Expanding Mulch Film Market Anticipated to Achieve Compound Annual Growth Rate of 8.9% through 2034
The global mulch film market is experiencing significant growth, driven by the widespread adoption of plasticulture in key agricultural economies such as China, India, Japan, and South Korea. The market, which was valued at USD 5.9 billion in 2024, is projected to grow to USD 13.8 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period (2025-2034).
Conventional materials dominate the mulch film market, capturing a 78.9% share. However, black mulch film, known for its durability, UV-resistance, optimal soil temperature regulation, and strong root suppression, holds a 39.4% share in the global market. Despite the significant market share, the company responsible for the latest development of this particular black mulch film remains unidentified in the available search results.
Fruits and vegetables account for a 56.2% share of mulch film usage, highlighting the crucial role of these materials in the agricultural sector. The Asia Pacific region commands a 47.8% share of the global mulch film market, with the region's revenue reaching approximately USD 2.8 billion in 2024.
Government initiatives such as India's Mission for Integrated Development of Horticulture (MIDH) and China's plasticulture policies are influencing the growth of the global mulch film market. The Asia-Pacific region, in particular, held a 47.8% share of the market in 2024, underscoring the region's significant contribution to the global market.
As the global mulch film market continues to expand, it is expected to bring about numerous benefits for the agricultural sector, including improved crop yields, reduced water usage, and enhanced soil health. The search for more durable, UV-resistant, and environmentally friendly mulch film solutions is likely to remain a key focus area for market players and researchers alike.
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