The rise in food takeout and home delivery, driven by the growing millennial population and longer working hours, has led to a surge in the use of biodegradable bagasse bowls. This cultural shift towards outdoor eating and eco-friendly lifestyles has increased the demand for disposable, sustainable tableware.
NEWARK, DE / ACCESSWIRE / September 16, 2024 / The global sales of bagasse bowls are projected to experience significant growth over the coming decade, with estimated sales of USD 1.3 billion in 2021, expected to rise to USD 2.4 billion by 2031. This marks a CAGR of 6.4% between 2021 and 2031, according to the latest market analysis. In 2020, the bagasse bowls market generated USD 1.2 billion in revenue.
The surge in demand for biodegradable and compostable bagasse bowls is primarily driven by the growing environmental awareness and the shift toward adopting sustainable packaging products. As concerns over the adverse effects of plastic usage continue to rise, consumers and businesses are increasingly seeking eco-friendly alternatives, such as bagasse, which is derived from sugarcane waste.
Governments and regulatory authorities worldwide have implemented stringent policies to reduce the use of single-use plastics, which has further accelerated the adoption of bagasse-based products. These regulations, combined with a strong consumer shift towards renewable resources and environmentally responsible purchasing, are contributing to the growing appeal of bagasse bowls, particularly among eco-conscious consumers.
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Understanding the Bagasse Bowls Market
Bagasse bowls are eco-friendly, biodegradable bowls made from bagasse, which is the fibrous residue left after sugarcane stalks are crushed to extract their juice. These bowls are often used as a sustainable alternative to foam and plastic containers, especially in food service industries, because they are compostable, renewable, and can handle both hot and cold foods. Bagasse bowls are popular in eco-conscious settings as they reduce waste and environmental impact.
"Bagasse bowls are becoming a popular eco-friendly choice for sustainable packaging. As the demand for green solutions rises, the bagasse bowls market is set to grow significantly, driven by their biodegradable nature and the increasing shift towards environmentally conscious consumer practices." Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Key Takeaways From the Bagasse Bowls Market:
In 2020, the revenue from bagasse bowls reached USD 1.2 billion.
Environmental conservation policies, increased restrictions on plastic usage, and growing public awareness are driving the shift towards bagasse bowls.
The rise in food takeout and delivery services, influenced by millennials and long working hours, has boosted the demand for biodegradable bagasse bowls.
The demand for eco-friendly tableware solutions has created favorable conditions for the growth of the bagasse bowls market.
Challenges include the low cost of plastic alternatives and limited market availability of bagasse bowls, which may hinder market growth.
India is expected to dominate the bagasse bowls market by the end of the forecast period due to its emphasis on biodegradable materials for the foodservice sector, driven by the durability, hygiene, safety, and eco-friendliness of bagasse products.
Prominent Drivers of the Bagasse Bowls Market:
Rising Demand for Eco-Friendly Packaging: With growing environmental awareness, consumers and businesses are increasingly seeking sustainable alternatives to traditional plastic packaging. Bagasse bowls, made from sugarcane byproducts, are a popular choice due to their biodegradable and compostable nature.
Regulatory Support and Policies: Governments worldwide are implementing stricter regulations and bans on single-use plastics. Policies promoting the use of biodegradable and compostable materials are driving the adoption of bagasse bowls as a viable alternative.
Increasing Consumer Preference for Green Products: Consumers are becoming more conscious of their environmental impact and are favoring products that contribute to reducing plastic waste. The shift towards eco-friendly and natural products is boosting the demand for bagasse bowls.
Growth in the Foodservice Industry: The expansion of the foodservice industry, including restaurants, cafes, and catering services, is driving the need for disposable and sustainable food packaging solutions. Bagasse bowls are being adopted for their functionality and eco-friendliness in these settings.
Innovation in Product Design and Functionality: Advances in manufacturing technology and product design have improved the quality and versatility of bagasse bowls. Innovations that enhance their durability, aesthetic appeal, and performance in various applications are attracting more customers and expanding their market presence.
Competitive Landscape
Global Players:
Huhtamaki Oyj
Eco-Products, Nature-Ware
Natural Tableware
Genpack LLC
Duni AB
Pactiv LLC
Gold Plast S.p.A.
Vegware|
Dart Container Corporation
Meshline Manufacturing Inc.
Wasara Co. Ltd.
Key Segments of Bagasse Bowls Market Covered in the Report
By Product Type:
Less than 12 oz.
13 - 16 oz.
More than 16 oz
By Sales Channel:
Direct sales
-
Indirect sales
Departmental Stores
Specialty Stores
E-Commerce Sales
Others
By End-use:
-
Commercial
Food Vendors
Restaurants
Hotels and Cafes
Catering Purposes
-
Institutional
Educational Institutions
Hospitals
Airport/ Rail Stations
Offices
Residential
By Region:
North America
Latin America
Europe
East Asia
South Asia
The Middle East and Africa
Oceania
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
Have a Look at Related Research Reports on the Packaging Domain:
The growing demand for eco bowls reflects a shift towards sustainable practices, driven by consumers' increasing awareness of environmental impact and preference for eco-friendly alternatives in food packaging.
The molded fiber bowl market is experiencing robust growth, driven by increasing consumer demand for eco-friendly, sustainable packaging solutions and heightened awareness of environmental impacts associated with traditional materials.
Easy-to-clean sink bowls minimize the effort required for regular maintenance, ensuring a hygienic environment with reduced chances of bacterial growth.
The growing trend for health-oriented eating and increasing demand for portion-controlled servings continue to show growth in the market, and bowl cans are perfectly suited for single-serve meals and snacks.
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.
The demand for sugarcane fiber bowls is rising as eco-conscious consumers seek sustainable, biodegradable alternatives to plastic packaging, driving growth in the environmentally friendly food service industry.
The usage of bagasse disposable cutlery offers an eco-friendly alternative to plastic utensils, promoting sustainability by utilizing biodegradable sugarcane waste, reducing environmental impact, and supporting waste management efforts.
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 USD 17.7 million in 2023.
The adoption of bagasse tableware product in Western Europe is on track to exhibit a CAGR of 2.80% through 2033. In 2023, this industry is poised for a substantial breakthrough, with a projected value of USD 729.5 million.
The bagasse tableware product ecosystem in Japan is poised for substantial growth through 2033, with the rapid adoption of this solution in both the Kanto and Chubu regions. However, the anticipated growth rate for Japan as a whole is a CAGR of 4.20% through 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analystsworldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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SOURCE: Future Market Insights, Inc.
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