The global mulch films market is expected to reach a market size of USD 6,697.2 Million by 2028 and register a steady CAGR over the forecast period, according to a latest report by Reports and Data. The mulch films market is witnessing robust growth due to rising demand for higher crop yields worldwide. According to statistics released by the United Nations, the world population was 7.3 billion people in 2016 and is estimated to reach 9.7 billion by 2050. Rapidly increasing population growth and increasing purchasing power parity in developing economies is leading toward a shift in dietary habits comprising more protein intake, and this is another factor fueling global demand for food. Demand for food is expected to increase by 59% to 98% by 2050. Mulch films are widely employed to alter soil temperature, prevent moisture loss, hinder weed growth, and improve crop productivity.
Mulch films for greenhouses are used to shield plants from weather conditions such as rain and wind and to regulate internal temperatures and prevent considerable changes in temperature in greenhouses. The atmosphere inside greenhouses has high relative humidity. Use of mulch films is beneficial in the reduction of soil evaporation and improvement in the atmosphere around crops and plants.
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COVID-19 Impact:The COVID-19 pandemic has severely impacted the mulch films market. The disruption of worldwide supply chains created an oversupply situation for mulch film producers. Besides, the forced lockdown and movement restrictions had resulted in a shortage of workforce required to install mulch films in agricultural fields.
Key market participants include The Dow Chemical Company, Novamont SPA, RKW Group, British Polythene Industries PLC, BASF SE, Armando Alvarez Group, Berry Global Inc., Ab Rani Plast Oy, AEP Industries Inc., and AL-Pack Enterprises Ltd.
For the purpose of this report, Reports and Data has segmented the global mulch films market on the basis of product type, raw material, crop type, and region:
Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
Raw Material Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
Crop Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
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Some Key Findings in the Report
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Key points addressed in the report:
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Indicative Metrics
Chapter 4. Mulch Films Market Segmentation & Impact Analysis
4.1. Mulch Films Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Growing demand for a higher crop yield 4.2.2.2. Rise in global population 4.2.2.3. Decreasing agricultural lands 4.2.2.4. Growing demand in greenhouses 4.2.2.5. Supportive government regulations
Continued…
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