Bagasse Tableware Products - Sustainable and Eco-friendly Alternative to Plastic
Although bagasse tableware is commercially produced for several years, its adoption was relatively slow. In addition, plastic and Styrofoam garnered significant popularity as some of the most accessible packaging materials owing to their low costs. However, in last decade, the demand for sustainable and eco-friendly products grew at a rapid pace owing to ‘green consumerism’. Further, stringent government regulations pertaining to the applications of single-use plastic in several countries worldwide has created a significant demand for bagasse tableware products in recent years. As eco-tourism and the adoption of biodegradable products continue to be on an upward swing, manufacturers are placing their bets on exploring untapped potential of their products. Further, prominent quick-service chains including McDonald’s and Starbucks have expressed their inclination towards sustainable packaging by using fiber-based materials, and the trend is likely to grow in the years ahead. The mounting concerns over the environment, emergence of bagasse products as a ‘greener’ alternative over plastic, and high demand for eco-friendly packaging products from the foodservice industry is likely to fuel the growth of the bagasse tableware market in the foreseeable future.
Bagasse Tableware Products Market – Key Research Findings
The global bagasse tableware products market in 2018 was valued at ~ US$ 1.7 Bn and projected to grow at a CAGR of ~ 6% during the next ten years. Increasing end users’ inclination towards eco-friendly alternatives is expected to propel the growth of the bagasse tableware products market during the forecast period
Key Factors Shaping the Global Bagasse Tableware Products Market
Evolution in the Foodservice Industry Owing to Fast-paced Lifestyle and On-the-go Meal Trend
The foodservice industry is expected to witness a lucrative growth buttress by improvement in the economic condition of the developing countries, fast-paced lifestyle, and rapid urbanization. On-the-go meal trend is increasingly growing across lots of countries. Disposable tableware is projected to be the fastest-growing segment, which includes single-use products that are likely to gain traction. The global bagasse tableware products market growth is fueled by the expansion of quick-service restaurants (QSR) across the globe. Apart from restaurants and cafes, bagasse tableware products are expected to witness lucrative growth opportunities in retail stores, groceries, and convenience stores as they are expanding their offerings by providing ready-to-eat and on-the-go meals. Other factors that give momentum to the growth of market are increased in the consumption of gourmet coffee & specialty cold drinks. Foodservice operators are offering various facilities such as take-out and drive-through to fulfill the increasing number of on-the-go consumers. All these factors are surging the growth of the bagasse tableware products market across the globe.
Changing Business Model of Food & Beverage Service Providers
The increasing number of quick-service restaurants (QSR) across the globe is foreseen to fuel the demand for bagasse tableware products. Cleaning and maintenance of used containers are not incorporated by such foodservice restaurants. These factors help the chain operators to reduce labour costs and utilize the existing pool of resources to enhance quality and customer support. Regional and domestic players worldwide are also adopting a similar business concept. For instance, ~ 72% of restaurant owners/operators buy at least some packaging formats that contain recycled materials, which is further strengthening the demand for bagasse tableware products.
Low Demand for Bagasse Tableware Products as Compared to Conventional Foodservice Disposables
Sustainable packaging and demand for customized bagasse tableware products have led the emergence of improved iterations of products in the market. Despite the appealing designs, added functional properties, and consumer inclination towards novel products, overall demand for bagasse tableware products is low as compared to conventional foodservice disposables.
New packaging formats and foodservice disposables are yet to reach into the bracket of economies of scale, which dissuades foodservice product manufacturers from venturing into this domain. The emergence of novel products in the market adversely affect the profitability of the regional players.
Bagasse Tableware Products Market: Regional Analysis
The European region is expected to remain at the forefront regarding the global bagasse tableware products market share in 2019. The increasing adoption of eco-friendly products by various foodservice operators is likely to boost the market growth in this region. Besides, increasing use of bagasse tableware products for institutional and household use is foreseen to propel the growth of bagasse tableware products market in coming years. Numerous countries in the Europe region are imposing stringent rules & regulations on the use of single-use plastic products to reduce visual pollution. Also, on-the-go consumers are demanding for more convenient products. They are progressively more aware of their choices and opting for sustainable formats such as bagasse tableware products. These factors are probable to offer an optimistic outlook for the bagasse tableware products market in the European region.
The East Asia region is expected to become a highly lucrative region regarding the bagasse tableware products market share by the end of the forecast period. The robust growth of the foodservice industry is translating demand for bagasse tableware products in East Asia region. Consumers’ preference for take-out or ready-to-eat food is increasing, owing to changing lifestyles and growing disposable income. Moreover, corporate work culture leading to out-of-home food habits is also strengthening the demand for bagasse tableware products. In East Asia, China is foreseen to remain dominant by accounting 3/4 of the East Asia bagasse tableware products market share during the forecast period. The notable growth rate of street stalls/kiosks in China is expected to generate significant demand for bagasse tableware products in coming years.
