Cassava-Based Packaging Market Size is valued at USD 1.96 Bn in 2023 and is predicted to reach USD 3.12 Bn by the year 2031 at a 6.2% CAGR during the forecast period for 2024-2031.
ava-based packaging refers to packaging materials that are derived from cassava starch or other cassava derivatives. These materials are designed to be biodegradable, environmentally friendly, and sustainable alternatives to conventional plastics. The cassava-based packaging market sees strong demand for sustainable solutions, providing a biodegradable alternative to plastic that reduces reliance on fossil fuels & minimizes environmental impact. Innovations in packaging technology are driving significant growth in North America, making cassava-based plastic packaging more accessible and affordable for various business needs.
This market growth is largely attributed to stringent government regulations, consumer demand, and recent technological advancements. However, supply chain logistics, distribution, and transportation challenges may affect packaging options and strategies. Additionally, the market for cassava cups is experiencing robust growth due to rising environmental concerns and the shift towards sustainable packaging. As consumers seek alternatives to single-use plastics, cassava cups, which biodegrade and compost naturally without the need for commercial facilities, are becoming increasingly popular among eco-conscious buyers.
The Cassava-Based Packaging market is segmented on the basis of product, application, and distributional channel. By product type, the market includes cups, glass, trays, bowls, plates, containers, cutlery, and clamshells. By end use, it covers a wide range of applications such as food (processed food, ready-to-eat meals, fruits and vegetables, soup), beverages (milk products, tea and coffee, cold drinks, juices), cosmetics and personal use, agriculture, pharmaceuticals, consumer goods, household, industrial, and others. By distribution, the market is segmented into offline and online, with offline further divided into retail and wholesale.
Ready-to-eat meals dominate the Cassava-Based Packaging Market due to several key factors. Firstly, these meals cater to the increasing consumer demand for convenient, quick, and hassle-free food options in today's fast-paced lifestyles. Cassava-based packaging offers an ideal solution for such meals as it is lightweight, durable, and biodegradable, aligning with eco-conscious consumer preferences. Moreover, the versatility of cassava-based materials allows for various packaging formats suitable for ready-to-eat meals, including trays, containers, and pouches. These packaging solutions maintain the freshness and quality of the meals while minimizing environmental impact compared to traditional plastics.
Offline distribution channels, including physical retail outlets and wholesalers, are crucial in expanding the cassava-based packaging industry. These channels offer immediate customer and business interaction, covering a wide range of cassava-based packaging solutions. In retail settings, cassava-based packaging is utilized across various sectors, such as food packaging for fresh fruits, snacks, bakery items, and ready-to-eat meals. Many supermarkets and grocery stores feature cassava bags, trays, and containers, appealing to environmentally conscious customers. Additionally, specialized retail stores that focus on sustainable products significantly bolster the market by showcasing diverse cassava-based packaging options.
The Innovations in packaging technology within the APAC region have enhanced the durability and functionality of cassava-based materials, making them more competitive with traditional plastics. Local companies are investing in research and development to improve the properties of cassava-based packaging, ensuring it meets diverse business needs. Additionally, international collaborations and investments are boosting production capacities and improving supply chain efficiencies. Innovations in packaging technology are driving significant growth in North America, making cassava-based plastic packaging more accessible and affordable for various business needs.
This market growth is largely attributed to a combination of stringent government regulations, consumer demand, and recent technological advancements. However, supply chain logistics, distribution, and transportation challenges may affect packaging options and strategies. Additionally, the market for cassava cups is experiencing robust growth due to rising environmental concerns and the shift towards sustainable packaging. As consumers seek alternatives to single-use plastics, cassava cups, which biodegrade and compost naturally without the need for commercial facilities, are becoming increasingly popular among eco-conscious buyers.
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.96 Bn |
|
Revenue Forecast In 2031 |
USD 3.12 Bn |
|
Growth Rate CAGR |
CAGR of 6.2% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, End-Use, Distribution |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
Competitive Landscape |
Avani Eco Hub, Universal Biopack, EcoNest Philippines, Biopack, JáFui Mandioca, greenhope, Affinity Supply Co, Garnier, Parchem fine & speciality chemicals (US), UBUNTOO., GBG Indonesia, and Biogreen Bags and Other Market Players |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Cassava-Based Packaging Market Snapshot
Chapter 4. Global Cassava-Based Packaging Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. Cups
5.2.2. Glass
5.2.3. Trays
5.2.4. Bowls
5.2.5. Plates
5.2.6. Containers
5.2.7. Cutlery
5.2.8. Clamshell
Chapter 6. Market Segmentation 2: by End Use Estimates & Trend Analysis
6.1. by End Use & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End Use:
6.2.1. Food
6.2.1.1. Processed Food
6.2.1.2. Ready to eat Meals
6.2.1.3. Fruits & Vegetables
6.2.1.4. Soup
6.2.2. Beverage
6.2.2.1. Milk Products
6.2.2.2. Tea & Coffee
6.2.2.3. Cold dinks
6.2.2.4. Juices
6.2.3. Cosmetics & Personal Use
6.2.4. Agriculture
6.2.5. Pharmaceuticals
6.2.6. Consumer Goods
6.2.7. Household
6.2.8. Industrial
6.2.9. Others
Chapter 7. Market Segmentation 3: by Distribution Estimates & Trend Analysis
7.1. by Distribution & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Distribution:
7.2.1. Offline
7.2.2. Retail
7.2.3. Wholesale
7.2.4. Online
Chapter 8. Cassava-Based Packaging Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.1.2. North America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.1.3. North America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Distribution, 2024-2031
8.1.4. North America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.2. Europe
8.2.1. Europe Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.2.2. Europe Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.2.3. Europe Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Distribution, 2024-2031
8.2.4. Europe Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.3.2. Asia Pacific Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.3.3. Asia-Pacific Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Distribution, 2024-2031
8.3.4. Asia Pacific Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.4. Latin America
8.4.1. Latin America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.4.2. Latin America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.4.3. Latin America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Distribution, 2024-2031
8.4.4. Latin America Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.5.2. Middle East & Africa Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by End Use, 2024-2031
8.5.3. Middle East & Africa Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by Distribution, 2024-2031
8.5.4. Middle East & Africa Cassava-Based Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Avani Eco Hub
9.2.2. Universal Biopack
9.2.3. EcoNest Philippines
9.2.4. JáFui Mandioca
9.2.5. Greenhope
9.2.6. Affinity Supply Co
9.2.7. Garnier
9.2.8. Parchem fine & specialty chemicals (US)
9.2.9. UBUNTOO.
9.2.10. GBG Indonesia
9.2.11. Biogreen Bags
9.2.12. Other Prominent Players
Cassava-Based Packaging Market By Product Type
Cassava-Based Packaging Market By End Use
Cassava-Based Packaging Market By Distribution
Cassava-Based Packaging Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
