Press release
Cassava Bags Market to Reach USD 112.51 Million by 2030, Growing at a 7.8% CAGR
Market Size and GrowthCassava 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 ๐จ๐ซ ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: 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.
๐๐จ ๐๐๐๐ซ๐ง ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐: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
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ :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.
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐ซ๐๐ ๐๐ซ๐๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฐ๐๐๐ฉ๐๐ ๐: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:
Connected Building Market https://www.stellarmr.com/report/Connected-Building-Market/686
Data Fabric Market https://www.stellarmr.com/report/Data-Fabric-Market/689
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
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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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