Mushroom Packaging Market Report by Technavio predicts 111.64 Mn units growth -- Driven by initiatives by governments that support environmental-friendly packaging

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Oct 25, 2022, 03:30 ET

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The mushroom packaging market has grown substantially over the years. To estimate the size of the market, Technavio has tracked the recent trends and developments in the metal and glass containers industry. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of the overall scope of the full report.

Technavio has announced its latest market research report titled Global Mushroom Packaging Market 2022-2026

The report on the mushroom packaging market by Technavio expects the market size to increase at a CAGR of 14.06% and register an incremental growth of 111.64 million units between 2021 and 2026. However, the growth forecast could be missed with the market growing slower than expected if the following factors come into play: lack of awareness and acceptance of recycled materials packaging solutions, the availability of substitutes, and the lack of awareness and acceptance of green packaging solutions.

According to Technavio, the growth of the market is primarily driven by initiatives by governments that support environmental-friendly packaging.

Governments across the world are banning polystyrene food containers. Some countries and regional government authorities have introduced stricter legislation to completely ban the usage of Styrofoam. This is forcing many restaurants and grocery stores to look for new packaging options, increasing the scope for mushroom packaging solutions. Besides, according to a study, restaurant and grocery store owners are still wary of mushroom packaging due to relatively higher costs. However, economies of scale and subsidies from the government will result in more opportunities for players in the mushroom packaging market during the forecast period. For instance, in February 2021, IKEA, a major furniture multinational chain, announced the induction of mushroom packaging products to replace its current line of styrofoam packaging. All these factors will positively influence the growth of the market during the forecast period.

"Rise in environmental consciousness among people and the rising focus on eco-friendly products by consumers will further accelerate the growth of the market," says an analyst at Technavio.

The global mushroom packaging market is concentrated and highly competitive with the presence of many vendors. The market is in its nascent stage of growth and has immense growth potential. Vendors are focus on innovations to maintain their market presence. Price wars among vendors to expand the customer base is intensifying the competition. In addition, the dynamic nature of the market is attracting several small and large vendors. However, the number of small regional vendors in the mushroom packaging market is moderately low as the barriers to entry are high due to high initial investment and R&D costs. New entrants may find it difficult to compete with the products and solutions offered by established vendors. Compliance with regulations pertaining to the manufacturing and selling of bioplastic and bio-paper packaging can also be a challenge for new entrants.

Many such factors are intensifying the competition in the market. Thus, in order to survive in the competitive environment, it becomes imperative for vendors to distinguish their product offerings through a clear and unique value proposition.

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The report breaks down the market into the following segments:

Distribution channel: offline and online
Geography: APAC, Europe, North America, South America, and MEA

Based on the distribution channel, the online segment is expected to create more revenue in the market. The offline distribution segment includes supermarkets, hypermarkets, discount stores, convenience stores, and individual retailers. Hypermarkets and supermarkets offer mushroom packaging. The high growth of this segment can be attributed to rapid urbanization and changing consumer lifestyles. In addition, expansion plans by retail companies are expected to have a positive impact on the growth of the segment.

In terms of region, Europe will emerge as the dominant region, occupying 39% of the global market share. The regional market is mainly driven by the large number of regulations formulated by governing bodies to support environmental protection. For instance, the Europe 2020 strategy is a comprehensive program developed by the EU for shifting toward a resource-efficient low-carbon economy. This initiative has driven various manufacturers across different end-user industries to use bio-based product offerings. Also, increasing awareness about environmental concerns among the public in the region has resulted in higher demand for sustainable packaging and eco-friendly processing.

The complete report on the global mushroom packaging market offers detailed insights into the potential business segments and regions to invest in over the forecast period. Before making the purchase, we recommend reading our Sample PDF Report.

