Biodegradable Disposable Tableware Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Biodegradable Disposable Tableware Market grew at a CAGR of 5.5% between 2017-2021 and is estimated to be US$ 7,945.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.0% and is expected to reach a valuation of US$ 14,229.4Mn by 2032 end.
Disposable tableware made of biomaterial is portable, hygienic, and lightweight. Biodegradable disposable tableware is a good option for the food service business since it is less expensive than glass tableware, which can be tricky to manage. Customers realize that greener will benefit the environment and that using packaging made of biodegradable materials will appeal to their sensibilities.
Additionally, it enables companies to position themselves as eco-friendly brands and reduce their environmental impact. This is expected to open up chances for businesses to embrace green practices and gain a competitive edge without sacrificing the quality of their products.
E-RETAIL CHANNELS LIKELY TO AUGMENT THE BIODEGRADABLE DISPOSABLE TABLEWARE MARKET GROWTH
Providing customers with easy access to finished goods is one of the requirements for growing the consumer base. The internet is commonly used for this. By reducing players in the supply chain and improving cost-effectiveness, the online channel company increases profit for the end customers.
Costs are reduced, which leads to an abundant supply of goods. Therefore, to increase the supply-side driver, producers and suppliers of biodegradable disposable dinnerware sell their products through their platforms or other e-Commerce supply chains.
The makers may be able to supply comprehensive information about the products with the help of brand promotion on online retailers.
CHALLENGES ASSOCIATED WITH BIODEGRADABLE PLASTICS TO LIMIT THE USE OF BIOPLASTICS
Products’ ability to biodegrade is highly dependent on the environment. Decomposition can occur in various settings, including soil, the ocean, industrial composting, etc. Composting is the method of choice for biodegradation, followed by landfill, soil, freshwater, marine water, etc.
The Biodegradable Polymers Institute in the United States conducted studies on one specific brand and discovered that temperature and humidity significantly impact how quickly biodegradable plastics break down. In cold conditions, the pace of decomposition is slow.
ECO-FRIENDLY PACKAGING SOLUTIONS GAIN MOMENTUM
The biodegradable disposable tableware market is predicted to increase due to the sustainable packaging solutions employed by various sectors. The demand for environmentally friendly packaging has grown with the expansion of numerous sectors. Rising environmental awareness and regulatory restrictions from multiple governments have promoted ecologically friendly packaging materials.
The biggest issue for the government is ineffective trash management as the world’s usage of plastic increases. The European Union’s recently passed single-use plastics legislation is anticipated to promote the use of biodegradable materials.
Since products are constructed of bioplastics and recyclable paper & paperboard that do not harm the environment, this presents a chance for expanding the biodegradable disposable tableware market.
Market Segments Covered in Report
By Packaging Application:
By Region and Country:
Which product is increasing in its demand in the anticipated period?
The plates category dominates the market. As a result of the availability of various types of designs, it is anticipated to maintain its share during the forecast period. Furthermore, disposable paper plates are secure and practical compared to reusable plates that must be cleaned and dried after each use. Dinnerware consisting of paper pulp, such as plates, bowls, cups, trays, and other things, is frequently thrown away. They are commonly utilized since they are biodegradable and kind to the environment.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The leading competitors in the market for biodegradable disposable dinnerware account for 15–20% of global output. The major market players are concentrating on diversifying their product lines, becoming global, and developing new products quickly to obtain a competitive edge.
The recent developments in the Global Biodegradable Disposable Tableware Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product, Packaging Application, Material, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.0%.
E-retail channels likely to augment the biodegradable disposable tableware market growth.
Major global Biodegradable Disposable Tableware Market players are Huhtamäki Oyj, Lollicup USA Inc., Vegware Ltd., Dart Container Corporation, Solia, Inc., Hefty, Dixie Consumer Products LLC, Duni AB, Graphic Packaging International, LLC, Pacovis AG, Papstar GmbH, Dispo International, Genpak LLC, Natural Tableware, Eco-Products, Inc.
Challenges associated with biodegradable plastics to limit the use of bioplastics
Europe is expected to account for the largest market revenue share in the Global Biodegradable Disposable Tableware market.
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