Global Mulch Film Market 2017: Key Players BASF SE, British Polythene Industries PLC, AEP Industries Inc. and Armando Alvarez Group

Mulch Film Market
Mulch Film Market

According to the report, the global Mulch Film Market accounted for USD 2.9 Billion in 2015 and is expected to reach USD 4.2 Billion by 2021, growing at a CAGR of around 6.3% between 2016 and 2021.

Mulch Film is a polyethylene protection sheet cover over the soil, mainly to modify the effect of the local climate. There are different types of mulch films like colored, transparent, black and degradable. Selection of the particular type of mulch sheet depends on upon the specific purpose eg. Raising the soil temperature or cooling it down, weeds control, etc. It also helps to conserve water in crop production. Some research has been done using different colors of mulch film check their effect on crop growth. Worldwide the cultivation under mulch film is increasing year by year.

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Mulch film is majorly used in vegetable crops like tomato, chili, pepper, and cucurbits, etc. Almost 55,598 hectares land is under vegetables at the global level. Hence there is a huge opportunity for the mulch film market share. Crop cultivation with mulch film is beneficial to the grower in a way to improve crop quality, soil moisture retention, weed management, etc. Reduction in fertilizer leaching, reduction in root damage is some additional benefits of mulch film usage. All these are drivers market of mulch film at the global level.

Disposal of plastic mulch is an environmental problem; however, technologies exist to provide for the recycling of used/disposed of plastic mulch into viable plastic resins for re-use in the plastics manufacturing industry. Though there are huge benefits of using mulch film, there are some restraints too, like the cost of installation of mulch film is high, and another big challenge for mulch film manufacturing industry is adverse effects of plastics on an environment.

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Over the past few years, Asia-Pacific has been a major mulch film regional market. Agro-based economies such as India, Pakistan, China, Indonesia, and the Philippines are expected to witness high growth rates owing to increasing crop production with limited land availability for 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 key companies operating in global mulch film market are BASF SE, British Polythene Industries PLC, AEP Industries Inc. and Armando Alvarez Group, Britton Group, ExxonMobil Chemical, Ab Rani Plast Oy, Plastika Kritis S.A., Group Barbier, Kuraray Group, The Dow Chemical Company.

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