Mycelium Packaging Market Trends and Forecast
The future of the global mycelium packaging market looks promising with opportunities in the food & drink, general merchandise, and cosmetic & skin care product markets. The global mycelium packaging market is expected to reach an estimated $125.1 million by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable packaging solutions, growing awareness of environmental impact, and rise in mycelium-based material technology.
• Lucintel forecasts that with corn stalk is expected to witness the highest growth over the forecast period.
• Within this market, food & drink is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Mycelium Packaging Market
• United States: Ecovative Design announced partnerships with major brands for mycelium packaging adoption, aligning with government targets to reduce plastic waste and promote sustainable packaging solutions.
• Netherlands: BioBizz launched new mycelium-based packaging lines, supported by government incentives for eco-friendly packaging initiatives.
• Japan: Mogu collaborated with government agencies to set targets for mycelium packaging adoption, aiming to reduce environmental impact and promote circular economy practices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mycelium Packaging Market by Segment
The study includes a forecast for the global mycelium packaging market by type, application, and region.
Mycelium Packaging Market by Type [Value from 2018 to 2030]:
• With Corn Stalks
• With Hemp Hurds
• With Wood Chips
Mycelium Packaging Market by Application [Value from 2018 to 2030]:
• Food & Drinks
• General Merchandise
• Cosmetics & Skin Care Products
• Others
Mycelium Packaging Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Mycelium Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mycelium packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mycelium packaging companies profiled in this report include-
• Ecovative Design
• BioFab
• Magical Mushroom Company
• GROWN bio
• MycoWorks
Recent Development in the Mycelium Packaging Market
• Ecovative Design: Ecovative Design specializes in mycelium-based packaging solutions, offering eco-friendly alternatives to traditional materials. Their initiative focuses on reducing plastic waste and promoting circular economy practices through innovative packaging designs.
• BioBizz: BioBizz has launched new mycelium-based packaging lines, emphasizing biodegradability and environmental sustainability. Their initiative aims to address growing concerns about plastic pollution by providing compostable packaging solutions for various industries.
• Mogu: Mogu has collaborated with government agencies to set targets for mycelium packaging adoption. Their initiative includes research and development efforts to improve the performance and scalability of mycelium-based packaging, aligning with government goals for sustainable packaging practices.
• Mycoworks: Mycoworks is advancing fungal fabrication technologies for mycelium-based materials, including packaging solutions. Their initiative focuses on scaling up production capacity and enhancing the versatility of mycelium-based packaging for widespread adoption in the global market.
• EcoCradle: EcoCradle specializes in customizable mycelium packaging solutions tailored to specific industry needs. Their initiative includes collaborations with companies to develop unique packaging designs that combine sustainability, functionality, and aesthetic appeal, driving innovation in the mycelium packaging market.
Features of the Global Mycelium Packaging Market
Market Size Estimates: Mycelium packaging market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mycelium packaging market size by type, application, and region in terms of value ($M).
Regional Analysis: Mycelium packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the mycelium packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mycelium packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the mycelium packaging market size?
Answer: The global mycelium packaging market is expected to reach an estimated $125.1 million by 2030.
Q2. What is the growth forecast for mycelium packaging market?
Answer: The global mycelium packaging market is expected to grow with a CAGR of 9.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the mycelium packaging market?
Answer: The major drivers for this market are increasing demand for sustainable packaging solutions, growing awareness of environmental impact, and rise in mycelium-based material technology.
Q4. What are the major segments for mycelium packaging market?
Answer: The future of the mycelium packaging market looks promising with opportunities in the food & drink, general merchandise, and cosmetic & skin care product markets.
Q5. Who are the key mycelium packaging market companies?
Answer: Some of the key mycelium packaging companies are as follows:
• Ecovative Design
• BioFab
• Magical Mushroom Company
• GROWN bio
• MycoWorks
Q6. Which mycelium packaging market segment will be the largest in future?
Answer: Lucintel forecasts that with corn stalk is expected to witness the highest growth over the forecast period.
Q7. In mycelium packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mycelium packaging market by type (with corn stalks, with hemp hurds, and with wood chips), application (food & drinks, general merchandise, cosmetics & skin care products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Mycelium Packaging Market Market, Mycelium Packaging Market Market Size, Mycelium Packaging Market Market Growth, Mycelium Packaging Market Market Analysis, Mycelium Packaging Market Market Report, Mycelium Packaging Market Market Share, Mycelium Packaging Market Market Trends, Mycelium Packaging Market Market Forecast, Mycelium Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.