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Cassava Bags Market to Reach USD 112.51 Million by 2030, Growing at a 7.8% CAGR

07-02-2024 07:01 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: STELLAR MARKET RESEARCH

Cassava Bags Market

Cassava Bags Market

Market Size and Growth

Cassava Bags Market size was valued at USD 68.45 Mn. in 2023 and the total Global Cassava Bags revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 112.51 Mn. by 2030.

Market Overview:

Cassava bags, also known as cassava starch bags or cassava-based bio-plastic bags, are biodegradable and compostable packaging materials made from cassava starch. They offer a sustainable alternative to plastic, appealing to eco-conscious businesses and consumers. Key products include singlet bags, postal mailers, bin liner bags, and pet waste bags.

๐…๐จ๐ซ ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.stellarmr.com/report/req_sample/Cassava-Bags-Market/1870

Key Highlights:

The increasing awareness of plastic pollution and environmental sustainability drives the market.
Cassava bags are popular in various industries, including agriculture, food and beverages, and retail.
Indonesia, Thailand, China, and Vietnam are major producers and exporters of cassava bags.

Research Methodology:

The report combines first-hand information, qualitative and quantitative assessments, and expert inputs. Market estimates consider current dynamics and various economic, social, and political factors.

Market Dynamics:

Drivers: Growing demand for sustainable packaging, consumer awareness of environmental issues, and versatile applications of cassava bags.
Restraints: Limited geographical availability of cassava, high production costs, and competition from other biodegradable materials like jute, cotton, or paper.
Opportunities: Increasing demand for sustainable beauty products and use in e-commerce, waste bags, and garment wrapping.

๐“๐จ ๐‹๐ž๐š๐ซ๐ง ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐’๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐ž๐š๐ฌ๐ž ๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž:https://www.stellarmr.com/report/req_sample/Cassava-Bags-Market/1870

Segment Analysis:

By Type:
T-shirt Bag (54.1% market share in 2023, expected to grow at 7.8% CAGR)
Grip-Hole Bags
Garbage Bags
Others

By Category:
Organic
Conventional

By Application:
Food & Beverages
Animal Feed
Others

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐›๐ฎ๐ฒ๐ข๐ง๐ :https://www.stellarmr.com/report/enquire_now/Cassava-Bags-Market/1870

Regional Analysis:

North America: Dominates with a 48.85% market share in 2023. Growth driven by consumer awareness and strict regulations.
Europe: Significant growth due to EU policies on plastic waste and sustainable packaging.
Asia Pacific, Middle East and Africa, South America: Emerging markets with increasing adoption of eco-friendly practices.

Competitive Landscape:

Key players include Biopak (Australia), Avani Eco Affinity Supply Co (Indonesia), Tipa (Israel), Biogreen Bags Co. Ltd (Thailand), Henan Baolai Packaging Co., Ltd. (China), and others. The market is characterized by competitive dynamics and strategies to drive growth.

Biopak (Australia)
Avani Eco Affinity Supply Co (Indonesia)
Tipa (Israel)
Biogreen Bags Co. Ltd (Thailand)
Henan Baolai Packaging Co., Ltd. (China)
Urban Plastik (Indonesia)
Biopac India Co. Ltd (India)
SainBag No Plastic International Pty Ltd (Australia)
Envigreen Biotech India Pvt. Ltd (India)
Affinity Supply Co.(Indonesia)
Dayton Bag & Burlap Co. (U.S.)
wave eco solutions (Vietnam)
Ecoplanet Bamboo (U.S.)
Midwestern Bag & Supply (Lowa, U.S.)
Conitex Sonoco (California)
Cherokee Manufacturing (Minnesota, U.S.)
Jinan Bollison International Trading Co., Ltd (China)
Twin River Packaging (U.S.)
Joaquin Trading Corporation (Philippines)

Notable Developments:

July 2021: DRDO, Acharya Nagarjuna University, and Ecolastic Private Limited launched biodegradable packaging bags.
March 2021: Composting introduced home compostable cling wrap and biodegradable bags in the USA.
July 2021: ALPLA Group acquired a stake in Panara for bio-based packaging.
May 2022: Amcor Rigid Packaging launched PowerPost TM technology.
January 2022: Amcor Pic. presented AmFiberTM for recyclable paper-based packaging.

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฐ๐ž๐›๐ฉ๐š๐ ๐ž:https://www.stellarmr.com/report/Cassava-Bags-Market/1870

FAQs:

What is the growth rate of the Cassava Bags Market?
The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
Which region is expected to hold the highest share?
North America.
What is the market size of the Cassava Bags Market?
USD 68.45 Mn in 2023, expected to reach USD 112.51 Mn by 2030.
What is the significant driving factor for the Global Cassava Bags Market?
Growing demand for sustainable and eco-friendly packaging solutions.
What segments are covered in the Cassava Bags Market report?
By Type, Category, and Application.

Stellar Market Research is leading research firm, has also published the following reports:

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Master Data Management Market https://www.stellarmr.com/report/Master-Data-Management-Market/715

Restaurant Management Software Market https://www.stellarmr.com/report/Restaurant-Management-Software-Market/687

Load Balancer Market https://www.stellarmr.com/report/Load-Balancer-Market/688

Contact Stellar Market Research:

Contact Stellar Market Research:
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Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656

About Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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