Driven by the increasing global demand for environmentally sustainable packaging solutions, the global market for bagasse tableware products is expected to grow at a compound annual growth rate of 6.8% during the forecast period from 2021 to 2031, compared to a compound annual growth rate of 4.6% during the historical period from 2015 to 2020.
Bagasse tableware products, as a green alternative to plastic tableware, are a fashionable and highly regarded product. Bagasse tableware products or sugarcane fiber tableware products are made from sugarcane residue and are environmentally friendly alternatives to polystyrene foam plastic tableware. They are also known as biodegradable bagasse tableware products, which are lightweight, recyclable and have other unique properties. Plates, cups, bowls, trays and cutlery and other bagasse tableware products have a high demand in the food and beverage industry. Due to their unique characteristics, such as being sturdy, durable and having a longer lifespan, they are becoming consumers' favorite food packaging solutions.
They have gained momentum in green-conscious self-service restaurants, food service departments, fast food delivery restaurants, and catering services. In addition to cafes and restaurants, due to consumers' preference for convenient and sustainable packaging solutions, bagasse tableware is expected to be widely used in supermarkets, convenience stores, and grocery stores. These tableware products are 100% biodegradable, environmentally friendly, and can decompose within 60 days, thus customers' preference for environmentally friendly and sustainable packaging will create prospects for market growth.
Sugarcane residue is a fashionable and elegant environmentally friendly packaging solution made from sugarcane fiber. It is suitable for supplying and packaging hot and cold food in the catering industry, dining in and take-out food packaging. Due to its durability and excellent heat resistance, the use of bagasse tableware products has significantly increased.
These tableware products are also microwave and refrigeration safe, helping to reheat and store food without compromising its quality. Its insulation properties keep food fresher for longer than paper and plastic products. In the fast-paced lifestyle and continuously improving living standards, the expansion of fast-food restaurants and catering services is driving the bagasse tableware product market. Consumers' preferences for safety, hygiene, and fast food delivery, are prompting foodservice operators to choose tamper-proof, waterproof, and oil-resistant bagasse tableware products. Therefore, the ever-changing food patterns and forms are expected to become popular among millennial consumers. All of these factors are expected to drive demand for bagasse tableware products.