Biodegradable Tableware Market Report: Market Revenue to close at USD 4.2 BN by 2026
Posted On June 25, 2020
The Global Biodegradable Tableware Market report evaluates the market revenue to reach USD 4.2 BN mark in 2026. It was valued at USD at USD 2.8 BN in the year 2019. The CAGR is expected to be close to 5.8% from 2020 till the end of 2026 according to the newly published report by Value Market Research. Biodegradable tableware is now a global trend aiming to reduce plastic waste and greenhouse emissions. The increased awareness of environmental pollution is uplifting the global market. The growing awareness about the harmful effects of plastic and increased R & D of disposable products is further supporting the global biodegradable tableware market. The global biodegradable tableware market is expected to prosper during the COVID-19 pandemic as the products are disposable; they automatically eliminate further person to person contacts and reduce the chances of the spread of the disease.
Biodegradable tableware is eco-friendly, disposable, compostable, and easily degradable products made up of 100 % natural material such as bamboo & paper pulp, sugarcane bagasse, palm leaves, and other disposable material. These disposable products completely compostable within a short period in duly made compost facilities. Biodegradable tableware minimizes greenhouse emissions and saves the environment. The products offer excellent performance and strength and ideal for hot and cold food & beverages. Biodegradable tableware includes meal trays, cups, plates, and bowls.
The elaborate study "Global Biodegradable Tableware Market Report By Raw Material Type (Plastic, Paper, Wood, Husk, Others), By Application (Commercial, Household) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" poses a refreshing view of the market taking into consideration all the aspects affecting the market. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of raw material type the biodegradable tableware market is segmented into plastic, paper, wood, husk, others. By application the market is segmented into commercial, household.
The research study is broadly segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. The revenue and/ volume data distribution is covered in detail in the report.
The Report Segments Global Biodegradable Tableware Market -
By Raw Material Type
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Huhtamaki oyj, Eco-Products, Inc., Natural Tableware Inc., Biotrem, Chuk (Yash Paper Limited), Ecoware, Pappco Greenware, Al Bayader International, Lollicup USA, Inc..
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