How has Covid-19 Impacted The Growth Of The Eco Bowls Market?

Eco Bowls Market Overview

Eco bowls are 100% natural, chemical free and eco-friendly material that are used only by natural products directly from Mother Nature. Packaging is an essential part which includes containing and protecting various types of products for storage, distribution, serving, sale and use.

There has been a steady increase in a healthy lifestyle, safe, convenience food and growing industry ad consumer awareness towards eco-friendly products. Eco bowls are made up of bamboo, sugarcane, coconut, paper, and box board. Eco bowls also ensure low cost and low labour cost and also reduces materials wastage.

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Eco bowls are majorly used in food and beverages industry specifically in restaurants. Other than the basic properties, eco bowls work as a remarkable promotional strategy for the food and beverage industry. Eco bowls are widely used as cutlery in various parts of the world. The significance of the eco bowls is spreading with the awareness of the biodegradable products among the consumers.

What Drives the Growth of the Eco Bowls Market?

Eco bowl is widely used in food and beverage industry. Research shows that consumers are preferring and actively looking for sustainable products and packaging. So eco bowl act as an alternative to plastic packaging for frozen, chilled and ambient food. The eco bowl not only protect the food items from plastic utensils or packaging but also help in keeping the item fresh and also increases the shelf life.

The increasing demand for eco-friendly, harmless, and sustainable tableware owing to increasing number of restaurants, and cafes is increasing the demand for biodegradable bowls.

What Restraints the Growth of the Eco Bowls Market?

The restraints that can be considered in the growth of the Eco Bowls market are the awareness regarding the packaging is less and the availability of this type of packaging is also not widely spread. By increasing awareness about the benefits and the availability of the products there is a maximum chance for a better growth of the eco bowl market.

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How is the Growth of the Eco Bowls Market in a Developing Country Like India?

Biodegradable cups are compostable and biodegradable products which is made to diminish the methane emissions, so they are made out of sugarcane, paper and bamboo and many others. In a country like India where agriculture is the main source of economy there are lots of raw materials available.

Rising awareness of the bio degradable products is definitely a factor but also in India since olden time people prefer eating in steel plates and bowls or cutlery made of bamboo or mud and clay or iron. All these are the most sustainable form of packaging for food and beverages.

How the Increasing Adoption of the Eco-Friendly Packaging is Helps to Boost the Eco Bowls Market?

The environmental degradation by the single use of plastic causes a tremendous impact on the environment. This has led to the development of a sustainable choices of the consumer packaging especially in the food and beverages industry. The end users are also subconsciously preferring green products due to the environmental concerns. The companies in the market are constantly innovating to introduce greener secondary packaging products. Thus, the aforementioned trends and initiatives will drive the Eco Bowls market.

Competitive Landscape

Key players involved in the Eco Bowl market are

• Amcor Plc
• Mondi Group
• Crown Holdings
• Huhtamaki Oyj
• WestRock
• Smurfit Kappa
• Sonoco Products Company
• Evergreen Packaging
• Elopak
• DS Smith
• GWP Packaging
• Swedbrand Group
• Paybox
• Buddy Fruits
• GF Harvest
• Others

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What are the Recent Developments in the Eco Bowls Market?

• Winpak company acquired Norwood Printing Inc. and Cheringal Associates which is situated in New Jersey, US .
• Evergreen Packaging invented a renewable ice cream bowl (cup) for selling plant-based ice cream made by a dairy company named NadoMoo in US. This is also known as Sentinel. The material used to make the product is sugarcane based polypropylene board.

How has Covid-19 Impacted The Growth Of The Eco Bowls Market?

Covid-19 had a harsh impact on several industries but Food and beverages industry and the pharmaceuticals industry were one of the very few ones which were having a growth. Eco Bowls are specifically used in food and beverages industry which did not face much problems as it is the most essential item for any consumer. At the initial stage, customers did not bother to purchase food from outside rather preferred preparing and consuming food at home. But as the market started improving people started visiting café and restaurants for take away. People have also started to become more aware of the environmental concerns and at the same time the low expenditure because of the use of the eco-friendly items attracts more and more consumers.

Key Segments of Eco Bowls Market Covered in the Report