DISAPPEARING PACKAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The disappearing packaging market is estimated to be valued at USD 4.26 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031. Disappearing packaging refers to packaging that decomposes or disappears after use without leaving behind any traces of litter or waste. It offers a more sustainable solution to traditional packaging by reducing waste and environmental footprint. Materials like edible films made from plant extracts, seaweed or algae are used to produce disappearing packaging that can fully dissolve in water. As consumers become more environmentally conscious, there is a growing demand for green solutions in the packaging industry. Disappearing packaging is expected to see rising adoption rates in the coming years as it addresses issues of packaging waste and sustainability.

 Market Dynamics:

The disappearing packaging market growth is driven by the growing focus on sustainable packaging solutions globally. Stricter regulations regarding single-use plastics and bans on non-biodegradable materials are compelling companies to invest in green alternatives. The market witnesses opportunities with increasing R&D on novel edible and biodegradable materials that can deliver on performance as well as sustainability. However, high costs of production and lack of infrastructure for industrial scale production pose challenges for market growth. Also, limited awareness among consumers and lack of common standards continue to restrain the adoption of disappearing packaging.

 Key Features of the Study:

• This report provides in-depth analysis of the global disappearing packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global disappearing packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Kuraray Co. Ltd., Aicello Corporation, Aquapak Polymer Ltd, Lactips, Notpla Ltd, GM Packaging, Lithey, Mondi Group, The Mend Packaging, Reckitt
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global disappearing packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global disappearing packaging market

Market Segmentation

• By Raw Material Type:
• • Starch
  • Corn
  • Tree Pulp
  • Seaweed
  • Others (Water-soluble polymers, etc.)
• By Application:
• • Food Packaging
  • Beverage Packaging
  • Pharmaceuticals Packaging
  • Personal Care Packaging
  • Others
• By Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Kuraray Co. Ltd.
  • Aicello Corporation
  • Aquapak Polymer Ltd 
  • Lactips 
  • Notpla Ltd 
  • GM Packaging
  • Lithey
  • Mondi Group
  • The Mend Packaging
  • Reckitt