Cassava is a biodegradable packaging material made from cassava roots. Cassava packaging is known for its environmentally friendly and lightweight design, and it has grown in popularity in developed countries as a result of fast-paced lifestyles and expanding food distribution and takeout facilities, as it protects and preserves the freshness of the product from air contamination.
Cassava packaging, a reusable packaging option that helps safeguard the environment, is the ideal choice for the use of plastic waste packaging. Government-imposed strict emission regulations contribute to cassava packaging being the first choice of end customers. The growth of the cassava packaging market is primarily pushed by increased market demand for recyclable packaging.
Market Dynamics for Cassava Packaging
Cassava packaging is an excellent alternative to plastic and Styrofoam packaging due to its biodegradable nature and growing environmental awareness. One of the primary driving reasons for the cassava packaging market is the rising food industry, as cassava containers are compatible with both hot and cold foods and are microwave-safe.
Cassava packaging requires a large initial investment, which leads to high production costs, and it is single-use, but end-users prefer reusable packaging solutions, hence the demand for cassava packaging is constrained. Government agencies provide financial incentives to cassava packaging makers, which will help the industry grow and provide chances for new entrants.
Cassava Packaging Market Outlook by Region
Government limits on the use of an environmentally friendly packaging technique, which increases demand for cassava packaging, are driving phenomenal growth in North America. Due to an increase in demand for cassava, Europe now dominates the market for cassava packaging as the acceptance of environmentally friendly products develops.
Because Thailand and Indonesia are the leading cassava producers, cassava packaging is expected to have the biggest market share, followed by South Asia and East Asia.
Key Players in the Cassava Packaging Market
The leading companies in the cassava packaging market are:
Biogreen Bags. Avani Eco. UBUNTU. GBG Indonesia Affinity Supply Co.
The research is based on firsthand knowledge, qualitative and quantitative analysis by industry analysts, and contributions from industry experts and participants across the value chain.
COVID-19 has had a favorable impact on the cassava packaging sector due to health and environmental concerns among end-users. Manufacturers of cassava packaging faced a struggle during the pandemic due to a delay in manufacturing and a shortage of raw materials, but production has resumed with the current law, indicating a significant increase in demand for cassava packaging.