The global mulch films market has grown exponentially in the last few years. The market size is projected to reach USD 4.07 Billion by 2020, at a CAGR of around 6.5% from 2015 to 2020. Emerging countries such as India and China are the primary targets of the industry. Factors such as increasing demand for food and growing population are the major driving factors for this market.
Pune, India -- (SBWIRE) -- 03/29/2016 -- The report "Mulch Films Market by Type (Clear/Transparent, Black, Colored, and Degradable), by Application (Agricultural Farms, and Horticulture), by Element (LLDPE, LDPE, HDPE, EVA, PLA, and PHA), & by Region - Global Trends and Forecast to 2020", The mulch film market is projected to reach a value of USD 4.07 Billion and is projected to grow at a CAGR of 6.5% from 2015 to 2020.
Browse 92 tables and 47 figures spread through 146 Pages and in-depth TOC on "Mulch Films Market - Global Trends and Forecast to 2020"
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The market is driven by factors, such as increasing population, agricultural growth, and global economic growth. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.
Clear/transparent mulch film market is the fastest growing market by type during 2015–2020
The clear/transparent mulch film type is projected to grow with the highest CAGR from 2015 to 2020. Clear/transparent mulch traps around 85% to 95% infrared radiations from the sun to keep the soil warm, conserve water, and suppress weed, leading to quicker crop yield and harvest. Black mulch films have the largest market share globally; these films are in high demand as they prevent the growth of weed on the farmland and also trap the sun's energy to keep the soil warm for enhanced crop yield.
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EVA segment depicts high potential for the mulch film market
The market for EVA is growing as it provides various advantages, such as softness, flexibility, clarity, and resisitance to crack & stress. There is a favorable demand for EVA in the Asia-Pacific region as this region has the fastest growth for mulch films. LLDPE has the largest market in mulch films. LLDPE is mostly preferred as its performance is better than its conventional counterpart, LDPE, and it has favorable production cost for farmers. LLDPE has more resistance and tensile strength which is better for crop production.
Significant growth for mulch films is observed in the Asia-Pacific region
Asia-Pacific has a high growth potential for mulch films. This region has many emerging countries, such as China and India, which have considerable cultivable land to grow crops. Moreover, China is among the leading countries for mulch films as the country faces industrial growth and urbanization which has led to the higher standards of living among consumers, resulting in the rise for food products. Biodegradable mulch films have a favorable growth in this region. Key players such as BASF SE (Germany) provide biodegradable mulch films in the country. Based on this scenario, the market for mulch films has a positive outlook in the Asia-Pacific region.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such BASF SE (Germany), the DOW Chemical Company (U.S.), Berry Plastics Group, Inc. (U.S.), RKW Group (Germany), and AEP Industries Inc. (U.S.).
In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global mulch film market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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