ID: MRFR/CR/7157-HCR | February 2021 | Region: Global | 111 pages
Biodegradable Tableware Market is projected to reach USD 990.6 Million by the end of 2025 at a CAGR of 5.98% between 2019 and 2025. The global biodegradable tableware market is highly fragmented with the presence of several regional and global players, especially in developed economies. In developing and underdeveloped economies, the market is dominated by local and regional players. However, in the case of developed economies, the biodegradable tableware market is consolidated due to the presence of multinational organizations. Huhtamäki Oyj, Dart Container Corporation, Georgia-Pacific LLC, Solia Inc., and Pactiv LLC are the key manufacturers of biodegradable tableware.
The Global Biodegradable Tableware Market has witnessed substantial growth over the last few years owing to the increasing consumer preference for environmentally friendly products. The global tableware market was valued at USD 33.14 billion in 2018 and biodegradable tableware accounted for a negligible share of the market. However, the demand for biodegradable tableware is increasing gradually across the globe due to increasing focus on environmental consciousness. Consumer awareness regarding the water and land pollution caused by single-use products is increasing, fueling the demand for biodegradable tableware to counter the risk of air and land pollution caused by toxic substances in plastic.
The deteriorating air quality can be largely traced to the disposal of plastic. Approximately 40% of the world’s garbage is burned. The burning of plastic releases harmful substances including heavy metals, persistent organic pollutants (POP), and other dangerous chemicals into the air. These chemicals lead to the development of asthma, endocrine disruption, and cancer. For instance, India generates 25,940 tons of plastic waste every day and poor air quality led to 1.2 million deaths in the nation in 2017. Moreover, life expectancy for Indian citizens has reduced by 5.3 years owing to air pollution.
The demand for biodegradable tableware can also be attributed to the rising trend of on-the-go food products. Consumer preference for online food delivery and takeaway is also expected to fuel the growth of the market. The revenue generated from online food delivery was approximately USD 21 billion in 2018, with double-digit growth expected in the near future.
Demand for non-toxic, compostable, and environmentally friendly tableware
By Product Type
By Material Type
By Distribution Channel
|Market Size||USD 990.6 Million (2025)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Material Type, Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Huhtamäki Oyj (Finland), Dart Container Corporation (US), Georgia-Pacific LLC (US), Lollicup USA Inc. (US), Solia, Inc. (US), Natural Tableware, (Netherlands), Reynolds Consumer Products LLC (US), Pactiv LLC (US), Eco Guardian (Canada), Genpak, LLC (US), Biotrem (Poland), Better Earth LLC (US), Vegware (UK), Papstar GmbH (Germany), Bionatic GmbH & Co. KG (Germany)|
|Key Market Opportunities||Demand for non-toxic, compostable, and environmentally friendly tableware|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Biodegradable tableware market CAGR would be 5.98% during the forecast period.
Biodegradable tableware market valuation would be USD 99.6 million.
The plates segment would encourage biodegradable tableware market growth the most.
The paper segment is slated to dominate biodegradable tableware market.
The store-based segment would dominate biodegradable tableware market.