Bagasse Tableware Products Market: Structure Analysis
The global bagasse tableware products market is characterized by the presence of few organized players, which accounts for considerable chunks of the market share. Tier 1 players in the bagasse tableware products market have wide presence and diversified product portfolio. Tier 1 companies contribute significantly to the growth of the bagasse tableware products market. They are anticipated to focus on capacity expansion, product innovation, and improving operational efficiency to match the growing needs of consumers in the market. Tier 2 players are characterized by the decent presence overseas, and a good portfolio of bagasse tableware products. Tier 3 players include most of the unorganized sectors.
Shift towards Sustainable Packaging Intensifies Demand
For several decades, it was close to impossible to pair the terms ‘sustainable’ and ‘packaging’ together. However, in recent times, the importance and growing demand for sustainable packaging sparked a revolution in the packaging world. Further, in the current scenario, consumer trends indicate the growing preference towards sustainable, environment friendly, and biodegradable products. The growing ‘millennial’ population which is highly conscious of the environment, has also significantly encouraged the growth of sustainable packaging solutions.
Over the years, plastic and Styrofoam were the ‘go-to’ packaging materials across several industrial sectors. However, with the onset of biodegradable and eco-friendly alternatives, the potential of bagasse for packaging applications gained traction. In the current scenario, bagasse is primarily used in the production of a range of bagasse tableware products including plates, bowls, and take-away containers. Thus, the demand for sustainable packaging in recent years has significantly boosted the growth of the global bagasse tableware market in recent years. The trend is set to continue in the upcoming years owing to strong influence of the ‘millennial’ population. Further, apart from emerging as an eco-friendly packaging alternative, the benefits of bagasse tableware products including, suitability for hot & cold foods, water repulsive nature, chlorine-free, and more are likely to remain instrumental to their adoption in households as well as commercial sectors.
Stringent Environmental Regulations in Europe Likely to Drive Market Growth
Europe has emerged as a lucrative region with tremendous prospects for the bagasse tableware products market. The growing adoption of eco-friendly products by foodservice operators in the region has played a critical role towards shaping the market landscape. Further, the growing demand for bagasse tableware products for institution and household applications has significantly continues to fuel the market growth. In addition, several countries in Europe have imposed stringent regulations on the use of single-use plastic to curb visual pollution. Furthermore, the growing awareness among consumers over the importance of using eco-friendly products is expected to drive the demand for bagasse tableware products.
Improving Product Quality and Performance - Top Priority for Market Players
In the current bagasse tableware products market landscape, stakeholders are likely to focus on introducing new products with improved features to the market. In their efforts to consolidate a strong position in the market, several companies are likely to innovate with aspects such as design and color to enhance the overall appeal of the product. In addition, sensing the growing demand for sustainable and environment-friendly products especially from the foodservice industry, manufacturers operating in the market are engaged in developing convenient and sturdy bagasse tableware products such as cups, packaging containers, plates, spoons, and more. Apart from devoting resources on product innovation, market players are focusing on their pricing strategies to expand their consumer base.
Anticipating the growing apprehension regarding plastic products and need for sustainable alternatives, several small and medium-sized companies ventured into the bagasse tableware market to fulfil the demand. For instance, Earthware, an Indian brand owned by Visfortec, entered the market in their quest to offer alternative disposable tableware products made from bagasse to the food industry. Furthermore, in 2018, Hydro Produce was one of the first companies in Australia to explore the potential of bagasse as a packaging material.
High demand for plates anticipated
Steady growth expected for bowls & containers
Food packaging at the forefront
Adoption for beverage packaging picks pace
High applicability in commercial sector
Applications for institutional use on the rise
How Growth will Unfold
In the last decade, several countries have joined the race to curb environment degradation and increase the usage of biodegradable and sustainable products. Thus, in the foreseeable future, several companies involved in the packaging space are expected to devote resources towards alternative packaging materials such as bagasse. In addition, concerns regarding the environment coupled with growing consumer awareness are some of the factors that are likely to contribute towards the growth of the bagasse tableware market. The foodservice industry is anticipated to be the top consumer of bagasse tableware products in the coming years, as consumer demand for sustainable packaging and tableware continues to move in an upward trajectory.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Bagasse Tableware Products Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, “Bagasse Tableware Products Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the bagasse tableware products market, the growth prospects of the market are obtained with maximum precision.
Bagasse Tableware Products Market Taxonomy
The global bagasse tableware products market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Product Type
- Plates
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
- Bowls & Containers
- Less than 12 oz.
- 12 oz. to 16 oz.
- More than 16 oz.
- Cups & Glasses
- Less than 6 oz.
- 6 oz. to 12 oz.
