The global sugarcane fibre bowls market is expected to be valued at USD 45 billion in 2023 and is anticipated to expand at a CAGR of 5.6%. Owing to the technological advances in packaging the market is likely to surpass USD 78 billion by 2033.
| Attribute | Details |
|---|---|
| Sugarcane Fiber Bowls Market (2023) | USD 45 billion |
| Sugarcane Fiber Bowls Market (2033) | USD 78 billion |
| Market CAGR (2023 to 2033) | 5.6 % |
Other factors supporting the sugarcane fibre bowl market growth are-
Sugarcane fiber bowls are 100% natural, chemical-free, and eco-friendly used in many end-use industries. Majorly sugarcane fiber bowls are used in the food &beverage industry specifically in restaurants.
These sugarcane fiber bowls are the best alternative for plastic and polystyrene. Sugarcane fibre bowls are available in different formats as a classic bowls, coupe bowls, noodle bowls, and others. In addition, these bowls are freezer safe and microwavable.
The sugarcane fibre bowls are made up of leftover pulp of sugar cane so they are 100% compostable and provide an environment-friendly alternative over plastic or foam products.
The sugarcane bowls are stronger than paper bowls and cut-resistant. Significantly changing food & beverage industry and growing government regulation regarding the usage of sustainable packaging solutions to provide an opportunity for market growth. Many food and beverage brands are shifting towards sustainable packaging solutions fuels the demand for sugarcane fiber bowls during the forecast period.
The sugarcane fiber bowls come in different capacity ranges from less than 6oz to morethan 18oz. For instance, the thouy specialist in disposable table ware provides bowls of 350 mL (12 Oz) capacity are deeper and are waterproof and therefore resistant to liquids and can be used for hot or cold preparations.
Europe is expected to provide growth opportunities for the sugarcane fiber bowl market owing to the increased awareness regarding the use of single-use plastics.
France passed new laws to ensure all plastic cups, cutlery, and plates can be composted and made of biologically-sourced materials. Asia Pacific is expected to be the significant shareholder of the global sugarcane fiber bowl market and is projected to witness a fast growth rate during the forecast period. The increased expansion of the food & beverage industry and growing consumer preference for eco-friendly products boost the demand for sugarcane fiber bowls.
FMI research indicates that sugarcane fiber bowl packaging shows great potential for not only durability but improving outcomes for buyers in different areas as sugarcane fiber bowl packaging offers benefits like:
To meet the objectives, the manufacturer of sugarcane fiber bowl offers a wide selection of bowls, in different sizes, and shapes to bring out the best in the packaging industry. With the help of technological advancement the manufacturer has increased the production capacity for sugarcane bowls, and the uninterrupted supply and availability of products will contribute to the growth of the sugarcane fiber bowl market.
The manufacturer of sugarcane fiber bowls is focusing on maximizing the usage of technology involving renewable sources like sugar molasses for production due to increasing environmental concerns. Some of the key market players operating in the sugarcane fiber bowl market are Eco-products Inc, Dine Earth, Green Paper Products, Green Home LLC among others.
For instance, Tight-knit fibers make sugarcane bowls suitable for hot foods such as ramen, soups, and curries and are certified for home and commercial compost.
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Sugarcane Fiber bowls are fully compostable, hence they are widely used globally to reduce plastic waste and methane emissions. Sugarcane fiber bowls as the name suggests are made of sugarcane which is a rapid renewable resource. Sugarcane fiber bowls are strong, cut and grease resistant which makes it a great alternative for plastics or polystyrene.
Sugarcane fiber bowls are sturdier compare to the paper bowls which makes them a great combination of compostability and performance. This is anticipated to fuel the market demand for sugarcane fiber bowls. Composting helps to divert waste from landfills and reduces the footprint on the environment.
Sugarcane fiber bowls are durable and flexible because of the significant amount of starch components involved in the production. These attributes might augment the market demand for sugarcane fiber bowls.
Sugarcane fiber bowls are oven-safe, microwavable and freezer safe. This enables their use for many purposes such as hot and cold food. Increase in e-commerce is likely to have an impact on sugarcane fiber bowls market. Since many restaurants provide food or cater to deliveries in foam bowls, which are hazardous for the environment.
Thus, online deliveries and take away food culture is likely to boost the market demand for sugarcane fiber bowls. Manufacturers are adapting sugarcane fiber bowls due to its benefits of raw material availability and lower environmental impact which provides a broad range of cost-effective options. In addition, delivery of sugarcane fiber bowls due to e-commerce will enhance the accessibility of the product to reach the masses.
Government support to promote the manufacturing of eco-friendly products is providing opportunities to the manufacturers of sugarcane fiber bowls manufacturer. Development in designs of bowls and machinery and equipment for production is likely to increase the market demand for sugarcane fiber bowls.
Moreover, sugarcane fiber bowls are made from the by-product of sugarcane which results in remaining fiber getting processed for tableware products. Thus, it does not require any additional cultivation or maintenance. The sugarcane fiber bowls are 100% compostable which can be used as organic compost. This is anticipated to fuel the growth of sugarcane fiber bowls market.
The Asia Pacific is likely to lead the global demand for sugarcane fiber bowls market owing to its high consumption and large population. India is one of the largest producers of sugarcane which is likely to fuel the growth of sugarcane fiber bowls, Furthermore, increasing awareness and concerns regarding the environment are expected to rise the market demand for sugarcane fiber bowls.
Europe is likely to witness the growth in the sugarcane fiber bowls market due to the population’s awareness regarding plastic hazards. In addition, government regulations such as the ban on single-use plastics are likely to fuel the market demand for greener alternatives.
Key players in the sugarcane fiber bowls market are as follows,
Sugarcane Fiber Bowls Market can be segmented on the basis of type, size, distribution channel and end-use.
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Sugarcane Fiber Bowls Market
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