Biodegradable Tableware Market

2019 Analysis and Review of Biodegradable Tableware Market by Product - Plates, Bowls, Cups, Trays, and Cutlery for 2019-2029

  • 2020-04-15
  • REP-GB-11299
  • 38 Tables
  • 168 Figures
  • 248 pages
  • Format: PDF/PPT/Excel
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Biodegradable Tableware Market to Hit US$ 3 Bn in 2021

Packaging is a massive global industry that has been significantly propelled by innovative design solutions. In the recent past, the sustainability trend has exposed the packaging industry to material change. These sustainability-centered initiatives, and the need for change in packaging formats are coupling with other prominent industry trends impacting the packaging industry - evolving consumer preferences, cost constraints, and e-Commerce. Against this backdrop, the global biodegradable tableware market will surpass US$ 3 Bn in 2021. Ecological compatibility and multi-purpose convenience are further poised to be pivotal in shaping market growth over the forecast period of 2019-2029.

Biodegradable Tableware Market Hits US$ 3 Bn Mark in 2019

With growing awareness towards environmental concerns amongst customers, biodegradable tableware is likely to be an apt solution for brand owners using disposable tableware to cater to their customer demand. Biodegradable tableware comes in many types, which can be a convenient alternative format for brand owners to serve a variety of food and beverages. Biodegradable tableware has been witnessing strong demand in the food & beverage industry. Although the biodegradable tableware market is in the introduction stage, it is estimated to reach a valuation of US$ 5.2 Bn in 2029, up from US$ 2.8 Bn in 2019.

Biodegradable Tableware Market - Key Research Findings

  • The global biodegradable tableware market was valued at US$ 2.8 Bn in 2019.
  • Driven by demand due to consumer awareness and stringent government regulations, the market is projected to record a CAGR of 6% during the forecast period.
  • Cups are highly preferred amongst the product types, contributing around half of the global market value in 2019.
  • Paper and pulp continue to have a high share in the biodegradable tableware market, with this highly-used material type contributing nearly 90% market share. However, the demand for bioplastics is expected to grow strong in the future at a CAGR of 7%. PLA, amongst other bioplastic types, is anticipated to generate high demand, whereas, starch-based bioplastics would witness gradual demand increase as the focus shifts from PLA to starch-based bioplastics.
  • Regulatory government vans of plastic and shift from plastic to eco-friendly tableware, in the view of environmental hazards created by plastic, play a crucial role in the growth of biodegradable tableware market.  

Key Factors Shaping Biodegradable Tableware Market

  • Expanding Food Service Industry to Play Crucial Role in Biodegradable Tableware Market

    As the foodservice industry is growing across the globe, it creates humongous demand for biodegradable tableware products such as plates and cups in the market. Rising demand for fast food service restaurants has propelled the growth of the biodegradable tableware market. Easy disposal of biodegradable tableware creates convenience for its users. Furthermore, innovations in the manufacturing of biodegradable tableware using paper & pulp and starch extracted from various natural raw materials will increase production in the biodegradable tableware market.

    That being said, the coronavirus pandemic is having a measurable impact on the foodservice industry, with different segments affected in varying levels. Due to travel restrictions and avoidance of consumers going into larger gatherings, in-restaurant dining is witnessing a notable revenue drop. The foodservice sector runs on fixed operating expenses (OPEX), and, as such, a decline in revenue generation is expected to severely affect businesses, and, in turn, the biodegradable tableware market. FMI finds that, impact of the COVID-19 pandemic would lead to a market standstill and job losses in the biodegradable tableware market.

  • Online Channel  - New Way to Supply with Great Ease

    One of the imperatives to expand the consumer base is by supplying the end products with ease. This is widely done using the Internet. The online channel business reduces mediators in the supply chain and directly gives biodegradable tableware to the clients. Because of this, there is cost reduction, which results in efficient supply. Therefore, producers and suppliers of biodegradable tableware are either using their websites or some other e-Commerce website to sell their items, contributing to an increase in the supply-side driver.

  • Acquisition Strategy to Optimize Brand Value of Biodegradable Tableware Manufacturers

    Acquisition leads a business to add-on the scale to enhance its core business. Inorganic growth through acquisition is a faster and less risky method than organic growth. Due to a business’ saturation in a geographical region, the acquisition of another company can create a pool of opportunities in an untapped market. Acquisition eliminates entry barriers in potential markets. As such, it enhances the brand value of players in the market, and is likely to boost the growth of the biodegradable tableware market, as it also enables to provide better quality products to customers.