- More than 12 oz.
- Trays & Clamshell
- Cutlery
Packaging Application
- Food
- Fruits & Vegetables
- Processed Food
- Ready-to-Eat meals
- Soups
- Others
- Beverages
- Carbonated
- Non-carbonated
- Tea & Coffee
- Milk Products
- Juices
Sales Channel
- Indirect Sales
- Departmental & Discount Stores
- Hypermarket/Supermarket
- Specialty Stores
- Online Sales
- Direct Sales
End Use
- Commercial Use
- Hotels & Cafes
- Full Service Restaurants
- Quick Service Restaurants
- Venues & Catering
- Mobile Food Vendors
- Bakery & Patisserie
- Institutional Use
- Schools & Colleges
- Offices
- Hospitals
- Airport & Railways
- Household Use
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
What's Included
The report commences with the executive summary of the bagasse tableware products market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global bagasse tableware products market, along-with key facts about bagasse tableware products. It also includes graphical representation of the segments according to market size and growth rate.
Readers can find detailed taxonomy and definition of the bagasse tableware products market in this chapter, which will help them understand the basic information about bagasse tableware products present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the bagasse tableware products market report.
The report provides key market trends that are expected to impact market growth significantly in the upcoming years. Detailed industry trends are provided in this section, along with key market developments or product innovations, which is likely to have a significant impact on bagasse tableware products market.
This section explains the global market demand analysis for the bagasse tableware products market between the forecast period of 2019-2029. It includes the detailed analysis of the historical bagasse tableware products market.
This section highlights the average pricing analysis of various material type of bagasse tableware products, in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.
This section explains the global market size for the bagasse tableware products market between the forecast period of 2019-2029. It includes the detailed analysis of the historical bagasse tableware products market size along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains the key macro-economic factors that are expected to influence the growth of the bagasse tableware products market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the bagasse tableware products market. This chapter also highlights the key market dynamics of the bagasse tableware products market, which include the drivers and restraints. Moreover, readers will understand the key opportunities in the global bagasse tableware products market.
Based on product type, the bagasse tableware products market is segmented into plates, bowls & containers, cups & glasses, trays & clamshell, and cutlery. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on packaging application, the bagasse tableware products market is segmented into food & beverages. The food, packaging application type segment is sub-segmented into fruits & vegetables, processed food, ready-to-eat meals, soups, and others. The beverages, packaging application type segment is sub-segmented into carbonated & non-carbonated. In this chapter, readers can find information about key segments during the forecast period.
This chapter provides details about the bagasse tableware products market on the basis of sales channel, and has been classified into direct & indirect sales. The indirect sales channel is further sub-segmented into departmental & discount stores, hypermarket/supermarket, specialty stores, and online sales. In this chapter, readers can find information about key segments during the forecast period.
This chapter provides details about the bagasse tableware products market on the basis of end use, and has been classified into commercial use, institutional use and household use. In this chapter, readers can find information about key segments during the forecast period.
This chapter explains how the bagasse tableware products market is expected to grow across various geographical regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North American bagasse tableware products market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of bagasse tableware products.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America bagasse tableware products market. This chapter also includes the growth prospects of the bagasse tableware products market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the bagasse tableware products market based on the product type, packaging application, sales channel and the end use industry in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX, Nordic, Poland and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, Singapore and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia bagasse tableware products market in this chapter. Readers can find detailed information about the growth parameters of the South Asia bagasse tableware products market during the period 2019-2029.
This chapter highlights the growth of the bagasse tableware products market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the bagasse tableware products market in the East Asian region.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania bagasse tableware products market.
This chapter provides information about how the bagasse tableware products market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.
The section provides market forecast and analysis for emerging countries based on key market segments considered. It also covers market attractiveness analysis by key segments along with the impact of market dynamics and a brief overview of key players active in the region.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the bagasse tableware products market along with their market presence analysis by region and product portfolio.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the bagasse tableware products market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Huhtamäki Oyj, Pactiv LLC, Bio Futura B.V., D&W Fine Pack LLC, Dart Container Corporation, Ecoriti, Packnwood (First Pack), Genpak, LLC, Duni AB, Vegware Ltd., Gold Plast SpA, Pappco Greenware, Ecoware Solutions Pvt. Ltd., Natural Tableware, Novolex Holdings, Inc., Be Green Packaging Llc., Yash Papers Limited, Dispo International, Detmold Group, WASARA Co., Ltd., among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the bagasse tableware products report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the bagasse tableware products market.
How the research was conducted?
Primary Research
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Bagasse Tableware Products Market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Comparative Analysis of Several Bagasse Tableware Products Present in the Market
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
Secondary Research
- Industry Journals
- Food Service Packaging Industry Growth
- Annual Reports/SEC filings/Investor Presentations
Primary Interview Splits
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