The Mycelium Packaging Market size is projected to be valued at USD 74 million in 2023 and is expected to rise to USD 187 million by 2033. The sales of mycelium packaging are expected to record a significant CAGR of 9.7% during the forecast period.
Mycelium is the vegetative portion of a fungus that generates a network of thin white filaments known as hyphae. It can be utilized to grow sustainable packaging materials.
Mycelium was employed as a packaging material since it is a natural and renewable resource. It is also extremely adaptable, allowing it to grow in a wide range of forms and sizes. As a result, it is an excellent material for developing custom packaging solutions. It can be adapted to the exact requirements of a given product.
Key Market Trends:
Overall, the mycelium packaging industry is expected to expand. As more organizations recognize the benefits of this sustainable and environmentally friendly packaging solution. There are huge prospects for organizations operating in this market as demand, innovation, and awareness grow.
Attribute | Details |
---|---|
Mycelium Packaging Market Estimated Size (2023) | USD 74 million |
Mycelium Packaging Market CAGR (2023 to 2033) | 9.7% |
Mycelium Packaging Market Forecasted Size (2033) | USD 187 million |
The future outlook of the mycelium packaging market looks promising as more and more companies are realizing the importance of sustainable packaging solutions.
Consumers are becoming more environmentally conscious. Moreover, they are opting for and promoting eco-friendly products which is cushioning the market growth.
One of the key factors driving the growth of the market is the increasing adoption of circular economy principles by businesses. With the circular economy model, materials are reused and recycled, reducing waste and conserving natural resources.
Mycelium-based packaging is a perfect fit for this model, as it is biodegradable, compostable, and can be recycled into new products.
Another trend that is expected to shape the future of the market is the development of innovative technologies.
Researchers and companies are continuously exploring new methods to enhance the properties of mycelium-based packaging. Such as making it more durable, moisture-resistant, and fire-retardant. Additionally, there is potential for new applications of mycelium in the packaging industry beyond just packaging, such as in insulation and construction materials.
The growth of the market also depends on the availability and cost of mycelium-based materials. As more companies enter the market, there may be increased competition for raw materials, which could drive up prices.
However, advancements in production methods and increased scalability could help reduce costs and make mycelium-based packaging more accessible.
The market is estimated to expand at 9.7% CAGR between 2023 and 2033, in comparison to 4.4% CAGR registered during 2018 to 2022.
The rising demand for mycelium packaging solutions has led to the emergence of new businesses and startups in the packaging industry. This is focused on developing innovative and sustainable solutions.
This has created new opportunities for entrepreneurs and investors to invest in this sector and contribute to the growth of the industry. Furthermore, the adoption of mycelium packaging by sizable corporations and retail chains is also driving the growth of the industry.
These companies are increasingly recognizing the importance of sustainability and are incorporating mycelium packaging into their packaging solutions.
Governments and regulating authorities are spreading a notion of sustainability in their respective region. They are highly favoring sustainability, especially in the consumer goods section through policies and campaigns.
FMI anticipates the segment to acquire more than 77.2% of the market share in 2022. The usage of mycelium packing in a solid, block-like structure is referred to as block formats.
This approach has become increasingly popular in the mycelium packaging market due to its versatility and user-friendliness.
One key advantage of block formats is their ability to be easily molded into a variety of shapes and sizes. As a result, they are perfect for a wide range of packaging applications, from preserving fragile objects during transportation to creating eye-catching retail packaging.
Mycelium blocks also have great insulating characteristics, making them perfect for shipping sensitive products such as electronics or perishable commodities. They can also be laced with natural antibacterial agents to help keep foods fresh and enhance their shelf-life.
Consumer Goods to Acquire 45.3% Market Share of Mycelium Packaging Market
Mycelium provides a viable alternative to traditional materials such as plastic. Mycelium packaging is biodegradable and compostable. This means that microorganisms can readily break it down into natural components such as water, carbon dioxide, and organic matter.
