Mulch Films Market Forecast 2023-2028: Trends, Drivers, and Growth Opportunities, and Top Companies
The global mulch films market was valued at USD 7.8 billion in 2023 and is projected to reach USD 10.6 billion by 2028, growing at a CAGR of 6.5% during the forecast period. Mulch films are thin plastic or biodegradable sheets placed on soil surfaces to suppress weeds, retain moisture, and enhance crop yields. Available in various colors, thicknesses, and materials—such as polyethylene, polypropylene, and biodegradable options like paper and cornstarch—these films play a critical role in both agriculture and horticulture.
By creating a barrier between the soil and atmosphere, mulch films inhibit weed germination by blocking sunlight, reduce the need for irrigation by conserving moisture, and help regulate soil temperature by trapping solar heat, fostering optimal crop growth.
Mulch Films Market Growth Drivers
- Rising Food Demand and Limited Arable Land: With global population growth and shrinking farmland, farmers are under pressure to maximize productivity. Mulch films help improve yield by optimizing soil conditions, making them a preferred choice for intensive farming.
- Climate Change and Water Scarcity: Mulch films reduce evaporation and conserve water, which is a critical feature in regions affected by drought or irregular rainfall patterns.
- Government Initiatives and Subsidies: Several countries, including China and India, offer subsidies and promote the use of mulch films to increase agricultural efficiency and sustainability.
- Shift Toward Biodegradable Products: Environmental regulations are pushing the market away from conventional plastic mulch films toward biodegradable alternatives. Europe, in particular, is leading this transition due to strict plastic use regulations.
EVA Segment to Witness Fastest Growth
The Ethylene Vinyl Acetate (EVA) segment is expected to register the highest CAGR within the material segment. EVA’s superior properties—such as flexibility, UV resistance, and durability—make it ideal for mulch film production. These films support modern farming needs by improving soil health, conserving water, and boosting yields, aligning with the global push for more efficient and sustainable agricultural practices.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220908278
Horticulture Leads by Application
In 2022, the horticulture sector emerged as the leading application segment in the mulch films market. The push for sustainable and eco-friendly farming has fueled this trend, as mulch films help reduce reliance on chemical herbicides and pesticides while conserving water, making them highly suitable for organic and environmentally responsible farming.
Mulch films also reduce labor costs, optimize soil temperature, and extend growing seasons. Their adaptability to various climates enhances their appeal, particularly in regions facing unpredictable weather, where they protect crops from frost, heat, and heavy rainfall.
India: Fastest-Growing Market in Asia Pacific
India is projected to be the fastest-growing market in the Asia Pacific region during the forecast period. This growth is underpinned by several macroeconomic trends:
- Rising middle-class population with increased disposable income is driving demand for agricultural products and food security.
- Urbanization is reshaping consumption patterns and increasing demand for infrastructure, housing, and consumer goods.
- According to The Financial Express (2021), the growing middle class is expected to accelerate the shift from informal to more formal, wage-based sectors, spurring investments and creating new market opportunities.
As a result, both domestic and international companies are finding fertile ground for growth in India’s evolving economic landscape.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=220908278
Major manufacturers in this market are based in North America, Europe, and the Asia Pacific region. BASF SE (Germany), Berry Global Inc. (US), Dow (US), Kuraray (Japan), Exxon Mobil Corporation (US), RKW Group, Novamont S.p.A. (Italy), Plastika Kritis S.A. (Greece), Armando Alvarez Group (Spain), and Achilles Corporation (Japan) are among a few leading players operating in the mulch films market. These players have adopted various growth strategies to strengthen partnerships and new product development activities to expand their mulch films market presence further.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/mulch-films-market-220908278.html
