The global bagasse tableware products market is forecast to expand at a CAGR of 6.7% from 2023 to 2032. The market value is projected to increase from USD 2,985.1 million in 2023 to USD 5,230.5 million by 2032.
As per the report, global bagasse tableware product sales revenue totaled USD 2,763.5 Million at the end of 2022. The target market is anticipated to exhibit Y-o-Y growth of 8.0% in 2023.
Demand remains particularly high for bagasse plates in the market and the trend is expected to continue through 2032. The target segment held a share of about 35.0% in 2022 within the global bagasse tableware products industry.
With a market share of around 65.6%, the commercial use segment dominates the global market. For the projection period, the same segment is expected to thrive at a CAGR of about 6.9%.
A new estimation predicts that global sales of bagasse products will rise at a healthy pace. This will help the market generate an attractive incremental growth opportunity of USD 2,467.0 million and expand 1.9x times the current market value during the forecast period.
Key Market-Shaping Factors:
Innovative tableware solutions made from sugarcane residue are known as bagasse tableware products. These tableware solutions are eco-friendly, lightweight, strong, and affordable. They have emerged as ideal eco-friendly alternatives to polystyrene and Styrofoam tableware products.
Growing demand for eco-friendly and biodegradable tableware due to rising need for eliminating plastic usage is expected to boost the global bagasse tableware products industry during the forecast period.
Various bagasse tableware products are available in the market. These include bagasse trays, bagasse plates, bagasse straws, bagasse cutlery, etc. High adoption of these eco-friendly products will boost the market.
Bagasse tableware products are sturdy and versatile and can handle a variety of cold, hot, wet, and oily foods & beverages. They are also biodegradable, grease-resistant, freezer safe, and can withstand higher temperatures.
Thanks to the attractive features of bagasse tableware products, they find application in households, institutions, and commercial establishments such as restaurants, cafes, hotels, etc.
Robust growth of quick-service restaurants due to surging demand for ready-to-eat and on-the-go meals is expected to create lucrative opportunities for bagasse tableware product manufacturers.
Similarly, rising trend of online food ordering across the world will bolster bagasse tableware product sales over the next decade.
Leading food service providers are inclined towards using eco-friendly & compostable packaging solutions such as bagasse packaging to attract more and more customers. This will also help them to comply with strict government regulations.
| Attributes | Key Insights |
|---|---|
| Estimated Global Bagasse Tableware Products Market Size (2023) | USD 2,985.1 million |
| Projected Value (2032) | USD 5,230.5 million |
| Value CAGR (2023 to 2032) | 6.7% |
| Collective Value Share: Top 5 Companies (2022A) | 30% to 35% |
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According to Future Market Insights (FMI), global sales of bagasse tableware products recorded a CAGR of 3.4% from 2017 to 2022. Total market value at the end of 2022 reached around USD 2,763.5 million.
Looking forward, the worldwide market for bagasse tableware products is forecast to exhibit a CAGR of 6.7% CAGR. It is set to total a valuation of USD 5,230.5 million by 2032.
Bagasse, the fibrous residue obtained from sugarcane after the juice has been extracted, has become popular as a sustainable alternative to traditional plastic or paper. The demand for bagasse tableware products is mainly driven by increasing environmental concerns and the growing trend of environmentally friendly and biodegradable packaging.
Increasing consumer awareness about the negative impact of plastic waste on the environment is acting as a catalyst triggering bagasse tableware product sales.
The harmful effects of single plastics, especially in marine ecosystems, have led people, businesses, and governments around the world to seek alternatives that reduce plastic consumption. This has put bagasse table products into spotlight.
Bagasse tableware products, being compostable and made from renewable resources, offer a great solution to solving the plastic pollution problem. They are being increasingly used by end users to reduce pollution and comply with regulations.
Implementation of strict regulations and policies implemented by various countries and regions to prevent plastic pollution will continue to create opportunities for bagasse tableware product manufacturers.
In addition to environmental benefits, bagasse tableware offers several different advantages. It is microwave and freezer safe, oil and water-resistant, and can withstand high temperatures. These advantages make bagasse tableware suitable for a variety of food and beverage applications.
The aesthetic appeal of bagasse with their natural and rustic look has contributed to their popularity in the hospitality, restaurant, and food service sectors. With its unique properties and increasing acceptance in various industries, bagasse tableware products are poised to play an important role in the global shift towards a more sustainable future.
