Europe Biodegradable Foodservice Disposable Market was valued at US$ 1,426.5 Million in 2022 and is estimated to reach US$ 2,389.2 Million by 2030, exhibiting a CAGR of 6.7% during the forecast period (2023-2030).
According to Europe Biodegradable Foodservice Disposable Market Report, By Product Type (Plates, Trays & Containers, Clamshells, Cups & Bowls, and Cutleries), By Raw material (Bioplastics (Polylactic Acid (PLA), and Biodegradable Starch Blends), Pulp & Paper, Leaves & Wood, and Others), By End User (Hospitality, Restaurant, Cafés and Bistro, Bars & Pubs, Clubs, Institutions, and Foodservice providers), By Distribution channel (Wholesaler, Hypermarket/Supermarket, Cash & Carry, Logistic Provider, Distributors, and Online) as highlighted in a new report published by Coherent Market Insights.
Biodegradable foodservice disposable are the packaging product that is essential for the food industry, in order to maintain the hygiene and convenience of the customer. These products are easily recycled, and maintains environmental sustainability without leaving any negative impact. Thesecan be produced by raw materials such as bio plastics, pulp & paper, leaves & wood, and others. Some of the major end user of biodegradable foodservice disposable are hotel & other accommodation facilities, restaurant, café and bistro, bars & pubs, clubs (beach & country and, sports clubs), institutions, foodservice providers/caterers.
Europe Biodegradable Foodservice Disposable Market: Drivers
Growing government regulations boosting the demand
Rising initiatives by various government and non-government associations for introducing new plans and schemes, in order to promote the usage of biodegradable food containers in hotels & restaurants such as takeaway and quick service restaurant is driving the market growth. For instance, in October 2021, to increase its manufacturing capacity and workforce, Placon, the top thermoformer of durable plastic packaging in North America, purchased a former Sonoco packaging facility in Wilson, North Carolina. The agreement assisted in meeting the demand for production capacity in the retail and healthcare markets as well as in strengthening Placon's position as a leader in the thermoforming of environmentally friendly recycled PET packaging.
Europe Biodegradable Foodservice Disposable Market: Trends
Increasing production capacity for boosting the production of bio-based food packaging solutions is expected to drive the Europe biodegradable foodservice disposable market. The market for biodegradable foodservice disposables is expected to grow as a result of increased rules and regulations by Europe to encourage the use of bio-based plastic.
To know the latest trends and insights prevalent in this market, click the link below:
Key Takeaways
- Among distribution channel, Hypermarket/Supermarket dominated the Europe biodegradable foodservice disposable market in 2022, accounting for 26.3% of market share, in terms of revenue, followed by distributors and online.
- Major Players active in the market are BioPak, Huhtamaki Group, Bionatic GmbH & Co. KG, I.L.P.A. S.p.A. Group, The Jim Pattison Group, GreenGood USA, Gold Plast S.P.A, Vegware, Eco Guardian, and Bunzl plc
- The coronavirus has helped consumers in understanding the value of being prepared and prioritizing their health, as well as increasing demand for packaged foods in the area. Many companies had modified the product packaging. Packaging is now viewed as a crucial link between consumers and businesses in order to effectively communicate that hygiene standards are upheld and consumer safety is a priority and brands.
- The government in the European region is promoting the usage of the bio-based packaging solution for reducing the greenhouse gas levels in the atmosphere, and this is expected to drive growth of the Europe biodegradable foodservice disposable market.
Europe Biodegradable Foodservice Disposable Market- COVID-19 impact
The COVID-19 pandemic had a negative impact on the global market. The pandemic's long-term effects on the in the foodservice industry since disposables depend on a number of factors, such as how long the pandemic lasts and how quickly the foodservice industry recovers, they are still unknown. With the COVID-19 outbreak, many businesses have abandon the sustainability objective of outlawing plastic. According to National Library of Medicine studies, the virus can spread through cardboard and plastic, and this has led to increase in the usage of single-use materials in supermarket product packaging.
