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The global biodegradable food service disposals market size was valued at US$ 2.5 Billion in 2020.
According to the estimates by IMARC Group, the global biodegradable food service disposals market is expected to exhibit moderate growth during 2021 to 2026.
The implementation of stringent regulations pertaining to the ban on single use plastic represents one of key drivers for the global biodegradable food service disposals market.
The emerging trend of on-the-go food consumption along with the growing number of online food delivery services represent some of the key trends in the global biodegradable food service disposals market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of biodegradable food service disposals.
On the basis of the product type, the market has been bifurcated into cups, clamshells and containers, plates, cutleries, and others. Currently, cups hold the majority of the total market share.
On the basis of the raw materials, the market has been divided into pulp and paper, biopolymers, leaves, and wood. Among these, pulp and paper represent the largest segment.
On the basis of the distribution channel, the market has been divided into B2C (business to customer) and B2B (business to business). At present, B2B (business to business) holds the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global biodegradable food service disposals market are Huhtamaki, Dart Container Corporation, Practiv LLC, Georgia Pacific LLC, Clearwater Cooperation, Biopac (UK) Ltd., Go-Pak Ltd., and Genpak LLC.
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