How Will Population Growth Propel Biodegradable Mulch Film Demand?
According to the International Agricultural Trade Report 2021 released by the United States Department of Agriculture, the U.S., India, Canada, and Australia produced 376,000 tons, 1.1 million tons, 2.9 million tons, and 790,000 tons of lentils, respectively, in 2020. Furthermore, the Foreign Agricultural Service, Production, Supply and Distribution database reveals that the annual average rice production in China, India, Brazil, and Japan stood at 148,032,000 tons, 116,016,000 tons, 7,866,000 tons, and 7,711,000 tons , respectively, between 2016 and 2021. Additionally, the USDA also estimates that 147,051,000 metric tons (MT) of barley were produced around the world in 2021. Moreover, the FAO states that 780 million tons of wheat were produced in 2021 worldwide. The surging yield of these food crops, on account of the booming global population, will, therefore, steer the biodegradable mulch film market growth in the foreseeable future. The UN forecasts that the global population...