In 2023, the global cassava packaging market is projected to amass a market value reaching US$ 1.86 billion, with an anticipated valuation of US$ 4.1 billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 8.2% throughout the forecast period from 2023 to 2033. Notably, the cassava packaging market exhibited significant growth in the historical period from 2018 to 2022, registering a commendable CAGR of 6.8%.
The growing focus on environmental sustainability and the rise in environmental consciousness, particularly towards compostable packaging options, is driving the uptake of cassava-based packaging. Cassava packaging stands out as a highly viable substitute for traditional plastic and Styrofoam packaging. The thriving food industry plays a pivotal role in propelling the cassava packaging market forward, given that cassava containers not only cater to hot and cold food storage but are also microwave-safe.
North America is showing tremendous growth as a result of government restrictions on the use of an environmentally safe packaging approach that drives the demand for cassava packaging. As the adoption of eco-friendly products grows, Europe dominates the market for cassava packaging due to a growth in demand for the product.
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Cassava Packaging Market: Key Players
The key players of cassava packaging market are
- Avani Eco.
- UBUNTOO.
- GBG Indonesia
- Affinity Supply Co.
- Biogreen Bags
Recent Developments-
- In May 2022, Amcor Rigid Packaging announced the development and launch of PowerPostTM. This technology produces nearly one-third of lighter bottles with 30% less energy and 30% less carbon than most 20 oz. bottles by dislodging the vacuum in the container post-filling.
- In January 2022, Amcor Plc. showcased AmFiberTM, a new platform for paper-based packaging products. AmFiber’s innovations aim to reimagine the functionality of traditional paper packaging, offering a broad range of functional benefits to meet the changing needs of consumers. AmFiber’s product is an innovative solution tailored to provide snacks and confectionery items to European customers with recyclable packaging that offer a high barrier to oxygen and moisture.
Key Takeaways:
- The global cassava packaging market is expected to grow at a CAGR of 8.2% from 2023 to 2033.
- Increasing environmental concerns and the demand for compostable packaging alternatives drive the adoption of cassava-based packaging.
- Starch-based bioplastics, with their moisture barrier properties and lower environmental impact, contribute to the growth of the cassava packaging market.
- Government investments, subsidies, and regulations promoting the use of biodegradable plastics are driving market expansion.
- Europe is expected to dominate the market, followed by North America, due to increasing consumer awareness and government initiatives toward environmentally safe packaging approaches
Cassava Packaging Market: Regional Outlook
North America is showing tremendous growth as a result of government restrictions on the use of an environmentally safe packaging approach that drives the demand for cassava packaging. As the adoption of eco-friendly products grows, Europe dominates the market for cassava packaging due to a growth in demand for the product.
Thailand and Indonesia are the main cassava producers, so cassava packaging is projected to have the largest market share, with South Asia and East Asia being the third largest producers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cassava packaging market segments and geographies.
Trends in Cassava Packaging
- Sustainability: Consumers are increasingly conscious of environmental impact. Biodegradable and eco-friendly packaging solutions are gaining traction.
- Innovative Designs: Creative packaging not only enhances shelf appeal but also improves convenience for consumers.
- Extended Shelf Life: Advanced packaging technologies extend cassava’s shelf life, reducing waste.
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Key Segmentations:
Globally, the cassava packaging market is segmented by product type, applications and end-use.
By Product Type:
- Cups & Glasses
- Bowls & Trays
- Containers & Clamshell
- With Lid
- Without Lid
- Plates
- Plane plate
- Partitioned plate
- Cutlery
By Applications:
- Food
- Ready to eat Meals
- Processed Food
- Fruits & Vegetables
- Soup
- Others
- Beverages
- Milk Products
- Tea & Coffee
- Cold dinks
- Juices
By End-Use:
- Commercial Use
- Household Use
- Institutional Use
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