Report : South & Central America Greenhouse and Mulch Film Market Forecast to 2030 - Regional Analysis - by Product Type (Greenhouse Film and Mulch Film), Material (LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and Others), and Application (Vegetable Farming, Horticulture, Floriculture, and Others)
At 4.9% CAGR, South & Central America Greenhouse and Mulch Film Market is Projected to be Worth US$ 340.90 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the South & Central America greenhouse and mulch film market was valued at US$ 231.90 million in 2022 and is expected to reach US$ 340.90 million by 2030, registering a CAGR of 4.9% from 2022 to 2030. Rising demand for biodegradable mulch films and increasing use of greenhouse and mulch film for crop protection and yield improvement are among the critical factors attributed to drive the South & Central America greenhouse and mulch film market growth.
The growing demand for biodegradable mulch films stems from an increased awareness of environmental sustainability in agriculture. While effective in weed control and moisture retention, traditional plastic mulch films pose challenges in terms of disposal and environmental impact. Biodegradable mulch films present an eco-friendly alternative, addressing concerns related to plastic pollution and offering benefits in various aspects of agriculture. Farmers and policymakers are recognizing the environmental consequences of plastic mulch film residues that accumulate in soils over time. Non-biodegradable plastic can persist for years, negatively affecting soil health and microbial activity and potentially impacting crop growth. In response to these concerns, the demand for biodegradable mulch films has surged as a sustainable solution to minimize agriculture's environmental footprint.
Biodegradable mulch films are typically made from materials that break down naturally into harmless byproducts. Polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based polymers are examples of biodegradable materials used in these films. The decomposition of these films eliminates the need for labor-intensive removal and disposal, contributing to the overall sustainability of agricultural practices. Consumer preferences and market trends are also influencing the demand for biodegradable mulch films. As awareness of environmental issues grows, consumers are increasingly seeking products that align with sustainable and eco-friendly values. This shift in consumer behavior has a ripple effect, promoting agricultural producers to adopt practices that reduce their environmental impact. Biodegradable mulch films offer a tangible way for farmers to respond to changing consumer expectations and contribute to more sustainable and environmentally responsible food production systems. As agriculture continues to evolve toward more sustainable practices, the adoption of biodegradable mulch films represents a significant step in mitigating the environmental impact of plastic use in farming.
On the contrary, the growing concerns related to microplastic pollution hampers the growth of South & Central America greenhouse and mulch film market.
Based on product type, the South & Central America greenhouse and mulch film market is bifurcated greenhouse film and mulch film. The mulch film segment held 70.6% market share in 2022, amassing US$ 163.70 million. It is projected to garner US$ 235.86 million by 2030 to register 4.7% CAGR during 2022-2030.
In terms of material, the South & Central America greenhouse and mulch film market is categorized into LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and others. The LLDPE segment held 29.0% share of South & Central America greenhouse and mulch film market in 2022, amassing US$ 67.15 million. It is anticipated to garner US$ 100.67 million by 2030 to expand at 5.2% CAGR during 2022-2030.
By application, the South & Central America greenhouse and mulch film market is segmented into vegetable farming, horticulture, floriculture, and others. The vegetable farming segment held 36.3% share of South & Central America greenhouse and mulch film market in 2022, amassing US$ 84.14 million. It is projected to garner US$ 122.79 million by 2030 to expand at 4.8% CAGR from 2022 to 2030.
By country, the South & Central America greenhouse and mulch film market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 49.6% share of South & Central America greenhouse and mulch film market in 2022. It was assessed at US$ 115.09 million in 2022 and is likely to hit US$ 177.48 million by 2030, registering a CAGR of 5.6% during 2022-2030.
Key players operating in the South & Central America greenhouse and mulch film market are BASF SE, Berry Global Group Inc, Dow Inc, and Ginegar Plastic Products Ltd, among others.
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