The global cassava packaging market is anticipated to accumulate a market value of US$ 1.86 billion in 2023 and is expected to garner a valuation of US$ 4.1 billion by exhibiting a CAGR of 8.2% in the forecast period 2023 to 2033. The cassava packaging market reflected a growth of 6.8% CAGR in the historical period 2018 to 2022.
The biodegradability and increasing environmental concern toward compostable packaging alternatives is boosting the adoption of cassava-based packaging. Cassava packaging is the most suitable alternative to plastic and Styrofoam packaging. The flourishing food sector is one of the key driving forces for the cassava packaging market, as the containers made up of cassava are compatible with hot and cold food and are microwave-friendly.
On the other hand, ongoing investments and subsidies provided by the government of developing nations on the use of biodegradable plastics to reduce the disposal issues of conventional plastics in sea and landfills are further expected to drive market growth. Also, governments are promoting the use of bioplastic by providing subsidies and charging taxes, which significantly contributes toward market expansion. The overarching concern of climate change and the scarcity of fossil resources in future are accelerating the search for compostable packaging concepts.
Stringent government regulations against the use of traditional plastics have fuelled the demand for bioplastics. Bioplastics have the capability to bypass the environmental impacts of petroleum-based plastic packaging. This is contributing to increased product demand for cassava-based packaging. Cassava-based packaging is created by combining several biodegradable materials like starch blends. This material can be utilized to reduce the reliance on fossil fuel-based plastic packaging, eventually increasing the use of green packaging and boosting sustainability and an inclination toward environmental protection.
Region-wise, Europe is appearing to dominate the market by accumulating over 40% market share by end of the forecast period. Increasing awareness of consumers toward the effects of plastic and non-biodegradable packaging on the environment is driving the demand for cassava-based packaging in this region. Governments and other regulatory bodies in the region are coming up with more and more ways to promote and incentivize the use of cassava for packaging.?
North America is expected to reflect significant growth by growing a CAGR of 7.6% during the forecast period. This region is expected to witness tremendous growth as a result of increasing government efforts toward the use of an environmentally safe packaging approach that drives the demand for cassava-based packaging.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1.86 billion |
| Projected Market Value in 2033 | US$ 4.1 billion |
| Growth Rate (2023 to 2033) | 8.2% CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing cassava-based packaging solutions are expected to create lucrative opportunities for market growth during the forecast period.
Cassava is derived from cassava roots and used as a biodegradable packaging. Cassava packaging is renowned for its environmentally friendly and lightweight design, it has gained considerable development in developed countries with the fast-paced lifestyle and growing food distribution and takeout facilities, as it protects and preserves its freshness from air contamination.
The best choice for the use of plastic waste packaging is cassava packaging, which is a reusable packaging alternative that helps protect the environment. Strict rules imposed in place by the government on emissions, contribute to the first choice of end users for cassava packaging. As the market demand for recyclable packaging is rising, the growth of the market for cassava packaging is being fueled.
Due to its biodegradable nature and increasing environmental interest, cassava packaging is the perfect alternative to plastic and Styrofoam packaging. The growing food industry is one of the key driving forces for the cassava packaging market, as the containers made up of cassava are compatible with hot and cold food and are microwave-friendly.
The high initial investment that leads to high production costs is needed for cassava packaging and it is single-use & end users prefer reusable packaging solution, so it acts as a constraint for the demand for cassava packaging. Government agencies offer financial incentives to manufacturers of cassava packaging, which will help the industry expand and provide opportunities for new entrants to the market.
Rapid urbanization and evolving habits contribute to growth in door-step food service and take-out meals, supporting the growth of the demand for cassava packaging.
With the health and environmental issues among end users, COVID-19 has positively impacted the cassava packaging industry. The challenge facing manufacturers of cassava packaging during the pandemic is due to a delay in production and less supply of raw materials, but the production is back in process after the latest legislation and indicates the substantial increase in the demand for cassava packaging.
Principal Consultant
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 key players of cassava packaging market are
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.
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Globally, the cassava packaging market is segmented by product type, applications and end-use.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. By Product Type 6.2. By Applications 6.3. By End-Use 7. Global Market Analysis and Forecast, By Product Type 7.1. Cups & Glasses 7.2. Bowls & Trays 7.3. Containers & Clamshell 7.3.1. With Lid 7.3.2. Without Lid 7.4. Plates 7.4.1. Plane plate 7.4.2. Partitioned plate 7.5. Cutlery 8. Global Market Analysis and Forecast, By Applications 8.1. Food 8.1.1. Ready to eat Meals 8.1.2. Processed Food 8.1.3. Fruits & Vegetables 8.1.4. Soup 8.1.5. Others 8.2. Beverages 8.2.1. Milk Products 8.2.2. Tea & Coffee 8.2.3. Cold drinks 9. Global Market Analysis and Forecast, By End-Use 9.1. Commercial Use 9.2. Household Use 9.3. Institutional Use 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa (MEA) 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Applications, and End-Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Avani Eco. 20.2. UBUNTOO. 20.3. GBG Indonesia 20.4. Affinity Supply Co. 20.5. Biogreen Bags
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Cassava Packaging Market
