According to IMARC Group’s latest report, titled “Biodegradable Food Service Disposables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global biodegradable food service disposables market reached a value of US$ 6.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10 Billion by 2027, exhibiting at a CAGR of 6.8% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Biodegradable disposables are environment-friendly alternatives of plastic and paper disposables. They are primarily manufactured using naturally derived substances such as corn starch, wheat bran, bamboo, sugarcane fiber (Bagasse), areca nut sheaths, and dried leaves including palm leaves and coconut coir. In comparison with non-biodegradable disposables, biodegradable disposables can break down completely over time by the action of biological organisms and processes. They also minimize the buildup of waste and contribute to a safer, cleaner and healthier environment. As a result, the demand for biodegradable food service disposables is increasing across the globe.
Market Trends and Drivers:
The market is experiencing moderate growth owing to the growing environmental concerns and shifting consumer preferences toward eco-friendly products. Moreover, governments in several countries are implementing bans on plastic products and stringent regulations to control landfills. Apart from this, food service providers and non-governmental organizations are undertaking initiatives for reducing plastic and paper waste by introducing various awareness campaigns. This, in turn, is boosting the overall usage of eco-friendly products like biodegradable food service disposables. Additionally, the easy availability of raw materials for the production of these disposables acts as another growth-inducing factor. Further, rapid urbanization, sedentary lifestyles and on-the-go food culture are anticipated to fuel the growth of the market in the upcoming years.
Key Market Segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Breakup by Raw Material Type:
- Pulp and Paper
Breakup by Product Type:
- Clamshells and Containers
Breakup by Distribution Channel:
- B2C (business to customer)
- Supermarkets and Hypermarkets
- Online Stores
- B2B (business to business)
Competitive Landscape With Key Players:
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry.
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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