Rising Demand for Environment-friendly Products and Expansion of Food Sector to Boost the Market
The increasing demand for environmentally friendly products and the growth of the food sector have been the main drivers for the growth of the bagasse tableware products industry.
The food sector plays an important role in the development of the market for bagasse tableware products. With the increasing number of restaurants, cafes, and food delivery services around the world, there is a huge need for food packaging solutions that are not only convenient but also sustainable.
Bagasse tableware products are compostable and made from renewable resources, fully meeting the sustainability goals of the food sector. In addition, the food sector is witnessing an increasing trend of environmentally conscious consumers who prefer environmentally friendly options.
Consumer environmental awareness and regulations that promote sustainable practices will also fuel adoption of bagasse tableware products in the food sector. As the focus on environmental sustainability increases, the market for bagasse tableware products is expected to continue to rise and expand.
Overall, the increasing demand for environmentally friendly alternatives and the growth of the food industry will continue to boost the target market.
Branding & Customization of Bagasse Tableware Products Market to Increase Their Demand in Various Sectors:
Branding and customization play an important role in increasing the demand for bagasse tableware in various sectors. The ability to customize and brand bagasse tableware not only adds aesthetic appeal but also offers a great opportunity to align branding and messaging with sustainability goals.
In the food and beverage sector, branding and personalization of bagasse products help businesses create a unique identity and strengthen their brand image. Restaurants, cafes, and catering services can extend brand visibility to customers by adding logos, slogans, or artwork to their packaging.
Further, packaging customization allows businesses to tailor products to specific requirements. For example, restaurants and food service providers can have custom-sized bowls or plates to fit unique menu items. This level of customization increases operational efficiency and customer satisfaction as it ensures the best fit for the food served.
Apart from the food sector, branding and packaging customization have found applications in various sectors. Event planners can, for example, use branded bagasse plates, cups and bowls to enhance the theme and atmosphere of the event.
Corporate offices can demonstrate their commitment to sustainability by adding branded bagasse towels to their canteens or corporate events. Branding and customization of bagasse products have become powerful marketing tools that drives demand in various sectors.
Principal Consultant
| Country | United States |
|---|---|
| Market Share (2023) | 14.0% |
| Market Share (2032) | 11.8% |
| BPS Analysis | -220 |
| Country | India |
|---|---|
| Market Share (2023) | 13.1% |
| Market Share (2032) | 14.6% |
| BPS Analysis | 150 |
| Country | China |
|---|---|
| Market Share (2023) | 8.8% |
| Market Share (2032) | 9.2% |
| BPS Analysis | 40 |
| Country | Germany |
|---|---|
| Market Share (2023) | 5.6% |
| Market Share (2032) | 5.4% |
| BPS Analysis | 20 |
| Country | Italy |
|---|---|
| Market Share (2023) | 4.5% |
| Market Share (2032) | 3.5% |
| BPS Analysis | -90 |
Ban on Single-use Plastic Bolstering Bagasse Tableware Product Sales in Germany
According to Future Market Insights (FMI), the German bagasse packaging market is expected to expand by 2.0x the current market value during the forecast period. This is due to increasing demand for environmentally friendly and sustainable packaging solutions.
The ban on single-use plastics in 2021 by the European government to reduce plastic waste in countries such as Germany, England, and others has been a catalyst for the growth of the bagasse tableware sector.
To reduce plastic waste and comply with EU directives, Germany has banned the sale of single-use plastic items, food containers, straws, and other plastic products from July 2021, according to Earth.Org. This in turn is creating a conducive environment for the growth of the bagasse tableware products industry.
The waste by-product of bagasse tableware products is compostable and biodegradable and can be used again. As a result, end users such as restaurants, hotels, and cafes are increasingly using bagasse products such as bagasse packaging as an alternative to plastic packaging solutions.
Bagasse tableware product sales in Germany are expected to soar at a CAGR of 7.3% during the assessment period. From 2023 to 2032, Germany bagasse tableware products market is likely to create an incremental opportunity of USD 139.9 million.
Availability of Raw Material at Cheaper Prices Making India a Lucrative Market
India bagasse tableware products market is forecast to thrive at a CAGR of 9.2% during the assessment period. This is due to easy availability of raw materials, growing concerns regarding plastic pollution, and rapid shift towards eco-friendly packaging solutions.
