South Korea Mulch Films Market Size, Share, and COVID-19 Impact Analysis, By Type (Organic Mulching, Inorganic Mulching, Biodegradable Mulching, Others), By Material (Polyethylene (PE), Low-density polyethylene (LDPE), High-density polyethylene (HDPE), Polyvinyl chloride (PVC), Linear low-density polyethylene (LLDPE), Polylactic acid (PLA), Poly (Butylene Adipate-co-Terephthalate) (PBAT), Poly (Butylene Succinate) (PBS), Polypropylene (PP), Others), By Crop (Vegetable Crop, Orchard or Fruit Crop, Others), and South Korea Mulch Films Market Insights Forecasts to 2033

Industry: Chemicals & Materials

RELEASE DATE Dec 2023
REPORT ID SI3330
PAGES 200
REPORT FORMAT PathSoft

South Korea Mulch Films Market Insights Forecasts to 2033

  • The South Korea Mulch Films Market Size was valued at USD 294 Million in 2023.
  • The Market Size is Growing at a CAGR of 4.5% from 2023 to 2033.
  • The South Korea Mulch Films Market Size is Expected to Reach USD 457 Million by 2033.

South Korea Mulch Films Market

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The South Korea Mulch Films Market Size is Expected to Reach USD 457 Million by 2033, at a CAGR of 4.5% during the forecast period 2023 to 2033.

 

Market Overview

Mulch films are thin sheets of plastic or other materials applied to the soil's surface to suppress weeds, retain moisture, and increase crop yields. They come in a wide range of colors, thicknesses, and materials and can be used in a variety of agricultural and horticultural applications. Mulch films can be made from a variety of materials, including polyethylene and polypropylene, as well as biodegradable materials like paper and cornstarch. Mulch films work by forming a barrier between the soil surface and the surrounding environment. This barrier keeps sunlight from reaching weed seeds, preventing germination and growth. It also aids in the retention of moisture in the soil, reducing the need for irrigation. Mulch films can also help to improve soil temperature by trapping heat from the sun. This can be advantageous for crops that require warmer temperatures to grow properly.

 

Report Coverage

This research report categorizes the market for South Korea mulch films market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mulch films market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the South Korea mulch films market.

 

South Korea Mulch Films Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 294 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:4.5%
2033 Value Projection:USD 457 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Type, By Material, By Crop
Companies Covered:Ilshin Chemical Co Ltd, Samdong Industrial Co Ltd, Tae Kwang New Tec Co Ltd, SK Chemicals, Samyang Corp, and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

The South Korea mulch film market is seeing a significant increase in demand as a result of increased interest in greenhouse applications, which is closely related to rising environmental concerns. Greenhouses are increasingly being used in agriculture to cultivate various crops in controlled environments. They provide protection from inclement weather, pests, and diseases, allowing for year-round cultivation. The need for increased food production to feed the South Korea's growing population, as well as the desire to reduce the environmental impact of traditional open-field farming, are driving the increased demand for greenhouse applications. The South Korea mulch film market is expected to grow further as demand for greenhouse applications rises in response to environmental concerns and the need for efficient and sustainable agriculture. This trend is consistent with broader efforts to promote eco-friendly farming practices and reduce the agricultural industry's ecological footprint, making mulch films an essential component of modern, environmentally conscious agriculture.

 

Restraining Factors

Mulch films are widely used in agriculture to improve crop yields, conserve soil moisture, and control weed growth; however, the requirement for farmers to implement additional pest and disease management measures can make them unpopular. Mulch films may be less appealing because they can create an environment conducive to pest proliferation by trapping heat and moisture beneath the film. This, in turn, may necessitate farmers investing more time and resources in pest monitoring and management, potentially increasing their operational costs.

 

Market Segment

  • In 2023, the inorganic mulching segment accounted for the largest revenue share over the forecast period.

Based on the type, the South Korea mulch films market is segmented into organic mulching, inorganic mulching, clear mulch, plastic mulch, biodegradable mulching, and others. Among these, the inorganic mulching segment has the largest revenue share over the forecast period. This is due to the ability of plastic mulches to either reflect or absorb sunlight, causing the temperature of the soil beneath them to change depending on their color. In South Korea, black mulch is the most commonly used mulch film. It can provide significant benefits to the producer and is one of the least expensive to produce. By absorbing and transferring solar heat to the soil, black plastic mulch films have the potential to heat the bed.

 

  • In 2022, the polyethylene (PE) segment accounted for the largest revenue share over the forecast period.

Based on the material, the South Korea mulch films market is segmented into polyethylene (PE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), linear low-density polyethylene (LLDPE), polylactic acid (PLA), poly (butylene adipate-co-terephthalate) (PBAT), poly (butylene succinate) (PBS), polypropylene (PP), and others. Among these, the polyethylene (PE) segment has the largest revenue share over the forecast period. Polyethylene (PE) resins provide the best stiffness and toughness combinations in the industry at a low processing temperature.  In comparison to the market's current agricultural benchmarks, the new PE platform, which makes use of the most recent advances in polymer science, offers opportunities to simplify film compositions and designs while improving film performance, conversion efficiency, and durability.

 

  • In 2022, the vegetable crop segment accounted for the largest revenue share over the forecast period.

Based on the crop, the South Korea mulch films market is segmented into vegetable crop, orchard or fruit crop, and others. Among these, the vegetable crop segment has the largest revenue share over the forecast period. This can be attributed by the mulch films are in high demand in vegetable cultivation. Koreans enjoy Asian vegetables such as Chinese cabbage and radish, which differ from vegetables grown primarily in Europe or America. Government regulations and incentives that promote sustainable agriculture and the use of modern technologies, such as mulch films, can have an impact on the vegetable crop sector.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mulch films market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Ilshin Chemical Co Ltd
  • Samdong Industrial Co Ltd
  • Tae Kwang New Tec Co Ltd
  • SK Chemicals
  • Samyang Corp
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

In July 2021, Samyang created the world's first isosorbide-based biodegradable plastic and plastic film. This plastic film can be used to make disposable plastic bags, agricultural plastic mulch films (used to cover soil to control weeds and moisture), fishing nets, and other products.

 

Market Segment

This study forecasts country revenue from 2022 to 2033. Spherical Insights has segmented the South Korea mulch films market based on the below-mentioned segments:

 

South Korea Mulch Films Market, By Type

  • Organic Mulching
  • Inorganic Mulching
  • Biodegradable Mulching
  • Others

 

South Korea Mulch Films Market, By Material

  • Polyethylene (PE)
  • Low-density polyethylene (LDPE)
  • High-density polyethylene (HDPE)
  • Polyvinyl chloride (PVC)
  • Linear low-density polyethylene (LLDPE)
  • Polylactic acid (PLA)
  • Poly (Butylene Adipate-co-Terephthalate) (PBAT)
  • Poly (Butylene Succinate) (PBS)
  • Polypropylene (PP)
  • Others

 

South Korea Mulch Films Market, By Crop

  • Vegetable Crop
  • Orchard or Fruit Crop
  • Others

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