Biodegradable Mulch Film Usage Burgeoning in Asia-Pacific (APAC)

Globally, the Asia-Pacific (APAC) biodegradable mulch film market will emerge as the leader in the foreseeable future, on account of escalating population in APAC countries like South Korea, India, and China.
By: P&S Intelligence
 
NEW YORK - Sept. 20, 2021 - PRLog -- The earth is presently home to 7.7 billion people, whose number is expected to boom to almost 11 billion in 2100, as per the United Nations (UN)' World Population Prospects 2019 report. This has been putting the global farming community under immense pressure to increase their yield from the limited land available. To make matters worse, the farming area is reducing sharply as cities are growing to accommodate the rising number of people.

As per P&S Intelligence, this will be the biggest reason behind the quick growth of the biodegradable mulch film market value, which was $34,145.1 thousand in 2016, to $64,039.0 thousand by 2023, at a 9.4% CAGR between 2017 and 2023. This is because as conventional farming techniques are proving ineffective in increasing the agricultural production at the rate at which it should increase, the agrarian community is looking at modern ways to do so.

Globally, Asia-Pacific (APAC) is the largest biodegradable mulch film market, a situation that will, most likely, not change in the years to come. Being the most-populated region in the world, APAC generates a massive demand for agricultural produce, much of which is still unmet. Therefore, farmers are adopting mulching and other new techniques to increase their crop production. In addition, the region is home to some of the largest cities in the world, including Tokyo, Delhi, Beijing, Shanghai, Dhaka, and Karachi, which are taking up more farmlands every year.

Similarly, the demand for biodegradable mulch films is also rising in other regions, such as North America, South America, and Africa. All these regions are home to few highly populated countries, including the U.S., Brazil, and South Africa, which are generating a huge requirement for agricultural produce. The Great Plains of North America are one of the most-agriculturally productive regions in the world, which is why the practice of mulching is widespread here.

Thus, as cities expand and farmlands diminish, more farmers will take up mulching and other techniques to boost their yield.

Contact
Vijay Kumar
***@psmarketresearch.com
End
Email:***@psmarketresearch.com Email Verified
Tags:Biodegradable Mulch Film
Industry:Business
Location:New York City - New York - United States
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
P&S Market Research PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share