Market Snapshot:
Unlike paper and plastics, biodegradable foodservice disposables are totally biodegradable and, as they degrade, release important nutrients into the earth, making it more fertile. As a result, they can be disposed of in a landfill, avoiding the cost of solid waste disposal. There have been various recent initiatives aimed at prohibiting the use of plastic disposables. The global biodegradable foodservice disposables market grew as a result of these activities. Furthermore, people's increased knowledge of the detrimental effects of plastic on the environment has prompted them to seek better alternatives. This is also a crucial reason driving the worldwide biodegradable food sector forward. To offer diverse food products, an increasing number of restaurants are using disposable plates, cups, trays, bowls, and other items. The majority of restaurants have begun to offer catering services, which has resulted in an increase in the use of food service disposables. Furthermore, a rising number of clients are turning to restaurants for catering services, particularly during special occasions. Meanwhile, retail businesses and the hotel industry have begun to use foodservice disposables to provide a variety of food products in recent years.
Highlights from Biodegradable Foodservice Disposables Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
The key Vendors profiled in the report are Huhtamaki Group (Finland), Biopac (United Kingdom), Bionatic GmbH & Co (Germany), The Jim Pattison Group (Canada), Gold Plast S.p.A, (Italy), GreenGood (United States), Eco Guardian (Canada), Vegware (United Kingdom) and Bunzl plc (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Biodegradable Foodservice Disposables market presents a comprehensive analysis of the Biodegradable Foodservice Disposables market by product type (Pla-based, Starch-based and Other), by end-user/application (Household, The foodservice providers/caterers and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Biodegradable Foodservice Disposables industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Biodegradable Foodservice Disposables market
Analyst at AMA have segmented the market study of Global Biodegradable Foodservice Disposables market by Type, Application and Region.
Influencing Trend:
Growing Awareness about Biodegradable Foodservice DisposablesGrowing Awareness about Biodegradable Foodservice Disposables
Market Growth Drivers:
Increasing Demand from Food and Restaurant Industry and Growing Party and Party Culture in People
Challenges:
Alternatives Available
Restraints:
High Cost of product
Opportunities:
Increasing Investment and Growing Trend of Packaged Food Consumption
Market Developments Activities:
In October 2021, Placon, North America's leading thermoformer of durable plastic packaging, is expanding its manufacturing capacity and workforce with the acquisition of a former Sonoco packaging facility in Wilson, North Carolina. The agreement will help meet existing production capacity needs in the retail and medical markets and further expand Placon's leadership in thermoforming of sustainable recycled PET packaging.
In January 2020, SelfEco launched a compostable beverage line to address the environmental challenges of the growing food service industries in the United States and Canada. Products are environmentally friendly, wood-free, oil-free, BPA-free and 100% compostable. This new innovation will help the company to expand its product portfolio.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Manufacturers of Biodegradable Disposables, Suppliers of Biodegradable Disposables, Wholesalers, Distributors and Retailers of Biodegradable Disposables, End-User and Raw Material Providers