Bagasse Plates Market Expected To Witness a Sustainable Growth Over 2029 November 16, 2021
Bagasse Plates Market: Introduction
Transparency Market Research (TMR) provides key valuable insights for the bagasse
plates market in its published report, which incorporate global industry analysis, size, share, growth, opportunities, trends, and forecast for 2021–2029. In terms of revenue, the global market is anticipated to expand 1.8 times of the current market value by the end of 2029, due to increasing demand for sustainable packaging across several countries, about which TMR offers detailed insights and forecasts in the bagasse plates market report.
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.
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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.