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The mushroom packaging market share is expected to increase by 111.64 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 14.06%.
This mushroom packaging market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the mushroom packaging market segmentation by distribution channel (offline and online) and geography (Europe, APAC, North America, South America, and the Middle East and Africa). The mushroom packaging market report also offers information on several market vendors, including Ecovative Design LLC, Fungi Solutions, Grown Bio BV, Magical Mushroom Co., Mushroom Material, Sealed Air Corp., Shroom Labs, Steelcase Inc., and THE ECOBAHN GROUP PTY LTD. among others.
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The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the market.
Key Mushroom Packaging Market Driver
Initiatives by governments that support environmental-friendly packaging are one of the key drivers supporting the mushroom packaging market's growth. Governments globally are banning polystyrene food containers. The action may also make way for nationwide campaigns against Styrofoam, a substance that is practically impossible to recycle. The ban on polystrene is expected to compel restaurants and grocery stores to search for new options, making way for the growth of the mushroom packaging market. According to news reports, restaurants and grocery store owners are still wary of new types of mushroom packaging due to their relatively higher costs. However, economies of scale and subsidies from the government will result in more opportunities for players in the mushroom packaging market during the forecast period.
Key Mushroom Packaging Market Trend
Demand for sustainable products is one of the key mushroom packaging market trends contributing to the market growth. Most plastics are non-biodegradable, as they are made from by-products of crude oil and natural gases. Thus, plastic packaging can get contaminated and lead to hazardous health issues if not treated properly. As a result, companies prefer eco-friendly packaging products to address these concerns. In addition, vendors are constantly investing in R&D and innovative packaging solutions that meet their long-term sustainability goals. In addition, companies are driving the circular economy and reducing waste and pollution through clever design, as one goal is to produce 100% recyclable or reusable packaging as early as 2023. Such factors will fuel the growth of the market during the forecast period.
Key Mushroom Packaging Market Challenge
Lack of awareness and acceptance of recycled materials packaging solutions is one of the factors hampering the mushroom packaging market growth. The lack of acceptance of various recycled materials in packaging solutions is attributed to various other factors as well. For instance, mushroom packaging is more biodegradable than plastics, but the production of mushroom packaging products involves more energy and water consumption and releases more greenhouse gases when compared to the production of plastic packaging. Moreover, the durability of mushroom packaging is reduced when it is recycled each time, as the fibers get shortened while recycling, which makes them structurally weak. Thus, the lack of awareness and acceptance of recycled materials packaging solutions is expected to limit the growth of the market during the forecast period.
This mushroom packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global mushroom packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mushroom packaging market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the mushroom packaging market encompasses successful business strategies deployed by the key vendors. The mushroom packaging market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The mushroom packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the mushroom packaging market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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39% of the market’s growth will originate from Europe during the forecast period. Germany is the key market for the mushroom packaging market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
The green packaging market will facilitate the mushroom packaging market's growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The regional market witnessed certain challenges due to the COVID-19 pandemic in 2020. However, the initiation of large-scale vaccination drives led to the lifting of lockdowns and manufacturing industries resumed their activities, which will create the demand for mushroom packaging during the forecast period.
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The mushroom packaging market share growth in the offline segment will be significant during the forecast period. The offline distribution segment includes supermarkets, hypermarkets, discount stores, convenience stores, and individual retailers. Hypermarkets and supermarkets offer mushroom packaging. Thus, the high popularity of this distribution channel can be attributed to rapid urbanization and changing consumer lifestyles.
This report provides an accurate prediction of the contribution of all the segments to the growth of the mushroom packaging market size and actionable market insights on the post-COVID-19 impact on each segment.
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Mushroom Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.06% |
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Market growth 2022-2026 |
111.64 mn units |
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Market structure |
Concentrated |
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YoY growth (%) |
13.36 |
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Regional analysis |
Europe, APAC, North America, South America, and the Middle East and Africa |
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Performing market contribution |
Europe at 39% |
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Key consumer countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Dell Technologies Inc., Ecovative Design LLC, Fungi Solutions, Grown Bio BV, Magical Mushroom Co., Mushroom Material, Sealed Air Corp., Shroom Labs, Steelcase Inc., and THE ECOBAHN GROUP PTY LTD. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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