The global biodegradable food service disposables market reached a value of US$ 2.5 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Biodegradable foodservice disposables are produced from naturally occurring materials, such as corn, potatoes, sugar cane waste and grass. These disposables require fewer resources and low energy and generate only a minimal amount of pollutants and solid wastes during the production process. They are employed in both the commercial and residential sectors across the globe, on account of their convenience, minimal maintenance, low risk of contamination and environment friendliness.
Market Trends:
Due to the rapid spread of the coronavirus disease (COVID-19), the sales of biodegradable foodservice disposables are currently experiencing a significant increase as most individuals now prefer these disposables to prevent the risk of transmission. Moreover, hectic lifestyles and inflating disposable incomes of individuals are escalating the demand for packaged food products across the globe. This, along with the growing environmental concerns, is contributing to the market growth. Furthermore, governments of numerous countries are implementing laws to prohibit the utilization of non-renewable materials, which is expected to influence the market growth in the coming years.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Segmentation:
Regional Insights:
Europe
North America
Asia Pacific
Latin America
Middle East and Africa
Material Type Insights:
Pulp and Paper
Biopolymers
Leaves
Wood
Product Type Insights:
Cups
Clamshells and Containers
Plates
Cutleries
Others
Distribution Channel Insights:
B2C (business to customer)
B2B (business to business)
View Report TOC, Figures and Tables: https://www.imarcgroup.com/biodegradable-food-service-disposables-market
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