The global seaweed packaging market size is projected to grow from US$ 558.69 million in 2024 to US$ 1,088.8 million by 2034, expanding at a CAGR of 6.9%. The market is segmented by source, packaging process, and end-use. In 2024, the plant segment dominated the market, and antimicrobial packaging was the leading process. The food & beverages sector held the largest share in end-use applications. The market is geographically divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe led the market in 2024, with North America expected to experience significant growth due to its booming e-commerce industry and growing demand for sustainable packaging.
Seaweed Packaging Market Top Players
Latest Announcements by Seaweed Packaging Industry Leaders
- Nordic SeaFarm CEO Simon Hilmersson states, The Nordic Seafarm, an InnoEnergy portfolio company is excited to work with FutureLab & Partners in launching Manatee Biomaterials.This collaboration puts Nordic Seafarm company at the forefront of regenerative material solutions by allowing to fully utilize seaweed. Nordic Seafarm, an InnoEnergy portfolio company think biomaterials derived from seaweed have the potential to transform entire industries and hasten the transition to a circular economy.
- In October 2024, the material innovation company Sway said that four fashion labels will take part in the debut of their polybags, which are printed using algae-derived ink and manufactured from seaweed, plants, and biodegradable polymers. They are made to break down in composting conditions, both residential and commercial. It is anticipated that Prana, Faherty, Alex Crane, and Florence would start packing clothes like shirts and shorts in the first quarter of 2025 and the fourth quarter of 2024 utilizing the bags.
New Advancements in Seaweed Packaging Industry
- In August 2024, PA Consulting company and Searo Labs company revealed the launch of the seaweed-based packaging products in an effort to reduce the amount of plastics, single-use packaging, and PFAS used in the food, personal care, and home care industries worldwide. Searo materials are said to be heat sealable, optically clear, safe for food contact, home biodegradable, and tunable in terms of texture and wetness. They are said to be produced using low-energy technologies, locally produced, sustainably oriented farming methods, and without any chemical alterations.
- In January 2024, Boulder, Colorado EcoEnclose, a leading provider of sustainable packaging, has partnered with Sway, a business that specializes in next-generation materials, to create and introduce the first seaweed-windowed retail box in history. This retail box reimagines the effect that businesses can enable through their packaging decisions. It is curbside recyclable, fossil-free, and extremely customizable.
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