The market for bagasse tableware items is anticipated to reach US$ 3.0 billion in 2023 and continue to grow at a CAGR of 6.4% from 2023 to 2032. Sales of bagasse tableware as a whole are anticipated to reach US$ 5.2 billion by 2032. One of the main factors influencing the demand for bagasse tableware goods globally is the growing acceptance of bagasse cutlery and packaging options in residential, institutional, and commercial sectors due to their eco-friendly nature.
The global market for dinnerware made from bagasse now accounts for 5-7% of the US$ 45 billion global tableware market.
During the forecast period, the industry for bagasse tableware items is anticipated to grow as a result of rising consumer demand for environmentally friendly and sustainable tableware, rising consumer awareness of environmental issues, and regulatory limits on the use of single-use plastic goods. From 2023 to 2032, the market for bagasse tableware goods is projected to rise by 1.9 times its current value.
Due to the ban on the use of single-use plastic products in European countries and the high production of sugarcane in South Asian nations like India, South Asia and Europe are expected to hold about 3/5 of the global market for bagasse tableware products during the forecast period.
“Customized eye-catchy eco-friendly bagasse tableware products made from sugarcane residual are becoming increasingly popular for use in institution, commercial, and household sectors. Besides this, growth in quick-service restaurants, mobile food vendors, online food ordering business, and catering services will create attractive prospects for the growth of the market,” says FMI analyst.
Continued Efforts of Manufacturers to Improve the Physical Attributes for Branding to Spur Demand for Bagasse Tableware Products
Bagasse tableware products are in the spotlight due to the rising trend of sustainable living practices. Eco-friendly bagasse tableware products are increasingly replacing products made out of non-biodegradable plastics.
Companies are focusing on introducing innovative and eye-catching designs with new textures and graphics (on-pack promotions) to influence customers to purchase natural, eco-friendly products. Bagasse tableware products are gaining momentum in green-minded cafeterias, the foodservice sector, quick delivery restaurants, and catering services.
Offering personalized and specialized products according to the customer’s needs is a critical trend in the market. The manufacturers are thus focusing on customizing the product designs as per the consumers’ requirements.
The use of unique customized designs as a billboard space to showcase the logo, messages, and company taglines will enhance the market status of bagasse tableware product manufacturers who offer these services. Using environmentally friendly and sustainable products to improve and enhance the brand image is also a key aim for end users.
The manufacturers strive to improve the product quality by using cutting-edge technology to extend the shelf life and retain the quality and freshness of products for a longer time. They also target innovative product packaging, aesthetic appearance, and overall presentation to attract the customer’s attention. Therefore, to address the growing aspirations of target customers, the manufacturers are offering customized, distinctive, brand identity-based products, which will boost the bagasse tableware products market.
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