Global Mulch Film Market Set For Rapid Growth, To Reach USD 4.96 Billion by 2024

16-Jul-2018 | Zion Market Research

Zion Market Research has published a new report titled “Mulch Film Market By Type (Black, Clear/Transparent, Colored, Polypropylene & Polyethylene, and Degradable), by Application (Agricultural Farms and Horticulture): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, global mulch film market was valued at USD 3.34 billion in 2017 and is expected to reach USD 4.96 billion in 2024, growing at a CAGR of 6.8% between 2018 and 2024.

Mulch films are generally used in various applications such as for maintaining temperature & retaining moisture in the soil, providing nutrients, bolster seed germination and aesthetics, ultraviolet (UV) ray protection, slacken weed activity, and for reducing soil erosion & compaction. Rising food demand owing to increasing population of the world is expected to fuel the growth of mulch film market within the forecast period. Mulch film is useful in low rainfall area, where less water is available to use for farming. This advanced technique is becoming popular rapidly and is being adopted by the agro-based economy in developing countries.

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Global Mulch Film Market

The mulch film market is driven by various factors such as adoption of mulching technology in agriculture and effective usage of water in crop cultivation is estimated to drive the mulch film market during the years to come. Moreover, rising demand for food owing to the increasing population and rising cultivable land is anticipated to drive the global mulch film market over the next 7 years. However, this market has certain drawbacks such as high cost of installation and harmful effects of plastics on the environment. These factors may act as a barrier to the mulch film market growth. Innovations in mulch films including biodegradable mulch films and strong progress in emerging markets are the major opportunities for the mulch film market.

The mulch film market is segmented into type, application, and region. On the basis of the key type, the global mulch film market is divided into black mulch, clear/transparent, colored mulch, polypropylene & polyethylene and degradable mulch. Black mulch films held a lion market share in 2017. Clear/transparent mulch film traps around 80% to 90% infrared radiations from the sun to conserve water suppress weed, soil warm, resulting in high crop yield and easy to harvest. Clear/transparent film type is anticipated to exhibit fastest CAGR over the next 7 years. Based on the applications, the global mulch film market is categorized into agricultural farms and horticulture. 

Asia Pacific region anticipates having high growth potential for mulch film market. The region has considerable cultivable land to cultivate crops in the countries including China and India. Moreover, mulch film market in China is leading as it faces urbanization and industrial growth and which has led Europe and North America to experience moderate growth rate over the forecast period. The Middle East and Africa and Latin America are anticipated to exhibit significant growth rate in the forecast period.

The key manufacturers in the global mulch film market are British Polythene Industries PLC, ExxonMobil Chemical, AEP Industries Inc., BASF SE, Britton Group, Ab Rani Plast Oy, Group Barbier, Kuraray Group, Plastika Kritis S.A., and The Dow Chemical Company among others.

This report segments the mulch film market as follows: 

Mulch Film Market: Type

  • Black
  • Clear/Transparent
  • Colored
  • Polypropylene & polyethylene
  • Degradable

Mulch Film Market: Application Analysis

  • Agricultural Farms
  • Horticulture

Mulch Film Market: Region Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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