The ingredient of bagasse is crushed sugar. High production of sugar in India is a key factor that helps the growth of the bagasse tableware products industry. According to the All India Sugar Trade Association (AISTA), sugar production in India has reached around 350 MMT.
Thus, the availability of sugar at cheaper prices in India makes it an attractive destination for bagasse tableware product manufacturers and this trend is likely to continue during the assessment period.
Similarly, the government's crackdown on plastics in the growing HoReCa sector and increasing use of bagasse packaging will boost demand for bagasse packaging products in India during the projection period.
Versatile Functionality to Keep Demand High for Bagasse Plates in the Market
Based on product type, demand in the market is anticipated to remain high for bagasse plates. As per Future Market Insights (FMI), bagasse plates segment is expected to hold around 35% share of the market in 2023. Further, it is estimated to offer an incremental opportunity worth USD 906.4 million during the forecasted period.
Plates hold a prominent market share in the global bagasse tableware industry due to several important factors that make them a popular choice among consumers and businesses.
Plates are a staple in the food sector, used to serve a variety of meals, including main courses, appetizers, desserts, and appetizers, and offer convenience and functionality. They are made of materials such as plastic, metals, paper, etc.
With rising environmental concerns, end users are gradually shifting towards eco-friendly products such as sugarcane bagasse plates. These biodegradable packaging solutions are gaining wider popularity across restaurants, hotels, and other end-use sectors due to their eco-friendly nature.
Bagasse tableware plates are not only renewable but also biodegradable, as they break down naturally over time, reducing their impact on the environment. These plates are sturdy and can withstand both cold and hot temperatures, making them suitable for a wide range of food and beverage applications.
Bagasse plates are strong and can effectively store hot and cold food products. They can provide a safe and delicious dining experience for consumers without having to compromise the weight and warmth of the distinct flavor and structural integrity.
Bagasse’s natural insulating properties help maintain the temperature of food, keeping it hot or cold for a long time. Plates made from bagasse are replacing their counterparts (plastic plates) and this is tempting manufacturers to strengthen their bagasse plates portfolio to gain profits/
Attracting Benefits Offered by Laminated Bagasse Tableware Products Making them Popular
According to Future Market Insights (FMI), sales of laminated bagasse tableware products are expected to outpace those of non-laminated ones. This is due to their unique features and benefits that meet the needs of consumers and businesses.
The lamination process adds an extra barrier to bagasse-based products, making them more resistant to moisture and oil. This property is very important in the food sector, as it prevents the product from being contaminated or losing its structural integrity when in contact with liquids or fatty foods.
Laminated bagasse tableware products can withstand higher temperatures than non-laminated alternatives, thereby increasing heat resistance. The laminated segment is expected to record a CAGR of 7.3% during the projected years (2023 to 2032).
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Key manufacturers of bagasse tableware products are focusing on facility expansions, product innovations, and promotional activities to increase sales and gain a competitive edge in the market.
Other bagasse tableware product companies utilize strategies such as mergers, partnerships, acquisitions, and price reductions to solidify their position in the target market.
Recent developments by the leading players are as follows:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 2,985.1 million |
| Projected Market Value (2032) | USD 5,230.5 million |
| Anticipated Growth Rate (2023 to 2032) | 6.4% CAGR |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2032 |
| Quantitative Units | Revenue in USD million, Volume in Tonnes, and CAGR from 2023 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Lamination, Sales Channel, Application, End Use, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltic Countries; Middle East & Africa |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Vegware Ltd.; Green Good Pack Inc.; Pactiv Evergreen Inc.; Dart Container Corporation; Genpak, LLC; Material Motion, Inc; Natural Tableware; Eco-Products, Inc.; Karat by Lollicup; Dinearth; Pappco Greenware; Duni Group AB; Bio Futura B.V.; Detpak (Detmold Group); Greenvale Eco Products; Shenzhen Zhiben Technology Group Co., Ltd.; GREENWEIMO; DevEuro Paper Products LLP; Shanghai Youngpac Biotech Ltd.; Jinhua Zhongsheng Fiber Products Co., Ltd.; Sorcit |
As per FMI, the global market was valued at USD 2,763.5 million in 2022.
The global bagasse tableware products market size is estimated to reach USD 2,985.1 million in 2023.
The worldwide bagasse tableware products industry valuation is expected to reach USD 5,230.5 million in 2032.
