Rising Issues of Plastic and Paper Disposables Impelling Market Growth
The rising disposal issues of plastic and paper disposables currently represent one of the primary drivers of biodegradable food service disposables. The plastic and paper disposables cause costly waste contamination problems for local authorities, which in turn, is catalyzing the demand for biodegradable alternatives as compared to non-biodegradable materials. In addition, biodegradable disposables can be disposed into landfills naturally without creating any negative impact on the environment, which is contributing to the growth of the market.Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with several small and large players operating in the industry. The volume of new entrants is high in the biodegradable food service disposables industry due to the easy access to distribution network and low capital investment. In addition, the product differentiation and switching costs are low in the biodegradable food service disposables industry.
- What are Biodegradable Food Service Disposables?
COVID-19 Impact:
The COVID-19 pandemic outbreak has caused a severe problem for the biodegradable food service disposables industry and imposed unprecedented challenges on numerous countries. There was a closure of ports, numerous trade restrictions, and supply chain disruptions across the globe due to the pandemic, which caused shortages and high raw materials prices. In addition to this, the production of biodegradable disposables was halted on account of the closure of manufacturing units. Moreover, shut down of restaurants, cafes, pubs, and other food service chains has led to a decline in the demand for disposables around the world. Besides this, exports and imports of raw materials were restricted due to the fear of the widespread coronavirus. Border closures caused various challenges for companies with extended supply chains and led to huge losses in revenues for a firm. The imposition of stringent movement and travel bans across the globe has hampered the demand for biodegradable food service disposables. However, governing agencies of various countries have reopened the lockdown, which is projected to increase the sales of biodegradable disposables around the world in the coming years. Additionally, post-pandemic, various food takeaway services are utilizing disposable cutleries packaging to ensure the safety and hygiene of food products.Biodegradable Food Service Disposables Market Trends:
At present, the increasing disposal issues of plastic, as it is a non-biodegradable product, represents one of the key factors contributing to the growth of the market. Additionally, the rising consumer awareness about utilizing environment friendly products that assist in maintaining hygiene and safety is offering lucrative growth opportunities to industry investors. Apart from this, governing agencies of various countries are encouraging the adoption of biodegradable disposables by imposing a ban on plastic cups, which is offering a positive market outlook. In addition to this, the wide and easy availability of raw materials used in the manufacturing of biodegradable food service disposables is strengthening the growth of the market. Moreover, the rising focus on biodegradable alternatives due to the lack of recycling facilities for paper and plastic disposables around the world is propelling the growth of the market. Besides this, the growing adoption of biodegradable disposables in the food and beverage (F&B) industry due to the rising demand for ready-to-eat (RTE) products among the masses across the globe is positively influencing the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global biodegradable food service disposables market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on raw material type, product type and distribution channel.Raw Material Type Insights:
- Pulp and Paper
- Biopolymers
- Leaves
- Wood
Product Type Insights:
- Cups
- Clamshells and Containers
- Plates
- Cutleries
- Others
Distribution Channel Insights:
- Business to Business (B2B)
- Business to Customer (B2C)
- Supermarkets and Hypermarkets
- Online Stores
- Others
Regional Insights:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global biodegradable food service disposables market.Key Questions Answered in This Report
1. What was the size of the global biodegradable food service disposables market in 2023?2. What is the expected growth rate of the global biodegradable food service disposables market during 2024-2032?
3. What are the key factors driving the global biodegradable food service disposables market?
4. What has been the impact of COVID-19 on the global biodegradable food service disposables market?
5. What is the breakup of global biodegradable food service disposables market based on the product type?
6. What is the breakup of global biodegradable food service disposables market based on the raw material type?
7. What is the breakup of the global biodegradable food service disposables market based on the distribution channel?
8. What are the key regions in the global biodegradable food service disposables market?
Table of Contents
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | March 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( US$ | US$ 7.7 Billion |
Forecasted Market Value ( US$ | US$ 12.3 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |