The global cassava bags market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 7.6% during the forecast period. Expected to reach a revenue of USD 66.93 million in 2023, the market is set to grow to USD 139.23 million by 2033.
One of the key drivers behind this expansion is the increasing demand for cassava bags due to their low oxygen transmission rate, which is essential for maintaining the health and safety of products. The ability of cassava bags to dissolve quickly in hot water without releasing harmful chemicals has also contributed to their rising adoption.
As environmentally friendly alternatives to traditional plastic, cassava bags are safer for marine life, a factor that is expected to significantly boost their market share in the coming years.
The global cassava bags market is also benefiting from rapid urbanization, improved living standards, and shifting consumer preferences. As more consumers opt for eco-friendly solutions, the demand for biodegradable packaging is on the rise. These trends are creating valuable revenue opportunities and driving the growth of the market.
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In particular, the food and beverage industry is increasingly turning to cassava bags as a sustainable packaging solution. The rise of online food delivery services has led to an increase in plastic take-out containers and bags, fueling the need for more eco-conscious alternatives. As a result, the adoption of cassava bags within the food sector is expected to play a significant role in the market’s growth in recent years.
Prominent Drivers of the Cassava Bags Market
- Sustainability and Environmental Awareness: As consumers and businesses increasingly prioritize sustainability, cassava bags, made from biodegradable materials, offer an eco-friendly alternative to conventional plastic bags. This shift towards green packaging is driving demand for cassava-based products.
- Government Regulations and Bans on Plastic: Many governments worldwide are implementing stricter regulations and bans on single-use plastic bags due to their environmental impact. This has encouraged the growth of alternative packaging solutions like cassava bags, which comply with eco-friendly standards.
- Rising Demand for Biodegradable Packaging: With increasing awareness of plastic pollution, there is a growing demand for biodegradable packaging solutions. Cassava bags are seen as a viable alternative that meets consumer and regulatory expectations for environmentally safe packaging.
- Agricultural Support and Crop Diversification: Cassava is a widely cultivated crop, especially in regions like Africa and Asia. The use of cassava for packaging bags provides farmers with an additional income source, fostering growth in the cassava bags market and supporting agricultural economies.
- Consumer Preference for Eco-Conscious Products: Consumers are becoming more mindful of their environmental footprint and prefer brands that use eco-conscious packaging. As the popularity of sustainable products rises, cassava bags are positioned as a popular choice in various industries, including retail, food packaging, and e-commerce.
Competitive Landscape
The importance of environmental sustainability, together with the presence of multiple market participants, is expected to raise competition and drive market expansion. Mergers and acquisitions are predicted to increase consumer demand and the global market size.
- Envigreen Biotech India Pvt. Ltd. produced India’s first 100% biodegradable plastic replacement. The development of these items began in 2012, with the help of scientists and environmentalists from around the world.
- Biogreen Bags Co. Ltd. was created by a group of environmentally conscious entrepreneurs seeking high-quality solutions to the problem of petroleum-based plastic products.
- Avani Eco offers a whole line of sustainable packaging and hospitality items manufactured from renewable and natural resources that are completely compostable.
- Affinity Supply Co. provides compostable food packaging, paper coffee cups, takeaway containers, bags, and straws.
- In 1996, Biopac India Co. Ltd. began manufacturing food-grade polystyrene food service products for single use.
Key Players
- SainBag
- No Plastic International Pty Ltd.
Some Recent Developments are:
- In July 2021, DRDO, in collaboration with Acharya Nagarjuna University and Ecolastic Private Limited, launched biodegradable packaging bags made from natural and plant-based food-grade materials.
- In March 2021, New Zealand-based zero-waste packaging manufacturer Compostic introduced its product line of home compostable cling wrap and biodegradable bags in the USA, and the product is an alternative to kitchen plastics.
- In July 2021, global packaging specialist ALPLA Group acquired a minority stake in Slovak company Panara, focusing on developing fully bio-based and biodegradable packaging products, including bags.
Cassava Bags Market by Segmentation
By Type:
- Grip-Hole
- T-Shirt
- Garbage
By Category:
- Organic
- Conventional
By End User:
- Food & Beverages
- Animal Feed
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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