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Biodegradable Mulch Film Market by Biodegradable Plastic , by Type , by Crop Type  & by Region - Global Forecast to 2021

Biodegradable Mulch Film Market: Global Forecast until 2021

  • April 2016
  • 177 pages
  • ID: 3782620
In this report:
Kingfa launched a plant in Tianjin in north China that has annual capacity of ##,## metric tons and designed the total capacity of ##,## metric tons.
Kingfa planned to build a new site in Chengdu, Sichuan province, for manufacturing as well as R&D Kingfa launched a plant in Tianjin in north China that has an annual capacity of ##,## metric tons and designed a total capacity of ##,## metric tons

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"Biodegradable mulch films market forecasted to grow at a CAGR (Compound annual growth rate) of ~7.9 percent"

The overall biodegradable mulch films market size is forecasted to grow from ~$35.8M in 2016 to ~$52.4M by 2021, at a compound annual growth rate of ~7.9 percent from 2016 to 2021. The increase of biodegradable mulch films market can be accredited to the growing demand of biodegradable mulch films in greenhouse, rised applications in agriculture, and increasing environmental concerns that shifted the focus of growers toward eco-friendly mulch films.

"Thermoplastic starch segment led the industry with the biggest value in 2015"

The high demand of thermoplastic starch in the biodegradable mulch films market can be attributed to its low cost, renewability, abundance, biodegradability, and accessibility from agricultural crops. On top of, the environmental issues concerning the use of conventional synthetic polymers have shifted the focus of growers toward the adoption of biodegradable materials made from the renewable resources. This has driven the rise of thermoplastic starch in the biodegradable mulch film market.

"Fruits & vegetables segment is expected to rise at the quickest rate in the biodegradable mulch films from 2016 to 2021"

Fruits & vegetables segment is projected to have the biggest share in the biodegradable mulch films market in 2015 and the current trend is anticipated to follow during the outlook period. This can be attributed to its ability to optimally improve crop quality and enhance agricultural productivity in an eco-friendly manner by minimizing soil erosion, providing nutrients, growing soil temperature, and suppressing the increase of weeds.

The figure below shows the breakdown of the primaries on the basis of company, description, and area, conducted during the business research study.

By Company Type: Tier 1 - 20.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 35.0 percent

By Description: C-suite - 28.0 percent, D-level - 22.0 percent, and Others - 50.0 percent

By area: North america (NA) - 18.0 percent, Europe - 25.0 percent, Asia-Pacific - 45.0 percent, RoW - 12.0 percent

"China (CN) helped to the biggest market share in the Asia-Pac region"

The Asia Pacific (APAC) area is expected to grow at the maximal rate in the biodegradable mulch films market. The important increase is propelled by the growing demand for food, which in turn drives the sector for biodegradable mulch films. The biodegradable mulch films help to meet the growing demand of food by growing the agricultural production in an ecofriendly manner. China (CN) is one of the leading consumers of biodegradable mulch films. The industry demand is also rising from regions such as India (IN) where agriculture mainly contributes to the increase of the economy.

The biodegradable mulch films market is diversified and competitive, with a big number of actors. The top players in the biodegradable mulch films market contain BASF SE, Kingfa Sci & Tech Co Ltd, BioBag International AS, AEP Industries Inc., and RKW SE, while other actors contain British Polythene Industries PLC, Armando Alvarez, Al-Pack Enterprises Ltd., Novamont S.Pa. , and AB Rani Plast OY. These actors have adopted different strategies including expansions, strategic agreements, joint ventures (JV), mergers & acquisitions, and recent product launches to extend their overall presence and growth their share of market.

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the biodegradable mulch films market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct segments and territories.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This business report will facilitate partners to better find out the competitor and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

Why acquiring this study can help you:

- To get a comprehensive overview of the overall biodegradable mulch films market

- To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

- To benefit insights of the main countries/localities in which the biodegradable mulch films market is prospering

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