The mulch films market is poised for substantial growth, with an estimated value of USD 7.8 billion in 2023, projected to achieve a CAGR of 6.5% and reach USD 10.6 billion by 2028. As per the Food and Agriculture Organization of the United Nations (FAO), the landscape of mulch film utilization is evolving, with a notable surge in popularity of biodegradable and bio-based options, offering a more sustainable choice for farmers.
Major industry players, situated in North America, Europe, and Asia Pacific, such as BASF SE, Berry Global Inc., Dow, Kuraray, Exxon Mobil Corporation, RKW Group, Novamont S.p.A, Plastika Kritis S.A., Armando Alvarez Group, and Achilles Corporation, are steering the market's trajectory. These key players are adopting diverse growth strategies, including strengthened partnerships and novel product developments, to expand their presence in the mulch films market.
Berry Global Inc.: Pioneering Innovation in Agricultural Films
Berry Global Inc., a global leader in innovative packaging and engineered products, stands out in the mulch films market. Operating across various business segments, the company's commitment to sustainability, innovation, and circular economy principles is evident. Berry offers a range of mulch films, including Total Blockade TIF Mulch and Black-White Panda & Premium Film, addressing the need for crop protection from adverse weather conditions.
In a strategic move, Berry Global Inc. partnered with WPO POLYMERS, enhancing its biopolymers business and extending reach into the Spanish and Portuguese markets. This collaboration includes the distribution of BASF's Ecovio film product range, featuring certified compostable shopping bags and organic waste bags, contributing to the advancement of sustainable solutions.
BASF SE: Advancing Agricultural Solutions with Biodegradability
BASF SE, specializing in chemical manufacturing, has positioned itself at the forefront of sustainable agriculture. With a diverse portfolio spanning agriculture solutions, the company's ecovio M2351 stands out as a certified soil-biodegradable biopolymer designed specifically for mulch films. This innovative solution not only aids in increasing yield and speeding up harvesting but also eliminates the need for post-harvest removal and recycling, reducing plastic pollution in agricultural soil.
In a collaborative effort with Cleanfarms and Poly-Ag Recycling, Berry Global Inc. spearheads a closed-loop recycling initiative, contributing to Canada's circular economy. This initiative focuses on reclaiming used agricultural films, processing reclaimed grain bag materials, and utilizing recycled content to create new products, aligning with the company's commitment to sustainability.
Dow: Pioneering Durable and Environmentally Friendly Solutions
Dow, a global leader in chemical production, has been pivotal in developing resilient agricultural film solutions. Through continuous collaboration with academic and agricultural institutions, Dow has introduced new polyethylene resins that enhance durability and versatility in various agricultural applications, including mulch films. INNATE ST50 Precision Packaging Resin, a clear and transparent mulch film, showcases Dow's commitment to providing exceptional abuse resistance, leading to increased crop productivity and environmentally friendly farming practices.
As the mulch films market evolves, these industry leaders remain at the forefront, driving innovation and sustainability in agriculture.
