Market Size of Biodegradable Mulch Film Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Biodegradable Mulch Film Market Analysis
The biodegradable mulch film market is expected to register a CAGR of 8.5% during the forecast period 2021 - 2026. Biodegradability in the soil provides huge benefits for agricultural and horticultural products. Biodegradable mulching films has made rapid improvement in terms of usability that allows cultivators to plow in bioplastic mulch after use, instead of collecting them from the field for recycling, which improves operational efficiency. However, the potential environmental consequences of using biodegradable mulches have not been thoroughly studied, and the international standards, such as ISO 17088, ASTM D6400, ISO 17556, and ASTM D5988, for validating their safeness are in the ongoing research phase.
- The expansion of the greenhouse project drives the market. According to the World Greenhouse Vegetable Statistics, there are 1,228,000 acres of greenhouse growing space for production worldwide. Biodegradable plastic mulch fragments physically modify soil before they are fully biodegraded. However, PE plastic fragments reduce soil infiltration and water absorption, by which the accumulation may affect soil ecosystems in greenhouse plantation and ultimately, plant germination and growth. Thus, the demand for biodegradable mulch film market increases in this segment.
- Supportive regulation from the governments for organic mulching across the world is driving the market. For instance, in Europe, EN 17033 is the new product standard made for biodegradable mulch films used in agriculture and horticulture and specifies the necessary requirements and test methods. The standard is designed for a clear reference to farmers, distributors, and stakeholders. EN 17033 is more likely to replace other pre-existing national standards in Europe.
- High installation cost, along with the addition of harmful additives during the manufacturing process, challenges the growth of the market. The deficit of availability of such mulch films with high initial costs is challenging the growth. Moreover, the involvement of plasticizers in the manufacturing of biodegradable mulch film to make profits may challenge the market with growing awareness among the farmers.
