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
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.