Furthermore, mycelium packaging can be customized to meet the needs of various consumer goods, such as food, cosmetics, and electronics. Its shape and size variability make it an appealing solution for businesses trying to lower their carbon footprint.
Mycelium packaging is also visually appealing, with its natural and organic appearance making it stick out on store shelves. This can assist brands in distinguishing themselves from their competitors.
There has been a substantial surge in companies in Europe developing mycelium-based packaging solutions in recent years. These companies are collaborating with diverse industries, including food and beverage, cosmetics, and healthcare.
To create customized mycelium packaging products that match their requirements. In addition, several European research institutes and universities are conducting considerable research on mycelium-based materials and their applications in a variety of industries, including packaging.
This has resulted in the development of novel mycelium packaging options. Such as mycelium foam and mycelium leather, which have piqued the interest of both businesses and consumers.
United States to Surpass the Market Share of 15.1% in 2022
In recent years, there has been an increase in interest in mycelium packaging because of a growing desire for sustainable and eco-friendly packaging options.
Ecovative Design, a significant player in the United States, has been at the forefront of mycelium-based packaging development. Mushroom packaging is another prominent competitor in the country, producing biodegradable packaging materials manufactured from agricultural waste and mycelium.
Other companies, including IKEA and Patagonia, have expressed interest in mycelium packaging as a more environmentally friendly alternative.
Region to witness a CAGR of 8.9% during the analysis period. Several Indian startups and businesses have entered the market and are developing novel solutions.
For example, BIO-LUTIONS, a Bangalore-based firm, has created mycelium-based packaging products that may be used for food packaging as well as cushioning and insulation in electronic items. Furthermore, collaborations between Indian and international companies are underway to bring advanced mycelium packaging technologies to India.
Ecovative, a leading mycelium packaging firm based in the United States, for example, has collaborated with Indian companies to bring their goods to the Indian market.
Some key players in this market include Ecovative Design, Evocative, MycoWorks, and Biohm. These companies are constantly investing in research and development to improve the quality of their products and to increase their production capacity.
Ecovative Design is one of the leading players in the market. The company has a strong presence in North America and Europe and is expanding its operations in other regions as well. It has developed a unique technology that uses mycelium to create a wide range of products, including packaging, insulation, and furniture.
MycoWorks is another leading player in the market. The company has developed a proprietary technology that allows it to produce mycelium-based materials that are stronger and more durable than traditional materials. It has collaborated with several leading brands in the fashion and automotive industries to create innovative products.
Biohm is a company that specializes in sustainable construction materials. It has recently entered the market and is exploring ways to use mycelium to create eco-friendly packaging solutions.
The company has a strong focus on sustainability and is committed to creating products that have a minimal impact on the environment.
Other players in the market include Mushroom Packaging, New Ecological Business Solutions, and Mogu. These companies are also investing in R&D to develop new products and expand their market share.
