Areca is a very common Asian palm which is found mostly in the tropical area. The demand for areca bowls in the packaging industry is rising continuously as the demand for biodegradable and eco-friendly products are going up.
The elegant, disposable and biodegradable bowls are made of naturally shed leaf sheaths by going through a different process which is on supreme demand as they are eco-friendly alternatives to conventional disposable bowls. The demand for the areca bowls in our daily household and commercial life is growing at a good rate and it is anticipated to show rapid growth soon.
The demand of the areca bowls market is being accelerated continuously because of its unique, variegated and intricate design. The areca bowls are very hygienic and odourless and it does not alter the taste of the food. The bowls are the strongest disposable bowls and these are extremely heat tolerant. These biodegradable bowls are absolutely nontoxic, organic, compostable, sustainable, economical and commercially viable yet stylish.
The disposable areca bowl is a good substitute of plastic, thermocol and paper bowls. These compostable bowls release some important nutrients in the soil after getting composted which helps in fertilization.
One of the major key drivers of the areca bowl market is the growing awareness about the unfavourable effect of plastics products and its immense negative consequence on aquatic and aerial creatures after dumping the products in the sea or any waterbody. Compostable disposables are a viable alternative when used in catering for parties, picnics or other occasions along with an added advantage of no negative impact to the eco-system.
Additionally catering in areca bowls bears a traditional significance on the culture of some regions, especially in Asia-Pacific region. A rise in number of hotels and restaurants and popularity of takeaway meal system is charging up the areca bowl market.
The rising enforcement of environmental laws and the growing need for better waste management is anticipated to create an opportunity for the growth of the areca bowls market in the industry. Especially during this critical time caused by COVID-19 virus people are preferring to use areca leaf dishes which is a use and throw-product instead of other products available in the market.
Though at present there is no any other alternative product which can easily match the features of the areca leaf bowls, but unlike every other product the bowls also have some restraints which can hinder the growth of the areca bowl market in future. The bowls sometimes absorb some liquids which apparently can leak through. These bowls are not uniform in structure- the bottom of the bowl is not flat always and edges can be rough sometimes.
The biggest producing region of the areca bowl market is the Asia Pacific region as the areca tree mainly grows in the tropical region and India is the biggest producer and consumer of the areca tree and its products with over 90% of the worldwide share.
It is liable for more than half of the worldwide production of areca produces with importing different varieties from different nations in huge volume. India has increased its imports from Bangladesh to around three times.
Other than India and other countries in Asia pacific region, the list top exporter of areca bowls includes USA, Netherlands, Germany, Spain, United Kingdom, Australia and Sweden due to the increasing number of hotels and restaurant construction.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Globally the areca bowl market is segmented by product type and end-uses type.
Product Type :
End uses :
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