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The Latin America biodegradable food service disposables market is currently witnessing moderate growth. Biodegradable food service disposables are eco-friendly alternatives to plastic and paper disposables. They are produced from naturally occurring raw materials like sugarcane fiber or bagasse, corn starch, areca nut sheaths, dried leaves of the palm tree and coconut coir. These disposables are gaining popularity in Latin America as they help reduce the buildup of waste, thereby contributing to a cleaner, safer and healthier environment. Biodegradable disposables are utilized across various fast-food restaurants due to their compostable nature, which releases valuable nutrients into the soil to make it fertile.
The Latin America biodegradable food service disposables market is primarily driven by the ban on single-use plastic materials in the region. For instance, Chile has become the first Latin American country to approve the nationwide ban on single-use plastic bags. Argentina and Mexico have also enforced a ban on plastic bags. Besides this, countries like Belize and Guatemala have joined the ‘Clean Seas’ campaign initiated by the United Nations for reducing the consumption of single-use plastic and eradicating the use of microbeads. This ban on plastic materials and single-use plastics has increased the use of biodegradable disposables in the food service sector. Furthermore, rapid urbanization, sedentary lifestyles and the rising on-the-go food culture are some of the other factors positively impacting the market growth. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America biodegradable food service disposables market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, raw material type, product type and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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