The global mushroom packaging market is projected to reach a value of US$ 115.7 Million by 2032, with the market growing at a healthy CAGR of 7.2% from 2022 to 2032. Valued at US$ 55.5 Million in 2021, the target market will likely reach an estimated US$ 57.9 Million by 2022. Driven by elevated demand from the cosmetic and personal care industry, the mushroom packaging market will grow 2.1 times its current value, creating a growth opportunity of US$ 115.7 Million by the end of 2032.
Eco-friendly or sustainable packaging that can be decomposed at home or in the industry with the mandated environmental conditions is categorized as compostable packaging. These kinds of packaging materials are made from plant-based raw material that is less toxic in nature. Hence, compostable packaging materials are prepared with mushrooms as mycelium is added to the cellulosic material and placed in the mold or tray, and then dried.
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This dried part is thermal resistant, water resistant, and entirely compostable in nature. This has resulted in a heightened demand for convenient and disposable packaging which, in turn, has positively impacted the growth of the mushroom packaging market and will continue to do so during the forecast period.
“Rising adoption of biodegradable packaging materials which are convenient to use and dispose of will likely propel the global growth of the mushroom packaging market over the forecast period,” says an FMI analyst.
Key Takeaways:
- By application, the cushioning segment will account for 47.0% of the overall market share.
- Based on end-use, the cosmetics, and personal care segment will offer a growth opportunity of US$ 18.0 Mn during the assessment period.
- The mushroom packaging industry in the United Kingdom will expand at a rate of 7.0% during the forecast period.
- The U.S. mushroom packaging market is predicted to grow 1.8 times its current value.
Competitive Landscape
Ecovative Design LLC, Sealed Air Corporation, Magical Mushroom Company, Interpack, Mushroom® Packaging, Dell Technologies, Costa Group, CMP Mushroom, Shroom Labs, MANNOK, Steelcase, Poly Tech, Thermo Packer, Paradise Packaging Company, and UNO PLAST among others are some of the major players in the mushroom packaging market profiled in the full version of the report.
Leading market players are concentrating on increasing their capacities to meet the growing demand. These organizations are keen to adopt various organic and inorganic tactics like mergers, acquisitions, product development, and upgrading their facilities so as to increase their sales and revenue.
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More Insights into Mushroom Packaging Market Report
In its latest report, FMI offers an unbiased analysis of the global mushroom packaging market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application (cushioning, bracing, void fill), end use (electronics and electrical, wine shippers, cosmetics & personal care, homecare, automotive components), and region.
Mushroom Packaging Market by Category
By Application, Mushroom Packaging Market is Segmented as:
- Cushioning
- Bracing
- Void Fill
By End Use Industry, Mushroom Packaging Market is Segmented as:
- Electronics & Electricals
- Wine Shippers
- Cosmetics & Personal Care
- Homecare
- Automotive Components
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