Attribute | Details |
---|---|
Growth Rate | CAGR of 9.7% from 2023 to 2033 |
Base Year of Estimation | 2023 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and Volume in Units and F-CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
Key Segments Covered | By Packaging Format, By Function Type, By Product Type, By End User Industry, By Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
Key Companies Profiled | Seamore; Evoware; Bloom; CuanTec; Mycelium Energy Solutions; AlgaePac; Algopack; Sea6 Energy; Oceanium; Cascadia Mycelium |
Customization & Pricing | Available upon Request |
Table 1: Global Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Volume (Tonnes) Forecast by Region, 2018 to 2033
Table 3: Global Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 4: Global Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 5: Global Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 6: Global Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 7: Global Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 8: Global Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 9: Global Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 10: Global Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 11: North America Value (US$ Million) Forecast by Country, 2018 to 2033
Table 12: North America Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 13: North America Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 14: North America Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 15: North America Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 16: North America Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 17: North America Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 18: North America Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 19: North America Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 20: North America Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 21: Latin America Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: Latin America Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 23: Latin America Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 24: Latin America Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 25: Latin America Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 26: Latin America Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 27: Latin America Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 28: Latin America Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 29: Latin America Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 30: Latin America Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 31: Europe Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: Europe Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 33: Europe Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 34: Europe Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 35: Europe Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 36: Europe Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 37: Europe Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 38: Europe Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 39: Europe Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 40: Europe Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 41: East Asia Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: East Asia Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 43: East Asia Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 44: East Asia Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 45: East Asia Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 46: East Asia Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 47: East Asia Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 48: East Asia Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 49: East Asia Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 50: East Asia Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 51: South Asia Value (US$ Million) Forecast by Country, 2018 to 2033
Table 52: South Asia Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 53: South Asia Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 54: South Asia Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 55: South Asia Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 56: South Asia Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 57: South Asia Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 58: South Asia Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 59: South Asia Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 60: South Asia Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 61: Oceania Value (US$ Million) Forecast by Country, 2018 to 2033
Table 62: Oceania Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 63: Oceania Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 64: Oceania Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 65: Oceania Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 66: Oceania Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 67: Oceania Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 68: Oceania Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 69: Oceania Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 70: Oceania Volume (Tonnes) Forecast by End Use, 2018 to 2033
Table 71: MEA Value (US$ Million) Forecast by Country, 2018 to 2033
Table 72: MEA Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 73: MEA Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 74: MEA Volume (Tonnes) Forecast by Product Type, 2018 to 2033
Table 75: MEA Value (US$ Million) Forecast by Function Type, 2018 to 2033
Table 76: MEA Volume (Tonnes) Forecast by Function Type, 2018 to 2033
Table 77: MEA Value (US$ Million) Forecast by Packaging Formats, 2018 to 2033
Table 78: MEA Volume (Tonnes) Forecast by Packaging Formats, 2018 to 2033
Table 79: MEA Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 80: MEA Volume (Tonnes) Forecast by End Use, 2018 to 2033
Figure 1: Global Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Value (US$ Million) by Function Type, 2023 to 2033
Figure 3: Global Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 4: Global Value (US$ Million) by End Use, 2023 to 2033
Figure 5: Global Value (US$ Million) by Region, 2023 to 2033
Figure 6: Global Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 7: Global Volume (Tonnes) Analysis by Region, 2018 to 2033
Figure 8: Global Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 9: Global Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 10: Global Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 11: Global Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 12: Global Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 13: Global Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 14: Global Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 15: Global Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 16: Global Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 17: Global Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 18: Global Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 19: Global Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 20: Global Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 21: Global Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 22: Global Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 23: Global Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 24: Global Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 25: Global Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 26: Global Attractiveness by Product Type, 2023 to 2033
