The global cassava bags market are anticipated to rise at a CAGR of 7.6% during the forecast period. The market revenue is likely to be valued at USD 66.93 million in 2023 and exhibit a revenue growth of USD 139.23 million by 2033.
The production of a low oxygen transmission rate essential for maintaining health and safety is estimated to surge the sales of cassava bags. However, the adoption of cassava bags is rising as it takes only a few minutes to dissolve in hot water without spreading harmful chemicals. Cassava bags are safer for marine life and are anticipated to increase the global market share during the forecast period.
Rapid urbanization, improved lifestyles, and consumer preference changes are anticipated to create revenue opportunities to support market growth. These factors pique the interest of eco-friendly consumers and are likely to surge the global market trends.
The deployment of cassava bags is being considered in the food and beverage industry. Due to online food delivery services and a rising stack of plastic take-out containers and bags - the need for bio-degradable packaging solutions is surging. Therefore, the food industry is likely to grow in the market in recent years.
These bags lower the volume of carbon dioxide, which is estimated to grow cassava bags in the market. The cosmetic industry is considering using cassava bags, owing to the rapidly increasing global demand for cosmetic products. For instance, L’Oreal partnered with EcoNest PH to develop honeycomb paper wraps made of sustainable, recyclable materials.
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As environment protection regulations become stricter, the requirement to replace plastic and the tedious management of the overall percentile of pollutant waste becomes vital. The Government is also making initiatives and plans to secure the environment, which is expected to increase the adoption of cassava bags.
The reusable nature of cassava bags makes them eco-friendly and ideal for various uses, such as shopping and traveling. Moreover, cassava bags are light in weight, which allows consumers to carry them for longer periods. These pivotal factors are driving the custom global market growth.
The manufacturing process of cassava bags is fruitful as it consumes less energy. It also reduces the waste amount production rate by breaking down the chemical formula in 4 to 6 weeks. It is a crucial feature that has supported market growth in recent years.
When discarded, cassava bags are safe to be consumed by microorganisms. It helps in maintaining the environmental cycle. Therefore, as regular packaging solutions in the industry, the demand for cassava bags is likely to rise.
The manufacturing process of cassava bags requires complex processing work. Moreover, it further involves the installation of expensive equipment. These factors are likely to hamper global market growth.
Cassava bags may sometimes produce methane in landfills, which can be harmful to the environment and is likely to hinder and create difficulties for the market in the future. Additionally, due to the problem of differentiating between biodegradable and non-biodegradable materials, there is always a risk of contamination.
These are estimated to generate further challenges for global market growth. However, cassava bags require accurate weather to decompose when discarded as they do not account for herbicides and pesticides, which is expected to hinder consumer adoption.
Several strict legislative actions by governments across the globe on the use of plastic bags are likely to create opportunities for cassava packaging. It has resulted in the innovation of various substitutes for plastic bags and presents lucrative opportunities for market players in the future.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 7.6% |
| Market Valuation (2023) | USD 66.93 million |
| Market Valuation (2033) | USD 139.23 million |
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The Asia Pacific holds a leading market share due to its high population. Furthermore, the rising disposable income and the shift in consumer preference are growing awareness about the harmfulness of plastic in the region. Additionally, increasing processed food consumption by end users is likely to support market growth.
Cassava bags are manufactured in different parts of Asia Pacific as it is environmentally safe and maintain the quality of packed food. Thailand, Indonesia, China, and Vietnam are the leading cassava producers and have also developed lightweight cassava bags to export all around the regions in recent years. China produces Biofuel from cassava extract, which is a great step forward in reducing GHG (Greenhouse Gases) & reducing the dependency on export fuel.
In recent years, the textile industry has grown by adopting cassava to improve threads' smoothness and increase cassava bags' quality in the Asia Pacific.
The North American market is likely to show decent growth during the forecast period. It is expected to generate a revenue of 26% in the global market share in 2023. North America has witnessed a significant shift in consumer preference due to growing environmental protection awareness. Moreover, the region exhibits the highest consumption of packaged products, which further contributes to market growth.
In addition, Brazil is the largest producer in the global market, adopting positive measures to avoid dangerous plastic in the country. The beauty industry is expanding, and the growing hospitality industry is also taking accountability for the global market’s growth.
South Africa is also in a queue to produce cassava plants with the help of the SHA (Self Help Africa) NGO in 2016. The NGO is helping plant cassava by providing cassava seeds to the farmers to pay their bills. In Nigeria, bakery shop owners use cassava flour to make bread at a lower cost as it doesn’t require extra sugar and other ingredients for the baking process. It has reduced production costs and acquired more revenue through it in recent years.
Consumers are becoming increasingly aware of the importance of using eco-friendly products to protect the environment. The last several decades have witnessed a significant proliferation of plastic bags, adversely affecting the earth’s atmosphere and troposphere.
Key market players in the global market are, hence, continually producing innovative bags made from cassava of different colors, designs, etc. Start-up companies are also contributing to market growth with their strategies.
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The importance of environmental sustainability and the presence of several market players is likely to increase the competition and drive market growth. Mergers & acquisitions are further expected to garner consumer demand and expand the global market size.
Some Recent Developments are:
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Type, Category, End User, Region |
| Key Companies Profiled | SainBag; No Plastic International Pty Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
North America is projected to emerge as a lucrative market.
The growth potential of the global market is 7.6% through 2033.
The complex working process is likely to limit market growth.
North America is likely to secure a share of 26% by 2033.
The market is estimated to secure a valuation of USD 66.93 million in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Grip-Hole 5.2. T-Shirt 5.3. Garbage 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Category 6.1. Organic 6.2. Conventional 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Food & Beverages 7.2. Animal Feed 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Envigreen Biotech India Pvt. Ltd 18.2. Biogreen Bags Co. Ltd 18.3. Avani Eco Affinity Supply Co 18.4. Biopac India Co. Ltd 18.5. SainBag No Plastic International Pty Ltd. etc. 18.6. Affinity Supply Co. 18.7. IMillionotplasticbag 18.8. SandBag 18.9. Baolai Packaging Co., Ltd. 18.10. Urban Plastik Indonesia 19. Assumptions & Acronyms Used 20. Research Methodology
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Cassava Bags Market
