Bagasse Tableware Market Share, Opportunities, Industry 2031

Report Description

The global bagasse tableware market was valued at USD 204.1 Million in 2022 and is expected to surpass USD 365.87 Million by 2031, expanding at a CAGR of 6.7% during the forecast period, 2023–2031. Bagasse is the dry pulpy fibrous material that is collected after sugarcane juice is extracted. These tableware products can be used only one time and can be recycled.

Instead of wasting bagasse, it is being used to manufacture tableware products such as plates and bowls. Bagasse is biodegradable, and thus environment friendly, which is an effective alternative to plastic plates. Bagasse can be made into tableware using either wet pulp or dry pulp board. Once the pulp is blended, it is put into molding machines to make the required tableware product. These tableware products are used instead of traditional paper plates or plastic plates to avoid any environmental damage during disposing the plates off. Moreover, these plates are used to store or hold solid to semi-solid foods and can store all types of food and have various compartments to keep different kinds of foods. Thus, the use of these products is increasingly for various food services.

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Bagasse Tableware Market Trends, Drivers, Restraints, and Opportunities

• Rising awareness about the use of eco-friendly and recyclable materials is increasing the use of bagasse tableware products, which fuels the market.

• Expansion in R&D activities conducted by key players to increase durability, versatility, and recyclability are key factors propelling the market growth.

• Bagasse tableware can be customized according to the need of the consumers and the lids of the storage boxes can be printed with the name of the brand to enhance brand value. This, in turn, drives the market growth.

• Bagasse tableware are innovative and a trending form of product packaging for various food segments such as dine-in restaurants, takeaway facilities, delivery services, and catering services.

• The modified form of bagasse plates has lids gives the food thermal regulation, protection, and enhances sustainable parameter, which further boost the market.

Scope of Bagasse Tableware Market Report

The report on the global bagasse tableware market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Bagasse tableware Market Segment Insights

Plate segment is forecasted to hold a significant market share

In terms of product type, the market is segmented into plates and bowls. The plate segment holds a key share of the market due to the hirer requirement for plates being than bowls. Nowadays, plates have compartments, which eliminate the need for bowls. The plates segment is further categorized on the basis of size, into less than 8 inches, 8 to 12 inches and more than 12 inches. The 8 to 12 inches sub-segment is projected to hold a key share of the plates segment. These plates also come with lids that enable the food to be protected for bugs and dirt and kept warm.

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Indirect sales segment is expected to hold major market share

Based on sales channels, the market is divided into indirect sales and direct sales. The indirect sales segment is projected to dominate the market during the forecast period. The availability of bagasse tableware is more in places such as departmental and discount stores, hypermarket/supermarket, specialty stores, and online, which are the channels of indirect sales distribution. Consumers find it easier to buy bagasse tableware from retailers as compared to wholesalers; therefore, the indirect sales segment to hold a key share of the market.

Commercial segment to dominate the market

On the basis of end-users, the market is bifurcated into commercial and household use. The commercial segment is divided into hotels & cafes, full-service restaurants, quick service restaurants, and venues & catering services. The requirement for bagasse plates in households is limited as people who prefer using cutlery and tableware that are not use and throw. The commercial segment uses bagasse plates and tableware due to their one-time use. Catering services use these products, as the demand for these products is more during social events. Expansion of the food and packaging industry is a major driver of the commercial segment.

Europe to remain a lucrative region for the market

In terms of regions, the global bagasse tableware market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to hold key share of the market due to the growth of the food packaging industry and continuous R&D activities by key players. The market in Asia Pacific is expected to grow due to rising awareness about the environment and high consumption of sugarcane in countries such as India, China and Japan, thereby increasing the availability of bagasse.

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