PUBLISHER: The Business Research Company | PRODUCT CODE: 1414435
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414435
“Mulch Films Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mulch films market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mulch films? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mulch films market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Mulch films are plastic films utilized to modify soil temperature, inhibit moisture growth, manage weed proliferation, and enhance crop production. These films find extensive use in large-scale fruit and vegetable farming to preserve soil moisture, regulate soil temperature, and reduce water evaporation.
The primary product types within the mulch films market are categorized as non-biodegradable and biodegradable. Biodegradable films have the capability to break down into harmless components through the action of living organisms. These films are composed of materials such as polyethylene, polypropylene, polyvinyl chloride, polylactic acid/polyhydroxyalkanoates, polybutylene succinate, ethylene-vinyl acetate, and other bio-based materials, all of which find applications in agriculture and horticulture.
The mulch films market research report is one of a series of new reports from The Business Research Company that provides mulch films market statistics, including mulch films industry global market size, regional shares, competitors with a mulch films market share, detailed mulch films market segments, market trends and opportunities, and any further data you may need to thrive in the mulch films industry. This mulch films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mulch films market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The expansion observed in the historical period can be attributed to various factors, including an aging population, the rise of minimally invasive medical procedures, increased awareness and diagnosis of health conditions, ongoing development of healthcare infrastructure, the prevalence of aneurysms among the population, and the approval of medical devices and treatments by regulatory bodies such as the FDA.
The mulch films market size is expected to see strong growth in the next few years. It will grow to $6.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. Anticipated growth in the forecast period can be linked to several factors, including the increased adoption of endovascular therapies, rising demand for medical products, a concentrated effort on stroke prevention measures, escalating healthcare expenditure, and significant investments in research and development initiatives.
The surging demand for food is expected to be a significant driver behind the growth of the mulch films market. Food, composed mainly of protein, carbohydrates, and fat, serves as essential fuel for living organisms' development and repair processes. Maintaining crop quantity and quality is crucial, and mulch films play a pivotal role by altering soil temperature, preserving soil moisture, conserving water, and limiting weed proliferation in food production. Reports from the United Nations in July 2022 indicated a rise in global hunger, with approximately 828 million individuals experiencing hunger in 2021-an increase of about 46 million from 2020 and a staggering surge of 150 million since the onset of the COVID-19 pandemic. Hence, the escalating food demand is propelling the growth of the mulch film market.
The burgeoning global population is expected to significantly drive the expansion of the mulch film market. In agriculture and gardening, mulch films, typically made of materials such as polyethylene, serve to retain soil moisture, suppress weeds, regulate soil temperature, and bolster crop health. The United States Census Bureau reported a 0.4% increase, totaling 333,287,557 residents in the United States in December 2022. This demographic upswing contributes to the growing utilization of mulch films, fueling market growth.
Product innovation emerges as a pivotal trend shaping the mulch films market, with major companies dedicated to developing innovative products to fortify their market presence. For instance, in August 2021, the RKW Group introduced Polydress FarmGuard, a next-generation e7 silage barrier film designed for superior silage protection and easier handling. This 100µm silage barrier film, based on 7-layer technology, offers exceptional oxygen barrier properties, significantly surpassing standard silage films.
Major players in the mulch film industry are adopting strategic partnerships to introduce sustainable alternatives to traditional plastic mulch films. These partnerships involve leveraging mutual strengths and resources to achieve collective success. For example, in October 2023, Cotesi plc partnered with Cotesi-Companhia De TExteis SintEticos S.A. This collaboration aims to launch Advantage Kraft Mulch, an eco-friendly alternative made entirely from responsibly sourced wood kraft paper without any plastic or coating, serving as a sustainable replacement for conventional plastic mulch films.
In November 2022, Solesis, a US-based innovative provider of biomaterials solutions and services primarily focused on the medical device and advanced therapy industries, acquired Polyzen for an undisclosed amount. This strategic acquisition is aimed at expanding Solesis' range of polymer-based technologies, enhancing their expertise and capabilities, enabling the company to continue delivering cutting-edge solutions to its customers. Polyzen, the acquired company, is known for its specialization in developing and manufacturing polymer-based solutions tailored for medical devices and advanced therapy applications.
Major companies operating in the mulch films market report are The Dow Chemical Company, BASF SE, FKuR Kunststoff GmbH, Novamont S.p.A., Berry Global Inc., AEP Industries Inc., Trioplast Industrier AB, Tilak Polypack Private Limited, AB Rani Plast Oy, RKW Agri Gmbh & Co.KG, Armando Alvarez Group, BioBag International AS, Industrial Development Company Sal, ExxonMobil Corporation, Ginegar Plastic Products Ltd., Shandong Tianhe Plastic Co. Ltd., Kuraray Co. Ltd., Qingdao Huaxuyang Industrial Co. Ltd., Macro Plastic Sdn. Bhd., Plastika Kritis S.A., Organix AG, Al-Pack Enterprises Ltd., Barbier Group, British Polythene Industries, Cofco Tunhe Co. Ltd., Dubois Agrinovation Inc., Eiffel Trading Company, Pooja Plastic Industries, The Armando Alvarez Group, Guangdong Zhongxing Plastic Products Co. Ltd., Henan Yinfeng Plastic Co. Ltd., Hopewell Industries, Hyplast NV, Iris Polymers Industries Pvt. Ltd., Jindal Poly Films Ltd., Kung Hsing Plastic Machinery Co. Ltd., Laiwu Huaya Polymer Sci.& Tech. Co. Ltd.
Asia-Pacific was the largest region in the mulch films market in 2023. The regions covered in the mulch films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mulch films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The mulch films market consists of sales of photo-degradable plastic mulch and reflective silver film. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.