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Biodegradable Mulch Film Market Size, Share & Industry Analysis, By Polymer (Thermoplastic Starch (TPS), Starch Blended with Polylactic Acid (PLA), Starch Blended with Polyhydroxyalkanoate (PHA), Aliphatic Aromatic Copolyesters (AAC), and Others), By Application (Fruits & Vegetables, Grains & Oilseeds, and Flowers & Plants), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Nov, 2024 | Report ID: FBI102759 | Status : PublishedThe 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.
Biodegradable Mulch Film (BDM) is a sustainable alternative to traditional plastic mulch, crafted from naturally decomposable raw materials. It offers similar benefits such as weed suppression, moisture retention, and improved soil temperatures while also breaking down into the soil at the end of the growing season. Driven by increasing environmental concerns, stringent regulations on plastic usage, and a growing preference for organic and sustainable farming practices, biodegradable mulch film is gaining traction as an eco-friendly solution in modern agriculture. Hence, such factors are expected to flourish the global market growth during the forecast timeframe.
The COVID-19 pandemic initially disrupted the market due to supply chain disruptions and reduced agricultural activities. However, the subsequent surge in demand for sustainable packaging and growth in environmental concerns accelerated market recovery and positioned biodegradable mulch film as a promising solution for eco-conscious farmers.
Biodegradable Mulch Film Market Trends
Increasing Demand for Biodegradable Mulch Film over Conventional PE Mulch Film Presents Lucrative Market Opportunities
The rising adoption of biodegradable mulch film over conventional PE mulch film is anticipated to augment the market growth with surging lucrative opportunities during the forecast timeframe. The growth is primarily driven by heightened environmental consciousness, stringent regulations on plastic waste, and the increased demand for organic and sustainably produced food.
PE mulch films pose a significant threat to agricultural ecosystems due to microplastic pollution.
Over time, these films degrade into tiny particles that infiltrate the soil, contaminating it and disrupting its delicate balance. Furthermore, these microplastics harm soil organisms, hinder nutrient cycling, and potentially enter the food chain through crop uptake. As a result, such an issue leads to a surge in the urgent need for sustainable alternatives, such as biodegradable mulch films, to mitigate the long-term consequences of plastic pollution in agriculture. The ability of biodegradable mulch to decompose naturally and reduce plastic pollution, coupled with its benefits such as weed control, maintenance of soil structure, and prevention of crops from soil contamination, is fueling the market growth.
Moreover, government incentives, consumer preference for eco-friendly products, and the overall shift toward sustainable agriculture practices are also accelerating the biodegradable mulch film market growth.
Biodegradable Mulch Film Market Growth Factors
Rapid Growth of Horticulture Sector to Fuel Bio Mulch Film Demand
The burgeoning horticulture sector is a key driver for the adoption of biodegradable mulch films. The increasing focus of the horticulture sector on sustainable and efficient production methods aligns perfectly with the benefits offered by biodegradable mulch film.
As demand for fresh produce grows, the need for bio mulch film to enhance crop yield, quality, and soil health and minimize environmental impact surges. Furthermore, its ability to suppress weeds, retain moisture, and improve soil structure also makes it an attractive option for horticulturalists seeking to optimize their operations and meet consumer demands for sustainably produced products. Moreover, growing technological innovation in farming coupled with supportive government regulation on the adoption of bio-materials are slated to augment the growth of the bio-degradable mulch film market during the forecast timeline.
RESTRAINING FACTORS
High Production Cost Coupled with Varying Environmental Conditions May Limit Market Growth
Despite its growing popularity, the adoption of bio-mulch is still limited in many areas. This is mainly due to high production costs compared to traditional plastic mulch, as bio mulch film demands specialized equipment for application, which can be an initial investment barrier. Furthermore, inconsistent performance due to varying environmental conditions leads to limited availability and cost fluctuation, which affect widespread adoption in many areas. Hence, such factors can impede market growth.
Biodegradable Mulch Film Market Segmentation Analysis
By Polymer Analysis
Thermoplastic Starch (TPS) Segment Dominated Owing to Increasing Demand for Eco-Friendly Materials
Based on polymer, the market is classified into Thermoplastic Starch (TPS), starch blended with Polylactic Acid (PLA), starch blended with Polyhydroxyalkanoate (PHA), Aliphatic Aromatic Copolyesters (AAC), and others.
The Thermoplastic Starch (TPS) segment held the highest biodegradable mulch film market share in 2023 and is estimated to record a significant growth rate during the forecast period. The growth of the segment is primarily driven by the escalating demand for eco-friendly and biodegradable materials across various applications. Furthermore, increasing environmental concerns, stringent regulations on plastic pollution, and growing consumer awareness about sustainable packaging are key factors propelling TPS segment growth.
