Mulch Films Market Size, Share, Industry Growth, Trends Report by Type (Clear/Transparent, Black Mulch, Colored Mulch, Photo-selective Mulch, Degradable Mulch), Application (Agricultural and Horticulture), Element (LLDPE, LDPE, HDPE, EVA, PLA, PHA) and Region – Global Forecast to 2028
The mulch films market size is estimated at US$7.8 billion in the year 2023, is projected to reach a revised size of US$10.6 billion by 2028, growing at a CAGR of 6.5% over the analysis period 2023-2028. Mulch films are thin plastic or other material sheets applied to soil surfaces to control weeds, retain moisture, and boost crop yields. They come in various colors, thicknesses, and materials, and are suitable for numerous agricultural and horticultural uses. Made from materials like polyethylene, polypropylene, or biodegradable options such as paper and cornstarch, mulch films create a barrier between the soil and the atmosphere. This barrier blocks sunlight from reaching weed seeds, preventing their germination and growth, while also conserving soil moisture and reducing irrigation needs. Additionally, mulch films can enhance soil temperature by trapping solar heat, benefiting crops that thrive in warmer conditions.
Mulch Films Market Drivers: Rising demand for greenhouse applications coupled with rising environmental concerns
The mulch film market is seeing a substantial increase in demand, largely driven by the growing adoption of greenhouse farming. This rise is closely linked to heightened environmental awareness and the need for sustainable agricultural practices. Greenhouses are becoming more popular as they provide controlled environments for crop cultivation, protecting plants from weather extremes, pests, and diseases, and enabling year-round farming. This surge in greenhouse use is fueled by the need to boost food production for a growing global population while minimizing the environmental impact of traditional open-field farming.
As greenhouse applications continue to gain traction due to environmental concerns and the push for more efficient agriculture, the mulch film market is poised for further growth. This trend reflects a broader movement towards eco-friendly farming practices and aims to lessen the agricultural sector’s ecological footprint, making mulch films a crucial element of contemporary, environmentally conscious farming.
Mulch Films Market Opportunities: Increasing demand for environmentally friendly and biodegradable mulch films
The rising demand for environmentally friendly and biodegradable mulch films represents a major opportunity in the agricultural sector, especially in developed areas like North America and Europe. As governments in these regions increasingly discourage the use of traditional plastics due to environmental concerns, they are implementing stricter regulations to limit their use. For example, Agriland Media Ltd. reported in July 2022 that maize plastic was banned from the EU market under a new directive. This move towards sustainable and eco-friendly agricultural practices is fueling growth in the biodegradable mulch films market, which is expected to experience significant expansion in the coming years.
In 2022, the horticulture segment became a key driver in the mulch films market.
The focus on sustainable and eco-friendly farming practices has significantly boosted the horticulture sector. Mulch films contribute to these goals by conserving water and minimizing the need for chemical herbicides and pesticides, aligning with the growing demand for environmentally conscious agriculture. As consumers increasingly seek organically grown and chemical-free produce, mulch films help growers meet these preferences, driving the expansion of horticultural applications.
These films not only reduce water usage and labor costs but also extend the growing season by maintaining optimal soil temperature. Their versatility in various climatic conditions further strengthens their role in horticulture. In areas with unpredictable weather, mulch films offer protection against extreme temperatures, heavy rain, and frost, ensuring a more reliable and consistent harvest.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220908278
India is projected to lead the Asia Pacific region in market growth during the forecast period.
India’s growing population, with a notable increase in the middle-class segment, creates a vast consumer base and boosts purchasing power. This demographic shift has sparked a surge in demand for diverse goods and services, driving economic growth across various sectors. According to a 2021 report by The Financial Express, the expansion of the middle class is anticipated to lead to a gradual shift from the current state of significant informality in many service and manufacturing sectors towards a greater presence of formal, wage-based, and medium-sized enterprises. This transition will broaden economic opportunities and distribute purchasing power more widely, highlighting the expanding middle class’s crucial role in increasing demand for various products and services in India. This burgeoning consumer market offers promising opportunities for both domestic and international companies, fueling robust market growth.
Additionally, India’s rising urbanization is reshaping the consumption landscape. As people move to cities and towns in search of better opportunities, there is a growing demand for urban infrastructure, housing, transportation, and consumer goods. This trend in urbanization drives economic development and market expansion, opening up new business opportunities across multiple industries.
Top Mulch Films Companies:
The key players in this market include Berry Global Inc. (US), BASF SE (Germany), Dow (US), Kuraray (Japan), Exxon Mobil Corporation (US), Plastika Kritis S.A. (Greece), RKW Group (Germany), Achilles Corporation (Japan), Armando Alvarez Group (Spain), and Novamont S.p.A (Italy).
