According to Future Market Insights, the global bagasse tableware products market is projected to reach US$ 3.0 Billion in 2023. Furthermore, overall bagasse tableware product sales are likely to increase at 6.4% CAGR during the forecast period, reaching US$ 5.2 Billion by 2032.
Growing demand for eco-friendly packaging solutions across diverse end-use industries, rapid growth of HoReCa sectors, and implementation of stringent regulations on plastic usage are some of the key factors driving the global bagasse tableware products market forward.
Bagasse is a versatile material that continues to experience significant growth opportunities in terms of protection and usage. Historically, plastic products have been considered clever products for distribution. However, bagasse tableware products have widespread uses as they are environmentally friendly.
Bagasse tableware products are made from reclaimed sugarcane. Therefore, bagasse is a stylish eco-friendly alternative to polystyrene and is suitable for both hot and cold food. Natural fibers make bagasse products more rigid than paper plates. They offer reliable protection against damage caused by impact during transport and storage. Thus, bagasse tableware products are convenient to use.
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Disposable bagasse food containers are an eco-friendly alternative to plastic containers because they have faster decomposition rates. Green tableware is becoming more popular as an alternative to disposable plastic cups and other items that take hundreds of years or high temperatures to decompose. For manufacturers in the bagasse tableware products sector, such insights are turning into profit prospects.
The non-toxic and environmentally beneficial qualities of bagasse tableware products are drawing interest from customers in both commercial establishments and households. The market for bagasse tableware products is expanding as a result of these trends.
Key Takeaways from Bagasse Tableware Products Market
- Based on product type, the plates category is projected to offer a growth opportunity of US$ 906.4 Mn during 2023-2032.
- By sales channel, the online segment is anticipated to expand at a CAGR of 6% during the forecast period (2023-2032).
- By end use, the quick service restaurants subsegment of commercial end use segment is estimated to hold around 42% of the market value share by the end of 2032. Th
- South Asia and Europe are expected to collectively hold around 61% of the market value share by the end of 2032.
- Germany’s bagasse tableware products market is predicted to grow 1x the current market value during the assessment period.
- The bagasse tableware products market in India is projected to expand at a CAGR of 2% between 2023 and 2032.
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“The increased demand for environmentally friendly packaging solutions in the food service industries is estimated to supplement the sales of bagasse packaging including bagasse tableware products during the forecast period,” says an FMI analyst.
Preference for Eco-Friendly and Single-Use Products Driving Demand for Bagasse Tableware Products
The most affordable and widely accessible packing materials are plastic and Styrofoam, but they are not eco-friendly. Bagasse is one of the greenest solutions and is used to manufacture a variety of serving and packaging items for food. As a result of its outstanding thermal qualities, bagasse tableware products are increasingly becoming popular among environmentally conscious consumers and businesses in the foodservice industry.
The market for bagasse tableware products has increased as a result of their environmental sustainability. The popularity of bagasse tableware products is growing rapidly due to changing consumer preference towards single-use, easily biodegradable, and disposable products.
Consumers are worried about cleanliness, hygiene, and health. Bagasse tableware products preserve food quality while protecting it from contamination and outside pollution. Due to consumers’ preference for the safest, most efficient, and most convenient packaging options, various end use sectors such as restaurants, and hotels are shifting their preference towards single-use bagasse packaging solutions. Consequently, the market for bagasse tableware products will rise as consumer preferences for eco-friendly and single-use packaging increase.
Who is Winning?
Pactiv Evergreen Inc., Dart Container Corporation, Duni AB, Genpak, LLC, Detpak (Detmold Group), and Karat by Lollicup are the key players operating in the bagasse tableware products market. Furthermore, some of the other noticeable players include Vegware US, GreenGood USA, Greenweimo, Shenzhen Zhiben Technology Group Co., Ltd., Jinhua Zhongsheng Fiber Products Co., Ltd, Pappco Greenware, Ecoriti, Bio Futura B.V., and others. The tier 1 players in the market hold 25-30% of the global bagasse tableware products market.
Bagasse Tableware Products Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global bagasse tableware products market, analyzing historical demand from 2017-2022 and forecast statistics for 2023-2032.
The study reveals market growth projections on the bagasse tableware products market based on product type (plates (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), bowls & containers (less than 12 Oz, 12 Oz to 16 Oz, and more than 16 Oz), Cups (less than 6 Oz, 6 Oz to 12 Oz, and more than 12 Oz), trays (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), clamshells (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), end caps, drink carriers, straw, and cutlery (spoons, fork, knife & spork), lamination (laminated and non-laminated), application (food (fruits & vegetables, processed food, ready-to-eat meals, bakery & confectionery, cereals, dairy, and others food products) and beverages), sales channel (manufacturers (direct sales), retail (hypermarket, supermarket, convenience stores, specialty stores), distributors, and online), and end-use (commercial use (hotels & cafes, full service restaurants, quick service restaurants, venues & catering, mobile food vendors, and bakery & patisserie), institutional use (schools & colleges, offices, hospitals, and airports & railways) and household use) across seven regions.
Global Bagasse Tableware Products Market by Category
By Product Type:
- Plates
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
- Bowls & Containers
- Less than 12 Oz
- 12 Oz to 16 Oz
- More than 16 Oz
- Cups
- Less than 6 Oz
- 6 Oz to 12 Oz
- More than 12 Oz
- Trays
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
- Clamshells
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
- End Caps
- Drink Carriers
- Straw
- Cutlery (Spoons, Fork, Knife & Spork)
By Lamination:
- Laminated
- Non-Laminated
By Sales Channel:
- Manufacturers (Direct Sales)
- Retail
- Hypermarket
- Supermarket
- Convenience Store
- Specialty Stores
- Distributors
- Online
By Application:
- Food
- Fruits & Vegetables
- Processed Food
- Ready-to-eat meals
- Bakery & Confectionery
- Cereals
- Dairy
- Others Food Products
- Beverages
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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