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Type: PDF
Status: Syndicate
Categories: Advance Materials
Report Code : AM23
No. of Pages : 150
Biodegradable mulch film is the material which is derived from plants and animals which is commonly used for maintenance of soil, to avoid the soil contamination and weed control. They minimize the level of herbicides in the farms. In present days they are mostly used in crop Biodegradable plasticion and it is commonly used in specialty crop Biodegradable plastic on as it provides several agronomic benefits.
The increasing environmental concerns about the adverse effects of using polymer-based mulch counterparts such as degrading soil and crop quality have increased the usage of safer and natural biodegradable plastics, such as biodegradable mulch films.
The global biodegradable mulch film market in 2023 was approximately USD 247million. The market is expected to grow at a CAGR of 8.1% and is anticipated to reach around USD 364million by 2030.The rising consumer awareness about various Biodegradable plastic benefits, such as maintaining soil moisture and temperature levels coupled with eliminating plastic film disposal, has further enhanced the biodegradable mulch film market growth.
Moreover, the implementation of favourable government regulations supporting the usage of eco-friendly and organic Biodegradable plasticare also driving the market growth. Besides this, the high cost of biodegradable mulch films will hinder the market growth.
The market for biodegradable mulch film is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on Type portfolio, Type differentiation, applications, and the pricing of Types.
The rise in technological innovations in designing the Types for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their Type portfolios by incorporating innovative features, into their Type. Key players in the market are BASF, Novamont, Organix Solutions, BioBag, Plastiroll, PLASTIKA KRITIS, RKW Group, Sunplac, Iris Polymers, Kingfa, Biolegeen and Others.
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