Cassava Bags Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 69.45 Million |
| Market Size (2029) | USD 95.05 Million |
| CAGR (2024 - 2029) | 6.48 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cassava Bags Market Analysis
The Cassava Bags Market size is estimated at USD 69.45 million in 2024, and is expected to reach USD 95.05 million by 2029, at a CAGR of 6.48% during the forecast period (2024-2029).
Cassava bags, produced from cassava root starch, dissolve in hot water without leaving toxic residue, offering an alternative to petroleum-based plastic bags.
- The increasing global awareness of plastic's environmental impact has led to the adoption of cassava-based bags as a biodegradable and compostable option. These bags generate fewer carbon emissions during production compared to conventional plastic bags, encouraging businesses and governments to adopt these sustainable materials.
- In regions with advanced waste management systems, cassava bags can be processed with organic waste, reducing landfill pressure and improving waste recovery. Their biodegradability and compostability contribute to a circular economy, allowing for reuse or safe return to the environment without pollution. This factor significantly drives market growth.
- The market growth is propelled by the increasing use of cassava bags in agriculture and food packaging, where biodegradable, non-toxic materials are essential for product storage and transport. The retail sector, including fashion brands, is also shifting towards sustainable packaging alternatives. Cassava bags serve as a viable option for carrying items and appeal to eco-conscious fashion brands aiming to reduce their environmental impact.
- The cassava bag industry faces several challenges as it expands and competes with traditional plastic alternatives. Cassava, primarily grown in tropical regions, is subject to availability fluctuations due to seasonal variations, weather conditions, or land use changes. The potential for large-scale cassava production for bags may put pressure on local agriculture if demand increases significantly.
Cassava Bags Market Trends
Organic Segment is Expected to Dominate the Market
- The demand for organic cassava bags is increasing due to global trends in sustainability, eco-consciousness, and the push for environmentally friendly packaging solutions. Cassava, a starchy root crop native to South America and now grown in many tropical regions, particularly in Africa and Asia, has become a sustainable alternative to traditional plastic packaging.
- Organic cassava is cultivated without synthetic pesticides, herbicides, or chemical fertilizers, ensuring it is free from harmful residues that could pose health risks to consumers. This organic cultivation method often allows for higher selling prices than conventionally grown cassava, making it a potentially profitable crop for farmers who adopt organic practices. As global awareness of health and sustainability grows, the increasing demand for organic products, including cassava, creates opportunities for smallholder farmers in emerging markets to access new markets.
- The increasing consumer demand for sustainable and organic packaging has prompted many companies to explore alternatives to plastic, including cassava-based bags. Consumer awareness of environmental issues and the preference for plastic-free products have encouraged companies to seek eco-friendly solutions for food packaging.
- Cassava production growth in South America, particularly in Brazil, has substantial economic, agricultural, and social impacts. The Brazilian Institute of Geography and Statistics reports that cassava production in Brazil reached 17.7 million metric tons in 2022. This figure is projected to increase to 18.25 million metric tons in 2023. Cassava, also known as manioc or yuca, is a starchy tuber crop of significant importance in the region.
Asia Pacific Expected to Hold High Market Share
- The popularity of cassava bags is growing in the Asia Pacific region for several key reasons, driven by environmental concerns, economic factors, and sustainability trends. Made from the root of the cassava plant, cassava bags are an alternative to conventional plastic bags, offering a biodegradable and eco-friendly solution that drives the product's popularity in the region.
- Additionally, cassava bags are made from a renewable resource and are completely biodegradable. Unlike plastic, which can take hundreds of years to break down, cassava bags decompose naturally within weeks or months, making them preferable for environmentally aware consumers and businesses. Consumers are becoming more eco-conscious, particularly in India, Indonesia, and the Philippines. They are increasingly seeking sustainable products, including eco-friendly packaging, which boosts the demand for cassava bags.
- Cassava is a widely grown crop in the Asia Pacific region, especially in countries such as Thailand, Indonesia, and the Philippines. Its availability makes it a cost-effective raw material for producing eco-friendly bags. The production of cassava-based products supports local agriculture and creates new economic opportunities. According to data by the Office of Agricultural Economics (OAE), the production volume of cassava in Thailand was at 29 Million Metric Tons in 2020 which increased to 30.61 Million Metric Tons in 2023.
Cassava Bags Industry Overview
The Cassava Bags Market exhibits consolidation, with key players including Avani Eco, Evoware, Biogreen Bags Co. Ltd., Oikos PH and Affinity Supply Co. These companies are at the forefront of product innovation, focusing on providing sustainable packaging solutions for various end-use industries. To capture a larger global market share, these players actively engage in strategies such as research and development, launching new products, forming collaborations and partnerships, and pursuing mergers and acquisitions.
