The global biodegradable film market is rapidly exploring the latest trends including a rising awareness of environmental concerns, and increasingly the ecofriendly practices are being adopted. An environmentally conscious alternative to the traditional plastic films, used to cover soil in agriculture, called the biodegradable mulch films is currently has been found more effective due to its natural decomposition.
One worth emphasizing is the market trend of leaders asking for eco-friendly agriculture inputs. As part of a growing response to the problem that traditional plastic films generate by causing land degradation, and as the awareness increases that soil health and ecological conservation have to be promoted, growers and resource users are looking for novel approaches to reduce plastic waste and support expansion of soil habitat. With biodgrades as a broad category encapsulating various substances, including starch, polylactic acid (PLA), and polyhydroxyalkanoates (PHA), we have identified viable alternatives to address these challenges.
Apart from supply and demand, the government has also onethough the actions and regulating measures that are aimed at the promotion of the sustainability of the agricultural practices have also contributed to this trend. In this matter, many countries are moving towards that regulations that support the usage of biodegradable mulch film were toche lessen the environmental problem that agriculture brings about. Such rules typical are the ones that provide the farmers with the incentives to take their green practicem, and so actually supports the market growth.
Among the other elements responsible for market strive, of course, represents the advancements in research and development of biodegradable materials. Over time, research manufacturers will look towards utilizing new innovative materials and formulations to improve the quality and longevity of biodegradable mulching materials. As such, the herbs used in these films do not only naturally biodegrade and offer excellent weed control, but also keep the soil warm, retaining moisture similar to a traditional plastic mulch film.
The market has been manifested with a steep rise on agricultural groups dealings and partnerships as well as amplified biodegradable mulch film manufacturers' collaborations with research institutions. These interactions tend to bring together skills in agriculture, materials science and technology so as to generate composite solutions that address shifts in the agriculture market demand. This cooperation has made a step change in the rapid growth of the market for biodegradable mulching films globally.
It is cost-effectiveness that also prove as the determinant of the market's trends. Although biodegradable mulch film would be more expensive than conventional polyethylene film, its long-term potential to reduce environmental footprint and improve soils health, rated as one of the investments for environmentally proactive farmers. With production ability seeing such improving areas and production processes becoming more efficient, competition should bring the prices down, or rather, ensure that the biodegradable covers will be affordable to not only the big stakeholders in the agriculture arena.
Biodegradable Mulch Films Market Size was valued at USD 53.02 million in 2023. The Biodegradable Mulch Films industry is projected to grow from USD 57.14 million in 2024 to USD 111.02 million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.7% during the forecast period (2024 - 2032). Increasing demand and need for food crops owing to the rise in population.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Biodegradable films provide a limited solution to this rapidly evolving problem by increasing crop yield and thus aiding in the resolution of major issues such as water conservation, soil pollution, and climate change. The population has been rapidly increasing, and this trend is expected to continue during the forecast period.
The population of major countries around the world has increased dramatically. This scenario has put a strain on primary resources, particularly food. Because of population growth, there has also been an increase in per capita food consumption. Almost all major countries around the world are expected to see significant population growth. This factor is expected to put pressure on food production, forcing cultivators to choose more efficient food production methods.
This trend is bound to benefit the market because these films provide effective crop protection, increased yield, and improved production cycles. To meet the rising demand for food due to increase per capita consumption, efforts have been made to cultivate high-quality food crops with higher yields. Agricultural mulch films increase yield by hastening germination cycles, preventing direct contact of the crop with soil, and keeping fertilizers and nutrients closer to the crop. As a result, demand for biodegradable mulch films is expected to rise during the forecast period.
For instance, the Increasing adoption of bio-based products of Biodegradable Mulch Films is another factor driving the growth of the Biodegradable Mulch Films market revenue.
The Biodegradable Mulch Films market segmentation, based on biodegradable plastic, includes thermoplastic starch (TPS), aliphatic-aromatic copolyesters (AAC), controlled degradation masterbatches. The thermoplastic starch (TPS) Biodegradable Mulch Films segment held the majority share in 2021 contributing to around ~51.20% with respect to the Biodegradable Mulch Films market revenue. This is primarily owing to the easy availability, biodegradability, renewability, and cost-effectiveness of thermoplastic starch.
August 2022: BASF launched its new invisible Thermoplastic Polyurethane (TPU) Paint Protection Film (PPF) in Asia Pacific. It provides multifaceted and long-lasting protection for automotive coatings.
