Mushroom Packaging Market Size, Share & Trends Analysis Report Forecast Period 2025-2031.
Mushroom Packaging Market Size, Share & Trends Analysis Report Forecast Period 2025-2031.
Blog Article
Mushroom packaging market is anticipated to grow at a considerable CAGR of 16.6% during the forecast period. Rising government regulations related to encouraging the adoption of sustainable products and implementing rules and regulations to reduce plastic waste is a major factor contributing to the growth of the mushroom packaging market. Major countries such as India and US are implementing regulations regarding plastics and a ban on single-use plastics which is expected to be a boon for the mushroom packaging market. For instance, according to EarthOrg,
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The government of India announced in 2021 that they will be banning the manufacture, sale, distribution, and use of single-use plastics from July 1 2022 onwards. The ban will be rolled out in three phases based on the utility and environmental impact of the plastic. Moreover, multiple countries In the US, including San Francisco and Seattle, have already banned single-use plastic. As a result, companies are increasingly looking for innovative packaging alternatives, such as mushroom packaging which is able to decompose naturally within a matter of weeks, and thus reducing waste and increasing recycling.
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Moreover, increasing consumer awareness and growing adoption of sustainable and biodegradable packaging is further adding to the growth of the mushroom packaging market. There is an increasing demand for eco-friendly products across the globe due to rising environmental concerns among people. According to World Wildlife Fund, Australia produces almost 3 million tonnes of plastic per annum, of which less than 12% is recycled. Alarmingly, up to 130,000 tonnes of that plastic will wind up in the ocean as plastic pollution each year.
by Application (Commercial, Retail, and Household),
by End Use Industry (Electronic, Furniture, Wine Shipper, Glassware, and Automotive), and
by Sales Channel (Online, and Offline)
Market Players Outlook
The major companies serving the global mushroom packaging market includesEcovative LLC, Rich Brilliant Willing, Shroom Labs., Symbiotec Ltd (Magical Mushroom Company Ltd), THE ECOBAHN GROUP PTY LTD, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, LOLI Beauty launched mushroom-based, home-compostable packaging for its Arnica Elderberry Jelly Organic All Day Maskne + Spot Rescue. The product is completely plastic-free and garden-compostable.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global mushroom packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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