Biodegradable Tableware Market Report, Opportunities, Statistics, COVID-19 Impact, and Forecast by 2030
Market
Overview
Biodegradable disposable tableware
is lightweight, hygienic, and convenient. Biodegradable disposable tableware is
an apt solution for the food service industry as it is cost-effective compared
to tableware of glass, which can be difficult to handle. Consumers recognize
that becoming more sustainable can have a positive impact on the environment,
and packaging made up of biodegradable material has a positive impact on the
customers' minds.
There has been an increase in the
pace of industrialization is a major factor accelerating the growth of the
biodegradable tableware market. Rising awareness regarding the ill effects of
plastic tableware and the benefits of environmentally friendly tableware,
increasing adoption of non-toxic and petroleum-free products, increasing
disposable income, and extending investment in research and development are
some of the factors which will also enhance the growth of the biodegradable tableware market report in the forecast period of 2022 to 2030. However, the
increasing prices of biodegradable products and lack of awareness in some
economies will hamper the market's forecast growth, as mentioned above.
Biodegradable tableware is a
compostable and biodegradable product designed to reduce methane emissions as
they are made from renewable resources such as sugarcane, bamboo, paper, and
others. Tableware contains bowls, plates, and cups that offer many benefits,
suitable for hot and cold beverages, high strength, and performance.
Environmental awareness among the
population is driving demand for sustainability and reducing the impact of
packaging on the environment. Consumers' interest towards sustainability has changed
drastically in the last decade and is likely to continue in the years to come.
The market trends suggest that the biodegradable tableware market overview is expected to be growing at a growth rate of 6.45%
for the forecast period.
Market
Segmentation
The biodegradable tableware market
is segmented based on material, product type, and distribution channel. The
growth amongst the biodegradable tableware market segments will help you
analyze meager growth segments in the industries and provide the users with a
valuable market overview and market insights to help them make strategic
decisions to identify core market applications.
- The biodegradable tableware market is segmented
into paper, bagasse, bamboo, palm leaf, wheat bran, etc. Others have been
segmented into wheat, straw, paper, and pulp.
- The biodegradable tableware market is segmented
into cups, plates, bowls, silverware, and others based on product type.
- The biodegradable tableware market is segmented
online and offline based on the distribution channel. Offline has been
segmented into large-format stores, specialty stores, and small retail
stores. Large format store segments have been sub-segmented into
hypermarkets, supermarkets, and departmental stores.
Regional
Analysis
Asia-Pacific dominates the
biodegradable tableware market because of the increasing pace of
industrialization and rising consumer preferences in this region. North America
is one of the fastest-growing regions for biodegradable tableware due to the
increasing adoption of non-toxic and fossil oil-free merchandise.
The biodegradable tableware market
has some prominent market players that are mentioned as follows:
- Biotrem
- Pactiv LLC
- Eco-Products, Inc.
- Huhtamaki
- PAPSTAR GmbH
- Georgia-Pacific
- SOLIA
- Natural Tableware
- Dupla SpA
Industry
News
The European market had dominated
the Global Biodegradable Tableware Market in 2021 and is anticipated to follow
the same trend owing to factors such as rising concerns related to the
ill-effects of plastic tableware, rising emphasis on non-toxic and
petroleum-free products, stringent rules & regulations on the use of
single-use plastic products, rapid acceptance of take-aways and online food
services and increasing preference for environment-friendly tableware.
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