PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517425
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517425
Global Biodegradable Mulch Films Market is valued approximately at USD 73.19 million in 2023 and is anticipated to grow with a healthy growth rate of more than 8.45% over the forecast period 2024-2032. Biodegradable mulch film, composed of plant starch and eco-friendly additives, serves as a sustainable alternative to traditional plastic mulch films. These films are increasingly applied in various farming activities to enhance crop yield and reduce pesticide use. The growing adoption of sustainable farming practices by horticulturists, landscapers, and eco-conscious gardeners is significantly driving the demand for biodegradable mulch films.
The market's rapid expansion can be attributed to the rising environmental concerns that impact crop quality and the growing need for effective solutions like biodegradable mulch films to produce high-quality crops. Government support for eco-friendly farming practices, the trend towards organic farming, and potential bans on plastic mulches offer significant growth opportunities for the biodegradable mulch films market. Despite these opportunities, challenges such as higher costs compared to conventional plastic films, lack of product awareness, and issues related to product durability and effectiveness pose hurdles. However, innovation and research are poised to overcome these challenges by focusing on developing cost-effective, superior-quality biodegradable mulch films. Ongoing research into new biodegradable materials, enhanced product durability, improved decomposition rates, and nutrient-enriching films during decomposition further creates future growth prospects for the market.Aliphatic-aromatic copolyesters (AAC) are preferred for their mechanical strength and resistance to tearing, making them suitable for diverse agricultural applications. Starch blended with polyhydroxyalkanoate (PHA) offers biodegradability and compostability, significantly reducing waste management issues associated with conventional plastic mulch films. Starch blended with polylactic acid (PLA) is heat-resistant and derived from renewable resources, providing a reduced carbon footprint and compatibility with existing mulching equipment. Thermoplastic starch (TPS) offers flexibility and lower costs, making it preferable due to its improved physical properties when blended with other biodegradable polymers. The increasing adoption of biodegradable mulch films in flower and ornamental plant farming is driven by the need to protect delicate flora. In fruit and vegetable farming, biodegradable mulch films are preferred for their ability to improve soil temperature, moisture retention, and weed control. The films are also pivotal in grain and oilseed farming for soil temperature moderation and maintaining soil structure.
The key regions considered for the global Biodegradable Mulch Films Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Biodegradable Mulch Films Market in terms of revenue. The market growth in the region is being attributed to factors including strong governmental policies supporting eco-friendly alternatives. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by high dependence on agriculture and government initiatives promoting sustainable farming.