The global sugarcane bagasse-based disposable tableware market size was USD XX Million in 2022 and is estimated to reach USD XX Million by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is characterized by the rising demand for environmentally-safe, stylish, and sustainable biodegradable packaging solutions that offer a sense of well-being to consumers.
The functionality, aesthetics, and sustainability of any product appeal to the consumers. Sugarcane bagasse-based disposable tableware appeals to consumers, as they are stylish, durable, and sustainable.
When sugarcane stalks are crushed a dry, fibrous, and pulpy residual is left behind. This residual is called sugarcane bagasse. This byproduct is used as an environmentally responsible paper alternative in producing stylish, elegant, and biodegradable tableware.
Exquisite culinary creations made up of sugarcane bagasse-based disposable materials are inherently cut and grease-resistant, freezer safe, microwavable, and can sustain in temperatures up to 200°F. Waste management is a huge concern for manufacturers and consumers. Sugarcane bagasse-based disposable tableware decomposes much faster than products made from wood and paper. Sugarcane bagasse-based disposable tableware is sturdy with beverages and foods up to 120°C.
The pulping process of sugarcane bagasse is relatively less harmful to the environment than producing paper from trees. Paper takes longer to decompose as compared to bagasse, as it stays in landfills for a longer time.
Cutting the trees for the production of paper destroys the environmental ecosystem, as trees take a long time to grow to their full size. By using agricultural byproducts such as sugarcane bagasse-based material for tableware production, the manufacturers can limit the damage to the ecosystem as sugarcane crops take only six months for harvesting on the other hand trees take close to seven to ten years for growth. Similarly, carbon dioxide emissions generated by sugarcane plants are equal to the amount of carbon dioxide absorbed from the atmosphere, which means greenhouse gas effects are neutralized in the cultivation of sugarcane crops.
Sugarcane bagasse disposable tableware is popular in environmentally conscious business practices in the hospitality industry due to its recyclability and naturalness. The hospitality industry is giving emphasis on using renewable and sustainable to brand their offerings.
Sugarcane Bagasse-based Disposable Tableware Market Dynamics
Drivers
Rising awareness about health-related issues arising from petroleum-based tableware products and environmental sustainability are anticipated to drive the market. The rising trend of using natural, biodegradable, and sustainable materials in environmentally conscious business practices in the hospitality industry boosts the market.
Growth of the e-commerce sector and competition among the hospitality industry players to offer environmentally sustainable packaging solutions to gain a competitive advantage in the market are expected to drive the market. The packaging industry players design tableware that is visually appealing, convenient, and sustainable. Sugarcane bagasse-based disposable tableware is preferred for its recyclability, durability, and sturdiness.
Restraints
The slow adoption of using sugarcane bagasse-based disposable tableware is likely to hinder the market. Industry players hesitate to use sugarcane bagasse-based disposable tableware for various reasons including supply-demand mismatch and lack of willingness to adopt sugarcane bagasse-based disposable tableware.
Opportunities
Enforcement of laws prohibiting the use of plastic products creates significant opportunities in the market. Implementation of laws to reduce the use of single-use plastics creates opportunities in the sugarcane bagasse-based disposable tableware market.
Scope of the Sugarcane Bagasse-based Disposable Tableware 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.
Attributes
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Details
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Report Title
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Sugarcane Bagasse-based Disposable Tableware Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Plates, Cups & Glasses, Bowls & Containers, and Trays), and Application (Household, Institutional, and Commercial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bio Futura; Huhtamaki; Genpak, LLC; D & W Fine Pack; Dart Container Corporation; Vegware Ltd; Duni Group; SOLIA; Reynolds Consumer Products LLC; Dispo International; Yash Pakka Limited; Detmold Group; and Visfortec
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Sugarcane Bagasse - based Disposable Tableware Market Segment Insights
Based on type, the sugarcane bagasse-based disposable tableware market is divided into plates, cups & glasses, bowls & containers, and trays. The plates segment is expected to expand at a significant growth rate during the projection period owing to their adoption in the hospitality industry. Players in the hospitality industry want to attract customers by providing biodegradable tableware products due to durability, sturdiness, and extended lifespan.
On the basis of application, the global market is segregated into household, institutional, and commercial. The commercial segment is projected to expand at a considerable CAGR during the forecast period due to the use of sugarcane bagasse-based disposable tableware in the retail and hospitality industry. Players in the food & beverage industry use recyclable and biodegradable materials for the purpose of branding and customer acquisition. Sugarcane bagasse-based disposable tableware offers a sense of well-being to customers through fresh food packaging and serving.
In terms of region, the global sugarcane bagasse-based disposable tableware 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 owing to the rising renewable resources for the production of tableware and neo-ecological movements. The packaging industry in North America emphasize on sustainable use of resources.
Segments
The sugarcane bagasse-based disposable tableware market has been segmented on the basis of
Type
- Plates
- Cups & Glasses
- Bowls & Containers
- Trays
Application
- Household
- Institutional
- Commercial
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Bio Futura
- Huhtamaki
- D & W Fine Pack
- Genpak, LLC
- Dart Container Corporation
- Vegware Ltd
- Duni Group
- SOLIA
- Reynolds Consumer Products LLC
- Dispo International
- Yash Pakka Limited
- Detmold Group
- Visfortec
Competitive Landscape
Key players competing in the global sugarcane bagasse-based disposable tableware market are Bio Futura; Huhtamaki; Genpak, LLC; D & W Fine Pack; Dart Container Corporation; Vegware Ltd; Duni Group; SOLIA; Reynolds Consumer Products LLC; Dispo International; Yash Pakka Limited; Detmold Group; and Visfortec.
These companies adopted development strategies including partnerships, mergers, product launches, restructuring, collaboration, and acquisitions to increase their consumer base worldwide. For instance,
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In July 2020, Yash Pakka announced that Yash Pakka booked a 59.24% growth in profit before tax by providing 100% sustainable packaging solutions. Yash Pakka has been providing packaged solutions including sugarcane bagasse-based products to HMS host, Chai Point, Lite Bite Foods, and Haldirams.