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Bagasse Plates Market - Current Insight with Future Aspect Analysis 2021-2029 | TMR
The COVID-19 outbreak has disrupted business activities in the HoReCa (Hotel, Restaurant, Café) industry. This has affected the demand for disposable plates, which involves bagasse plates. Hence, manufacturers in the bagasse plates market are strengthening their supply chains through eCommerce, mobile shopping apps, and online retail platforms in order to generate revenue streams. As situations are improving in countries such as India, China, and other South Asian countries, manufacturers are increasing their working capital and production activities as per consumer demands.The growing demand for disposable plates during the pandemic has created revenue opportunities for companies in the global bagasse plates market. Since an increasing number of consumers are growing environmentally conscious, the demand for bagasse plates is anticipated to rise in the upcoming months and years. R&D innovations will be at the forefront for introducing new designs in eco-friendly disposable plates.
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The bagasse plates market is projected to expand from a volume of 1,939 million units in 2021 and cross the production of 2,990 million units by 2029. Bagasse is gaining prominence in food packaging materials. However, it has been found that in spite of its high level of resistance to both hot and cold temperatures, bagasse may lose some of its strength when used to hold foods hotter than 95 degrees Celsius. As such, the carbon footprint of bagasse plates is far less than conventional polystyrene plates. This helps to offset the drawbacks of bagasse plates, since otherwise bagasse is suitable for packaging of food with low temperatures.
Lightweight, Recyclable Attributes of Bagasse Plates Being Preferred in Food Packaging
Bagasse is growing popular for use in tableware products. In comparison with other materials, bagasse tableware is more eco-friendly and sustainable since it can be composted easily. Such trends are creating revenue opportunities for manufacturers in the bagasse plates market, since bagasse has a longer lifespan than other materials, and can be used to make several biodegradable plates, cups, and boxes, among others.
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The bagasse plates market is expected to reach the valuation of US$ 322 Mn by 2029. It has been found that tableware products made from sugarcane bagasse are very hygienic. Ecoware - a certified USDA bio-based tableware company, is building its product portfolio in the manufacturing of sugarcane bagasse biodegradable tableware products. Recyclable, lightweight, and unique features of bagasse materials are being preferred for food packaging.
Green Tableware Involving Bagasse Plates Encourages Adoption of Circular Economy
Researchers at the Northeastern University are gaining recognition for designing a set of green tableware made from sugarcane bagasse and bamboo that does not sacrifice on convenience or functionality. Green tableware is emerging as an alternative to plastic cups and other disposable plastic containers, which take several hundred years to decompose or require high temperatures to degrade. Such findings are translating into revenue opportunities for manufacturers in the bagasse plates market.
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Non-toxic and eco-friendly attributes of bagasse plates are grabbing the attention of consumers in commercial establishments and households. Such trends are contributing to the growth of the bagasse plates market. It has been found that green tableware has the potential to decompose just within few days. Such research studies are encouraging the adoption of a circular economy. Green tableware is not only strong enough to hold liquids such as plastic, but also starts decomposing after being in the soil for 30-40 days.
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