August 2019: BASF launched a certified soil-biodegradable plastic for Mulch Films known as Ecovio M 2351. This film is made from PBAT (polybutylene adipate terephthalate) Ecoflex, a biodegradable co-polyester, and other major biodegradable polymers derived from renewable raw materials.
Additionally, in comparison to aliphatic-aromatic copolyesters (AAC), controlled degradation masterbatches, thermoplastic starch (TPS) is faster and more useful. Owing to the easy availability, biodegradability, renewability, and cost-effectiveness of thermoplastic starch is likely to drive sector growth throughout the projection period.
The Biodegradable Mulch Films market segmentation, based on composition, includes starch, starch blended with polylactic acid (PLA), starch blended with polyhydroxyalkanoate (PHA). The starch segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The high demand for starch in the biodegradable much films market can be wide availability and low cost. Starch also degrades into harmless products when placed in contact with soil microorganisms. Additionally, it has a high amylose content, which aids in the formation of strong, flexible biodegradable mulch films. This has boosted the demand for starch biodegradable mulch film market growth.
December 2022 The Dow Chemical Company launched V PLUS Perform next. The product combines V PLUS Perform's high-performance fire safety and energy efficiency features with low-carbon and circular ingredients made to the customer's specifications
July 2019 Berry Group acquired RPC Group for US$ 6.5 billion. The acquisition would offer Berry Group the chance to use its collective expertise in cutting-edge manufacturing, product development, and material science to significantly increase value for shareholders. This approval has further broadened the growth opportunity for the Biodegradable Mulch Films industry.
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America Biodegradable Mulch Films market accounted for USD 5.66 million in 2021 and is expected to exhibit a 23.10 % CAGR during the study period. This is attributed to technological advancements such as the development of biodegradable mulch films and increased awareness of mulch films and modern farming practices across the region.
Further, the major countries studied are U.S, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Biodegradable Mulch Films market accounts for the second-largest market share due to the owing to increasing use of these films to yield crop products in large quantities and good quality, increasing investment in R&D, and support by government and rise in healthy lifestyles among the people. Europe was followed by North America owing to its growing population and eventually increasing demand for high crop yield and good quality products. Further, the Germany Biodegradable Mulch Films market held the largest market share, and the UK Biodegradable Mulch Films market was the fastest growing market in the European region
The Asia-Pacific Biodegradable Mulch Films Market is expected to grow at a CAGR of 32.10% from 2022 to 2030. This is due to the growing population, the agricultural sector is expanding to meet the growing demand for food, and farmers are becoming more aware of the benefits of biodegradable mulch film over the traditional plastic film. Furthermore, these countries are experiencing industrial growth and urbanization, which has resulted in higher consumer standards of living, resulting in increased demand for food products; this factor will also drive market share during the forecast period. Moreover, China Biodegradable Mulch Films market held the largest market share, and the India Biodegradable Mulch Films market was the fastest-growing market in the Asia-Pacific region
For instance, In India Biodegradable Mulch Films market, a growing need for plastic film alternatives in the agricultural and horticultural sectors are driving the India biodegradable mulch films market. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Biodegradable Mulch Films market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Biodegradable Mulch Films industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Biodegradable Mulch Films industry to benefit clients and expand the Biodegradable Mulch Films market sector is to manufacture locally to reduce operating costs. In recent years, Biodegradable Mulch Films have provided medicine with some of the most significant benefits.
BASF SE (US) is a multinational chemical company and the largest chemical producer in the world. In August 2022, BASF launched its new invisible Thermoplastic Polyurethane (TPU) Paint Protection Film (PPF) in Asia Pacific. It provides multifaceted and long-lasting protection for automotive coatings.
Also, The Dow Chemical Company (US) is an American multinational chemical corporation. In December 2022, The Dow Chemical Company launched V PLUS Perform next. The product combines V PLUS Perform's high-performance fire safety and energy efficiency features with low-carbon and circular ingredients made to the customer's specifications.
December 2022 BASF SE launched ColorBrite Airspace Blue ReSource basecoat, the first biomass balance automotive coating. This basecoat product reduces the carbon footprint of the product by approximately 20%. A third-party external sustainability consultant reviews the savings figure
January 2022 BASF SE launched Peptovitae, a series of four patented peptides that represent a new generation of scientifically developed biomimetic peptides. The Peptovitae series addresses a broader range of skin concerns than are traditionally associated with the use of peptides.
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