Biodegradable Disposable Tableware Market | Global Sales Report - 2030

The global biodegradable disposable tableware market is all set to make greater strides at a CAGR of 6.4% between 2022 and 2030, reaching US$ 18 Bn by the year 2030. The biodegradable disposable tableware market is likely to record 6.5% growth from 2022.

Food service industry would be the key end user contributing to the market share due to convenience and hygiene offered by the biodegradable disposable tableware market.

The growing awareness about benefits of sustainable products has also fuelled the market in recent years. These are manufactured with bio-based plastic, paper and paperboard, and wood, which makes them completely biodegradable.

Growing number of restaurants, cafeterias, and food joints are expected to opt for this kind of tableware as they look for cost-efficient waste management solutions.

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The food and beverage industry prefers disposable packaging to avoid washing trouble and convenience it provides to its users. Furthermore, innovations in the manufacturing of biodegradable tableware such as usage of leaf, bagasse, and starch extracted from various natural raw materials will increase production of the biodegradable disposable tableware market.

Key Takeaways of Biodegradable Disposable Tableware Market Study

Paper & paperboard as a material is poised to account for more than 2/3rd of the biodegradable disposable tableware market by 2030

Bio-based biodegradable plastic segment is gaining significant traction as this plastic is made from renewable resources instead of fossil fuels, reducing carbon footprint. The segment is likely to witness a CAGR of 6.1% during the forecast period

Trays are estimated to account for more than 45% of the market share by value during the forecast period

The foodservice industry is estimated to be the key end user of biodegradable disposable tableware and is poised to account for over 60% of the global biodegradable disposable market by 2030

Asia Pacific is estimated to represent an incremental opportunity of over US$ 5Bn by the end of next five years

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Biodegradable Disposable Tableware Market Landscape

Huhtamaki Oyj,
Graphic Packaging International, LLC and
Dart Container Corporation
are the top players operating in the biodegradable disposable tableware market. Furthermore,

Vegware Ltd,
Lollicup USA Inc.,
Solia, Inc.,
Hefty,
Dixie Consumer Products LLC,
Duni AB,
Pacovis AG,
Papstar GmbH,
Dispo International,
Genpak LLC,
Natural Tableware and Eco-Products, Inc. are some other prominent players in the biodegradable disposable tableware market.

The tier 3 player's hold 4/5th market share in the global biodegradable disposable tableware market. In conclusion, key players contribute almost 1/5th of the global market.

Key Segments Covered in Biodegradable Disposable Tableware Industry Research

Biodegradable Disposable Tableware Market by Product

Plates
Bowls
Cups
Trays
Cutlery
Biodegradable Disposable Tableware Market by Material

Pulp & Paper
Bioplastics
Biodegradable Disposable Tableware Market by Packaging Application

Food
Beverages
Biodegradable Disposable Tableware Market by End-use

Commercial Use
Institutional Use
Household Use
Significant Availability of Raw Materials to Boost Production of Biodegradable Disposable Tableware in Asian Economies

In order to promote sustainable production of biodegradable disposable tableware and to gain economies of scale, the production and availability of the raw material is an important aspect. Asian countries account for more than 40% of bio-based materials including sugarcane and bamboo used for manufacturing biodegradable disposable tableware.

Thus, the region is estimated to provide a steady supply of raw material for manufacturing biodegradable disposable tableware market, thereby augmenting the market growth. This is likely to provide a remunerative opportunity to the regional manufacturers to leverage the raw material availability and expand their production capacities.

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