May, 2023- Market Research Future has published a Report on the Global Biodegradable Tableware Market
Biodegradable Tableware Market Highlights
Biodegradable Tableware Market is projected to reach USD 1.39 billion by 2030 at a CAGR of 6.45% between 2023 and 2030. This growth can be attributed to the increasing pollution caused by the widespread use and disposal of plastic. Governments are also taking initiatives to minimize the use of plastic tableware. For instance, the Indian government has replaced plastic cutlery, teacups, and water bottles with steel and biodegradable products in all government offices. The UK government is also planning to ban plastic cutlery and plates to reduce the impact on the environment.
Market USP
Increasing popularity of innovative and non-toxic tableware products
Growth Opportunities in the Market
- Expanding foodservice industry: The foodservice industry has witnessed substantial growth over the last few years, especially in emerging economies. The demand for takeaway food has been increasing in developing nations due to the preference by the youth. The busy lifestyles of consumers have led to the popularity of convenience and takeaway food. For example, China’s foodservice industry was valued at USD 583 billion in 2020. The demand for online food delivery has also been rising. According to MRFR analysis, the sales of online food delivery services was valued at USD 39 billion in 2020 and the market is expected to register a growth rate of 16% over the next decade. Several fast-food chains such as KFC and Starbucks have increased the number of outlets in India. Online food delivery service providers are also expanding their presence in the country. These factors are expected to drive the demand for biodegradable tableware as an environment-friendly alternative to plastic.
- Product Innovation: The key manufacturers of biodegradable tableware are continuously launching products to stay competitive and meet the changing requirements of consumers. For instance, in July 2020, Huhtamaki Oyj launched a new biodegradable double-wall cup for hot beverages made from paperboard that is certified by the Programme for the Endorsement of Forest Certification with a plant-based lining which is certified biodegradable. The product is manufactured in the UK and available only for European consumers.
Key Players
- Huhtamäki Oyj (Finland)
- Dart Container Corporation (US)
- Georgia-Pacific LLC (US)
- Lollicup USA Inc. (US)
- Solia, Inc. (US)
- Natural Tableware (Netherlands)
- Reynolds Consumer Products LLC (US)
- Pactiv LLC (US)
- Eco Guardian (Canada)
- Genpak, LLC (US)
- Biotrem (Poland)
- Better Earth LLC (US)
- Vegware (UK)
- Papstar GmbH (Germany)
- Bionatic GmbH & Co. KG (Germany)
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2023 |
Companies Covered | 15 |
Pages | 111 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.