GLOBAL ALGAE-BASED PACKAGING MARKET

INTRODUCTION

The sustainable development of Algae-based packaging contributes to minimizing resource consumption, waste generation and regulating greenhouse gas emissions Natural hydrophilic polysaccharide biopolymers called alginates are mostly derived from sea brown algae.

They have excellent film-forming qualities, low permeability to O2 and vapors, flexibility, water solubility, gloss, and are tasteless and odorless when used as films or coatings.

They aid in the preservation of moisture, the reduction of shrinkage, the delay of oxidation, the inhibition of color and texture degradation, the reduction of microbial load, the improvement of sensory acceptability, and the minimization of cooking losses when combined with additives like organic acids, essential oils, plant extracts, bacteriocins, and nanomaterials.

Alginates were first employed as a covering for perishable fresh fruit and vegetable to regulate respiration rate, but they may be applied to a wide range of foods.

Alginates can operate synergistically to produce a multi-function food packaging system that embodies the ultimate purpose of food packaging technology when employed as a component of the principle of active, intelligent, and green packaging technologies.

GLOBAL ALGAE-BASED PACKAGING MARKET SIZE AND FORECAST

The Global Algae-based packaging market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

London-based firm Notpla wants to completely eliminate packaging. Algae-based plastic substitute Ooho was developed by Notpla. In addition to being edible, it is also biodegradable. It breaks down quickly if discarded and just takes a few weeks.

The odd substance, which is made to contain liquid, has already been utilized at Roland Garros and the London Marathon. Notpla is also developing algal packaging to replace cardboard boxes, which they are  testing in London with Just Eat as a partner.

In order to preserve frozen fish, the SeaFilm food packaging project seeks to develop a replacement for single-use plastic film. The novel Algae-based packaging is derived from the sea, as its name suggests, and is made of bioactive seaweed extracts and edible algae.

Frozen seafood can be kept for longer while preserving quality with this aid. A promising project that supports the EU's goals of decreasing food waste, combating plastic pollution, and growing the algae industry.

COMPANY PROFILE

• Archer Daniels Midland Company
• ACCEL Carrageenan Corporation
• Cargill, Incorporated
• BASF SE
• Koninklijke DSM N.V.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Algae-based packaging are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Algae-based packaging and key vendor selection criteria
3. Where is the Algae-based packaging manufactured? What is the average margin per unit?
4. Market share of Global Algae-based packaging market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Algae-based packaging in-house
6. key predictions for next 5 years in Global Algae-based packaging market
7. Average B-2-B Algae-based packaging market price in all segments
8. Latest trends in Algae-based packaging market, by every market segment
9. The market size (both volume and value) of the Algae-based packaging market in 2023-2030 and every year in between?
10. Production breakup of Algae-based packaging market, by suppliers and their OEM relationship