According to a research study by Future Market Insight, Biodegradable Tableware Market: Rising demand due to environmental awareness, investment in R&D, and concerns over plastic pollution is driving growth globally.
NEWARK, Del., Feb. 29, 2024 (GLOBE NEWSWIRE) — The global market size for biodegradable tableware is poised for significant growth, surpassing US$12.2 billion in 2024. Sales of biodegradable tableware are expected to increase CAGR of 4.3% from 2024 to 2034. By 2034, the demand for biodegradable tableware is expected to achieve a 22.7 billion US dollars.
Growing awareness of environmental pollution is driving the market for biodegradable tableware. Biodegradable dinnerware is gradually becoming more producible and usable, and there are an increasing number of green companies emerging. The expansion of the biodegradable dinnerware market is supported by increasing awareness of the harmful consequences of plastic, including those to aquatic species and birds.
Growth in the biodegradable cutlery market is supported by increasing investment in research and development of biodegradable materials and by increasing consumer awareness of the uses of plastic and other harmful foodware. The biodegradable cutlery market is likely to face hurdles due to consumer behavior regarding the use of biodegradable cutlery as these products are more expensive than traditional crockery and cutlery. The market for biodegradable tableware is likely to be hampered by its high cost.
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Regional forecasts
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Growing populations, increasing disposable income, and increasing environmental concerns have led to the rapid adoption of biodegradable tableware in the Asia-Pacific region.
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The demand for biodegradable tableware is increasing as consumers become aware of and support environmentally friendly products. Europe leads the world in stringent legislative frameworks that encourage sustainable practices.
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Biodegradable tableware is a growing market in North America due to creative product options, corporate sustainability initiatives, and consumer desire for sustainable options.
“Increasing environmental concerns have driven the growth of the biodegradable and disposable tableware market. Innovation and expansion in the biodegradable dinnerware market is driving consumer demand for environmentally friendly alternatives. This trend is supported by regulatory support and sustainability initiatives, which indicate growth opportunities Futurist Ismail Sutaria is Senior Packaging Consultant at Future Market Insights (FMI).
Main sockets
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The trays segment in the product type category will gain a share of 46.6% in 2024.
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In the end-use category, the commercial use segment will have a market share of 62.4% in 2024.
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The biodegradable tableware industry in India is expected to grow at a CAGR of 7.1% between 2024 and 2034.
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China's sales of biodegradable tableware are expected to grow at a compound annual growth rate of 6.7% until 2034.
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The biodegradable tableware market in South Korea is likely to show a CAGR of 5.8% until 2034.
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The biodegradable tableware market in Japan is likely to exhibit a CAGR of 5.6% until 2034.
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The US biodegradable tableware market is expected to develop at a CAGR of 4.9% until 2034.
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Canadian sales of biodegradable tableware are expected to grow at a compound annual growth rate of 4.3% through 2034.
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The biodegradable tableware market in Germany is expected to develop at a CAGR of 3.9% from 2024 to 2034.
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The UK biodegradable tableware industry is expected to grow at a CAGR of 3.7% between 2024 and 2034.
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Competitive scene
The market is dispersed, with major biodegradable tableware vendors accounting for 15-25% of global manufacturing. To gain a competitive advantage, leading biodegradable tableware providers are focusing on growing their global presence, expanding their product offerings, and accelerating new product development.
Major manufacturers of biodegradable tableware
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Hotamaki Oyig
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Lollicub USA Inc
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VIGUER LIMITED.
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Dart Container Company
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Soliya Company
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Huge
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Dixie Consumer Products LLC
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Donnie is a father
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Graphic Packaging International, LLC
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Bacovis AG
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Babstar Limited
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Dispo International
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Genpak LLC
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Natural tableware
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Environmental Products, Inc
The latest developments
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As its sustainable partner, Blinkit, an instant delivery service company in India, and CHUK, a biodegradable catering ware brand, joined forces in February 2022. As part of CHUK's vision of a world where biodegradable cutlery becomes the norm, our partnership aims to address India's need Growing sustainable tableware.
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An Indian government body called the Defense Research and Development Organization (DRDO) introduced biodegradable packaging materials made from natural and plant-based food materials in July 2021 to eliminate single-use plastic.
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Main sectors
By product type:
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Plates
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Bowls
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Glasses
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Trays
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Tableware
According to the article:
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Pulp and paper
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Bioplastic
By application packaging:
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food
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Drinks
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Soft drinks
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Non-carbonated drinks
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By end use:
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Commercial use
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Full service restaurants
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Quick service restaurants
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Catering
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Other (cafes, lounges, etc.)
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Institutional use
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Home use
By region:
author
Ismail Sutaria (Principal Packaging and Materials Consultant) has over 8 years of experience in market research and consulting in the field of packaging and materials. Ismail's strength lies in identifying a client's key challenges and providing logical, actionable insights to empower clients with strategic decision-making power.
Ismail has been an essential part of many transformational consulting assignments. His core skills include competitive performance measurement, opportunity assessment, macroeconomic analysis, and business transformation consulting. Ismail holds an MBA in Marketing and holds a Bachelor's degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. provides (ESOMAR Accredited, Stevie Award Winner and Member of the Greater New York Chamber of Commerce) Deep insights into the driving factors driving market demand. FMI is a leading global provider of market information, advisory services, advisory and events for the packaging, food and beverage, consumer, technology, healthcare, industrial and chemical markets. With an extensive team of more than 400 analysts worldwide, FMI provides global, regional and local expertise in diverse areas and industry trends across more than 110 countries.
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