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Bagasse Bowls Market Indicates Notable CAGR growth by 2028| Business Strategy & Forecast

Time:2020-12-24 Browsing volume: 2095
Bagasse is the latest developed material for the production of tableware products. Bagasse is made up of renewable sugarcane pulp.

Global Bagasse Bowls Market: Overview

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 Bowls then go through sterilization and edge trimming process before packaging. Bagasse Bowls 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 Bowls. Compared with other raw material such as polyester, Bagasse Bowls have better appearance, longer shelf life and is more environmentally friendly.

Global Bagasse Bowls Market: Dynamics

Rising consumer awareness towards biodegradable products is one of the major factor driving the Bagasse Bowls globally. Robust design, easy to clean and gleaming look compared with its alternatives such as paper plates is also escalating the Bagasse Bowls market. Recyclability and light weight are the other factors that are driving the market. Bagasse Bowls are sturdier than plastic plates which makes the market more attractive.  As Bagasse Bowls 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 Bowls 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 Bowls Market: Segmentation

On the basis of product type, global Bagasse Bowls can be segmented as:

Bagasse Plates

Bagasse Bowls & Cups

Bagasse Meal Boxes

Bagasse Trays

Bagasse Lids

On the basis of dimension, global Bagasse Bowls can be segmented as:

Plate

7 inch plate

9 inch mini plate

11 inch plate

Bowl

180 ml bowl

250 ml bowl

Trays

4 Compartment Tray

5 Compartment Tray

Lids

500 ml Lid

750 ml Lid

Containers

500 ml Containers

750 ml Containers

On the basis of application, global Bagasse Bowls market can be segmented as:

Household

Restaurant

Schools

Others

Global Bagasse Bowls Market: Regional Outlook

Geographically, the global Bagasse Bowls 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 Bowls. The Asia Pacific & North America region has a significant market share in the Bagasse Bowls market followed by Europe.

Global Bagasse Bowls Market: Key Players

Some of the global key players in the market of Bagasse Bowls are as follows:

Hanna K Signature Pvt. Ltd.

Natural Tableware Inc.

PrimeLink Solutions, Inc.

Biomass Packaging Inc.

Yash Papers Limited.

Saattvic Ecoware Products Inc.

Nanofiber Tech., Inc.

Abert SpA

Many local and unrecognized players are expected to contribute to the global Bagasse Bowls market during forecast period.

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Global Bagasse Bowls Market: Key Developments

Some of the key developments in the global Bagasse Bowls market are as follows:

Saattvic Ecoware Products Inc. manufactures Bagasse Bowls and introduced products that are 100% compostable and contains zero plastic lining in 2018.

In 2017, Biomass Packaging Inc. has introduced Bagasse Bowls such as paper towel & toilet tissue, which is made up of 1-ply paper.

Natural Tableware Inc., a manufacturer of Bagasse Bowls has brands such as Sucadrops, Symbiose and many others to deliver unique design and high-quality products.

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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