DUBAI, United Arab Emirates, Nov. 02, 2022 (GLOBE NEWSWIRE) — The world mushroom packaging market is expected 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 reach probably around 57.9 US dollars. Mn by 2022. Driven by high demand from the cosmetics and personal care industry, the mushroom packaging market will grow 2.1x its current value, creating a growth opportunity of US$115.7M by the end of 2032.
Mushroom packaging solutions are biodegradable in nature and the process is a mixture of agricultural raw materials and the natural binding strength of mycelium. This packaging material is a sustainable and efficient packaging method. Mushroom packaging guarantees the safety and security of the product which is transported all over the world. This packaging material is not only biodegradable in nature, but also compostable in soil within 45 days without any soil pollution or loss of organisms.
Ecological or sustainable packaging that can be decomposed at home or in industry with the mandatory environmental conditions is classified in the category of compostable packaging. These types of packaging materials are made from plant raw materials that are less toxic in nature. Therefore, compostable packaging materials are prepared with mushrooms when 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 heat resistant, water resistant and fully compostable in nature. This has led to an increased 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 easy-to-use and easy-to-dispose of biodegradable packaging materials is likely to propel the global mushroom packaging market growth over the forecast period,” says an IMF analyst.
Key points to remember:
- By application, the upholstery segment will account for 47.0% of the overall market share.
- On an end-use basis, the cosmetics and personal care segment will provide a growth opportunity of US$18.0 million over the assessment period.
- The mushroom packing industry in the UK will grow at a rate of 7.0% over the forecast period.
- The US mushroom packaging market is expected to grow 1.8 times its current value.
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 mushroom packaging market players profiled in the full version of the report.
The major players in the market are focusing on increasing their capacities to meet the growing demand. These organizations wish to adopt various organic and inorganic tactics such as mergers, acquisitions, product development and modernization of their facilities in order to increase their sales and revenue.
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More information about the 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 from 2022 to 2032. To understand the potential, growth and scope of the global market , the market is segmented on the basis of application (damping, bracing, void filling), end use (electronics and electrical, wine shippers, cosmetics and personal care, home care, automotive components) and region.
According to the latest IMF reports, based on segmentation, the upholstery application segment will exhibit tremendous growth, accounting for 47.0% market share. Due to several benefits of mycelium, the upholstery application segment is receiving high demand, especially from the electronic gadget industry. In terms of end-use, the cosmetics and personal care segment will provide many lucrative opportunities to the target market; resulting in an additional 18.0 Mn opportunity over the forecast period.
Based on the region, the mushroom packaging industry in UK will show substantial growth during the period 2022-2032. The evolution of the biodegradable packaging industry, growing consumer preference for sustainable packaging solutions, and growing demand for solutions to plastic pollution are fueling the growth of the mushroom packaging market in the UK. In addition, the United States will also show notable growth. in the mushroom packaging market over the projected period.
Mushroom Packaging Market by Category
By Application, the Mushroom Packaging Market is segmented as follows:
- empty filling
By end-use industry, the mushroom packaging market is segmented as follows:
- Electronics and Electricity
- wine shippers
- Cosmetics and personal care
- Home Care
- Automotive components
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
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Check out IMF’s extensive coverage at Packaging Domain:
FMCG Packaging Market Size: The global FMCG packaging market is expected to reach US$418.8 billion in 2022, with sales growing at a CAGR of 5.7% through 2032.
Beverage Packaging Market Share: The global beverage packaging market is expected to reach US$156.7 billion in 2032 while growing at a CAGR of 4.1%. The market is expected to hold a value of US$104.8 billion in 2022.
Biodegradable Packaging Market Trends: The biodegradable packaging market is expected to enjoy a valuation of US$448.2 billion in 2022 and grow further at a CAGR of 6.1% during the period 2022-2032.
Protective Packaging Market Value: The Protective Packaging market demand remains positive, the market is expected to grow at a CAGR of 4.8% from 2021 to 2031.
Dairy Packaging Market Growth: The global dairy packaging market is expected to grow at a CAGR of 4.5% between 2022 and 2030, to reach $43.6 billion by 2030.
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