Expert Market Research’s new report titled, ‘Global Biodegradable Foodservice Disposables Market Report 2021-2026’, provides an in-depth analysis of the global Biodegradable Foodservice Disposables market, assessing the market by based on its segments like commodity type, product type, distribution channel and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 2.6 billion USD
- Forecast CAGR (2021-2026): 6%
- Forecasted market size (2026): 3.7 billion USD
Environmental issues resulting from the increased use and disposal of paper disposables have given the foodservice biodegradable disposables market significant opportunities to grow. Additionally, plastic bans in a number of countries, along with increased consumer understanding of the environmental effects of disposable plastic and paper products, have resulted in a preference for fully biodegradable alternatives. Factors such as rapid urbanization, sedentary lifestyles, and a shifting food culture are expected to fuel the market growth over the forecast period.
Industry definition and major segments
Components used to serve food and beverages that are made from natural raw materials and easy to dispose of are known as biodegradable catering disposables. These products have no negative effects on the environment and are therefore considered safe to consume.
The industry is segmented on the basis of raw material type into:
- Pulp and paper
On the basis of product type, the market is split into:
- Shells and containers
On the basis of distribution channel, the market is segmented into:
- Business to Customer (B2C)
- Business to business (B2B)
The business-to-business (B2B) segment is divided into supermarkets and hypermarkets, online stores and others.
Regionally, the industry can be divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
A growing number of manufacturers in the foodservice biodegradable disposables market are forming alliances, especially with bioplastic injection molding service providers. For example, Danimer Scientific, a US-headquartered biopolymer manufacturer, recently partnered with UrthPact LLC to develop biodegradable straws for the foodservice industry. Danimer Scientific’s biopolymer is the raw material. Researchers from the University of Georgia (UGA) and the New Materials Institute have verified that the raw materials are biodegradable. Such collaborations are expected to drive the growth of the biodegradable disposable catering products market.
Explore Full Report with TOC: https://www.expertmarketresearch.com/reports/biodegradable-food-service-disposables-market
Main market players
The major market players are Dart Container Corporation, Pactiv LLC, WestRock Company and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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