Biodegradable Tableware Market Structure Analysis

  • The biodegradable tableware market is a fragmented market, where top players account for around 15% of the global market share.  
  • To sustain market share and have a wide presence across regions, key manufacturers such as Huhtamaki have been following the acquisition strategy to grow their business in the biodegradable tableware market.

Report Metrics

Details

Base Year

2019

Historical Period

2014-2019

Forecast Period

2020-2029

Market Value in 2019

US$ 2.8 Bn

Segments Covered

Product, Material, Packaging Application, End Use, and Region

Regions Covered

North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa

Key Companies

Huhtamaki Group, DUNI AB, Graphic Packaging International, Vegware Ltd., Ecoware Solutions Pvt. Ltd., Genpak LLC, Lollicup USA Inc., Papstar Gmbh, DOpla S.p.A., Goldplast, and DART Container LLC

Growth Drivers

  • Government regulations on the use of single-use plastics to boost demand
  • Growing food service industry

Pulp & Paper Continue to Generate Greater Total Return to Shareholders

Sustainability requirements are advancing at every level of the value chain, with rising scrutiny by social activists, and consumer preference for eco-friendly products. As such, market players will continue to capitalize on pulp & paper for developing biodegradable tableware, over the decade ahead. Around 9 out of 10 stakeholders are inventing in this material. Bio-plastics such as polylactic acid (PLA), and starch-based materials are also attracting stakeholders’ attention. Nevertheless, they would reap superior returns from pulp & paper.

Asian Markets to Attract Noteworthy Investments

Europe, at present, is at the forefront in the global biodegradable tableware market, procuring around a quarter of total revenue. The region is leading the pack when it comes to sustainability; under its “New EU Directive for Single-Use Plastics”, Europe strives to curb the discharge of single-use plastic items frequently found on native beaches. In a similar fashion, countries - China, Thailand, and Indonesia - have announced to completely phase out the usage of single-use plastics in conventional stores. Further, Asia is amongst the leading producers of bio-based materials such as sugarcane and bamboo. FMI finds that, the Asian biodegradable tableware market would hit US$ 2 Bn in 2027. 

Leveraging Biodegradable Waste to Enhance Product Portfolio

Biodegradable tableware is an eco-friendly alternative to tableware products derived from of plastic. Manufacturers are banking on biodegradable waste to produce biodegradable tableware. Bagasse - a residue that remains after utilizing the stalks to extract its juice - rice bran, wheat, and maize, is leveraged to develop biodegradable tableware. For instance, Biotrem has manufactured biodegradable tableware derived from wheat bran. Furthermore, manufacturers are exploring recyclable waste such fallen palm leaves and paper waste in order to broaden the horizon of their product lines.

Cups hold prominent market share

Trays to show greater growth rate

High preference for pulp & paper

Bioplastics to pick momentum

Food remains key packaging application area

Application in beverages to soar

Surging adoption in commercial use

Adoption in institutional use to rise rapidly

How Growth will Unfold

The commercial sector would remain the primary end user, wherein, the consumption of biodegradable tableware is expected to nearly double through 2029. Given the benefits of convenience and hygiene, biodegradable tableware is a favorable option in catering and quick-service restaurants (QSRs), under commercial use. This study further outlines that, the commercial sector would grab around 3/5 of overall market revenue. Market players are also targeting the institutional sector, which would represent a multibillion-dollar opportunity in 2020.

Biodegradable Tableware Market by End Use

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

A recent market report published by FMI on the biodegradable tableware market provides global industry analysis of 2014-2018 and forecasts for 2019-2029. The report 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 biodegradable tableware market, growth prospects of the market are obtained with maximum precision.

Biodegradable Tableware Market Taxonomy

The global biodegradable tableware market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.

Product

  • Plates
  • Bowls
  • Cups
  • Trays
  • Cutlery

Material

  • Pulp & Paper
  • Bioplastics
    • Starch-based Bioplastic
    • Polylactic Acid (PLA)
    • Polybutylene Succinate (PBS)
    • Polyhydroxybutyrate (PHB)
    • Others (PHA, etc.)

