As of my last knowledge update in January 2022, cassava bags, also known as cassava starch bags or biodegradable bags made from cassava, were gaining attention as an eco-friendly alternative to traditional plastic bags. Cassava bags are made from cassava starch, which is extracted from the root of the cassava plant.
The Cassava Bags Market is poised for significant growth, with an expected compound annual growth rate (CAGR) of approximately 7.6% during the forecast period. In 2023, the market’s revenue is anticipated to reach a valuation of around US$ 66.93 million, and it is projected to experience substantial revenue growth, surpassing US$ 139.23 million by the year 2033. This growth trajectory is indicative of the increasing adoption of cassava bags as an environmentally friendly alternative to traditional plastic bags, driven by consumer demand for sustainable packaging solutions and the global push to reduce plastic pollution.
The future outlook for cassava bags is buoyed by several factors. Rapid urbanization, the transformation of lifestyles towards sustainability, and evolving consumer preferences are projected to usher in revenue opportunities that will underpin market growth. These factors have captured the interest of eco-conscious consumers, thereby contributing to the burgeoning global market trends.
The market for cassava bags has seen growth due to increased awareness of environmental issues and the push for more sustainable practices. Companies and consumers alike are seeking alternatives to traditional plastic products, and cassava bags represent one such innovation.
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Start-up News
Introducing Cassava Bags: A pioneering initiative by an Australian start-up aiming to combat the global issue of single-use plastic bags. This innovative solution involves the creation of biodegradable, single-use, non-plastic bags derived from cassava, capable of dissolving in hot water. These cassava-based products are entirely natural, 100 percent non-toxic, free from Polylactic acid (PLA) and Bisphenol (BPA), and are designed for one-time use. Remarkably, they dissolve in hot water within three minutes or biodegrade in soil over a span of six months.
A growing environmental consciousness among consumers has underscored the significance of adopting eco-friendly products to safeguard the planet. The past few decades have seen a widespread proliferation of plastic bags, contributing to adverse effects on the Earth’s atmosphere and troposphere.
In response to this, major players in the global market are actively developing inventive bags crafted from cassava, incorporating various colors, designs, and more. Simultaneously, start-up companies are playing a pivotal role in driving market expansion through their innovative strategies.
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Competitive Landscape
The importance of environmental sustainability and the presence of several Cassava Bags Market players is likely to increase the competition and drive market growth. Mergers & acquisitions are further expected to garner consumer demand and expand the global market size.
- Envigreen Biotech India Pvt. Ltd. – They produced India’s first 100% biodegradable substitute for plastics. Creating these products took shape in 2012 with the support of scientists and environmentalists worldwide.
- Biogreen Bags Co. Ltd. – It was founded by a group of environmental entrepreneurs looking for quality solutions to the problem of petroleum-based plastic products.
- Avani Eco – They provide a full range of sustainable packaging and hospitality products made from renewable and natural ingredients that are fully compostable.
- Affinity Supply Co. supplies compostable food packaging, paper coffee cups, food takeaway containers, bags, and straws.
- Biopac India Co. Ltd. launched its manufacturing business in 1996 with food-grade polystyrene food service products for one-time use.
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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