Figure 27: Global Attractiveness by Function Type, 2023 to 2033
Figure 28: Global Attractiveness by Packaging Formats, 2023 to 2033
Figure 29: Global Attractiveness by End Use, 2023 to 2033
Figure 30: Global Attractiveness by Region, 2023 to 2033
Figure 31: North America Value (US$ Million) by Product Type, 2023 to 2033
Figure 32: North America Value (US$ Million) by Function Type, 2023 to 2033
Figure 33: North America Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 34: North America Value (US$ Million) by End Use, 2023 to 2033
Figure 35: North America Value (US$ Million) by Country, 2023 to 2033
Figure 36: North America Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 37: North America Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 38: North America Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 39: North America Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 40: North America Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 41: North America Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 42: North America Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 43: North America Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 44: North America Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 45: North America Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 46: North America Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 47: North America Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 48: North America Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 49: North America Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 50: North America Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 51: North America Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 52: North America Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 53: North America Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 54: North America Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 55: North America Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 56: North America Attractiveness by Product Type, 2023 to 2033
Figure 57: North America Attractiveness by Function Type, 2023 to 2033
Figure 58: North America Attractiveness by Packaging Formats, 2023 to 2033
Figure 59: North America Attractiveness by End Use, 2023 to 2033
Figure 60: North America Attractiveness by Country, 2023 to 2033
Figure 61: Latin America Value (US$ Million) by Product Type, 2023 to 2033
Figure 62: Latin America Value (US$ Million) by Function Type, 2023 to 2033
Figure 63: Latin America Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 64: Latin America Value (US$ Million) by End Use, 2023 to 2033
Figure 65: Latin America Value (US$ Million) by Country, 2023 to 2033
Figure 66: Latin America Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 67: Latin America Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 68: Latin America Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 69: Latin America Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 70: Latin America Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 71: Latin America Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 72: Latin America Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 73: Latin America Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 74: Latin America Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 75: Latin America Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 76: Latin America Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 77: Latin America Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 78: Latin America Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 79: Latin America Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 80: Latin America Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 81: Latin America Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 82: Latin America Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 83: Latin America Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 84: Latin America Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 85: Latin America Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 86: Latin America Attractiveness by Product Type, 2023 to 2033
Figure 87: Latin America Attractiveness by Function Type, 2023 to 2033
Figure 88: Latin America Attractiveness by Packaging Formats, 2023 to 2033
Figure 89: Latin America Attractiveness by End Use, 2023 to 2033
Figure 90: Latin America Attractiveness by Country, 2023 to 2033
Figure 91: Europe Value (US$ Million) by Product Type, 2023 to 2033
Figure 92: Europe Value (US$ Million) by Function Type, 2023 to 2033
Figure 93: Europe Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 94: Europe Value (US$ Million) by End Use, 2023 to 2033
Figure 95: Europe Value (US$ Million) by Country, 2023 to 2033
Figure 96: Europe Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 97: Europe Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 98: Europe Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 99: Europe Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 100: Europe Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 101: Europe Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 102: Europe Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 103: Europe Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 104: Europe Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 105: Europe Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 106: Europe Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 107: Europe Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 108: Europe Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 109: Europe Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 110: Europe Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 111: Europe Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 112: Europe Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 113: Europe Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 114: Europe Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 115: Europe Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 116: Europe Attractiveness by Product Type, 2023 to 2033
Figure 117: Europe Attractiveness by Function Type, 2023 to 2033
Figure 118: Europe Attractiveness by Packaging Formats, 2023 to 2033
Figure 119: Europe Attractiveness by End Use, 2023 to 2033
Figure 120: Europe Attractiveness by Country, 2023 to 2033
Figure 121: East Asia Value (US$ Million) by Product Type, 2023 to 2033
Figure 122: East Asia Value (US$ Million) by Function Type, 2023 to 2033
Figure 123: East Asia Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 124: East Asia Value (US$ Million) by End Use, 2023 to 2033
Figure 125: East Asia Value (US$ Million) by Country, 2023 to 2033
Figure 126: East Asia Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 127: East Asia Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 128: East Asia Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 129: East Asia Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 130: East Asia Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 131: East Asia Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 132: East Asia Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 133: East Asia Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 134: East Asia Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 135: East Asia Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 136: East Asia Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 137: East Asia Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 138: East Asia Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 139: East Asia Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 140: East Asia Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 141: East Asia Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 142: East Asia Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 143: East Asia Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 144: East Asia Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 145: East Asia Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 146: East Asia Attractiveness by Product Type, 2023 to 2033