The mushroom packaging market report answers questions such as:

Is the market structure fragmented or concentrated?
What was the market size in 2021 and the forecast for the mushroom packaging market through 2026?
Which are the best product segment areas to invest in over the forecast period?
What is the market share of dominant and strong vendors in the mushroom packaging market?
What are the inhibiting factors and the impact of COVID-19 on the mushroom packaging market growth?
What are the latest trends and regulatory frameworks in the mushroom packaging market?
Get all your queries resolved. Buy Report Now

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Mushroom Packaging Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.06%
Market growth 2022-2026	111.64 million units
Market structure	Concentrated
YoY growth (%)	13.36
Regional analysis	Europe, APAC, North America, South America, and the Middle East and Africa
Performing market contribution	Europe at 39%
Key consumer countries	US, China, India, Japan, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Dell Technologies Inc., Ecovative Design LLC, Fungi Solutions, Grown Bio BV, Magical Mushroom Co., Mushroom Material, Sealed Air Corp., Shroom Labs, Steelcase Inc., and THE ECOBAHN GROUP PTY LTD.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

5.1 Market segments

Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

5.2 Comparison by Distribution Channel

Exhibit 26: Chart on Comparison by Distribution Channel
Exhibit 27: Data Table on Comparison by Distribution Channel

5.3 Offline - Market size and forecast 2021-2026

Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 (million units)
Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 (million units)
Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

5.4 Online - Market size and forecast 2021-2026

Exhibit 32: Chart on Online - Market size and forecast 2021-2026 (million units)
Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 (million units)
Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Distribution Channel

Exhibit 36: Market opportunity by Distribution Channel (million units)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 Europe - Market size and forecast 2021-2026

Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 (million units)
Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 (million units)
Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.4 APAC - Market size and forecast 2021-2026

Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (million units)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (million units)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (million units)
Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (million units)
Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (million units)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (million units)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 (million units)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 (million units)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 (million units)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (million units)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 (million units)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 (million units)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 India - Market size and forecast 2021-2026

Exhibit 74: Chart on India - Market size and forecast 2021-2026 (million units)
Exhibit 75: Data Table on India - Market size and forecast 2021-2026 (million units)
Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026

Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 (million units)
Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 (million units)
Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography (million units)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 Dell Technologies Inc.

Exhibit 89: Dell Technologies Inc. - Overview
Exhibit 90: Dell Technologies Inc. - Business segments
Exhibit 91: Dell Technologies Inc. - Key news
Exhibit 92: Dell Technologies Inc. - Key offerings
Exhibit 93: Dell Technologies Inc. - Segment focus

10.4 Ecovative Design LLC

Exhibit 94: Ecovative Design LLC - Overview
Exhibit 95: Ecovative Design LLC - Product / Service
Exhibit 96: Ecovative Design LLC - Key offerings

10.5 Fungi Solutions

Exhibit 97: Fungi Solutions - Overview
Exhibit 98: Fungi Solutions - Product / Service
Exhibit 99: Fungi Solutions - Key offerings

10.6 Grown Bio BV

Exhibit 100: Grown Bio BV - Overview
Exhibit 101: Grown Bio BV - Product / Service
Exhibit 102: Grown Bio BV - Key offerings

10.7 Magical Mushroom Co.

Exhibit 103: Magical Mushroom Co. - Overview
Exhibit 104: Magical Mushroom Co. - Product / Service
Exhibit 105: Magical Mushroom Co. - Key offerings

10.8 Mushroom Material

Exhibit 106: Mushroom Material - Overview
Exhibit 107: Mushroom Material - Product / Service
Exhibit 108: Mushroom Material - Key offerings

10.9 Sealed Air Corp.

Exhibit 109: Sealed Air Corp. - Overview
Exhibit 110: Sealed Air Corp. - Business segments
Exhibit 111: Sealed Air Corp. - Key news
Exhibit 112: Sealed Air Corp. - Key offerings
Exhibit 113: Sealed Air Corp. - Segment focus

10.10 Shroom Labs

Exhibit 114: Shroom Labs - Overview
Exhibit 115: Shroom Labs - Product / Service
Exhibit 116: Shroom Labs - Key offerings

10.11 Steelcase Inc.

Exhibit 117: Steelcase Inc. - Overview
Exhibit 118: Steelcase Inc. - Business segments
Exhibit 119: Steelcase Inc. - Key offerings
Exhibit 120: Steelcase Inc. - Segment focus

10.12 THE ECOBAHN GROUP PTY LTD.

Exhibit 121: THE ECOBAHN GROUP PTY LTD. - Overview
Exhibit 122: THE ECOBAHN GROUP PTY LTD. - Product / Service
Exhibit 123: THE ECOBAHN GROUP PTY LTD. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 124: Inclusions checklist
Exhibit 125: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 126: Currency conversion rates for US$

11.4 Research methodology

Exhibit 127: Research methodology
Exhibit 128: Validation techniques employed for market sizing
Exhibit 129: Information sources

11.5 List of abbreviations

Exhibit 130: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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