A recent report published by Infinium Global Research on compostable tableware market provides in-depth analysis of segments and sub-segments in the global as well as regional compostable tableware market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional compostable tableware market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global compostable tableware market.
Compostable tableware products are used for serving food. These products are biodegradable and release valuable nutrients into the soil, aiding the growth of trees and plants when they break down. Compostable plates can be placed into the compost bin after use. These products degrade within several months in an industrial composting facility and produce no toxic residues. These plates are reusable and are made up of renewable resources. These renewable sources are made from all-natural materials such as agricultural residues, palm leaves, bagasse, bamboo, and cornstarch-based PLA plastic. This eco-friendly tableware is sturdy enough to hold hot or cold food and easily gets biodegraded after use.
Compostable plates and bowls are the perfect solutions for emerging green businesses. The growing awareness about the adverse effects of plastic such as massive plastic pollution and its grave consequences on aquatic and aerial creatures after dumping this product into the sea are the major driving factors for the growth of the compostable tableware market. The increasing demand for safe, sustainable, and environmentally friendly cutlery owing to the rising number of fast-food restaurants and cafeterias is boosting the compostable tableware market. Compostable disposables are a viable alternative that provides the convenience of disposable plates when used in catering for parties, picnics, or other occasions along with the added advantage of no negative impact on the eco-system. However, the lack of awareness about the benefits of compostable tableware and the poor management of organic waste hampers the growth of the compostable tableware market. The cost of compostable tableware is also higher as compared to traditional disposables. Moreover, the rising enforcement of environmental laws and the growing need for better waste management is anticipated to create an opportunity for the growth of the compostable tableware market.
The global compostable tableware market is categorized into North America, Europe, Asia Pacific, and the RoW region. North America holds a significant share of this market due to increasing demand for compostable tableware from the food service sectors and favorable regulations from the government about compostable tableware products. Moreover, the Asia Pacific region is expected to be the fastest-growing region during the forecast period owing to rapid growth in markets such as India, Japan, and China.
Report Coverage | Details |
---|---|
Market Size in 2022 | USD 260 Million |
Market Size by 2030 | USD 300 Million |
Growth Rate from 2023 to 2030 | CAGR of 7.21% |
Largest Market | North America |
No. of Pages | 180 |
Market Drivers |
|
Market Segmentation | By Type, and By End-use |
Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global compostable tableware market provides a detailed analysis of segments in the market based on Type, and End-use.
· Bowl and Lids
· Cups and Lids
· Portion Cups and Lids
· Containers and Lids
· Plates
· Reusable Dishware
· Straw and Cup Sleeves
· Compostable Spoons
· Other Types
· Household
· Food Joints & Takeaways
· Hotels & Restaurant
· Other End-use
· Ecoware
· Intengine
· Vegware Ltd
· Pakka Limited
· CHUK
· BIOTREM SP. Z O. O
· Minima Technology Co., Ltd.
· Fabri-Kal
· Eco-gecko Products Inc.
· VerTerra Dinnerware
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the compostable tableware market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.