
30. Appendix
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