The market for bagasse tableware goods is predicted to expand by 4.3 percent year over year to US$ 1.95 billion in 2021. This demand for bagasse tableware items will grow, with top-tier players accounting for 25% to 30% of overall bagasse tableware product sales. According to Future Market Insights (FMI), the global bagasse tableware goods market will reach US$ 3.75 billion by 2031, growing at a 6.8% CAGR between 2021 and 2031.
Plastic and Styrofoam are the most affordable and widely used packaging materials, yet they are not environmentally friendly. Bagasse is one of the most environmentally friendly materials for food packaging and service.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7617
Key Takeaways from Bagasse Tableware Products Market
- By 2031, the plates segment is predicted to have a market share of roughly 42% by product type.
- By 2031, the food industry will account for 89 percent of market sales, according to application.
- By 2031, the direct sales segment is expected to account for approximately 66 percent of the market.
- Bagasse tableware is widely used in the commercial, institutional, and residential sectors. During the projected period, the commercial use segment is expected to generate an incremental potential of US$ 1.7 billion.
- The East Asia region is likely to be extremely profitable, while South Asia is expected to outperform other regions with an 8% CAGR during the forecast period.
“Customized eye-catchy eco-friendly bagasse tableware products made from sugarcane residual are becoming increasingly popular for use in institution, commercial, and household sectors. Besides this, growth in quick-service restaurants, mobile food vendors, online food ordering business, and catering services will create attractive prospects for the growth of the market,” says FMI analyst.
Manufacturers’ Continued Efforts to Improve Physical Attributes for Branding to Increase Demand for Bagasse Tableware
Bagasse tableware is gaining popularity as a result of the growing trend of ecological living. Non-biodegradable plastics are being phased out in favour of environmentally friendly bagasse dinnerware.
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-7617
To persuade people to buy natural, eco-friendly products, companies are focusing on introducing unique and eye-catching designs with fresh textures and graphics (on-pack advertising). Bagasse dinnerware is gaining popularity in environmentally conscious cafeterias, the foodservice industry, quick-service restaurants, and catering businesses.
The manufacturers strive to improve the product quality by using cutting-edge technology to extend the shelf life and retain the quality and freshness of products for a longer time. They also target innovative product packaging, aesthetic appearance, and overall presentation to attract the customer’s attention. Therefore, to address the growing aspirations of target customers, the manufacturers are offering customized, distinctive, brand identity-based products, which will boost the bagasse tableware products market.
Bagasse Tableware Products Market Landscape
- Pactiv Evergreen Inc.,
- Dart Container Corporation,
- Duni AB, Genpak, LLC,
- Detpak (Detmold Group),
- Karat by Lollicup,
- Vegware US,
- Eco Products, Inc.,
Greenweimo, among others are the prominent players in the global bagasse tableware products market. The Tier 1 players in the market hold 25-30% in the global bagasse tableware products market.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-7617
Bagasse Tableware Products Market by Category
By material type:
- Plates
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
- Bowls & Containers
- Less than 12 Oz
- 12 Oz to 16 Oz
- More than 16 Oz
- Cups & Glasses
- Less than 6 Oz
- 6 Oz to 12 Oz
- More than 12 Oz
- Trays & Clamshell
- Cutlery (Spoons, etc.)
By application:
- Food
- Fruits & Vegetables
- Processed Food
- Ready-to-eat meals
- Soups
- Others
- Beverages
- Carbonated Beverages
- Non-carbonated Beverages
- Tea & Coffee
- Milk Products
- Juices
By sales channel:
- Indirect Sales
- Departmental & Discount Stores
- Hypermarket/Supermarket
- Specialty Stores
- Online Sales
- Direct Sales
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com