| Source: Transparency Market Research Transparency Market Research
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Wilmington, Delaware, United States, Sept. 16, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – A study by Transparency Market Research (TMR) notes the global compostable tableware market is prognosticated to reach a value of US$ 1.16 Bn by 2031. Furthermore, the TMR report states that the market is expected to develop at a CAGR of 6.5% during the forecast period, from 2022 to 2031.
The adoption of compostable tableware is being increasing across the globe as these products are 100% biodegradable and natural. These products are gaining impetus as they are manufactured using environmental-friendly raw materials. Moreover, compostable tableware items are being manufactured according to the dining or serving requirements in households or commercial places. Such factors are expected to fuel the growth prospects in the global compostable tableware market during the forecast period, state analysts at TMR.
Players operating in the compostable tableware market are focusing on manufacturing different products including disposable cups and disposable paper plates in varied shapes, sizes, and prints as per the demand from the end-users. Moreover, they are investing heavily in R&Ds in order to develop customized designs so as to fulfill the current needs of a broad range of end-users including restaurants, corporate offices, and hotels. Such initiatives are prognosticated to help in the expansion of the global compostable tableware market during the forecast period.
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Compostable Tableware Market: Key Findings
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Compostable Tableware Market: Growth Boosters
Compostable Tableware Market: Regional Analysis
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Compostable Tableware Market: Key Players
Some of the key players profiled in the report are:
Compostable Tableware Market Segmentation
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