Biodegradable Disposable Tableware Market to Garner Brimming Revenues by 2030
Makes Your Purchase Most Cost Effective, Better Order Full Container Load
Stock Code: 000601.SZ
logo_pdf
Industry News

Biodegradable Disposable Tableware Market to Garner Brimming Revenues by 2030

Views : 341
Author : Yilin Zhang
Update time : 2022-04-24 15:22:45
Biodegradable Disposable Tableware Market to Garner Brimming Revenues by 2030

Apr 20, 2022 (Heraldkeepers) -- As the foodservice industry is growing across the globe it is expected to create a demand for biodegradable disposable tableware. Explosion in the number of quick service restaurant and takeaway systems is expected to generate a monumental demand for disposable tableware.

The growing awareness about benefits of sustainable products has also fueled the market in recent years. These are manufactured with bio-based plastic, paper and paperboard, and wood, which makes them completely biodegradable. Growing number of restaurants, cafeterias, and food joints are expected to opt for this kind of tableware as they look for cost-efficient waste management solutions.

The food and beverage industry prefers disposable packaging to avoid washing trouble and convenience it provides to its users. Furthermore, innovations in the manufacturing of biodegradable tableware such as usage of leaf, bagasse, and starch extracted from various natural raw materials will increase production of the biodegradable disposable tableware market.

Key Takeaways of Biodegradable Disposable Tableware Market Study
Paper & paperboard as a material is poised to account for more than 2/3rd of the biodegradable disposable tableware market by 2030

Bio-based biodegradable plastic segment is gaining significant traction as this plastic is made from renewable resources instead of fuels, reducing carbon footprint. The segment is likely to witness a CAGR of 6.1% during the forecast period

Trays are estimated to account for more than 45% of the market share by value during the forecast period

The foodservice industry is estimated to be the key end user of biodegradable disposable tableware and is poised to account for over 60% of the global biodegradable disposable market by 2030

Asia Pacific is estimated to represent an incremental opportunity of over US$ 5Bn by the end of next five years

Significant Availability of Raw Materials to Boost Production of Biodegradable Disposable Tableware in Asian Economies
In order to promote sustainable production of biodegradable disposable tableware and to gain economies of scale, the production and availability of the raw material is an important aspect. Asian countries account for more than 40% of bio-based materials including sugarcane and bamboo used for manufacturing biodegradable disposable tableware. Thus, the region is estimated to provide a steady supply of raw material for manufacturing biodegradable disposable tableware market, thereby augmenting the market growth. This is likely to provide a remunerative opportunity to the regional manufacturers to leverage the raw material availability and expand their production capacities.

"As per data provided by United Nations, more than 8.3 billion tonnes of plastic has ended up in the landfills. Only 9% of plastic is recycled whereas the rest results in polluting the water bodies and natural environment. Single-use plastics such as spoons, cups, and plates are widely used by food service industry are a continuous threat to the environment. Thus, green solutions such as bioplastics or use of disposable tableware made from natural resources is likely to boost the growth of biodegradable disposable tableware market," says an FMI analyst.

Impact of COVID-19 on Biodegradable Disposable Tableware Market
The COVID-19 pandemic has undoubtedly hit the foodservice industry and it is likely to take time before it returns to normalcy. However, with lockdowns relaxing across the globe, re-adapting to the new normal permit opening of foodservice deliveries, cafes, and restaurants generating a demand for biodegradable disposable tableware to avoid cross-contamination.

Customers are going to be more cautious and concerned regarding the hygiene and safety factors than ever before. Since, biodegradable disposable tableware cannot be re-used and reduce the chances of multiple handling, it offers a safe solution to the foodservice industry without negatively impacting the environment. Demand for packaged food in trays and cups is likely to provide lucrative opportunity for the market to grow due to prevailing demand for packaged food, which offer hygienic solution without impacting the quality of the food product.

Biodegradable disposable tableware manufacturers will need to adapt with the global pandemic with contingency plans and understand the vulnerabilities associated with the supply chain. This might result in reducing dependencies on any one country and increasing preference for domestic players for the need of raw materials. The food industry particularly faces disruptions where large proportions of entire categories of food are typically imported using just-in-time logistics.

