Mushroom Packaging Market
Mushroom packaging is produced using agriculture waste and mushroom roots that are further reduced to energy tracks with sterilizing technology. The packaging performs a vital role for each product. Mushroom packaging is convenient, portable, eco-friendly, and sustainable. Mushroom packaging is a new innovative packaging presentation that was launched in the year 2010 by Ecovative Design. The company is based in the U.S. and is engaged in R&D of environment-friendly materials. Generally, mushroom-based packaging solutions are produced from fungi cultured on a medium of hulls, husk, and woody biomass of different agriculture wastes, such as soy, rice, and cotton. Mushroom packaging consists of 100 percent renewable and biodegradable materials that can be directly recycled.
The global mushroom packaging market is growing rapidly owing to the growing demand for eco-friendly and sustainable packaging solutions. Moreover, mushroom packaging is convenient, portable, sustainable, and custom-protective packaging solution, which, in turn, is also expected to drive the global mushroom packaging market growth in the years ahead. The rising demand for mushroom packaging by the electronics industry is likely to further propel the mushroom packaging market growth in the upcoming years. However, fluctuating product prices may negatively affect the mushroom packaging market globally in the future. Alternatively, various product innovations and technological advancements witnessed in this market are projected to further spur the mushroom packaging market growth over the forecast time period.
The global mushroom packaging market is classified based on application and end-user. The application segment of the mushroom packaging market includes commercial and household. The commercial segment is projected to be the major contributing segment in the global market in the years ahead, owing to the increasing application of mushroom packaging solutions for packaging electronics products. Based on end-user, the global mushroom packaging market includes electronic, furniture, wine shipper, glassware, automotive, and residential. The automotive segment is expected to be the dominating segment in the future, owing to the flourishing automotive industry across the globe. Moreover, the electronic segment is estimated to be the fastest growing in the future.
The geographical analysis of the global mushroom packaging market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2018, North America dominated the global mushroom packaging market due to the rising number of product innovation by the manufacturers of mushroom packaging and the growing awareness regarding the benefits of mushroom packaging solutions, such as eco-friendliness, portability, sustainability, and high protection. The flourishing automotive industry in the Latin America region is expected to escalate the demand for mushroom packaging in the region.
Some key players operating in the global mushroom packaging market are Farmland Center, Ecovative Design, Stanhope-Seta, Dell, SPOR, Sealed Air, Merck Forest, Rich Brilliant Willing, and Steelcase.