Pune, India -- (SBWIRE) -- 02/16/2018 -- The report Biodegradable Mulch Film Market by Crop Type (Grains & Oilseeds, Flowers & Plants, and Fruits & Vegetables), Raw Material (Aliphatic-Aromatic Copolyesters (AAC), Thermoplastic Starch (TPS), Starch Blended with Polylactic Acid (PLA), Starch Blended with Polyhydroxyalkanoate (PHA), and Others.) - Global Industry Analysis, Trends analysis and Forecast up to 2024 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa), the biodegradable mulch film market is expected to reach USD 64.5 million by 2024 expanding at a CAGR of 5.7%. Factors driving the growth of this market include increasing demand of biodegradable mulch films owing to their soil temperature maintaining properties and rising usage of biodegradable mulch films due to growing population owing to depleting arable land.

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Thermoplastic Starch (TPS) estimated to Account for the Largest Share of the Market in 2018

By raw material, the biodegradable mulch film market is classified into aliphatic-aromatic copolyesters (AAC), thermoplastic starch (TPS), starch blended with polylactic acid (PLA), starch blended with polyhydroxyalkanoate (PHA), and others. The thermoplastic starch (TPS) segment is expected to lead the global biodegradable mulch film in 2018. Factors driving the growth of this segment include increasing demand for this starch due to their ability to produce favourable products and availability at low cost.

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Fruits & Vegetable estimated to Command the Largest Share of the Market during the Forecast Period

Based on crop type, the biodegradable mulch film market is categorized into grains & oilseeds, flowers & plants, and fruits & vegetables. The fruits & vegetables segment is estimated to account for the largest share of the global biodegradable mulch film market during the forecast period. Increasing demand for biodegradable mulch film as they improve the quality and reduce fruit & vegetable rot by preventing contact between fruit and soil is the key factors driving the growth of this end-user segment.

Asia Pacific estimated to Command the Largest Share of the Market

Based on region, the biodegradable mulch film market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the biodegradable mulch film market in 2018. This is attributed to factors such as increasing demand for food owing to growing industrialization and rising acceptance of biodegradable mulch film in the region as a sustainable ecological mulching which do not produce much waste.

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Companies Profiles Covered in this Report:

The report profiles some of the key companies in the biodegradable mulch film market including Armando Alvarez, Al-Pack Enterprises Ltd., Novamont, AB Rani Plast OY, BASF, Kingfa Sci & Tech Co Ltd, BioBag International AS, AEP Industries Inc., RKW SE, and British Polythene Industries PLC.