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.
Competitive Landscape
Some Major Key Players In The Cassava-Based Packaging Market:
- Avani Eco Hub
- Universal Bio pack
- EcoNest Philippines
- Biopack
- JáFui Mandioca,
- greenhope
- Affinity Supply Co
- Garnier
- Parchem fine & specialty chemicals (US)
- UBUNTOO
- GBG Indonesia
- Biogreen Bags.
- Other Market Players
Market Segmentation:
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.
Based On End Users, The Ready-To-Eat Segment Accounts For A Major Contributor To The Cassava-Based Packaging Market.
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 Segment Witness Growth At A Rapid Rate
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 Region, The North American Cassava-Based Packaging Market, Holds A Significant Revenue Share.
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.
Cassava-Based Packaging Market Report Scope
|
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 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, End-Use, Distribution |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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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. |
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