Ready Yourself for Challenges in the Time of COVID-19. Here’s What Stakeholders Need to Know About the Evolving Global Mulch Films Market
Weathering the current pandemic and the looming recession, the global market for Mulch Films is projected to reach US$5. 1 billion by 2027
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Mulch Films market. Report segmentation includes Type (Black, Colored, Clear/Transparent, Degradable, Other Types); Element (LLDPE, LDPE, EVA, PLA, PHA, Other Elements); Application (Agriculture, Horticulture) ).
7 June 5:16 A.M., California/Marketwire/ - According to the new market research report, weathering the current pandemic and the looming recession, the global market for Mulch Films is projected to reach US$5. 1 billion by 2027. Intricately linked to food security, the agriculture industry is expected to buck the economic pressures posed by the COVID-19 pandemic. To ensure enough food to feed a growing population, governments worldwide are extending financial support in addition to easing restrictions on farming, food production and distribution. Agricultural productivity cannot be undermined without serious implications to food security even amidst a public health crisis. Already, regional and international food supply chains are coming under severe pressure with movement of goods facing disruptions as a result of transport restrictions. Protectionist trade measures banning food exports is additionally aggravating global food security. Demand for food in global markets is witnessing massive spikes as consumers stockpile and hoard essentials to survive the lockdowns. As a result, safeguarding food security has suddenly shot into the spotlight as a priority for governments as they seek to mitigate impact of COVID-19 on food production, transport, distribution and trade. Given their role in improving crop quality, minimizing weed spread, ensuring soil temperature control and water retention, mulch films will continue to remain in demand among farmers worldwide.
Mulches are applied to the surface of the soil, and around flower beds, trees, and paths, for preventing soil erosion from slopes, and in growing areas for vegetable and flower crops. Plastic mulch, which is used by large-scale commercial farms, is spread across the field either in the form a standalone plastic mulch layer or with the help of a tractor. Plastic mulch generally forms a part of a high-end mechanical process, in which raised beds covered with plastic are created, and seedlings transplanted into the soil through holes in made the plastic. A key trend in the market is the growing preference for biodegradable mulch film. With agriculture contributing to over 20. 4% of global man made greenhouse gas (GHG) emissions worldwide, pressure is mounting on the agricultural sector to minimize its role in climate change. Biodegradable mulch offers several benefits such as eco-friendliness and sustainability when compared to polyethylene (PE) mulch; least impact on soil biological and biogeochemical processes; reduced risk of microbial community changes and functioning via microclimate modification; elimination of labor costs and landfill disposal fees associated with removing and disposing PE mulch; lower environmental burden when compared to on-farm burning and stockpiling issues associated with PE mulches; cost effective, easy application, zero toxic residues in the soil and ensures agro ecosystem sustainability.
Key Competitors Covered in the Report
Ab Rani Plast Oy
AEP Industries, Inc.
AL-PACK Enterprises Ltd.
Armando Alvarez S.A.
Berry Plastics Corporation
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 2669. Among this pool, 482 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 82 unique participations, a total of 37 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
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