Berry Global Inc.
Berry is a global leader in innovative packaging and engineered products. The company operates through various business segments, including consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene & specialties. It offers an extensive array of products, encompassing stretch and shrink films, converter films, food and consumer films, retail bags, and agricultural films (mulch films). The company uses unmatched capabilities, sustainability leadership, and deep innovation expertise to serve customers throughout the world. The company has 40,000+ employees across more than 250 locations and partners with customers to develop, design, and manufacture innovative products that are good for people and the planet. They are committed to the circular economy and to solving the challenges customers face at every stage of their journey.
The company offers a range of mulch films in the films and laminates segment including Total Blockade TIF Mulch, Black XL (Extended Life) Mulch, Black-White Panda & Premium Film, and Conventional Smooth and Embossed Mulch to protect the crop from harsh climatic conditions. Total Blockade TIF Mulch is the highest vapor barrier film that helps to reduce fumigant emissions, improve effectiveness, and create a better work environment. It also helps to maintain the effectiveness of Methyl Bromide (MB) alternatives, which may be required by local and EPA regulations. In September 2021, BASF SE and WPO POLYMERS entered into a strategic partnership to further its biopolymers business and extend its reach into the rapidly evolving Spanish and Portuguese markets. As part of this collaboration, WPO Polymers, a prominent plastics solutions provider, will take on the role of distributor for BASF’s Ecovio film product range. This range includes certified compostable shopping bags, organic waste bags, and fruit and vegetable bags. By leveraging their respective strengths and expertise, BASF and WPO Polymers are strategically positioned to expedite their business activities within these crucial markets.
BASF SE
BASF is a company that specializes in chemical manufacturing, featuring six distinctive segments in its portfolio: chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agriculture solutions. The company provides solutions for a wide range of industries, including agriculture, automotive and transportation, chemicals, coating solutions, construction, electronics and electric, energy and resources, furniture and wood, home care, industrial and institutional cleaning, nutrition, packing and print, and pharmaceuticals, among others.
The company offers ecovio M2351 a certified soil-biodegradable biopolymer that is specially designed for mulch films used in agriculture and horticulture. It helps to increase yield, speed up harvesting, and save water and herbicides. The advantage of ecovio M2351 is that it is certified soil-biodegradable according to EN17033. This means that mulch films made of ecovio M2351 are completely and biologically degraded by microorganisms like bacteria and fungi that exist naturally in the soil. This eliminates the need for farmers to remove and recycle mulch films after harvest, which saves time and money and helps to avoid plastic pollution in agricultural soil. In May 2022, Berry Global Inc. joined forces with Cleanfarms and Poly-Ag Recycling to spearhead an innovative, closed-loop strategy aimed at enhancing Canada’s circular economy. This collaborative recycling initiative, launched in early 2022, is focused on retrieving used agricultural films, processing reclaimed grain bag materials, and utilizing recycled content to create new products.
Mulch Films Industry News:
In April 2023, BASF SE plans to make commercial quantities of Ecovio available to customers throughout the Asia-Pacific region starting in mid-2023. These initial offerings will include film grades designed for various applications, such as certified compostable shopping and organic waste bags, soil-biodegradable agricultural mulch films, and packaging materials. This development underscores the company’s commitment to driving positive change in the plastics industry in various applications and contributing to a more sustainable future in the Asia-Pacific market.
In July 2022, Dow collaborated with Valoregen for the construction of the most extensive single hybrid recycling facility in Damazan, France. This facility is designed to have the capability to process a substantial 70 kilotons of plastic waste annually. Dow has been chosen as the primary recipient of post-consumer resins (PCR) from Valoregen’s innovative new plant. In the future, this site is poised to offer a distinctive blend of advanced and mechanical recycling facilities, all within a single, integrated ecosystem.
In May 2022, Berry Global Inc joined forces with Cleanfarms and Poly-Ag Recycling to spearhead an innovative, closed-loop strategy aimed at enhancing Canada’s circular economy. This collaborative recycling initiative, launched in early 2022, is focused on retrieving used agricultural films, processing reclaimed grain bag materials, and utilizing recycled content to create new products.
Schedule a call with our Analysts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=220908278
About MarketsandMarkets™
MarketsandMarketsTM has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/mulch-films-market-220908278.html
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Mulch Films Market Report 2024 | Industry Trends, Opportunities, Leading Companies, and Segmentation till 2029
