Introduction to Sugarcane Containers Market
Increasing awareness among people regarding the growing pollution and detrimental state of the earth, eco-friendly alternatives for plastic are being developed. One such eco-friendly solution is sugarcane containers. After the extraction of sweet sugarcane juice, its leftovers are collected and turned into pulp. With the addition of water to the pulp, it is converted into a paste, which can be pressed and converted into the desired form for creating plates, bowls, and other containers. This is the process by which sugarcane containers are manufactured. The sugarcane plants help in reducing CO2 emission, but the plastics made out of fossil fuels increase the CO2 emission. The sugarcane containers have a high amount of cellulose and fiber, which makes the containers very stable and suitable for higher temperatures up to 200 °C. The added benefit of sugarcane containers is that they are plant-based product making it 100% compostable. The sugarcane containers are perfect for takeaway and fast food outlets for serving hot food. The sugarcane containers are capable of absorbing sweat which enables the food to look good and taste much yummier, unlike when they are served in polystyrene alternative. The sugarcane containers are suitable for microwave, and they can be kept in the freezer as well. A critical factor that distinguishes sugarcane containers from others is that they made out of plants and can be domestically composted. Being locally composted is anticipated to propel their market in the coming future.
To understand how our report can bring difference to your business strategy, Ask for a brochure
Dynamics of Sugarcane Containers Market
The shift from plastics to eco-friendly solutions is happening for real, and it is anticipated that this would propel the market of sugarcane containers as well. The sugarcane containers offer several benefits (like eco-friendly in nature, compostable, and others) over the conventionally used plastics. The traditionally used plastics made from fossil fuels increases CO2 emission and causes a reduction in the non-renewable resource. The compostable sugarcane containers are made out of natural sugarcane and are converted back into stable and straightforward compounds that can be readily absorbed back into nature. The increasing consumer awareness regarding the adverse effects of plastic on our environment is anticipated to drive the sugarcane containers market. To meet consumer needs, many product packaging manufacturers have introduced eco-friendly solutions like sugarcane containers to stay ahead in the market. The sugarcane containers are annually renewable, as they are compostable in 30-90 days. As the sugarcane containers have no plastic coating, they are easily recycled. Sugarcane containers are reliable, durable, provides oil and water resistance, can be kept in the freezer, and are even microwavable. These benefits are anticipated to drive the sugarcane containers market. The sugarcane containers have a low carbon footprint, which is expected to increase their market demand. The green plastic made out of sugarcane has the same characteristics as the conventionally used HDPE. However, the cost of sugarcane containers might exceed that of plastics due to the lengthy process involved, but the environmental benefits of such eco-friendly solutions would outweigh any cons.
Sugarcane Containers Market: Key Development
In November 2017, a skincare manufacturing company called the Bulldog Skincare developed a sugarcane packaging which replaced their traditional plastic tubes.
Stuck in a neck-to-neck competition with other brands? Request a custom report
Sugarcane Containers Market: Segmentation
On the basis of product type, the sugarcane containers market is segmented into –
- Soup Bowls
- Appetizer trays
On the basis of application, the sugarcane containers market is segmented into –
- Prepared meals
- Frozen food
- Meat products
- Dairy products
Sugarcane Containers Market: Key Players & Trends
The key players in Sugarcane Containers market are –
- Eco-Products, Inc.
- Biofutura B.V.
- Biopak pty Ltd.
- Dart Container Corporation
- Kaufman Container
- Visfortec pvt
- Genpak LLC
- Geotegrity, Inc.
Sugarcane Containers Market: Regional Outlook
The sugarcane byproducts are used as substitutes for wood in many tropical and sub-tropical countries like India, Argentina, China and others, for the production of paper, board, and pulp to make containers. The sugarcane containers market is anticipated to grow in the coming future. The stringent regulations in Europe would propel the eco-friendly products market, this would play a key role in propelling the sugarcane containers market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with caulk tubes market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.