Biodegradable Food Service Disposables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
The biodegradable food service market has been witnessing a growing array of food packaging solutions for the food industry. The food industry as a whole, and numerous stakeholders, and the governments around the world has become aware of the carbon-footprint and the adverse impacts on the environments. The drive for biodegradable disposables from food and beverages packaging has gained strength based on this trend. Over the past years, plastic packaging by food service companies have attracted lot of negative criticism. Stakeholders have been trying to reinforce the adoption of packaging that can be disposed of as well as bear minimal impact on the environment at large. Stringent implementation of ban on conventional plastics has reinforced the prospective demand for biodegradable disposables among the food service industry.
Materials used for making biodegradable food service disposables include sugarcane fiber (Bagasse), wheat bran, corn starch, areca nut sheaths, bamboo, palm leaves, and coconut coir,
Advances in packaging manufacturing technologies have led to the utilization of a wide array of compostable materials. Some of the key ones used by manufacturers in the biodegradable food service market are biopolymers, pulp and water, leaves, and wood. The type of packaging also makes large bearing on the shelf-life of food products. Hence, restaurants and catering businesses are increasingly adopting biodegradable materials for disposable utensils and cups. The extensive use of biodegradable disposables in parties and public events in emerging economies in recent years has helped bolster the prospects of the biodegradable food service market.
The growing trend of packaged food consumption in populations, especially in developing and developed nations, has bolstered the need for making disposables greener and the packaging eco-friendly. The biodegradable food service market is also growing from strength-to-strength from growing adoption of eco-friendly packaging among several consumer brands. These brands are expending resources to adopt fully-compostable materials used in food packaging. The numbers of people who go to restaurants or order food from outside are growing in urban settlements in developing economies. This has helped in the expansion of the biodegradable food service market. Over the past few years, the on-the-go food culture has pick up steam considerably. Further, strides made by food catering businesses are boosting the biodegradable food service market.
A growing number of manufacturers in the biodegradable food services market are entering into partnerships, especially with biopastic injection molding service providers. A recent case in point is Danimer Scientific, a U.S.-based biopolymer manufacturer, partnering with UrthPact LLC, which will enable them to produce biodegradable drinking straws for the food service industry. The raw material comprise Danimer Scientific’s biopolymer. The biodegradability of the raw materials has been confirmed by researchers at the University of Georgia (UGA) and New Materials Institute.
Over the past years, in various parts of the world, numerous industry collaborations are taking place to fill the gap for the packaging material for food service companies post the stringent ban on the use of single-use plastics. This has offered a large momentum to the biodegradable food service disposables market. Prominent players are taking initiatives to accelerate the commercialization of biodegradable food service disposables.
Key players in the biodegradable food service disposable market are Bunzl plc., Vegware, Eco Guardian, GreenGood USA, Gold Plast S.p.A, The Jim Pattison Group, and Bionatic GmbH & Co.
Some of the key regional segments of the biodegradable food service disposable market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, Europe is expected to be a prominent region in the global market. The growth in the regional market is propelled by increased awareness about the use of environmentally friendly materials in food packaging. Moreover, extensive consumption of packaged food has spurred the use of biodegradable food service disposals across the catering businesses.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report