Marking Minute News: The Mulch Film Market is Growing
The market for biodegradable mulch film is growing rapidly according to a new report out from Market Study Report, LLC. The Global Biodegradable Mulch Film Market is expected to rise from its initial estimated value of nearly $42 billion in 2018 to an estimated value of 77 billion by 2026.
These mulch films are attractive to those in the agricultural field due to their ability to modify soil temperature and limit weeds. According to an estimate from The New Food Economy, famers in the United States lost over $5 billion in agricultural products due to natural disasters in 2017. The desire to mitigate these losses in any way possible in this unpredictable climate is helping to drive the demand for these products.
Plastic mulches have been used effectively for some time now, but concerns about the lasting impact of filling landfills with these products has heightened the popularity of biodegradable options.