Biodegradable Mulch Films Global Market 2024 - Growth Analysis, Business Opportunities, Future Trends, Developments And Forecast To 2033

Biodegradable mulch films refer to agricultural coverings made from materials that decompose naturally in the environment. It is used in agriculture to cover the soil around plants. They help in weed suppression, moisture retention, and temperature regulation while decomposing naturally over time, reducing plastic waste and promoting soil health.

Sizing and Forecast

The biodegradable mulch films market size has grown strongly in recent years. It will grow from $44.09 billion in 2023 to $47.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%.  The growth in the historic period can be attributed to growing consumer demand for organic and sustainably grown produce, the rise in global population has increased the demand for food, the increasing adoption of bio-based products, the high demand for starch as a key component in biodegradable materials, and the need for high crop yield.

The biodegradable mulch films market size is expected to see strong growth in the next few years. It will grow to $66.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.  The growth in the forecast period can be attributed to environmental awareness and concerns about plastic pollution, the expansion of organic farming practices, the adoption of sustainability initiatives, the ongoing need to enhance crop yields and agricultural productivity, and future economic incentives and subsidies for sustainable farming practices. Major trends in the forecast period include advancements in manufacturing processes that reduce the cost of producing biodegradable mulch films, the development of new and improved biodegradable polymers, increased use of bio-based materials, the integration of smart technologies, and the and the development of biodegradable films reinforced with natural fibers.

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Segmentation & Regional Insights

The biodegradable mulch films market covered in this report is segmented –

1) By Biodegradable Plastic: Thermoplastic Starch (TPS), Aliphatic-Aromatic Copolyesters (AAC), Controlled Degradation Masterbatches

2) By Composition: Starch, Starch Blended With Polylactic Acid (PLA), Starch Blended With Polyhydroxyalkanoate (PHA)

3) By End-Use Industry: Horticulture, Agriculture

North America was the largest region in the biodegradable mulch films market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable mulch films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

Th increasing demand for organic food crops is expected to propel the growth of the biodegradable mulch film market going forward. Organic food crops are grown without synthetic pesticides, fertilizers, or genetically modified organisms, relying on natural processes and sustainable farming practices. Organic food crop production is increasing due to growing consumer demand for healthier, pesticide-free food options and a heightened awareness of environmental sustainability. Biodegradable mulch films as eco-friendly alternatives align perfectly with the principles of organic farming by enhancing soil health, reducing weed growth, and minimizing environmental impact. For instance, in June 2022, according to a survey published by the Organic Trade Association (OTA), a US-based business association for the organic industry, organic food, which accounted for over 90% of organic product sales, experienced 2% growth, reaching $57.5 billion. Moreover, organic fruits and vegetables comprised 15 percent of the overall product market, generating revenue exceeding $21 billion in 2021, which increased by 4.5% compared to the previous year. Therefore, increasing demand for organic food crops is driving the growth of the biodegradable mulch film market.

Key Industry Players

Major companies operating in the biodegradable mulch films market are BASF SE, Mitsubishi Chemical Corporation, Berry Global Group, Mondi Group, Kuraray Co. Ltd., Napco National, RKW Group, Plastika Kritis S.A., Kingfa Sci & Tech Co. Ltd., Ginegar Plastic Products Ltd., Profol GmbH, Armando Alvarez Group, PolyExpert inc., Dubois Agrinovation, Novamont S.p.A., AL-PACK Enterprises Ltd., Agriplast Tech India Pvt Ltd, Barbier Group, Polythene UK Ltd, FKuR Kunststoff GmbH, BioBag International AS, Organix Solutions, Balson Polyplast Private Limited, FilmOrganic Inc., Coverfields, EcoWhizz SA Ltd., Fujian Greenjoy Biomaterial Co. Ltd., Fortune Multipak

The biodegradable mulch films market report table of contents includes:

1. Executive Summary

2. Biodegradable Mulch Films Market Characteristics

3. Biodegradable Mulch Films Market Trends And Strategies

4. Biodegradable Mulch Films Market - Macro Economic Scenario

5. Global Biodegradable Mulch Films Market Size and Growth

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32. Global Biodegradable Mulch Films Market Competitive Benchmarking

33. Global Biodegradable Mulch Films Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Biodegradable Mulch Films Market

35. Biodegradable Mulch Films Market Future Outlook and Potential Analysis

36. Appendix

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