Mushroom Packaging Market (Application - Household, and Commercial; End Use Industry - Electronic, Furniture, Glassware, Automotive, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on mushroom packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional mushroom packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mushroom packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global mushroom packaging market. According to the report, the global mushroom packaging market is projected to grow at a CAGR of 16.07% over the forecast period of 2021-2027.

Market Insight

The mushroom packaging market was valued at USD 57.44 million in 2020 and expected to reach USD 160 million in 2027, with a CAGR of 16.07% during the forecast period. Mushroom-based packaging solutions comprise packaging materials that are made from agricultural waste and mushroom roots such as fungus roots and residues from farming. The result is a fully natural composite material and after use, this can be broken down in the compost at home. The start-up collects organic and crop waste such as straw and corn husks- from local sources and after sterilizing the mushroom mycelium- the root part- is injected into it. The result is a highly resistant material that companies use for green packaging.

Mushroom packaging is convenient, portable, sustainable, and custom protective packaging presentation as well as it can be grown within a week which fulfills the demand side requirement. The increasing environmental consciousness among the people is the key factor that is driving the mushroom packaging market. The use of non-biodegradable plastics causes various harmful effects on the environment such as landfills, soil pollution, and loss of soil fertility. Owing to these reasons stringent regulations are implemented by several governments to improve the conditions of the environment. Increasing the demand for zero waste, lower expenses associated with the packaging process are fueling the demand for the mushroom packaging market. However, the lack of awareness by the masses, especially in low-income countries is restraining the growth of the market. Nevertheless, the market is likely to witness attractive prospects from the initiatives taken by governments in several emerging economies to support environmental-friendly packaging. To this end, they have framed numerous legislations promoting the use of eco-friendly materials in the packaging industry among customers. The current concerns over the outbreak of coronavirus are expected to have a negative impact on the sale of mushroom packaging in the short term. The COVID 19 outbreak has led to lockdowns in several countries across the world. Due to such lockdowns, end-user industries such as automotive and electronics are expected to incur losses in their sales. However, due to the current situation, end-user industries aren’t focusing on incorporating mushroom packaging.

Geographically, the growth in the mushroom packaging market in the North American region is owing to stringent government regulations and increasing consumer preferences. Europe is expected to generate the highest CAGR in the global mushroom packaging market during the forecast period due to the increasing production and sale of mushrooms in this region. Asia Pacific is the fastest-growing region in terms of CAGR. The factors that favor market growth are the large consumer base and the increasing per capita expenditure.

Segment Covered

The report on global mushroom packaging market covers segments such as application, and end use industry. On the basis of application, the sub-markets include household, and commercial. On the basis of end use industry, the sub-markets include electronic, furniture, glassware, automotive, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Ecovative Design, SPOR, Sealed Air, Rich Brilliant Willing (RBW), Stanhope Seta, Merck Forest, Farmland Centre, Ecobahn, and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mushroom packaging market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.