The global mulch film market is anticipated to register growth over the forecast period. Increasing crop productivity demand with decreasing arable land is expected to remain a key driving factor for market growth. Key mulch film applications include retaining moisture & maintaining temperature in soil, slacken weed activity, providing nutrients, ultraviolet (UV) ray protection, reduce soil erosion & compaction, bolster seed germination, and aesthetics.
Increasing crop demand owing to the growing population globally is expected to fuel mulch film market demand over the forecast period. Based on properties, mulch films are categorized as organic, colored, anaerobic, ground covers, polypropylene & polyethylene, and bio-degradable. Polyethylene mulch films are widely used for weed reduction whereas polypropylene is employed for perennials. Biodegradable mulch films are primarily made from polyester fibers and plant starch & sugars. Increasing advancement in farming techniques coupled with growing awareness on crop wastage reduction is expected to have a positive influence on mulch film market. High film disposal cost coupled with adverse chemical effect based mulch film is expected to hamper industry participant’s growth. Increasing government awareness programs meant to encourage the adoption of advanced farming techniques especially in Asia Pacific countries is expected to yield key opportunities for market participants.
Asia Pacific was a major mulch film regional market over the past few years. Agro-based economies such as China, India, Pakistan, Indonesia, and Philippines are expected to witness high growth rates owing to increasing crop production with limited land availability for farming. This is anticipated to be the consequence of surging the real estate industry, rapid urbanization, and increasing ornamental crop farming. Developed economies of North America and Europe are expected to witness moderate growth rates over the forecast period. Middle-east and North African regions are expected to witness significant growth rates over the next six years owing to increasing floriculture and horticulture given extreme climatic conditions in these regions.
Some major companies operating in the global mulch film market include BASF SE, British Polythene Industries PLC, AEP Industries Inc., and Armando Alvarez Group. Other major manufacturers include Berry Plastics Corporation, Hyplast NV, Plastika Kritis S.A., Britton Group, ExxonMobil Chemical, Ab Rani Plast Oy, Britton Group, The Dow Chemical Company, Kuraray Group, Group Barbier, Trioplast AB, and Novamont S.p.A.
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The current pandemic situation has created disruption in the manufacturing of agrochemicals by virtue of raw material availability. Furthermore, this continual trend shall have a cascading effect on food productivity and crop yields on economies that are predominantly agrarian, during a time when demand for Agri produce shall register a spike over the medium term. Governments across the developing world are vying to incrementally ease restrictions on the manufacturing of fertilizers and maintain seasonal agricultural activities in order to reduce concerns regarding food security, which is a critical indicator for determining the course of a supply gap in the industry. The report will account for Covid19 as a key market contributor.