According to Future Market Insights research, during the projected period, the global mushroom packaging market is set to enjoy a valuation of US$ 57.9 Million in 2022, and further expand at a CAGR of 7.2% to reach US$ 115.7 Million by the year 2032.
Packaging has become a huge part of product life. Every item we purchase is coming wrapped often in plastic, foil, or films. But now a natural, biodegradable packaging is available that is mushroom packaging. It is a new innovative packaging presentation which was launched by Ecovative design in 2010, a USA based company that is engaged in R&D of environment friendly material.
Mushroom packaging is made up using fungi cultured on a medium of husk, hulls and woody biomass of different agriculture waste including rice, soy and cotton. These waste material are substrate to which the fungal mycelium, essentially that root system is the fungus is added.
This kind of packaging material from mycelia and waste is light in weight, strong and durable and has been a natural biodegradable. Furthermore, this innovative form packaging can be easily discarded into a compost bin. Demand for ecofriendly packaging has boosted overall sales of mushroom packaging market.
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Global Mushroom Packaging Market: Dynamics
This technology is new packaging presentation which is easy to form and easy to use. Mushroom packaging is high performance alternative packaging presentation available in market. The increasing demand of eco-friendly packaging and green solution among consumers has led the manufacturers to focus on innovative product which led the mushroom packaging enter in market.
Mushroom packaging can be grown within a week which also fulfill the demand side requirement. Mushroom packaging is convenient, portable, sustainable and custom protective packaging presentation which has boost the overall market. These material can be used in various industries such as packaging, construction, automotive and consumer goods.
The renewable packaging product can be serve as alternative to plastic and polypropylenes. The product can be used as replacement for foam packaging materials made of expanded polystyrene (EPS), polypropylene (EPE), and paper pulp.
Global Mushroom Packaging Market: Segmentation
The global market of mushroom packaging can be segmented on the basis of application and region. On the basis of application market can be further segmented into industrial equipment, electronics, furniture, cosmetic and glassware, automotive components and wine shippers.
The packaging material made from mushroom root and agriculture waste is lowering its energy footprint further with sterilizing technology. The company using these mushroom packaging as their product protective packaging are Dell, Rich Brilliant Willing (RBW), Stanhope Seta, Merck Forest and Farmland Center, SPOR, Steelcase and others for their respective product packaging.
On basis of region the global mushroom packaging market is segmented into North America, Latin America, Asia pacific, Europe, and Middle East & Africa.
Global Mushroom Packaging Market: Regional Overview
North America is the largest market for mushroom packaging market owing to demand of innovative product and ecofriendly packaging. Ecovative has expanded capacity in USA and designing future long term plan in regionally. This packaging product material required sterile environment. The demand of mushroom packaging is expected to account for a significant share the global packaging market in near future.
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Global Mushroom Packaging Market: Key Players
Some of the key player in the global mushroom packaging are sealed air, Ecovative design. The market is consolidated with very few players and is expected to gain traction in the near future.
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