Research Nester released a report titled “Biodegradable Tableware: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the biodegradable tableware market in terms of market segmentation by material, by product, by application, by end user, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Manufactured from biodegradable raw materials such as pulp, paper, bagasse and others, the biodegradable tableware serves as an alternative to plastic kitchenware in households and food processing industries. Owing to its rigidity and applications in packaging hot and cold food products, the global biodegradable tableware is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. Based on material, the market is segmented into pulp, bagasse, palm leaf, wheat bran, paper, husk and others, out of which, the highest share in the market is estimated to be held by the pulp segment. This can be attributed to the ease of availability of raw materials and low-cost compared to others in the market.
Geographically, the global biodegradable tableware market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in Europe is predicted to hold the largest share on account of presence of leading market players in the region which manufacture and market biodegradable tableware. Additionally, “New EU Directive for Single-Use Plastics” and other initiatives promoting eco-products in the region further increase the product demand. Increasing pace of industrialization and initiatives to reduce pollution and ban single use plastics in Asia Pacific region is expected to drive the market growth in this region.
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Rising Concerns Related To Pollution To Boost The Market Growth
The demand for biodegradable tableware is high owing to the rising inclination towards using eco-products to curb pollution and minimize the use of plastics. The demand is further driven by technological advancements towards discovery of processes to produce cheap and better biodegradable tableware solutions to replace plastics. Additionally, stringent laws and industry scale recycling practices have been put in place to control the waste and to increase awareness. Such factors are anticipated to significantly drive the market growth. However, high cost of the biodegradable tableware than their plastic counterparts and lack of product awareness in developing countries are factors estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global biodegradable tableware market which includes company profiling of Biotrem, Reynolds Consumer Products, Eco-Products, Inc., Dinearth, Georgia-Pacific, SOLIA, Al Bayader International L.L.C, Natural Tableware and Dart Container Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global biodegradable tableware market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2598
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Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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