Biodegradable Disposable Tableware Market Landscape
Huhtamaki Oyj, Graphic Packaging International, LLC and Dart Container Corporation are the top players operating in the biodegradable disposable tableware market. Furthermore, Vegware Ltd, Lollicup USA Inc., Solia, Inc., Hefty, Dixie Consumer Products LLC, Duni AB, Pacovis AG, Papstar GmbH, Dispo International, Genpak LLC, Natural Tableware and Eco-Products, Inc. are some other prominent players in the biodegradable disposable tableware market. The tier 3 players hold 4/5th market share in the global biodegradable disposable tableware market. In conclusion, key players contribute almost 1/5th of the global market.

Source: MarketWatch
Message
feed logo
Welcome to Luzhou Pack. For a free quote, fill in the form bellow now. One of our team members will reply within 12 hours (Due to time zone differance).
*
*
  • Aland Islands
  • Albania
  • American Samoa
  • Andorra
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Bouvet Island
  • Brazil
  • British Indian Ocean Territory
  • British Virgin Islands
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Cambodia
  • Canada
  • Cape Verde
  • Caribbean Netherlands
  • Cayman Islands
  • Chile
  • China
  • Christmas Island
  • Cocos Islands
  • Colombia
  • Cook Islands
  • Costa Rica
  • Cote D'ivoire
  • Curaçao
  • Cyprus
  • Czech Republic
  • Denmark
  • Dominica
  • East Timor
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Falkland Islands
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French Southern Territories
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guam
  • Guatemala
  • Guernsey
  • Guyana
  • Heard Island and Mcdonald Islands
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jordan
  • Kazakhstan
  • Kiribati
  • Korea
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau, China
  • Macedonia
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Myanmar
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niue
  • Norfolk Island
  • Northern Mariana Islands
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestine
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Pitcairn Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Reunion
  • Romania
  • Russia
  • Rwanda
  • Saint Barthélemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Sierra Leone
  • Singapore
  • Sint Maarten
  • Slovakia
  • Slovenia
  • Socialist Republic of Vietnam
  • Solomon Islands
  • South Africa
  • South Georgia and The South Sandwich Islands
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Svalbard and Jan Mayen
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • TaiWan, China
  • Tajikistan
  • Thailand
  • The Republic of Croatia
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Minor Outlying Islands
  • Uruguay
  • US Virgin Islands
  • Uzbekistan
  • Vanuatu
  • Vatican City State
  • Wallis and Futuna Islands
  • Western Samoa
*
*
 
Related News
Read More >>
Plastic and Related Products Regulations 2022 Plastic and Related Products Regulations 2022
Sep .23.2022
The regulations will prohibit the sale and manufacture of certain single-use and hard-to-recycle plastic items from 1 October 2022.
Canada is banning single-use plastics, including grocery bags and straws Canada is banning single-use plastics, including grocery bags and straws
Sep .07.2022
Canada is banning the manufacture and importation of single-use plastics by the end of the year, the government announced on Monday, in a major effort to combat plastic waste and address climate change.
Which Australian states are banning single-use plastics? Which Australian states are banning single-use plastics?
Aug .17.2022
The ACT Government’s ban on single-use plastic cutlery, drink stirrers and polystyrene food and beverage containers commenced 1 July 2021, with straws, cotton bud sticks and degradable plastics phased out on 1 July 2022.
Do single-use plastic bans work? Do single-use plastic bans work?
Aug .11.2022
The problems caused by plastic waste are rapidly increasing around the globe, but it still serves a useful purpose in food packaging. Can plastic still be a green option?
100% Compostable Clamshell Boxes
100% Compostable Clamshell Boxes
Since it's Made from 100% Sugarcane Fiber, the Container can be Commercially Composted (no need to send it to a landfill)
Read More
100% Compostable Plates
100% Compostable Plates
Our compostable plates are perfect for large family dinners, wedding parties, catered events, picnics, etc.
Read More
100% Compostable Compartment Trays
100% Compostable Compartment Trays
Various choice from 3 to 6 compartment tray.
Read More
100% Compostable Bowl
100% Compostable Bowl
Sealed great, no worries to take-out. Temperature range from -20℃ to 200℃.
Read More