Bagasse Plates Market (Plate Size: Less than 8 inches, 8 to 12 inches, and More than 12 inches; Sales Channel: Indirect Sales and Direct Sales; and End User: Commercial Use and Household)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Bagasse Plates market gathered revenue around USD 332 Million in 2021 and market is set to grow USD 900 Million by the end of 2030 and is estimated to expand at a modest CAGR of 7.2% during the prediction period 2022 to 2030.

Growth Factors:

Bagasse plates are manufactured from bagasse, a byproduct of the sugarcane pulping process. As consumers are more conscious about the increasing rate of single use product waste, end users are continuously searching for highly sustainable formats that reduces the carbon footprints. Bagasse plates reduces this impact up to a certain level, along with the additional benefit of durability. Attributing to this, the consumption of these plates is expected to increase multifold during the forecast period.

In order to survive in the cutthroat market competition, manufacturers are striving for value addition in disposable tableware such as bagasse plates. The newly developed such plates are having significant resistance against moisture and temperature that minimized the risk of damage in any environmental conditions and ensures food product safety. As the matte texture of bagasse plates offers good printing surface, some of the end users are considering this as an effective tool for branding and promotion and creating emotional bond with customers, as nature-friendly material is used. This helps to boost their sales. The bagasse plates are highly compostable and used by various food businesses such as dine-in, takeaway, delivery food services, catering services, etc.

Report Coverage

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Bagasse Plates market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Attractive Appearance, Customization of Products Driving Bagasse Plates Market

Bagasse plates are available in various customized forms according to a customer’s requirements in different shapes, sizes, colors, and format. The bagasse plates are matte in appearance with various shapes and sizes; hence, it acts as dynamic as well as functional giving an eye-catchy appearance to the bagasse plates. The addition of the compartment to the bagasse plates allows the customization of plates with the elimination of additional bowls. On the other hand, the matte finish of the bagasse plates allows improved handling of the product with improved colors. The bagasse plates are expected to gain the demand in various applications such as hotels & cafes, restaurants, venues & caterings, etc.

Therefore, as per TMR analysis, the demand for bagasse plates is anticipated to lift the market during the forecast period (2021-2029), owing to the increasing demand for attractive appearance and colors on bagasse plates with excellent handling to the product while giving an added level of enhanced durability and product safety.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Some of the prominent players in the Bagasse Plates Market include:  Pactiv Evergreen Inc., Bio Futura B.V., Dart Container Corporation, Genpak LLC., Duni Group AB, Vegware Ltd., Natural Tableware, Ecoriti, Pappco Greenware, Greenvale Eco Products, Sattivic Ecocare Products LLP, AMS Compostable, GreenGood USA, DevEuro Paper Products LLP, Shanghai Youngpac Biotech Ltd., Greenweimo, and Shenzhen Zhiben Technology Group Co., Ltd.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

Global Bagasse Plates Market Segmentation

Bagasse Plates Market by Plate Size

·        Less than 8 inches

·        8 to 12 inches

·        More than 12 inches

Bagasse Plates Market by Sales Channel

·        Indirect Sales

o   Departmental & Discount Stores

o   Hypermarket/Supermarket

o   Specialty Stores

o   Online Sales

·        Direct Sales

Bagasse Plates Market by End User

·        Commercial Use

o   Hotels & Cafes

o   Full Service Restaurants

o   Quick Service Restaurants

o   Venues & Catering Services

·        Household

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Bagasse Plates market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Bagasse Plates market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Bagasse Plates markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

• CEOs, VPs, market intelligence managers
• Procuring and national sales managers technical personnel, distributors and resellers
• Research analysts and key opinion leaders from various domains

Key Points Covered in Bagasse Plates Market Study:

• Growth of Bagasse Plates in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Bagasse Plates and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Bagasse Plates Consumption Analysis
•  Bagasse Plates Production Analysis
•  Bagasse Plates and Management