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The plant-based food packaging market has seen rapid growth, expanding from $5.64 billion in 2023 to $6.39 billion in 2024, with a compound annual growth rate (CAGR) of 13.4%. This growth is driven by increasing awareness of environmental issues, rising demand for sustainable products, consumer preference for sustainable packaging materials, concerns about plastic waste, and increased demand for flexible packaging. The market is expected to continue its rapid growth, reaching $10.6 billion by 2028, with a CAGR of 13.5%. This projected growth is attributed to growing consumer preference for sustainability, rising demand for recyclable and biodegradable products, increased concern about packaging waste in oceans and landfills, and the adoption of eco-friendly packaging. Major trends in the forecast period include the growing use of green packaging, high demand for paper and paperboard packaging, adoption of smart packaging with freshness monitoring technology, sustainable packaging practices, and the use of biodegradable and compostable materials.

The increasing incidence of sports injuries is anticipated to fuel the growth of the physiotherapy equipment and accessories market. Sports injuries, resulting from athletic activities or exercise, are becoming more common due to higher participation rates and insufficient injury prevention. Physiotherapy equipment and accessories aid in managing sports injuries by offering pain relief, promoting healing, and improving mobility. According to a report published in April 2023 by the Australian Sports Commission, approximately 18.27 million Australians aged 18 and older engaged in sports or physical activity in 2022, with 3.47 million sustaining injuries. The high rate of sports injuries is expected to drive the demand for physiotherapy equipment and accessories, with continued growth projected through 2024 and 2028.

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What Are The Key Trends That Influence Plant-Based Food Packaging Market Share Analysis?

Major companies operating in the plant-based food packaging market are advancing solutions with sustainable packaging practices to provide biodegradable alternatives to traditional plastic, thereby reducing waste and environmental impact. Sustainable packaging practices are ways of designing, producing, and disposing of packaging materials that reduce the ecological footprint by including eco-friendly, resource-efficient materials and procedures that encourage a circular economy. For instance, in March 2024, Donovan Bros Ltd., a UK-based provider of sustainable packaging solutions, launched mushroom-based packaging. It is an environmentally friendly and biodegradable food packaging solution that combines agricultural waste with mycelium to generate strong and compostable packaging. It is a flexible, edible, or compostable packaging alternative appropriate for various food goods. This innovative packaging enables a distinct ‘unboxing’ experience.

Which Market Players Are Driving Growth In The Plant-Based Food Packaging Market?

Major companies operating in the plant-based food packaging market are Amcor plc, WestRock Company, International Paper, Tetra Pak International S.A., DuPont, Stora Enso, Sealed Air, Huhtamaki, Mondi Group, Cascades Inc., Glatfelter Corporation, Genpak, Nordic Paper, Danimer Scientific, Good Natured Products Inc., Vegware, Sulapac Oy, Be Green Packaging, BioPak, TIPA LTD, WorldCentric.com, Sabert Corporation, Ecologic

How Is The Global Plant-Based Food Packaging Market Segmented?

1) By Packaging Type: Paper Based; Biodegradable And Compostable Packaging; Recyclable Plastic Packaging
2) By Material: Bioplastics; Mycelium; Bagasse; Starch Based; Paper
3) By Packaging Formats: Flexible Packaging; Stand-Up Pouches; Flat Bottom Bags; Flow Wraps; Rigid Packaging; Trays; Containers; Bottles

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The Plant-Based Food Packaging Global Market Report 2024 provides an overview of the plant-based food packagingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plant-based food packaging market forecast analyzes plant-based food packaging market size, plant-based food packaging market share, leading competitor and their market positions.

The Table Of Content For The Plant-Based Food Packaging Market Include

1. Plant-Based Food Packaging Market Executive Summary
2. Plant-Based Food Packaging Market Segments
3. Plant-Based Food Packaging Market Size And Template Market Growth Rate
4.  Key Plant-Based Food Packaging Market Trends
5. Major Plant-Based Food Packaging Market Drivers
……
25. Key Mergers And Acquisitions In The Plant-Based Food Packaging Market
26. Top Plant-Based Food Packaging Companies
27. Plant-Based Food Packaging Market Opportunities And Strategies
28. Plant-Based Food Packaging Market, Conclusions And Recommendations
29. Appendix

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