Cassava Bags Market Leaders
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Biogreen Bags Co. Ltd.
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Avani Eco
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Evoware
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Oikos PH
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Affinity Supply Co.
*Disclaimer: Major Players sorted in no particular order
Cassava Bags Market News
- July 2024: Ecostarch, a Nagaland-based MSME, has established a facility in Mokokchung, Nagaland, to manufacture bioplastic bags from Cassava plants. The company is encouraging farmers within a 30-40 km radius of the production facility to engage in Cassava cultivation. The unit currently has a production capacity of approximately 3 tons per month. Ecostarch aims to develop a manufacturing unit for biodegradable films and bags suitable for food packaging and carry bags, using locally sourced cassava starch from farmers.
- January 2024: Evoware, an Indonesian company, presented its sustainable innovations at Trade Expo Indonesia. The company's products included water-soluble seaweed-based packaging, cassava bags, durable sugarcane lunch boxes, and edible rice straws. This global event provided Evoware with an opportunity to connect with potential partners and foster international collaborations.
Cassava Bags Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Trend of Sustainability to Drive the Product Demand
5.1.2 Growing Use of Cassava Bags for Agriculture and Food Packaging
5.2 Market Challenge
5.2.1 Availability Challenges for Cassava Due to Seasonal Variations
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Type
7.1.1 Grip-Hole
7.1.2 T-Shirt
7.1.3 Garbage
7.2 By Category
7.2.1 Organic
7.2.2 Conventional
7.3 By End-Use
7.3.1 Food & Beverages
7.3.2 Animal Feed
7.3.3 Other End-Uses
7.4 By Geography***
7.4.1 North America
7.4.1.1 United States
7.4.1.2 Canada
7.4.2 Europe
7.4.2.1 Germany
7.4.2.2 France
7.4.2.3 Italy
7.4.2.4 Spain
7.4.3 Asia
7.4.3.1 China
7.4.3.2 India
7.4.3.3 Japan
7.4.4 Australia and New Zealand
7.4.5 Latin America
7.4.5.1 Brazil
7.4.5.2 Mexico
7.4.6 Middle East and Africa
7.4.6.1 Saudi Arabia
7.4.6.2 United Arab Emirates
7.4.6.3 South Africa
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Avani Eco
8.1.2 Biogreen Bags Co. Ltd.
8.1.3 Evoware
8.1.4 Oikos PH
8.1.5 Affinity Supply Co.
8.1.6 Envigreen Biotech India Co. Ltd.
8.1.7 SainBag
8.1.8 Cassava Bag Australia
- *List Not Exhaustive
8.2 Heat Map Analysis
8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
Cassava Bags Industry Segmentation
Cassava bags are environmentally friendly containers produced from cassava starch, a root vegetable prevalent in tropical regions. These bags serve various purposes, including use as shopping carriers, food packaging, and product wrappers. They are becoming increasingly popular among environmentally conscious consumers seeking to minimize their ecological impact. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The cassava bags market is segmented by type (Grip-Hole, T-shirt, and Garbage), category (Organic and Conventional), end-use (Food & Beverages, Animal Feed and Other End-Uses), and geography (North America, Europe, Asia Pacific, South America, Middle East, and Africa). The market sizing and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Grip-Hole | |
| T-Shirt | |
| Garbage |
| By Category | |
| Organic | |
| Conventional |
| By End-Use | |
| Food & Beverages | |
| Animal Feed | |
| Other End-Uses |
| By Geography*** | ||||||
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| Australia and New Zealand | ||||||
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Cassava Bags Market Research FAQs
How big is the Cassava Bags Market?
The Cassava Bags Market size is expected to reach USD 69.45 million in 2024 and grow at a CAGR of 6.48% to reach USD 95.05 million by 2029.
What is the current Cassava Bags Market size?
In 2024, the Cassava Bags Market size is expected to reach USD 69.45 million.
Who are the key players in Cassava Bags Market?
Biogreen Bags Co. Ltd., Avani Eco, Evoware, Oikos PH and Affinity Supply Co. are the major companies operating in the Cassava Bags Market.
Which is the fastest growing region in Cassava Bags Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cassava Bags Market?
In 2024, the Asia Pacific accounts for the largest market share in Cassava Bags Market.
What years does this Cassava Bags Market cover, and what was the market size in 2023?
In 2023, the Cassava Bags Market size was estimated at USD 64.95 million. The report covers the Cassava Bags Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cassava Bags Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cassava Bags Industry Report
Statistics for the 2024 Cassava Bags market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cassava Bags analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
