At 7.5% CAGR, Asia Pacific Greenhouse and Mulch Film Market is Projected to be Worth US$ 6,492.86 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific greenhouse and mulch film market was valued at US$ 3,639.51 million in 2022 and is expected to reach US$ 6,492.86 million by 2030, registering a CAGR of 7.5% from 2022 to 2030. Ongoing developments in crop protection practices and growing demand for fruits & vegetables are among the critical factors attributed to drive the Asia Pacific greenhouse and mulch film market growth.

The ongoing development in crop protection practices represents a significant avenue for growth in the Asia Pacific greenhouse and mulch film market. These advancements are central to the evolution of efficient agriculture and are projected to provide several key opportunities for the Asia Pacific greenhouse and mulch film market. One of the primary opportunities lies in the adoption of Integrated Pest Management (IPM) strategies. IPM is a holistic approach to crop protection that emphasizes the use of preventive measures and multiple control methods to manage pests and diseases. IPM can decrease pesticide exposure of workers and the environment and decrease pest control costs while maintaining high-quality, pest-free plants. Greenhouses, known for their controlled environments, are becoming increasingly integral to these modern crop protection strategies. The enclosed nature of greenhouses enables precise control over temperature, humidity, and pest exposure, reducing reliance on chemical pesticides.

On the other hand, mulch films play a crucial role in enhancing crop protection by mitigating weed growth, conserving soil moisture, and regulating soil temperature. These films contribute to improved yields and align with the broader trend of sustainable agriculture. The synergy between innovative crop protection practices and the Asia Pacific greenhouse and mulch film market lies in their collective contribution to sustainable agriculture. Integrated Pest Management, organic farming, and precise agriculture are gaining traction, fostering a conducive environment for the adoption of greenhouse technologies and alternative mulch materials. This shift represents a lucrative opportunity for manufacturers and stakeholders in the Asia Pacific greenhouse and mulch film market to align their offerings with the evolving needs of the agriculture sector.

On the contrary, the growing concerns related to microplastic pollution hampers the growth of Asia Pacific greenhouse and mulch film market.

Based on product type, the Asia Pacific greenhouse and mulch film market is bifurcated greenhouse film and mulch film. The mulch film segment held 69.3% market share in 2022, amassing US$ 2,522.01 million. It is projected to garner US$ 4,408.00 million by 2030 to register 7.2% CAGR during 2022-2030.

In terms of material, the Asia Pacific greenhouse and mulch film market is categorized into LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and others. The LLDPE segment held 28.9% share of Asia Pacific greenhouse and mulch film market in 2022, amassing US$ 1,050.89 million. It is anticipated to garner US$ 1,916.42 million by 2030 to expand at 7.8% CAGR during 2022-2030.

By application, the Asia Pacific greenhouse and mulch film market is segmented into vegetable farming, horticulture, floriculture, and others. The vegetable farming segment held 39.4% share of Asia Pacific greenhouse and mulch film market in 2022, amassing US$ 1,433.08 million. It is projected to garner US$ 2,535.60 million by 2030 to expand at 7.4% CAGR from 2022 to 2030.

By country, the Asia Pacific greenhouse and mulch film market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 64.7% share of Asia Pacific greenhouse and mulch film market in 2022. It was assessed at US$ 2,354.08 million in 2022 and is likely to hit US$ 4,203.66 million by 2030, registering a CAGR of 7.5% during 2022-2030.

Some of the key players operating in the Asia Pacific greenhouse and mulch film market are AA Politiv (1999) Ltd, BASF SE, Berry Global Group Inc, Dow Inc, Ginegar Plastic Products Ltd, and RKW SE, among others.

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