Biodegradable Mulch Films Market Size Worth $ 82.82 Million By 2030
Posted by Neha Bora on October 3rd, 2022
San Francisco, 3 Oct 2022: The Report Biodegradable Mulch Films Market Size, Share & Trends Analysis Report By Crop (Grains & Oilseeds, Flowers & Plants), By Raw Material (TPS, PLA, PHA, AAC), By Region (APAC, North America), And Segment Forecasts, 2022 - 2030
The global biodegradable mulch films market size is expected to reach USD 82.822 million by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.8% during the forecast period. An increase in the adoption of greenhouse applications and a rise in environmental concerns toward synthetic counterparts are anticipated to drive the market demand during the forecast period. The growing population along with declining agricultural land attributed to industrialization and urbanization have enforced farmers to improve productivity in the existing land holding.
Enhanced crop output by restraining weed growth, lower environmental impact, and maintaining temperature and moisture level of soil, are the advantages offered by these films, which are anticipated to drive the product demand. Government regulations concerning eco-friendly products, in North America and Europe, are expected to impact market growth positively over the foreseeable future. The rise in concerns regarding plastic mulch leftovers in the soil is anticipated to boost product penetration in the coming years. Biodegradable mulch films offer benefits to plastic compost, and eradicate the requirement for disposal & removal, and alleviate the negative impact on the environment.
Mulch films that are currently available in the market are not entirely bio-based and contain over 10% synthetic ingredients. In addition, concerns regarding biodegradable mulches that do not achieve 90% biodegradation within two years of tillage into the soil, are anticipated to hamper the market growth. Due to the above-mentioned factors, the available biodegradable mulch films are not accepted in certified organic systems in the U.S.Regulations regarding the use of biodegradable mulch films are being followed in regions like Europe, North America, and Asia, thus supporting the growth of the market. The development of biodegradable and bio-based polymer films is anticipated to create opportunities for market participants in the coming years.
Access Research Report of Biodegradable Mulch Films Market @ https://www.grandviewresearch.com/industry-analysis/biodegradable-mulch-films-market
Biodegradable Mulch Films Market Report Highlights
List of Key Players of the Biodegradable Mulch Films Market
Access Press Release of Biodegradable Mulch Films Market @ https://www.grandviewresearch.com/press-release/global-biodegradable-mulch-films-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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