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Europe Biodegradable Foodservice Disposable Market

Europe Biodegradable Foodservice Disposable Market<br>

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Europe Biodegradable Foodservice Disposable Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. EUROPE BIODEGRADABLE FOODSERVICE DISPOSABLE MARKET ANALYSIS Europe Biodegradable Foodservice Disposable Market, By Product Type (Plates, Trays & Containers, Clamshells, Cups & Bowls, Cutleries), By Raw material (Bioplastics (Polylactic Acid (PLA), Biodegradable Starch Blends), Pulp & Paper, Leaves & Wood, Others), By End user (Hospitality, Restaurant, Cafés and Bistro, Bars & Pubs, Clubs, Institutions, Foodservice providers), By Distribution channel (Wholesaler, Hypermarket/supermarket, Cash & Carry, Logistic Provider, Distributors, Online) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Europe Biodegradable Foodservice Disposables Market 2017 – 2027Biodegradable foodservice disposable is basically used for packaging of the food products. These products are biodegradable that degrade under a certain period of time after disposal in the environment. Food service disposable products serve greater ease of packaging the food with hygiene and cleanliness. Theses product developed in response to the rising awareness regarding the negative impact of conventional plastics in the environment. Biodegradable foodservice disposable products can be classified into plates, trays & containers, clamshells, cups & bowls, and cutleries.The Europe biodegradable foodservice disposable market was estimated to account for US$ 1,142.8 million in terms of revenue in 2018 and is predicted to grow at a CAGR of 5.6% during the forecast period (2019 to 2027). • Drivers • Increasing initiatives by the manufacturer to reduce the waste is predominantly fueling the growth of the Europe biodegradable foodservice disposable market over the forecast period. For example, 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 food and associated packaging waste up to 5% by 2015. Hence, rising such initiatives is expected to propel the market growth over the forecast period. • Shifting preferences of the consumer for eco-friendly products is projected to propel the growth of the Europe biodegradable food service disposable market. Due to rising awareness regarding the green products consumer purchasing decisions is being increasingly changing as they actively seek information on how products are produced and from what they are made. Hence, rising awareness regarding the eco-friendly product among consumers is expected to propel the market growth.  • In Europe, U.K. dominated the Europe biodegradable foodservice disposables market in 2018, reporting 46.1% market share in terms of revenue, followed by France and Spain, respectively.

  4. Figure 1. Europe Biodegradable Foodservice Disposables Market, Revenue Share (%), By Country, 2018

  5. Market Restraints • The factor such as rate of decomposition of biodegradable disposable food products as its degradability completely depends on the moisture content, temperature, and population of microorganisms in a specific environment. For example, the performance of biodegradable plastics gets decreased when exposed to high temperatures. This factor is expected to restrict the adoption of biodegradable foodservice disposables products to some extent. Thereby, hindering the growth of the Europe biodegradable foodservice disposable. • The problem associated with the manufacturing of the biodegradable plastic is expected to curb the market growth of the biodegradable foodservice disposable. Bio-based plastics are produced from plants such as soybeans and corn, which have a high risk of contamination as the crops which are typically sprayed with the pesticides on the farm and can be transferred to the finished products. This factor is expected to act as a restraint for Europe's biodegradable foodservice disposable.

  6. Market Opportunities • Increasing the launch of innovative foodservice solution based eco-friendly products is projected to offer immense growth opportunities in the near future. For instance, in February 2019, Jem Packaging has launched fully recyclable, compostable, biodegradable packs. This packaging solution is biodegradable, home compostable, degradable in 8-14 weeks, and breathable but water-resistant; and a carton pack. Hence, the increasing launch of such an eco-friendly packaging solution is expected to foster the growth of Europe biodegradable foodservice disposable. • Rising need for reducing waste and reduce the reliance on petroleum product consumption is expected to propel the market growth. Biodegradable packaging solution helps in reducing the 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. The aforementioned advantage associated with the adoption of bio-based packaging solution is projected to hinder the market growth. 

  7. Figure 2. Europe Biodegradable Foodservice Disposables Market - Opportunity Analysis

  8. Market Trends • Rising investment by a major manufacturer to launch the innovative food packaging solution is gaining traction in the market. For instance, in July 2019, approximately US$ 261.0 million investment fund has been announced 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 investment for developing innovative solutions is projected to fuel the growth of Europe biodegradable foodservice disposable. • An increasing number of partnerships among the key players is projected to foster the growth of Europe biodegradable foodservice disposable. For instance, in November 2018, Ahlstrom-Munksjö has partnered with five companies to produce 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 by more sustainable ones, in order to the reduced amount of plastic films.

  9. Figure 3. Europe Biodegradable Foodservice Disposables Market, Revenue Share (%), By Product Type, in 2018

  10. Competitive Section: • Major Players active in the market are 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 • Huhtamaki Group • In 2015, the company introduced egg packaging made from grass fibers. The product was introduced under the brand name of GreeNest. The product is also available in retail stores in Germany.  • 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

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/market-insight/europe-biodegradable-foodservice-disposable-market-3306

  12. About Us 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. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-67 Email : sales@coherentmarketinsights.com

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