LONDON--(BUSINESS WIRE)--Technavio projects the global biodegradable mulch films market to post a CAGR of close to 8% during the forecast period. The increased demand for fruits and vegetables is a key driver, which is expected to positively impact market growth during the period 2018-2022. The fruits and vegetables segment dominated the mulch films market during 2017 and is expected to exhibit the fastest growth over the forecast period. The use of mulch films helps to eliminate weeds, prevent soil erosion, increase soil temperature, and prevent rotting of the fruits and vegetables by avoiding direct contact with the soil.
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In this report, Technavio highlights the easy recyclability of biodegradable mulch films as one of the key emerging trends in the global biodegradable mulch films market:
Easy recyclability of biodegradable mulch films
Biodegradable mulch films are preferred over plastic mulch films as they are easy to dispose and are biodegradable. These films are environment friendly and are harmless to the soil even after prolonged use.
According to a senior analyst at Technavio for specialty chemicals research, “The use of biodegradable mulch films reduces the cost of recycling and solves environmental issues. These films are highly sustainable, and they help to eliminate toxic residues from the soil thereby helping improve cultivation practices. The easy recyclability and compostability will propel demand for these films over the forecast period.”
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Market segmentation and analysis through 2022
This market research report segments the global biodegradable mulch films market by product (TPS, PLA, PHA, AAC, and others), by application (fruits and vegetables, oilseeds and grains, flowers and plants) and key regions (the Americas, APAC, and EMEA).
The TPS segment accounted for more than 62% of the market in 2017, followed by the PLA and PHA segment. The TPS segment is the only segment which is expected to witness an increase in its market share over the forecast period.
In 2017, the global biodegradable mulch films market was led by APAC which accounted for over 65% share followed by EMEA and the Americas respectively. APAC is expected to witness an increase of around 1% in its market share over the forecast period, while the Americas and EMEA will see a decline in their market shares by 2022.
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