The global bagasse tableware market is expected to reach US$ 356.7 million by 2030, with an annual growth rate of more than 6.5%. The market is driven by the increasing demand for sustainable alternatives to traditional plastic tableware, the growing awareness of the environmental impact of plastic waste, and the rising demand for eco-friendly products among consumers.
Wilmington, Delaware, Nov. 23, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s most recent industry analysis, the Global Bagasse Tableware Market value is estimated at US$ 226.7 million in 2023 and is expected to rise at a strong CAGR of over 6.5% over the forecast period of 2023-2030. Disposable Cup
Market Definition, Market Scope, and Report Overview
Bagasse dinnerware is disposable tableware produced from bagasse, a fibrous waste left over when sugarcane or sorghum stalks are crushed to obtain juice. Bagasse is a renewable resource, and using it to make dinnerware is a more environmentally responsible alternative to standard throwaway items made of materials such as plastic or Styrofoam.
As customers become more aware of their environmental impact, there is a growing desire for items that are both useful and environmentally beneficial. Bagasse tableware fits this requirement and appeals to consumers looking for environmentally friendly solutions.
According to a deep-dive market assessment by RationalStat, the global Bagasse Tableware market has been analyzed on the basis of market segments, including type, lamination, application, end use and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global Bagasse Tableware market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons and Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global Bagasse Tableware market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Bagasse Tableware Market: Segmental and Market Share Analysis
On the basis of type, plate segment is anticipated to lead the market over the forecast period.
On the basis of lamination, the laminated bagasse tableware segment is predicted to dominate the market due to its unique features and benefits that satisfy the needs of consumers and companies.
Increased usage in food service sector
Surging demand for sustainable and eco-friendly tableware
D&W Fine Pack
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global bagasse tableware market include.
In December 2022, Dinearth established third manufacturing unit for bagasse-based tableware.
Some of the prominent players and suppliers operating and contributing significantly to the global bagasse tableware market growth include Huhtamäki Oyj, Pactiv LLC, Bio Futura., D&W Fine Pack, Dart Container Corporation, Ecoriti, Packnwood, Genpak LLC, Duni Group, Zhejiang Jiaxing Jiame, Fujian Fuan Xingye, and Gold Plast SPA, among others.
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RationalStat has segmented the global bagasse tableware market based on type, lamination, application, end use and region
Global Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Type
Global Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Lamination
Global Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Application
Global Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by End Use
Global Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Region
North America Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Country
Latin America Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Country
Western Europe Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Country
Eastern Europe Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Country
Asia Pacific Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Country
Middle East & Africa Bagasse Tableware Market Value (US$ Million), Volume (Tons and Units), and Market Share (2019-2030) Analysis by Country
Rest of the Middle East & Africa
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Key Questions Answered in the Bagasse Tableware Report:
What will be the market value of the global Bagasse Tableware market by 2030?
What is the market size of the global Bagasse Tableware market?
What are the market drivers of the global Bagasse Tableware market?
What are the key trends in the global Bagasse Tableware market?
Which is the leading region in the global Bagasse Tableware market?
What are the major companies operating in the global Bagasse Tableware market?
What are the market shares by key segments in the global Bagasse Tableware market?
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