Global Mulch Films Market
The global Mulch Films market was valued at USD 3.19 billion in 2016 and is projected to reach USD 5.52 billion by 2025, growing at a CAGR of 6.30% from 2017 to 2025.
Plastic mulches are products used in agriculture to combat the losses caused due to pests and weeds. The demand for these products is expected to remain high in horticultural and ornamental gardens. These products are majorly used in vegetable and fruit plantations. Asia Pacific is the major region owing to growing demand
1. Market Drivers
1.1 Adoption of mulching technology
1.2 Effective use of water in crop cultivation
2. Market Restraints
2.1 High cost of installation
2.2 Adverse effects of plastics
The global Mulch Filmsmarket is segmented on the type, application, element, and region.
1. By Type:
1.1 Black Mulch
1.3 Colored Mulch
1.4 Degradable Mulch
2. By Application:
2.2 Agricultural Farms
3. By Element:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. British Polythene Industries
3. Berry Plastics Group
4. Ab Rani PlastOy
5. DOW Chemical Company
7. RKW Group
8. Al-Pack Enterprises Ltd.
9. Armando Alvarez
10. AEP Industries
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Mulch Films Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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