Market Overview
Biodegradable Tableware Market is projected to reach USD 990.6 Million by 2025 at a CAGR of 5.98% between 2019 and 2025. This growth can be attributed to the increasing pollution caused by the widespread use and disposal of plastic. Governments are also taking initiatives to minimize the use of plastic tableware. For instance, the Indian government has replaced plastic cutlery, teacups, and water bottles with steel and biodegradable products in all government offices. The UK government is also planning to ban plastic cutlery and plates to reduce the impact on the environment.
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Competitive Landscape
- Huhtamäki Oyj (Finland)
- Dart Container Corporation (US)
- Georgia-Pacific LLC (US)
- Lollicup USA Inc. (US)
- Solia, Inc. (US)
- Natural Tableware (Netherlands)
- Reynolds Consumer Products LLC (US)
- Pactiv LLC (US)
- Eco Guardian (Canada)
- Genpak, LLC (US)
- Biotrem (Poland)
- Better Earth LLC (US)
Market Segmentation
- Plates: The plates segment accounted for the largest share of the global biodegradable tableware market in 2018. The segment is expected to remain dominant during the forecast period. The demand for biodegradable plates is increasing due to rising environmental consciousness.
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Regional Analysis
- Europe: The consumption of biodegradable tableware is high in Europe. Germany and the UK are the major countries contributing to the growth of the European biodegradable tableware market. The European Commission announced that single-use plastic cutlery, plates, and straws would be banned by 2021 to reduce marine pollution.
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