Biodegradable Tableware Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The demand for biodegradable tableware is witnessing an uptick on account of the shifting preference of hotels, restaurants, and cafes towards eco-friendly tableware. In 2018, Hilton Hotels & Resorts following its 2030 environmental and social targets, also pledged to phase out all plastic straws and stop using plastic water bottles in meetings & events. The waste generated by packaging and packaging materials is enormous and represents a major part of the total global waste that includes disposables used for several purposes. For instance, in 2018, the packaging waste generated in the EU was estimated at 174.1 kg per inhabitant varying from 67.8 kg per inhabitant in Croatia and 227.5 kg per inhabitant in Germany. Also, in the EU, During 2008-2018, paper and cardboard was the leading packaging waste material with around 31.8 million tonnes in 2018. This material is followed by plastic and glass generating 14.8 million tonnes & 14.5 million tonnes of waste in 2018, respectively. Owing to the increasing waste generation coupled with lowered recycling rate is harming the earth’s environment which in turn is driving the growth of biodegradable tableware.

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According to UnivDatos Market Insights (UMI)’ research report “Global Biodegradable Tableware Market Analysis, 2020”, A rise in the café, hotels, and restaurants across regions coupled with the availability of healthy food as per consumer demand is leading to the growing demand for the biodegradable tableware market. As per Statista, the number of foodservice establishments worldwide varied greatly by region in 2020. Asia-Pacific had the most establishments at over 17 million. In comparison, the region with the second-highest number of foodservice establishments was Latin America with over 2.3 million.

 Moreover, the rise in the travel and tourism industry is adding pace to the growth of the market. As per the World Bank, the total number of international tourists in the Asia Pacific region reached 487 million in 2019 high from 396 million in 2015.  Also, a rise in the investment in the hospitality sector is leading to the growing number of hotels and restaurants which is gaining end-users traction, and the market is booming. As per a report by JLL, approximately $7 billion in transactions in 2021, an increase of 20% year-on-year, up from $5.8 billion in 2020. Moreover, in the first half of 20201, In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms.

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Based on the Application, the commercial segment acquired the XX% market share and gathered USD XX Mn market in 2020. A rising number of hotels across the globe on account of the rising international tourists and leisure activities is leading to the growth of this segment.  As per a report by IHG, The global hotel industry is a US$ 525bn industry, made up of 18 million rooms in 2018. 54% of rooms are affiliated with a global or regional chain (‘branded’), up from 50% in 2012

Based on the distribution channel, The hypermarkets/supermarkets segment grabbed XX% market share and dominated the market in 2020. As per a report by Nielsen, On a value basis, supermarkets and hypermarkets account for just over half (51%) of global sales. Moreover, a rise in the number of supermarkets and hypermarkets across the globe is supporting the market growth as customers are more inclined due to the availability of numerous brands under one roof. The total number of supermarkets in the United States increased from 38,015 in 2015 to 38,307 in 2018.

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The Asia Pacific to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the Asia-Pacific region dominated the global Biodegradable Tableware market in 2020., stated in UnivDatos Market Insights (UMI)’ research report “Global Biodegradable Tableware Market Analysis, 2020”. The rising number of food establishments in the region is leading to the growth of this region. The number of foodservice establishments worldwide varied greatly by region in 2020. Asia-Pacific had the most establishments at over 17 million. In comparison, the region with the second-highest number of foodservice establishments was Latin America with over 2.3 million.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Biodegradable Tableware Market are Biotrem, DOpla SpA, Huhtamaki, Natural Tableware, Pactiv LLC, Eco-Products, Inc, Al Bayader International, Dart Container Corporation, Reynolds Consumer Products, Cosmos Eco Friends, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Biodegradable Tableware Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Biodegradable Tableware Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  
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 Market Segmentation:

1.      By Raw Material (Wood, Plastic, Paper, Husk, Others)

2.      By Application (Household, Commercial, Others)

3.      By Product Type (Cups, Plates, Bowls, Others)

4.      By Distribution Channel (Online, Hypermarket/ Supermarket, Others)

5.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.      By Company (Biotrem, DOpla SpA, Huhtamaki, Natural Tableware, Pactiv LLC, Eco-Products, Inc, Al Bayader International, Dart Container Corporation, Reynolds Consumer Products, Cosmos Eco Friends)

Key questions answered in the study:

1.      What are the current and future trends of the global Biodegradable Tableware market industry?

2.      How the industry has been evolving in terms of end-user demand and application areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the Biodegradable Tableware market industry?

5.      What are the customer orientation, purchase behavior, and expectations from the Biodegradable Tableware market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL BIODEGRADABLE TABLEWARE MARKET COVID-19 IMPACT

6 GLOBAL BIODEGRADABLE TABLEWARE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY RAW MATERIAL

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY PRODUCT TYPE

10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

11 MARKET INSIGHTS BY REGION

12 BIODEGRADABLE TABLEWARE MARKET DYNAMICS

13 BIODEGRADABLE TABLEWARE MARKET OPPORTUNITIES

14 BIODEGRADABLE TABLEWARE MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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