Figure 147: East Asia Attractiveness by Function Type, 2023 to 2033
Figure 148: East Asia Attractiveness by Packaging Formats, 2023 to 2033
Figure 149: East Asia Attractiveness by End Use, 2023 to 2033
Figure 150: East Asia Attractiveness by Country, 2023 to 2033
Figure 151: South Asia Value (US$ Million) by Product Type, 2023 to 2033
Figure 152: South Asia Value (US$ Million) by Function Type, 2023 to 2033
Figure 153: South Asia Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 154: South Asia Value (US$ Million) by End Use, 2023 to 2033
Figure 155: South Asia Value (US$ Million) by Country, 2023 to 2033
Figure 156: South Asia Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 157: South Asia Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 158: South Asia Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 159: South Asia Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 160: South Asia Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 161: South Asia Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 162: South Asia Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 163: South Asia Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 164: South Asia Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 165: South Asia Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 166: South Asia Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 167: South Asia Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 168: South Asia Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 169: South Asia Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 170: South Asia Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 171: South Asia Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 172: South Asia Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 173: South Asia Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 174: South Asia Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 175: South Asia Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 176: South Asia Attractiveness by Product Type, 2023 to 2033
Figure 177: South Asia Attractiveness by Function Type, 2023 to 2033
Figure 178: South Asia Attractiveness by Packaging Formats, 2023 to 2033
Figure 179: South Asia Attractiveness by End Use, 2023 to 2033
Figure 180: South Asia Attractiveness by Country, 2023 to 2033
Figure 181: Oceania Value (US$ Million) by Product Type, 2023 to 2033
Figure 182: Oceania Value (US$ Million) by Function Type, 2023 to 2033
Figure 183: Oceania Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 184: Oceania Value (US$ Million) by End Use, 2023 to 2033
Figure 185: Oceania Value (US$ Million) by Country, 2023 to 2033
Figure 186: Oceania Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 187: Oceania Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 188: Oceania Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 189: Oceania Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 190: Oceania Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 191: Oceania Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 192: Oceania Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 193: Oceania Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 194: Oceania Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 195: Oceania Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 196: Oceania Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 197: Oceania Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 198: Oceania Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 199: Oceania Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 200: Oceania Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 201: Oceania Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 202: Oceania Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 203: Oceania Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 204: Oceania Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 205: Oceania Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 206: Oceania Attractiveness by Product Type, 2023 to 2033
Figure 207: Oceania Attractiveness by Function Type, 2023 to 2033
Figure 208: Oceania Attractiveness by Packaging Formats, 2023 to 2033
Figure 209: Oceania Attractiveness by End Use, 2023 to 2033
Figure 210: Oceania Attractiveness by Country, 2023 to 2033
Figure 211: MEA Value (US$ Million) by Product Type, 2023 to 2033
Figure 212: MEA Value (US$ Million) by Function Type, 2023 to 2033
Figure 213: MEA Value (US$ Million) by Packaging Formats, 2023 to 2033
Figure 214: MEA Value (US$ Million) by End Use, 2023 to 2033
Figure 215: MEA Value (US$ Million) by Country, 2023 to 2033
Figure 216: MEA Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 217: MEA Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 218: MEA Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 219: MEA Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 220: MEA Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 221: MEA Volume (Tonnes) Analysis by Product Type, 2018 to 2033
Figure 222: MEA Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 223: MEA Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 224: MEA Value (US$ Million) Analysis by Function Type, 2018 to 2033
Figure 225: MEA Volume (Tonnes) Analysis by Function Type, 2018 to 2033
Figure 226: MEA Value Share (%) and BPS Analysis by Function Type, 2023 to 2033
Figure 227: MEA Y-o-Y Growth (%) Projections by Function Type, 2023 to 2033
Figure 228: MEA Value (US$ Million) Analysis by Packaging Formats, 2018 to 2033
Figure 229: MEA Volume (Tonnes) Analysis by Packaging Formats, 2018 to 2033
Figure 230: MEA Value Share (%) and BPS Analysis by Packaging Formats, 2023 to 2033
Figure 231: MEA Y-o-Y Growth (%) Projections by Packaging Formats, 2023 to 2033
Figure 232: MEA Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 233: MEA Volume (Tonnes) Analysis by End Use, 2018 to 2033
Figure 234: MEA Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 235: MEA Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 236: MEA Attractiveness by Product Type, 2023 to 2033
Figure 237: MEA Attractiveness by Function Type, 2023 to 2033
Figure 238: MEA Attractiveness by Packaging Formats, 2023 to 2033
Figure 239: MEA Attractiveness by End Use, 2023 to 2033
Figure 240: MEA Attractiveness by Country, 2023 to 2033
The market in 2023 is valued at USD 74 million.
The CAGR from 2023 to 2033 will be 9.7%.
From 2018 to 2022, the market expanded at a 4.4% CAGR.
By 2033, the market will reach USD 187 million.
United States surpassed the market share of 15.1% in 2022.
Demand for sustainable packaging solution is the driving the market.
The market is estimated to capture a valuation of USD 74 million in 2023.
The market is forecast to register a CAGR of 9.7% through 2033.
During 2018 to 2022, the market registered a CAGR of 4.4%.
Rising awareness campaigns over social media is the current market trends.
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