Mushroom Packaging Market 2022 Driving Factors Forecast Research 2028

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 Earth.Org, 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. 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.

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The global mushroom packaging market is segmented based on the application, end-use industry, and sales channel. Based on the product application, the market is segmented into commercial, retail, and household. Based on the end-use industry the market is categorized into electronic, furniture, wine shipper, glassware, and automotive. Further, based on the sales channel, the market is segmented into online, and offline. Among the application segment, the retail sub-segment is expected to cater prominent market share over the forecast period owing to growing innovations in packaging solutions coupled up with increasing demand for eco-friendly packaging.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Mushroom Packaging Market Report Segment
By Application
• Commercial
• Retail
• Household

By End Use Industry
• Electronic
• Furniture
• Wine Shipper
• Glassware
• Automotive

By Sales Channel
• Online
• Offline

Mushroom Packaging Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• 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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