FMI Analyzes Impact of COVID-19 on Bagasse Tableware Products Market; Stakeholde
Posted by Vijay Kundekar on December 1st, 2020
Bagasse is the latest developed material for the production of tableware products. Bagasse is made up of renewable sugarcane pulp. These products are sturdy and versatile. Bagasse pulp process is similar to the other pulp production. It can be obtained from plants used in the manufacturing of paper after molding, pulping & drying section. Bagasse tableware products then go through sterilization and edge trimming process before packaging. Bagasse tableware products can handle a variety of hot & cold foods and are appropriate to keep in a microwave. Properties like water and grease resistant are possessed by bagasse tableware products. Compared with other raw material such as polyester, bagasse tableware products have better appearance, longer shelf life and is more environmentally friendly.
Global Bagasse Tableware Products Market: Dynamics
Rising consumer awareness towards biodegradable products is one of the major factor driving the bagasse tableware products globally. Robust design, easy to clean and gleaming look compared with its alternatives such as paper plates is also escalating the bagasse tableware products market. Recyclability and light weight are the other factors that are driving the market. Bagasse tableware products are sturdier than plastic plates which makes the market more attractive. As bagasse tableware products offer more profit margin which makes it more preferable than paper plates which is driving the market. However, as compared to plastic plates, the price of bagasse tableware products are on the higher end. The market in the Asia Pacific is projected to grow at healthy CAGR owing to the expansion of various food chains, an increasing number of restaurants and cafes.
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Global Bagasse Tableware Products Market: Segmentation
On the basis of product type, global bagasse tableware products can be segmented as:
On the basis of dimension, global bagasse tableware products can be segmented as:
On the basis of application, global bagasse tableware products market can be segmented as:
Global Bagasse Tableware Products Market: Regional Outlook
Geographically, the global bagasse tableware products market can be segmented based on the region like North America, Latin America, Western Europe, Eastern Europe, MEA, APEJ & Japan. Europe and Asia Pacific region is expected to grow highest in terms of CAGR, as Europe is leading has strict regulations towards plastics usage and rising consumer awareness towards biodegradability will boost the market of bagasse tableware products. The Asia Pacific & North America region has a significant market share in the bagasse tableware products market followed by Europe.
Global Bagasse Tableware Products Market: Key Players
Some of the global key players in the market of bagasse tableware products are as follows:
Many local and unrecognized players are expected to contribute to the global bagasse tableware products market during forecast period.
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The report is a compilation of first-hand information, qualitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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About the AuthorVijay Kundekar
Joined: August 22nd, 2019
Articles Posted: 420
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