Packaging Application

  • Food
    • Fresh-cut Fruits & Vegetables
    • Processed Food Products
    • Ready-to-eat Meals
    • Soups
    • Other Food Products
  • Beverages
    • Carbonated Beverages
    • Non-carbonated Beverages

End Use

  • Commercial Use
    • Full Service Restaurants
    • Quick Service Restaurants
    • Catering
    • Others (Cafés, Lounges, etc.)
  • Institutional Use
  • Household Use

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

What's Included

The report begins with the executive summary of the biodegradable tableware market, which includes a summary of the key findings and statistics of the market. It also includes dominant segments in the global biodegradable tableware market, along with key facts about biodegradable tableware. It also includes graphical representation of the segments according to market size and growth rate.

Readers can find detailed taxonomy and definition of the biodegradable tableware market in this chapter, which will help them understand the basic information about biodegradable tableware present in the market. This section also highlights the inclusions and exclusions, which help readers to understand the scope of the biodegradable tableware market report.

It includes a comprehensive analysis of key trends that are impacting the global biodegradable tableware market.

This section includes the overview on benefits of food service packaging and regulations on plastic along with the product adoption analysis of biodegradable tableware.

This section explains the global market volume analysis and forecast for the biodegradable tableware market between the forecast period of 2019-2029. It includes the detailed analysis of the historical biodegradable tableware market, along with an opportunity analysis for the future.

This section highlights the average pricing analysis of various materials of biodegradable tableware in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.

This chapter explains the key macroeconomic factors that are expected to influence the growth of the biodegradable tableware market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the biodegradable tableware market. This chapter also highlights the key market dynamics of the biodegradable tableware market, which includes the drivers and restraints. This section also includes outlook of the global packaging industry, Porter’s analysis, PESTLE analysis, key industry perspectives and value chain analysis.

This section explains the global market value analysis and forecast for the biodegradable tableware market between the forecast period of 2019-2029. Readers can also find the absolute opportunity for the current year (2019 - 2020), and an incremental opportunity for the forecast period (2019 - 2029).

Based on product, the biodegradable tableware market is segmented into various product types’ plates, bowls, cups, trays and spoons. In this chapter, readers can find information about key attractive segments during the forecast period.

Based on capacity, the biodegradable tableware market is segmented into paper and pulp and bioplastic. In this chapter, readers can find information about key segments during the forecast period.

This chapter provides details about the biodegradable tableware market on the basis of its food and beverage packaging application.

This chapter provides details about the biodegradable tableware market on the basis of its Commercial, Institutional and Household use.

This chapter explains how the biodegradable tableware market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).

This chapter includes a detailed analysis of growth of the North American biodegradable tableware 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 biodegradable tableware.

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 biodegradable tableware market. This chapter also includes the growth prospects of the biodegradable tableware market in leading countries in Latin America such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the biodegradable tableware market based on the product type, material type, packaging application and end use in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, Nordic countries, and the Rest of Europe, are included in this chapter.

This chapter provides information about how the biodegradable tableware 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.

This chapter highlights the growth of the biodegradable tableware market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the biodegradable tableware market in East Asia.

India, Indonesia, Thailand, 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 biodegradable tableware market in this chapter. Readers can find detailed information about the growth parameters of the South Asia biodegradable tableware market during the forecast period of 2019-2029.

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 biodegradable tableware market.

In this chapter, countries growth in biodegradable tableware market across regions is highlighted. The section also highlights data points regarding the growth of the biodegradable tableware market in the countries such as US, Brazil ,India, China, Germany, Australia, South Africa, etc.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the biodegradable tableware 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 biodegradable tableware 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 Huhtamaki Group, Graphic Packaging International, Vegware Ltd., Biotrem, Ecoware Solutions Pvt. Ltd., Genpak LLC, Lollicup USA Inc., Biofutura, Dispo International, Dart Container Corporation and Natural Tableware.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the biodegradable tableware report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the biodegradable tableware 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 Biodegradable tableware market
  • Market Share Analysis
  • Average Selling Price (US$) and Market Growth
  • Key Regulations in Packaging Industry
  • Market Size 
  • Key Trends & Developments
  • Competition & Key Vendor Strategies

Secondary Research

  • Industry Journals
  • Beverage Packaging Industry Growth
  • Regional Metal Packaging Consumption
  • Annual Reports/SEC Filings/Investor Presentations

Primary Interview Splits

Primary Interview Splits biodegradable tableware market synopsis

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