Global Biodegradable Tableware Market is Expected to Foresee Significant Growth During the Forecast Period. Asia-Pacific to Witness the Highest Growth
- Vikas Kumar
- April 1, 2022
- CONSUMER GOODS, NEWS
- Biodegradable Tableware Market Growth, Biodegradable Tableware Market news, Biodegradable Tableware Market share, Biodegradable Tableware Market Size, Biodegradable Tableware Market Trend
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The global Biodegradable Tableware market is expected to grow significantly by 2027 expanding at a CAGR of around 6% during the forecast period (2021-2027).
The tourism industry is one of the significant contributors to the problem with plastic use, however, it is also an industry that suffers from it. According to National Geographic 73% of beach litter worldwide is plastic, while in the Mediterranean Sea it constitutes 85% of the floating litter and 45% to 95% of the litter found on the seafloor. The most found items are straws, bottles, or cotton buds. It is a twofold problem, where tourists are responsible for the generation of waste but also at the same time are being repulsed by the quality of the destination’s environment.
A rise in tourism, surging the food & beverage industry across the globe is one of the prominent factors, which is driving the market for biodegradable tableware. As per the World Bank, the number of international tourists reached 2.28 billion in 2019, up from 1.96 billion in 2015. Moreover, the expenditure by international tourism reached 6.1% of total imports, up from 5.6% of the total; imports. Also, the number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum.
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The demand for biodegradable tableware is uplifting on account of the waste generated by the food packaging material. The major part of the total global waste includes single-use plastic food packaging. For instance, in 2018, the packaging waste generated in the EU was estimated at 174.1 kg per inhabitant varying from 67.8 kg per inhabitant in Croatia and 227.5 kg per inhabitant in Germany. Also, in the EU, During 2008-2018, paper and cardboard was the leading packaging waste material with around 31.8 million tonnes in 2018. This material is followed by plastic and glass generating 14.8 million tonnes & 14.5 million tonnes of waste in 2018, respectively. Owing to the increasing waste generation coupled with lowered recycling rate is harming the earth’s environment which in turn is driving the growth of the biodegradable tableware market.
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A rise in plastic pollution across the globe is also a prominent reason driving the demand for biodegradable tableware. As per the UN environment program, around one million plastic bottles are purchased every minute across the globe, while up to five trillion plastic bags are used worldwide every year. In total, half of all plastic produced is designed for single-use purposes – used just once and then thrown away. Moreover, With the global production of primary plastic forecast to reach 34 billion tonnes by 2050, the demand for biodegradable tableware is on the rise.
Based on the raw material, the market is fragmented into Wood, Plastic, Paper, Husk, and Others. The plastic segment grabbed XX% market share in 2020 and captured USD XX Mn market in 2020. The increasing environmental concerns regarding plastic usage (as plastics contain toxic pollutants that harm plants, animals, and people) are driving the use of biodegradable plastic alternatives. Moreover, governments prohibiting the use of single-use plastic coupled with rising awareness among the public regarding the ill effects of plastic waste is also leading to the growing demand for biodegradable tableware.
Based on the distribution channel, the market is fragmented into online, hypermarkets/supermarkets, Speciality stores, and others. The hypermarkets/supermarkets segment captured XX% Market share in 2020. The market of this segment would reach USD XX Mn by 2027. Expanding hypermarkets/supermarkets chains across the globe coupled with the availability of numerous brands under one roof is leading to the growth of the market. However, the online segment would witness the highest CAGR during the forthcoming years.
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Additionally, the report provides detailed initiatives that are being taken in the field of Biodegradable Tableware. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), Rest of World has been conducted. Asia Pacific region grabbed XX% market and captured USD XX Mn market share in 2020. A rise in the café, hotels, and restaurants across in Asia pacific region coupled with the availability of healthy food s as per consumer demand is leading to the growing demand for the biodegradable tableware market. Asia-Pacific had the most establishments at over 17 million. In comparison, the region with the second-highest number of foodservice establishments was Latin America with over 2.3 million.
Global Biodegradable Tableware Market Segmentation
Market Insight, by Raw Material
Market Insight, by Application
Market Insight, by Product Type
Market Insight, by Distribution Channel
- Hypermarket/ Supermarket
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- DOpla SpA
- Natural Tableware
- Pactiv LLC
- Eco-Products, Inc,
- Al Bayader International
- Dart Container Corporation
- Reynolds Consumer Products
- Cosmos Eco Friends