Biodegradable Party Supplies Market Trends, Industry | 2031

Report Description

The global biodegradable party supplies market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period, 2023–2031. The market growth is driven by increasing environmental awareness and shifting consumer preferences toward sustainable products.

The demand for biodegradable party supplies products is rapildy growing due to the rising party culture for every other event. Plastic materials are commonly used for celebration due to their convenience and durability which leads to pollution that lasting damage to the ecosystems. This results in, manufacturers developing novel and innovative products to align with consumer preferences.

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Environmental concerns are becoming increasingly prominent in individual’s approach to everyday items and celebrations are undergoing transformation. From disposable cutlery and plates to decorative banners and balloons, these party essentials often end up as long-lasting waste, clogging our landfills, littering our oceans, and endangering wildlife.

• For instance, as per the recent data published, plastic production across the globe was estimated at 390.7 million metric tons in 2021, an annual increase of around 4%.

Biodegradable party supplies naturally degrade in the environment over time. Traditional party supplies are made of plastic and Styrofoam which harm ecosystems due to slow decomposition duration. These supplies are created from eco-friendly materials such as bamboo, recycled paper, bagasse, cornstarch, and fallen leaves which break down through natural processes involving microorganisms.

The market report finds that the COVID-19 pandemic hampered the biodegradable party supplies market. Lockdown measures and restrictions on gatherings caused event cancellations which reduced demand for the product. Supply chain disruptions also led to production delays and shortages of biodegradable materials. However, the post-pandemic increased environmental awareness driving a greater focus on sustainability and reducing plastic use. This has increased demand for eco-friendly services and products such as biodegradable party supplies.

Biodegradable Party Supplies Market Dynamics

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Major Drivers

Rising event management and wedding planning sectors are some of the factors that drive the market. Consumer preferences especially among millennials are shifting towards unique and memorable experiences which reshaping various industries. The event management and wedding planning industries cater to a range of occasions that necessitate diverse decorations and supplies to match themes. The rapid expansion of the event industry increases the demand for various party supplies globally. 

• For instance, as per the recent data published, the event industry's value surged from approximately USD 890 billion by 2020 to exceed USD 2 trillion by 2028 as projected in the 2022 forecast. 

Increasing modernization of lifestyle among individuals is another factor that propels the market. Modernization increased awareness of environmental issues and the shift towards more sustainable and responsible consumption patterns. Nowadays consumers are more conscious of the impact of their choices on the environment which results in growing demand for products that align with eco-friendly values, including biodegradable party supplies.

Existing Restraints

Lack of awareness among consumers about biodegradable party supplies products hampers the market. Many consumers are still unfamiliar with the concept of biodegradable party supplies and their benefits. Changing established consumption patterns can be challenging, consumers who have been using non-biodegradable party supplies for years might be resistant to switching to biodegradable alternatives due to the unfamiliarity of the products.  This results in hampering new market revenue opportunities for the market players.

Emerging Opportunities

Increasing innovations and development in product and event planning services create lucrative opportunities for the market. Innovations in biodegradable materials derived from renewable sources such as cornstarch or sugarcane-based bioplastics are in development. These versatile materials can be shaped for various party supplies that decrease reliance on fossil fuels and offer eco-friendly options.

• For instance, as per recent data published, the worldwide manufacturing capability of bioplastics surged to 2.2 million metric tons in 2022, from which 1.14 million metric tons accounted for the capacity for biodegradable bioplastics. The production capacities of this material are estimated to reach around 6.3 million metric tons globally by 2027. 

Scope of Biodegradable Party Supplies Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Biodegradable Party Supplies Market Segment Insights

Product Segment Analysis

Based on product, the biodegradable party supplies market is divided into banners, balloons, pinatas, disposable/tableware ribbons, Poppers, and Cards. The disposable/tableware segment holds the dominant share of the market during the projection period as it provides a hassle-free solution for hosting events and gatherings and easy availability of a wide range of products.

Disposable/tableware is widely ideal for parties and events due to its convenience. Biodegradable disposable tableware offers the same level of convenience while also addressing environmental concerns. Consumers can enjoy ease of use without the guilt of contributing to plastic waste. Consumers are becoming more aware of the environmental impact of single-use plastics. Moreover, biodegradable disposable/tableware aligns with eco-friendly preference which makes it a popular choice.

