According to Fortune Business Insights, The global biodegradable mulch film market size was valued at USD 63.8 million in 2023. The market is projected to grow from USD 68.0 million in 2024 to USD 126.8 million by 2032 at a CAGR of 8.1% during the 2024-2032 forecast period. Asia Pacific dominated the biodegradable mulch film market with a market share of 35.89% in 2023.
Growth in the consumption of agricultural produce globally is driving the demand for mulch films which can be easily decomposed in the soil. Biodegradable mulch films market size is set to gain traction as mulching has become a core foundation for growing vegetables, grains, fruits, flowers, and other various crops. Mulching has the ability to cover the soil which creates a promising environment for plant growth. These films have proven themselves to be a solid alternative to polyethylene films in the agriculture industry.
Fortune Business Insights presents this information in their report titled "Biodegradable Mulch Films Market, 2024–2032."
Based on the material, the market is studied startch, PBAT (poly(butylene adipate-co-terephthalate)), PBS (polybutylene succinate), PLA (polylactic acid), cellulose, and others. PLA (polylactic acid) bags the leading share as they are highly stretchable and can be blended easily with vegetable waste. Easy decomposition makes this material a preferred one amongst the consumers.
On the basis of application, the market is segmented into fruits & vegetables, flowers & plants, grains & oilseeds. The fruits & vegetables leads the market share with escalated demand for consuming food products. Increase in the levels of disposable income of the population is also driving the demand for nutritious food.
From the regional ground, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The comprehensive market research report delves into crucial elements, including the competitive landscape, end-users, and product type. The document provides valuable insights into prevailing market trends and significant industry advancements. It also encompasses a wide range of variables that have contributed to the recent expansion of the market. With a thorough examination of these factors, the report offers a holistic view of the market's current state and future potential. Stakeholders can leverage this information to make informed decisions and formulate effective strategies for success.