The bagasse process utilizes what would commonly be a waste product from sugar production (residual sugar cane juice from the fibrous stalks) to make a wide variety of sustainable products. Foodservice operators are offering various facilities such as take-out and drive-through to fulfill the increasing number of on-the-go consumers. The foodservice industry is anticipated to be the top consumer of bagasse tableware products in the coming years, as consumer demand for sustainable packaging and tableware continues to move in an upward trajectory.By submitting, you confirm that you agree to our,Download Competitive Benchmarking Analysis,Copyright © Future Market Insights. We offer customised research reports for various industry verticals and regions.Our coverage is all-encompassing – explore our comprehensive coverage of varied industries and categories,Latest news, views, and press releases – explore our media section and connect with us,The global bagasse tableware products market in 2018 was valued at ~ US$ 1.7 Bn and projected to grow at a CAGR of ~ 6% during the next ten years. By utilizing the waste from the fibrous stalks from sugarcane, bagasse can be used to create products ranging from tableware and food serving items to food containers, paper products and more. Consumers’ preference for take-out or ready-to-eat food is increasing, owing to changing lifestyles and growing disposable income.Moreover, corporate work culture leading to out-of-home food habits is also strengthening the demand for bagasse tableware products. In addition, several countries in Europe have imposed stringent regulations on the use of single-use plastic to curb visual pollution. However, in last decade, the demand for sustainable and eco-friendly products grew at a rapid pace owing to ‘green consumerism’.Further, stringent government regulations pertaining to the applications of single-use plastic in several countries worldwide has created a significant demand for bagasse tableware products in recent years. Tier 3 players include most of the unorganized sectors.Although bagasse tableware is commercially produced for several years, its adoption was relatively slow. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.Sustainable packaging and demand for customized bagasse tableware products have led the emergence of improved iterations of products in the market. In addition, plastic and Styrofoam garnered significant popularity as some of the most accessible packaging materials owing to their low costs. The trend is set to continue in the upcoming years owing to strong influence of the ‘millennial’ population.Further, apart from emerging as an eco-friendly packaging alternative, the benefits of bagasse tableware products including, suitability for hot & cold foods, water repulsive nature, chlorine-free, and more are likely to remain instrumental to their adoption in households as well as commercial sectors.Europe has emerged as a lucrative region with tremendous prospects for the bagasse tableware products market. Tier 1 companies contribute significantly to the growth of the bagasse tableware products market.They are anticipated to focus on capacity expansion, product innovation, and improving operational efficiency to match the growing needs of consumers in the market. Bagasse is readily available as a waste product with a high sugar content and has potential as an environmentally friendly alternative to corn as a source of the biofuel ethanol ( ethyl alcohol ). These factors help the chain operators to reduce labour costs and utilize the existing pool of resources to enhance quality and customer support.Regional and domestic players worldwide are also adopting a similar business concept. This may offer significant benefits to livestock across the agricultural sector. These factors are probable to offer an optimistic outlook for the bagasse tableware products market in the European region.The East Asia region is expected to become a highly lucrative region regarding the bagasse tableware products market share by the end of the forecast period. The growing adoption of eco-friendly products by foodservice operators in the region has played a critical role towards shaping the market landscape.Further, the growing demand for bagasse tableware products for institution and household applications has significantly continues to fuel the market growth. In East Asia, China is foreseen to remain dominant by accounting 3/4 of the East Asia bagasse tableware products market share during the forecast period.

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