About Biodegradable Tableware
Biodegradable Tableware is a potential alternative to single-use plastics. These products are derived from natural sources and are environment-friendly. Some of the raw materials that include residual by-products of sugarcane extraction, wheat, rice bran, and maize are leveraged to manufacture biodegradable tableware. Biodegradable tableware includes food containers and tableware such as bowls, plates, cups, and meal trays which will decompose within months of being discarded. The increasing adoption of sustainable products in the food and beverage industry is driving the market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Various large and small industry players participate extensively by providing biodegradable products. By upgrading their recycling capabilities and environmentally sustainable approaches, major companies are cultivating their position in the market. With the increase in the adoption of automation and environment-friendly initiatives, many companies form strategic partnerships to gain a competitive advantage and market share and to establish a robust market presence. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Biodegradable Tableware market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pactiv LLC (United States), Huhtamäki Oyj (Finland), Behzist Biodegradable Tableware (Iran), Dart Container Corporation (United States), Vegware (UK), Papstar GmbH (Germany), Bionatic GmbH & Co. KG (Germany), Solia, Inc. (United States), Natural Tableware (Netherlands) and Biotrem (Poland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Reynolds Consumer Products LLC (United States), Dinearth Eco Friendly Tableware (India), Genpak, LLC (United States), Better Earth LLC (United States), Eco Guardian (Canada), Georgia-Pacific LLC (United States) and Lollicup USA Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Biodegradable Tableware market by Type (Plates, Bowls, Cups, Cutlery and Others), Application (Commercial Use and Household Use) and Region.
On the basis of geography, the market of Biodegradable Tableware has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. E-commerce will boost the Biodegradable Tableware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Bamboo will boost the Biodegradable Tableware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Eco-Friendly Food Packaging and Disposable Cutlery in the Food & Beverage Industry and Surge in Manufacturing of Disposable tableware Made from Agricultural Residues.
Market Growth Drivers:
Growing Preference for Environment-Friendly Tableware and Sustainable Alternatives to Single-Use Plastics and Rising Disposable Income of the Population
Challenges:
Incomplete Decomposition of the Biodegradable Tableware Products
Restraints:
Presence of Risk of Contamination
Opportunities:
Increasing Government Initiatives and Encouragement for Biodegradable Products
Market Leaders and their expansionary development strategies
On 13th May 2022, Inno-Pak acquired compostable packaging manufacturer Stalk Market. Through this acquisition, the company expanded its sustainability offerings in North, Central, and South America and meet the growing demand for green packaging.
On 23rd February 2022, CHUK brand partnered with Blinkit, an instant delivery service brand in India, as its sustainability partner. Through this partnership, the brand aims to cater to its growing demand for sustainable tableware in India.
Key Target Audience
Tableware Manufacturers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users, Customers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.