16-May-2022 | Zion Market Research
The global mulch market was worth around USD 4152.90 million in 2021 and is estimated to grow to about USD 5957.97 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.20 percent over the forecast period. The report analyzes the mulch market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the mulch market.
Mulch films are plastic coverings that are designed for preserving the moisture level. Mulch films are used as a farming tool in the high-tech farming processes, for germination of seeds, fruits, plants, etc to maintain and provide correct humidity and moisture. Constantly increasing gardening culture among millennials and growing horticulture sector are expected to lead to massive demand for mulching material over the upcoming years.Further, the foremost objective of the mulching material is to pitch insights on the market scenario, demand generators, and technological advancements in this space will further strengthen demand for mulching material during the forecast period.
The market is anticipated to record signigicant growth due to the various initiatives by the government and the agricultural production is also increasing in various regions, which acts as a driver for the mulch films market during the forecast period. Mulch films are witnessing an increase in demand due to Increasing environmental concerns increase in the per capita income of consumers, shifting preferences and increasing disposable income which are expected to enhasnce the growth of much films market over the coming years. Additionally, high growth prospects and consistent progress in emerging markets as well as other untapped regions is offering growth opportunities for the global mulch fil market. On other hand, high implementation cost, low fragmentation rate and lack of consumer awareness for such products are the factors anticipated to limit the growth of the market over the upcoming years. mostly due to high operational costs and service charges.
The global Mulch market is segregated based on application, type, element and region. By type, market is segmented into clear/transparent, black, colored, degradable, and others. Clear/transparent mulch is projected to grow at the highest CAGR during the forecast period. Element market is segmented into linear low-density polyethylene (LLDPE) Low-density polyethylene (LDPE), High-density polyethylene (HDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene-vinyl Acetate (EVA) and others). Based on applications market is divided into horticulture and agriculture. The agriculture segment is expected to lead over the forecast period.
The Asia-Pacific region is projected to grow at the highest rate in thee mulch film market over the upcoming years. This is due to increasing population, increased demand for crop production, Economic growth, demand for food products, and increase in per capita income are some of the factors driving the regional market. North America and Europe are expected to witness significant growth rates over the upcoming years owing to increasing floriculture and horticulture given extreme climatic conditions in these regions.
Key players functioning in the global Mulch market include."Dow Chemical Company FKuR Kunst Stoff GmbH, Novamont, S.p. ABerry Global, IncAEP Industries Inc, Trioplast Industrier AB, Tilak Polypack Pvt. Ltd, Ab Rani Plast Oy, RKW Agri Gmbh & Co, Industrial Development Company Sal (Indevco), Armando Alvarez Group, BioBag International AS, Exxon Mobil Corp, BASF SE and Ginegar Plastic Products Ltd, etc."
Browse the full “Mulch Films Market; Material Type(clear/ transparent, black, colored, degradable and others), By Element(Polyethylene [PE], Polypropylene [PP], Polyvinyl Chloride [PVC], Polylactic Acid [PLA]/Polyhydroxyalkanoates[PHA], Polybutylene Succinate [PBS], Ethylene-vinyl Acetate [EVA]), and Other Bio-based Material; Technology: Cast and Blown); and applications: Agriculture and Horticulture), By Location (Rural and Urban), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/mulch-film-market
Global mulch market is segmented as follows:
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