The balloons segment is expected to expand at a significant growth rate in the coming years due to the rising adoption of biodegradable products, especially biodegradable balloons. Balloons usually are not biodegradable as they are made up of plastic. Since these balloons are not biodegradable, they end up in landfill for years. 

With the growing awareness and pollution concerns, consumers are actively seeking biodegradable balloons such as latex balloons for the celebration of festivals and birthdays. These balloons decompose naturally over time by reducing concerns about environmental impact and waste disposal. Moreover, companies are also focusing on manufacturing biodegradable party items to reduce their carbon footprint. 

• For instance, in June 2022, Pioneer Balloon Worldwide (PBW) announced a collaborative natural latex supply chain project with Advanced Sustainable Polymers Pte Ltd. This strategic partnership requires the responsibility of managing PBW's natural rubber latex (NRL) supply chain from diverse geographical origins. 

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Application Segment Analysis

On the basis of application, the global market is segregated into domestic use and commercial use. The domestic segment is expected to hold a significant share of the market during the forecast period due to the rising party celebration trends and growing awareness among individuals regarding the harmful effects of plastic pollution. Domestic events such as housewarming, pre-wedding, and small gathering events are celebrated more frequently compared to larger-scale commercial events. Increasing sustainable living practices across the globe encourages domestic consumers to choose eco-friendly options for events.

The commercial segment is projected to register a high CAGR owing to arranging larger-scale events and the growing adoption of theme party concepts. Commercial usage involves large-scale events such as corporate parties, conferences, and promotional events that demand substantial quantities of party supplies. Biodegradable options are required for their positive environmental impact which aligns with brands' sustainability goals. Commercial events often require unique and customized supplies based on themes, biodegradable products fulfill their diverse and customizable range by meeting specific event needs.

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Distribution Channel Segment Analysis

On the basis of distribution channel, the biodegradable party supplies market is segmented into e-commerce, hypermarket/supermarket, specialized stores, convenience stores, and others. The hypermarket/supermarket segment is anticipated to register a robust growth rate during the forecast period due to the convenience and easy availability of bulk shopping.

Hypermarkets and supermarkets have a widespread physical presence in various areas and regions. Hypermarket/supermarket offer a diverse range of products under one roof. Consumers can easily find biodegradable party supplies alongside their other shopping items which eliminates the need for separate trips to specialized stores.

• For instance, as per recent data, supermarkets play a crucial role in the retail industry. Grocery stores and supermarket store sales have reached USD 765 billion in 2021 in the US. According to a survey found that around 74% of consumers in the United States regularly shopped for everyday products from supermarkets. 

The e-commerce segment is projected to expand at a considerable growth rate during the projection period due to it providing detailed product information and convenience. Consumers can easily browse and purchase biodegradable party supplies from the comfort of their homes, saving time and effort compared to traditional retail shopping.

The e-commerce platform offers a wide variety of biodegradable party supplies and often delivers detailed product information. They provide information including materials, sizes, and sustainability features. This transparency allows consumers to make informed decisions based on their preferences and requirements. They also allow consumers to compare prices and customer reviews easily.

Regional Analysis

In terms of region, the global biodegradable party supplies market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to increasing demand for event management services and the growing popularity of theme parties.

Event planners in the region prioritize eco-friendly choices to align with sustainability goals which driving the demand for biodegradable supplies. Biodegradable party supplies are well-suited for theme-based events due to their customizable designs and environmentally friendly attributes which further boost their market presence in the region.

The market in Asia Pacific is projected to grow rapidly during the forecast period, owing to the rising urban population and the increasing government initiatives to use biodegradable products. Government initiatives and strict regulations in the Asia Pacific have played a pivotal role in encouraging the use of biodegradable products.

These initiatives aim to address environmental concerns related to waste generation, plastic pollution, and sustainable consumption. This is expected to create a favorable environment for biodegradable alternatives to flourish during the projection period. Moreover, urbanization influences lifestyle and consumer behavior which drives the need for innovative products like biodegradable party supplies.

• For instance, according to recent data published in 2020 reveals that approximately 51% of Asia’s population resides in urban areas. With the ongoing urbanization trend, the urban population share is expected to surge by over 66% in 2050.

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