The bagasse tableware product sales in Korea are projected to experience a CAGR of 6.30% through 2033. The industry in Korea is on the brink of substantial opportunities, with a valuation of US$ 17.7 million in 2023.
Advancements in manufacturing technologies and processes is expected to lead to cost reductions in producing bagasse tableware, making it a more competitive option for businesses. The disposability of bagasse tableware aligns with the growing consumer preference for convenient dining solutions, especially for on-the-go and takeout meals. The adoption of bagasse tableware products in Korea is likely to secure US$ 32.7 million by 2033.
Key Insights - Highlights to Understand Emerging and Fast Growing Opportunities
| Attributes | Details |
|---|---|
| Industry Size in 2023 | US$ 17.7 million |
| Expected Industry Size by 2033 | US$ 32.7 million |
| Forecasted CAGR from 2023 to 2033 | 6.30% |
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By product type, the plates segment is expected to account for a share of 35.50% in 2023. Plates are versatile and widely used for various types of meals, making them a preferred choice for consumers in Korea. They are suitable for both regular dining and special occasions. Korea has seen a surge in dining out, whether at restaurants, cafes, or food stalls. The demand for disposable yet aesthetically appealing plates for these dining experiences is growing.
| Bagasse Tableware Product in Korea based on Product Type | Plates |
|---|---|
| Industry Share in 2033 | 35.50% |
There is a higher demand for disposable plates to serve these meals conveniently, with the increasing popularity of takeout and food delivery services. Bagasse plates offer a sustainable alternative in this context. Plates are essential for communal dining during cultural events, festivals, and celebrations. Korea has a rich cultural heritage with various such occasions, creating a consistent demand for plates.
Based on end use, the commercial segment is expected to account for a share of 64.30% in 2023. Schools and universities often fall under the commercial segment. The institutions require large quantities of tableware for their cafeterias and events, creating a substantial demand for bagasse tableware.
| Bagasse Tableware Product in Korea based on End Use | Commercial |
|---|---|
| Industry Share in 2033 | 64.30% |
A surge in the number of food outlets, including quick service restaurants, fine dining establishments, and cafes, has created a substantial industry for bagasse tableware. Stringent health and hygiene standards in commercial food service require clean and safe dining solutions. Bagasse tableware provides a hygienic alternative to traditional options.
The growth of takeout and food delivery services, both through dedicated platforms and in-house services, has led to an upswing in the requirement for disposable tableware by commercial establishments, and bagasse tableware meets this demand.
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South Gyeongsang is known for its strong agricultural sector. Sugarcane cultivation, one of the primary sources of bagasse, can be a localized source of raw materials for bagasse products, potentially reducing production costs.
An emphasis on seafood and local cuisine, including seafood festivals and events, is expected to drive the use of bagasse tableware in the region, especially in restaurants and food service establishments catering to tourists and locals.
South Gyeongsang has several tourist attractions, such as historic sites, cultural festivals, and natural beauty. The hospitality and food service sector may benefit from the use of bagasse tableware to align with tourism practices.
Given the importance of rice in Korean cuisine and the presence of rice-related festivals, there is a potential demand for bagasse tableware during these events. Bagasse products can align with the cultural emphasis on rice.
North Jeolla is home to several educational institutions, including universities and schools. These institutions represent a significant industry for bagasse tableware, especially in their cafeterias and events.
The presence of local manufacturing facilities for bagasse tableware can lead to reduced transportation costs and potentially more competitive pricing for businesses in the region.
The bagasse tableware industry in the region can be positioned as a choice that aligns with local cultural and traditional practices, making it more appealing to residents and visitors. It has the potential to cater to the demand for disposable dining solutions during special events, festivals, and weddings, enhancing its presence in the industry.
The diverse cuisine in Jeju, including seafood and locally sourced ingredients, is likely to drive the demand for bagasse tableware through 2033, especially in restaurants serving regional dishes.
The bagasse tableware product industry in Korea is highly competitive and evolving rapidly due to increasing environmental consciousness and regulatory support. Leading players, as well as local manufacturers, are driving innovation and diversification of products to cater to a range of consumer and commercial needs.
Recent Developments Observed in Bagasse Tableware Product Industry in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 17.7 million |
| Projected Industry Size by 2033 | US$ 32.7 million |
| Anticipated CAGR from 2023 to 2033 | 6.30% CAGR |
| Historical Analysis of Demand for Bagasse Tableware Product in Korea | 2018 to 2022 |
| Demand Forecast for Bagasse Tableware Product in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Bagasse Tableware Product adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Manufacturers in Korea |
| Key Provinces Analyzed while Studying Opportunities in Bagasse Tableware Product in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Ecoplast; Dongwha Entech; Pulmuone; CJ CheilJedang; Lotte Food; BioGreen; Hanwha Solutions; SK Chemicals; Hyundai Department Store; Lotte Department Store |
The bagasse tableware product industry in Korea is valued at US$ 17.7 million in 2023.
