The Seaweed Packaging Market Size is valued at USD 655.1 Mn in 2023 and is predicted to reach USD 1,006.7 Mn by the year 2031 at an 5.7% CAGR during the forecast period for 2024-2031.
Packaging plays an essential role in various industries by ensuring product safety and preservation. However, due to its short lifespan, single-use culture, and mass production, packaging significantly contributes to the rapid accumulation of plastic waste in the environment. This steady influx of plastic waste into the waste stream has prompted the development and introduction of biodegradable and bio-based polymers within the market to promote sustainability.
Companies are constantly seeking innovative solutions to reduce their environmental impact, and one such solution gaining traction is seaweed packaging. This ground-breaking approach is revolutionizing the concept of environmental sustainability, offering a promising alternative to traditional plastic packaging. Seaweed packaging is sustainable packaging made from seaweed, a marine alga. Seaweed is a renewable resource that proliferates and doesn't require much land or fresh water to cultivate. It can also help to improve water quality by absorbing excess nutrients. As a renewable resource, seaweed grows quickly and does not require extensive land or fresh water for cultivation.
For instance, In April 2019, the capsules, known as Ooho, were developed by Skipping Rocks Lab, an innovative sustainable packaging startup founded by Imperial alumni Pierre Paslier and Rodrigo Garcia. Ooho is an edible, tasteless, and biodegradable membrane made from seaweed, designed to contain water and other liquids in small 'bubbles'. This innovative use of natural materials extracted from plants and seaweed creates packaging with a low environmental impact, helping to address the problem of plastic waste.
The Seaweed Packaging Market is segmented based on the product format, packaging type, and end-use. Based on the product, the market is segmented into sheets, films, pouches, boxes, trays, and others. Based on the packaging type, the market is segmented into primary, secondary, and tertiary. The By End-Use segment is segmented into Food, Personal Care, Cosmetics, Pharmaceuticals, and Healthcare.
Based on the product format, the segment is divided into sheets, films, pouches, boxes, trays, and others. Among these, the film segment is expected to have the highest growth rate during the forecast period and is the main driver of the seaweed packaging market. Seaweed-based films are becoming increasingly popular as a sustainable packaging option due to their adaptability, biodegradability, and ability to preserve food products. These films have a wide range of uses, such as wrapping, pouches, and other forms, playing a significant role in the rapid growth of the seaweed packaging market.
Based on the end use, the segment is divided into food, personal care, cosmetics, pharmaceuticals, and healthcare. Among these, the food segment leads the market for seaweed packaging. This is due to the increasing demand for sustainable packaging solutions that can effectively preserve food products while reducing environmental impact. Seaweed-based packaging, such as films and pouches, is particularly well-suited for the food industry due to its biodegradability, adaptability, and ability to maintain the freshness and quality of food items.
North America has the largest market share during the forecast period due to many innovative companies and research institutions focused on developing advanced packaging technologies. There is a growing consumer awareness and demand for sustainable and eco-friendly packaging solutions in North America. This has driven companies to adopt innovative packaging alternatives, such as seaweed-based materials. This high demand for sustainable solutions helps to propel the growth of the seaweed packaging market in the region.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 655.1 Mn |
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Revenue Forecast In 2031 |
USD 1,006.7 Mn |
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Growth Rate CAGR |
CAGR of 5.7% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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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 Format, By Packaging Type, End-use |
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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; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
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Competitive Landscape |
Evoware, CuanTec, Seaweed Energy Solutions, AlgaePac, Algopack, Sea6 Energy, Oceanium Cascadia Seaweed, PT Seaweedtama Biopac Indonesia, BZEOS, Notpla Limited, Sway, Innovation Co., LOLIWARE Inc., ZEROCIRCLE ALTERNATIVES PVT. LTD., AGreenPlus, FlexSea, Searo, KELP INDUSTRIES LTD |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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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 Seaweed Packaging Market Snapshot
Chapter 4. Global Seaweed 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 Format Estimates & Trend Analysis
5.1. by Product Format & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Format:
5.2.1. Sheets
5.2.2. Films
5.2.3. Pouches
5.2.4. Boxes
5.2.5. Trays
5.2.6. Other
Chapter 6. Market Segmentation 2: by Packaging Type Estimates & Trend Analysis
6.1. by Packaging Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Packaging Type:
6.2.1. Primary
6.2.2. Secondary
6.2.3. Tertiary
Chapter 7. Market Segmentation 3: by End-Use Estimates & Trend Analysis
7.1. by End-Use & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-Use:
7.2.1. Food
7.2.2. Personal Care
7.2.3. Cosmetics
7.2.4. Pharmaceuticals
7.2.5. Healthcare
Chapter 8. Seaweed Packaging Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Format, 2024-2031
8.1.2. North America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.1.3. North America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
8.1.4. North America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.2. Europe
8.2.1. Europe Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Format, 2024-2031
8.2.2. Europe Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.2.3. Europe Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
8.2.4. Europe Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Format, 2024-2031
8.3.2. Asia Pacific Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.3.3. Asia-Pacific Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
8.3.4. Asia Pacific Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.4. Latin America
8.4.1. Latin America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Format, 2024-2031
8.4.2. Latin America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.4.3. Latin America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
8.4.4. Latin America Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product Format, 2024-2031
8.5.2. Middle East & Africa Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by Packaging Type, 2024-2031
8.5.3. Middle East & Africa Seaweed Packaging Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
8.5.4. Middle East & Africa Seaweed 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. Evoware
9.2.2. CuanTec
9.2.3. Seaweed Energy Solutions
9.2.4. AlgaePac
9.2.5. Algopack
9.2.6. Sea6 Energy
9.2.7. Oceanium
9.2.8. Cascadia Seaweed
9.2.9. PT Seaweedtama Biopac Indonesia
9.2.10. BZEOS
9.2.11. Notpla Limited
9.2.12. Sway Innovation Co.
9.2.13. LOLIWARE Inc.
9.2.14. ZEROCIRCLE ALTERNATIVES PVT. LTD.
9.2.15. AGreenPlus
9.2.16. FlexSea
9.2.17. Searo
9.2.18. KELP INDUSTRIES LTD
9.2.19. Other Prominent Players
Global Seaweed Packaging Market - By Product Format:
Global Seaweed Packaging Market – By Packaging Type
Global Seaweed Packaging Market – By End-Use
Global Seaweed 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.
