Biodegradable foodservice disposable is mainly utilized for packaging of food products. These products are biodegradable so it gets easily decomposed within a certain period of time after its disposal. Food service disposable products aids in packaging food with hygiene and cleanliness at ease. These products are developed in response to the rising awareness about the negative impact of conventional plastics in the environment. Biodegradable foodservice disposable products are categorized into plates, trays & containers, clamshells, cups & bowls, and cutleries.
The Europe biodegradable foodservice disposable market was valued at US$ 1,142.8 million in terms of revenue, in 2018 and is estimated to exhibit a CAGR of 5.6% over the forecast period (2019-2027).
The increasing initiatives by major players to reduce packaging waste is expected to fuel growth of the Europe biodegradable foodservice disposable market over the forecast period. For instance, according to the Coherent Market Insights, Domino’s Pizza, Inc., and Greene King, Greggs plc., and Unilever Food Solutions, along with 65 other hotels in the U.K. agreed to cut down food and associated packaging waste up to 5% by 2015.
The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy of this [email protected] https://www.coherentmarketinsights.com/insight/request-sample/3306
Moreover, consumers are inclining for eco-friendly products, which is expected to propel growth of the Europe biodegradable food service disposable market over the forecast period. This is attributed to rising awareness about green products among consumers. Thus, rising awareness about eco-friendly product among consumers is expected to propel the market growth over the forecast period.
In Europe, U.K. held a dominant position in the Europe biodegradable foodservice disposables market in 2018, accounting for 46.1% market share in terms of revenue, followed by France and Spain respectively.
However, factors such as rate of decomposition of biodegradable disposable food products as its decomposition rate depends on moisture content, temperature, and population of microorganisms in a specific environment. For instance, decomposition rate of biodegradable plastics reduces, when exposed to high temperature. These factors are expected to limit adoption of biodegradable foodservice disposables products to some extent, which is further expected to hamper growth of the Europe biodegradable foodservice disposable market.
Moreover, problems associated with the manufacturing of the biodegradable plastic is expected to hinder the market growth over the forecast period. Biodegradable plastics are produced from plants such as soybeans and corn, which have higher risk of contamination as these crops have exposure to pesticides and may transferred to the finished products. This factor is expected to act as a restraint for Europe’s biodegradable foodservice disposable market growth.
The increasing launches of innovative foodservice solution-based eco-friendly products is expected to offer immense growth opportunities in the near future. For instance, in February 2019, Jem Packaging launched fully recyclable, compostable, biodegradable packs. This packaging solution is biodegradable, home compostable, degradable in 8-14 weeks, breathable and resistant to water.
Moreover, rising need for reducing packaging waste and reducing dependence on petroleum product consumption are expected to propel the market growth. Biodegradable packaging solution helps in reducing the packaging waste as bio-based plastic get to break down easily and can be absorbed by the soil or get converted into compost. Rising adoption of bio-based plastic is reducing the consumption of petroleum as bio-based plastic is completely based on natural products. Hence of adoption of bio-based plastic can significantly reduce petroleum consumption. These factors are expected to drive growth of the market over the forecast period.
On the basis of end user, in 2018, restaurant segment held the largest market share accounting for 34.3% share, in terms of revenue, followed by Foodservice providers and Cafes & Bistro respectively.
Market Trends/Key Takeaways
The rising investments by key players to launch innovative food packaging solution is gaining traction in the market. For instance, in July 2019, around US$ 261.0 million investments was granted to develop new eco-friendly packaging solutions by the Department for Business, Energy & Industrial Strategy. It would invest US$ 78.0 million in the project and businesses up to US$ 194.0 million to help bring into use alternatives made from food waste, plants, and wood chippings. Hence, rising investments for developing innovative solutions is expected to fuel growth of Europe biodegradable foodservice disposable market over the forecast period.
Moreover, increasing number of partnerships among key players is expected to foster the market growth over the forecast period. For instance, in November 2018, Ahlstrom-Munksjö entered into partnership with five companies to develop a new flexible paper-based packaging solution at the lab scale. The objective is to develop a renewable, biodegradable and recyclable flexible paper-based packaging material, by replacing current materials with sustainable ones, in order to reduce the amount of plastic films.
We value your investment and offer customization as per your requirements.
Share your precise requirements @ https://www.coherentmarketinsights.com/insight/request-customization/3306
Key players operating in the market include Biopac (U.K.) Ltd, 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.
Few Recent Developments
In 2015, the company launched egg packaging made from grass fibers. The product was introduced under the brand name of GreeNest. The product is available in retail stores in Germany.
In January 2016, the company acquired FIOMO, A.S., a manufacturer of flexible packaging foils and labels in the Czech Republic. This acquisition was done to expand its footprints in Eastern Europe.
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: [email protected]
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027