The global market for bagasse tableware products exhibited 3.4% CAGR from 2017 to 2022.
Global bagasse tableware product demand is projected to rise at 6.7% CAGR through 2032
The plates segment is expected to garner a significant value share by 2023.
The market in 2023 is valued at USD 2,985.1 million.
The CAGR from 2023 to 2033 is estimated to be 6.7%.
From 2018 to 2022, the market expanded at a 3.4% CAGR.
India is likely to exhibit a 14.6% share through 2033.
Vegaware Ltd., Green Good Pack Inc, and Dineearth are the prominent market players.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (Value in USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2032 8. Market Background 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2032, by Product Type 9.1. Plates 9.1.1. Less than 8 inches 9.1.2. 8 inches to 12 inches 9.1.3. More than 12 inches 9.2. Bowls & Containers 9.2.1. Less than 12 Oz 9.2.2. 12 Oz to 16 Oz 9.2.3. More than 16 Oz 9.3. Cups & Glasses 9.3.1. Less than 6 Oz 9.3.2. 6 Oz to 12 Oz 9.3.3. More than 12 Oz 9.4. Trays 9.4.1. Less than 8 inches 9.4.2. 8 inches to 12 inches 9.4.3. More than 12 inches 9.5. Clamshells 9.5.1. Less than 8 inches 9.5.2. 8 inches to 12 inches 9.5.3. More than 12 inches 9.6. End caps 9.7. Drink Carriers 9.8. Straw 9.9. Cutlery (Spoons, Fork, Knife & Spork) 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2032, By Lamination 10.1. Laminated 10.2. Non-Laminated 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2032, By Sales Channel 11.1. Manufacturers (Direct Sales) 11.2. Retail 11.2.1. Hypermarket 11.2.2. Supermarket 11.2.3. Convenience Store 11.2.4. Specialty Stores 11.3. Distributors 11.4. Online 12. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2032, By Application 12.1. Food 12.1.1. Fruits & Vegetables 12.1.2. Processed Food 12.1.3. Ready-to-eat meals 12.1.4. Bakery & Confectionary 12.1.5. Cereals 12.1.6. Dairy 12.1.7. Others Food Products 12.2. Beverages 13. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2032, By End Use 13.1. Commercial Use 13.1.1. Hotels & Cafes 13.1.2. Full Service Restaurants 13.1.3. Quick Service Restaurants 13.1.4. Venues & Caterings 13.1.5. Mobile Food Vendors 13.1.6. Bakery & Patisserie 13.2. Institutional Use 13.2.1. Schools & Colleges 13.2.2. Offices 13.2.3. Hospitals 13.2.4. Airports & Railways 13.3. Household Use 14. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2032, By Region 14.1. North America 14.2. Latin America 14.3. East Asia 14.4. South Asia & Pacific 14.5. Western Europe 14.6. Eastern Europe 14.7. Central Asia 14.8. Russia & Belarus 14.9. Balkan Countries 14.10. Baltic Countries 14.11. Middle East & Africa 15. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2032 16. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2032 17. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2032 18. South Asia & Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2032 19. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2032 20. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2032 21. Central Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2032 22. Russia & Belarus Market Analysis 2017 to 2022 and Forecast 2023 to 2032 23. Balkan & Baltic Countries Market Analysis 2017 to 2022 and Forecast 2023 to 2032 24. Middle East & Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2032 25. Market Country wise Analysis 2023 & 2032 26. Market Structure Analysis 27. Competition Analysis 27.1. Vegware Ltd. 27.2. GreenGood Pack Inc. 27.3. Pactiv Evergreen Inc 27.4. Dart Container Corporation 27.5. Genpak, LLC 27.6. Material Motion, Inc. 27.7. Natural Tableware 27.8. Eco-Products, Inc. 27.9. Karat by Lollicup 27.10. Pappco Greenware 27.11. Dinearth 27.12. Duni Group AB 27.13. Bio Futura B.V. 27.14. Detpak (Detmold Group) 27.15. Greenvale Eco Products 27.16. Shenzhen Zhiben Technology Group Co., Ltd. 27.17. GREENWEIMO 27.18. DevEuro Paper Products LLP 27.19. Shanghai Youngpac Biotech Ltd 27.20. Jinhua Zhongsheng Fiber Products Co., Ltd. 27.21. Sorcit 28. Assumptions and Acronyms Used 29. Research Methodology
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Bagasse Tableware Products Market