The starch blended with Polylactic Acid (PLA) segment held a significant market share in 2023. The segment growth is primarily driven by the need for cost-effective biodegradable materials with improved mechanical properties. In addition, the incorporation of starch into PLA can significantly enhance certain properties, such as stiffness and barrier attributes, making the blend more suitable for a wider range of applications, particularly in agriculture.
By Application Analysis
Fruits & Vegetables Segment Leads Driven by Product’s Ability to Prevent Weed Growth
In terms of application, the market is segmented into fruits & vegetables, grains & oilseeds, and flowers & plants.
The fruits & vegetables segment held the largest market share in 2023. Bio-mulch films have found extensive applications in the fruit & vegetable sector. The growth is attributed to their ability to prevent weed growth, conserve soil moisture, and enhance soil temperature, which contributes to increased yields and improved fruit & vegetable quality. In addition, these mulch films protect crops from soil-borne diseases, reduce the need for chemical herbicides, and enhance the overall aesthetic appeal of the produce.
In the grain and oilseeds sector, BDM helps improve crop establishment, yield, and quality in certain conditions. Furthermore, as the focus on sustainable agriculture intensifies, the adoption of BDM in grain and oilseed cultivation is expected to increase, especially in regions with high weed pressure and water scarcity.
REGIONAL INSIGHTS
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific biodegradable mulch film market accounted for the size of USD 22.9 million in 2023. The region is emerging as a major player in the market, in which China holds the dominant share. The market’s growth in this region is majorly fueled by rapid urbanization, increasing disposable incomes, and a growing middle class. Moreover, the region's vast agricultural sector, along with the rising demand for fresh produce, is poised to accelerate market growth in China.
In North America and Europe, the market’s growth is driven by stringent environmental regulations, a strong emphasis on sustainable agriculture, and a growing consumer preference for organic products. These regions have witnessed significant investments in research and development, leading to the production of advanced biodegradable materials. In addition, government support and awareness campaigns have further contributed to the market growth.
Latin America and the Middle East & Africa offer significant growth potential for agricultural mulch film. These regions are characterized by large agricultural lands and a growing population, creating a demand for efficient and sustainable farming practices. In addition, increasing environmental concerns along with government initiatives are promoting sustainable agriculture, which is expected to drive market growth in these regions.
KEY INDUSTRY PLAYERS
Key Companies Are Expanding their Product Portfolio with Bio Products for Sustainable Growth
In terms of the competitive landscape, the market depicts the presence of established and emerging companies. BASF SE, Kingfa Sci & Tech Co Ltd, BioBag International AS, and Novamont AB are some of the key players in the market. For instance, in April 2024, BASF SE expanded its product portfolio with ecovio 2351, a sustainable solution for agriculture and food production. This biodegradable mulch film can remain in the soil and be tilled after harvest, eliminating the need for laborious removal and recycling processes required with traditional plastic mulch films.
List of Top Biodegradable Mulch Film Companies:
- BASF SE (Germany)
- Kingfa Sci & Tech Co Ltd (China)
- BioBag International AS (Norway)
- Novamont AB (Italy)
- SOLOS POLYMERS PVT. LTD. (India)
- Ved Industries (India)
- Tilak Polypack (India)
- Olive Industries (India)
- Shanghai Yifu Packing Products Co., Ltd. (China)
- Balson Polyplast Private Limited. (India)
REPORT COVERAGE
The report provides a detailed analysis of the market. It focuses on key aspects, such as leading companies, forging types, compositions used to produce these products, and end-use industries of the product. Besides this, it offers insights into the market and current industry trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors contributing to the market's growth.
Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Unit | Value (USD Million) and Volume (Ton) |
Growth Rate | CAGR of 8.1% from 2024 to 2032 |
Segmentation | By Polymer
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By Application
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By Region
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Frequently Asked Questions
How much is the biodegradable mulch film market worth?
Fortune Business Insights says that the global market size was valued at USD 63.8 million in 2023 and is projected to reach USD 126.8 million by 2032.
What was the value of Asia Pacifics biodegradable mulch film market in 2023?
In 2023, the Asia Pacific market value stood at USD 22.9 million.
At what CAGR is the market projected to grow during the forecast period of 2024-2032?
Recording a CAGR of 8.1%, the market is slated to exhibit steady growth during the forecast period of 2024-2032.
Which is the leading segment in the market by application?
By application, the fruits & vegetables segment led in 2023.
What is the key factor driving the market growth?
The rapid growth of the horticulture sector is set to fuel bio mulch film demand during the projected timeframe, impelling market growth.
Which region is emerging as a major player in the market?
Asia Pacific is emerging as a major player in the market.
What factors are expected to drive the product adoption?
The growing adoption of mulch films in the agriculture products coupled with growing product advancement will fuel the market growth.
- Global
- 2023
- 2019-2022
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