The "Biodegradable Mulch Film Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The biodegradable mulch film market is expected to register a CAGR of 8.5% during the forecast period 2021 - 2026.
BioBag International AS
Armando Alvarez Group
Agriplast Tech India Pvt Ltd
Pooja Plastic Industries
Key Market Trends
Fruits and Vegetables to Account for a Significant Share
The agricultural industry has recognized the major benefits of biodegradable mulch films in the reduction of soil compaction, fertilizer leaching, moisture evaporation, weed problems, and increasing soil temperature, which helps to obtain higher yield and increase early growth in crops, while providing the additional benefit of biodegrading.
Due to the large proportion of mulch films used in fruits and vegetables and all the environmental problems related to their disposal, the biodegradable mulch films seem to be the best solution for replacing the conventional polyethylene mulches.
Additionally, traditional mulch film waste causes an environmental problem, because it is very contaminated with soil and vegetable residues, turning the recycling process expensive and time-consuming, being an uneconomic activity. These biodegradable mulch films have the advantage of being disposed directly into the soil or into a composting system at the end of their lifetime and undergo biodegradation by soil microorganisms. This saves time and money both.
BASF offers the polymer Ecovio M, which is made up of polymer PLA (polylactic acid), which contains biobased content, and it is completely biodegradable. The advantage is that the farmer does not have to laboriously collect the mulch films after harvest but can plow it directly, which helps in saving time and money.
Additionally, a major concern for large-scale adoption of plastic mulch for crop productivity enhancement in the trans-Himalayan region could be the resultant pollution hazards caused by residual plastic film. In July 2019, the DRDO announced to do its research for the adoption of low-cost biodegradable mulching materials on crop growth. This further increases the market growth.
Furthermore, Italy exports yearly tons of fresh fruits and vegetables to other countries, and players, such as Novamont, offer Mater-Bi mulch film for processing vegetables. Italy is the main European producer of tomato. According to the Associazione Nazionale Industriali Conserve Alimentari Vegetali, the export value of tomato products in Italy from the first half-year of 2018 to the first half-year of 2019 increased from EUR 779.5 million to EUR 847.6 million.
Asia-Pacific to Witness Significant Market Growth
The Asia-Pacific region is projected to grow at the highest rate in the biodegradable mulch film, as the increasing population, especially in China and India, resulted in the increasing demand for food, which leads to an increased usage of biodegradable mulch films in crop production.
The government is also taking necessary steps to improve the productivity of crops. In January 2020, in China, the government's National Development and Reform Commission stated that China wants to promote non-plastic products, including biodegradable mulch film, in the agriculture sector.
Additionally, in India, the government estimated the quantity production for pulses for the coming years, which significantly raises the demand for biodegradable mulch films. According to Seed Division, 3,975,165 quintal pulses are to be farmed during 2020-2021, with an increment of 308,947 quintals compared to the year 2019-2020.
Furthermore, the Singapore-headquartered biotech startup RWDC industry announced that it closed a USD 13 million Series A2 round deal co-led by venture capital firms, Vickers Venture Partners and WI Harper Group. The money was primarily being used to expand RWDC's PHA (polyhydroxyalkanoate) production capacity in 2019.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Expansion of Greenhouse Projects
4.2.2 Supportive Regulation from the Governments for Organic Mulching Across the World
4.3 Market Restraints
4.3.1 High Installation Cost and Addition of Harmful Additives in Manufacturing
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.3.1 North America
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 BASF SE
6.1.2 BioBag International AS
6.1.3 Organix AG
6.1.4 Armando Alvarez Group
6.1.5 Novamont SpA
6.1.6 Agriplast Tech India Pvt Ltd
6.1.7 Pooja Plastic Industries
6.1.8 Barbier Group
6.1.9 Dubois Agrinovation
6.1.10 Hopewell Industries
6.2 Investment Analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/plz5tl
View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005895/en/
Laura Wood, Senior Press Manager
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