Newly released market study: Biodegradable Mulch Film Market - Global Forecast to 2021

Biodegradable Mulch Film Market by Biodegradable Plastic (TPS, AAC, Controlled Degradable Masterbatches), by Type (Starch, Starch Blended With PLA, Starch Blended With PHA), by Crop Type (Fruits & Veg, Grains, Plants) & by Region - Global Forecast to 2021

"Biodegradable mulch films market projected to grow at a CAGR of 7.95%"

The global biodegradable mulch films market size is projected to grow from USD 35.76 million in 2016 to USD 52.43 million by 2021, at a CAGR of 7.95% from 2016 to 2021. The growth of biodegradable mulch films market can be attributed to the rising demand of biodegradable mulch films in greenhouse, increased applications in agriculture, and rising environmental concerns that shifted the focus of growers toward eco-friendly mulch films.

"Thermoplastic starch segment led the market with the largest 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 availability from agricultural crops. Additionally, 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 growth of thermoplastic starch in the biodegradable mulch film market.

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"Fruits & vegetables segment is projected to grow at the fastest rate in the biodegradable mulch films from 2016 to 2021"

Fruits & vegetables segment is estimated to have the largest share in the biodegradable mulch films market in 2015 and the current trend is expected to follow during the forecast 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, increasing soil temperature, and suppressing the growth of weeds.

The figure below shows the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.

By Company Type: Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%

By Designation: C level - 28%, Director level - 22%, and Others - 50%

By Region: North America - 18%, Europe - 25%, Asia-Pacific - 45%, RoW - 12%

"China contributed to the largest market share in the Asia-Pacific region"

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