The anticipated CAGR for bagasse tableware product industry in Korea through 2033 is 6.30%.
Demand for bagasse tableware product in Korea is expected to reach US$ 32.7 million by 2033.
Bagasse plates are commonly preferred in the Korea’s bagasse tableware industry.
The commercial segment to remain a key contributor in the bagasse tableware product ecosystem in Korea.
1. Executive Summary 1.1. Korea Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Plates 5.3.1.1. Less than 8 inches 5.3.1.2. 8-12 inches 5.3.1.3. More than 12 inches 5.3.2. Bowls & Containers 5.3.2.1. Less than 12 Oz 5.3.2.2. 12 Oz-16 Oz 5.3.2.3. More than 16 Oz 5.3.3. Cups 5.3.3.1. Less than 6 Oz 5.3.3.2. 6 Oz -12 Oz 5.3.3.3. More than 12 Oz 5.3.4. Trays 5.3.4.1. Less than 8 inches 5.3.4.2. 8 -12 inches 5.3.4.3. More than 12 inches 5.3.5. Clamshell 5.3.5.1. Less than 8 inches 5.3.5.2. 8 -12 inches 5.3.5.3. More than 12 inches 5.3.6. End Caps 5.3.7. Drink Carriers 5.3.8. Straw 5.3.9. Cutlery 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Lamination 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Lamination, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Lamination, 2023 to 2033 6.3.1. Laminated 6.3.2. Non-Laminated 6.4. Y-o-Y Growth Trend Analysis By Lamination, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Lamination, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033 7.3.1. Manufacturers 7.3.2. Retail 7.3.2.1. Hypermarket 7.3.2.2. Supermarket 7.3.2.3. Convince Store 7.3.2.4. Speciality 7.3.3. Distributors 7.3.4. Online 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 8.3.1. Food 8.3.1.1. Fruits & Veg 8.3.1.2. Processed 8.3.1.3. Ready to 8.3.1.4. Bakery 8.3.1.5. Cereals 8.3.1.6. Dairy 8.3.1.7. Others 8.3.2. Beverages 8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033 9.3.1. Commercial 9.3.1.1. Hotels 9.3.1.2. Full Service 9.3.1.3. Quick Service 9.3.1.4. Venue & Cater 9.3.1.5. Mobile Food 9.3.1.6. Bakery & Pastry 9.3.2. Institutional 9.3.2.1. School 9.3.2.2. Offices 9.3.2.3. Hospitals 9.3.2.4. Airport 9.3.3. Household Use 9.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 10.3.1. South Gyeongsang 10.3.2. North Jeolla 10.3.3. South Jeolla 10.3.4. Jeju 10.3.5. Rest of Korea 10.4. Market Attractiveness Analysis By Region 11. South Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Product Type 11.2.2. By Lamination 11.2.3. By Sales Channel 11.2.4. By Application 11.2.5. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Product Type 11.3.2. By Lamination 11.3.3. By Sales Channel 11.3.4. By Application 11.3.5. By End Use 11.4. Key Takeaways 12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Product Type 12.2.2. By Lamination 12.2.3. By Sales Channel 12.2.4. By Application 12.2.5. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Product Type 12.3.2. By Lamination 12.3.3. By Sales Channel 12.3.4. By Application 12.3.5. By End Use 12.4. Key Takeaways 13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Product Type 13.2.2. By Lamination 13.2.3. By Sales Channel 13.2.4. By Application 13.2.5. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Product Type 13.3.2. By Lamination 13.3.3. By Sales Channel 13.3.4. By Application 13.3.5. By End Use 13.4. Key Takeaways 14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Product Type 14.2.2. By Lamination 14.2.3. By Sales Channel 14.2.4. By Application 14.2.5. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Product Type 14.3.2. By Lamination 14.3.3. By Sales Channel 14.3.4. By Application 14.3.5. By End Use 14.4. Key Takeaways 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Product Type 15.2.2. By Lamination 15.2.3. By Sales Channel 15.2.4. By Application 15.2.5. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Product Type 15.3.2. By Lamination 15.3.3. By Sales Channel 15.3.4. By Application 15.3.5. By End Use 15.4. Key Takeaways 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Lamination 16.3.4. By Sales Channel 16.3.5. By Application 16.3.6. By End Use 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Vegware Ltd. 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Green Good Pack Inc. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Pactiv Evergreen Inc. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Dart Container Corporation 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Genpak, LLC 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Material Motion, Inc 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Natural Tableware 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Eco-Products, Inc. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Karat by Lollicup 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Dinearth 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Demand and Trend Analysis of Bagasse Tableware Product in Korea
