Latin America Biodegradable Mulch Films Market Size & Outlook
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Latin America biodegradable mulch films market highlights
- The Latin America biodegradable mulch films market generated a revenue of USD 1,558.5 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, thermoplastic startch (tps) was the largest revenue generating form in 2023.
- Thermoplastic startch (TPS) is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,558.5 million |
| Market revenue in 2030 | USD 2,505.2 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Thermoplastic startch (tps) |
| Fastest growing segment | Thermoplastic startch (TPS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoplastic startch (TPS), Startch blended with polylactic acid (PLA), Startch blended with polyhydroxyalkanoate (PHA), Aliphatic-aromatic copolyesters (AAC) |
| Key market players worldwide | Basf SE, BioBag International, Kingfa Technology, Kingfa Science & Technology (I, RKW Group, Armando Alvarez Group, Al-Pack, Novamont, Rani Plast |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.3% of the global biodegradable mulch films market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,569.7 million by 2030.
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Biodegradable Mulch Films Market Scope
Biodegradable Mulch Films Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America biodegradable mulch films market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable mulch films market will help companies and investors design strategic landscapes.
Thermoplastic startch (tps) was the largest segment with a revenue share of 61.13% in 2023. Horizon Databook has segmented the Latin America biodegradable mulch films market based on thermoplastic startch (tps), startch blended with polylactic acid (pla), startch blended with polyhydroxyalkanoate (pha), aliphatic-aromatic copolyesters (aac) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of biodegradable mulch films market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biodegradable mulch films market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biodegradable mulch films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biodegradable mulch films market size, by country, 2018-2030 (US$M)
Latin America Biodegradable Mulch Films Market Outlook Share, 2023 & 2030 (US$M)
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