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Report DescriptionAbout IMARC Group
from Biodegradable Food Service Disposables Market Demand, Trends and Business Opportunities 2022-2027
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Global Biodegradable Food Service Disposables Market Research Report 2022-2027:
IMARC Group's latest report, titled “ BiodegradableFoodService Disposables Market: Global Industry Trends, Share,Size, Growth,Oppo rtunity and Forecast2022-2027
”, the global biodegradable food service disposables market reached a value of US$ 6.8 Billion in 2021.
Biodegradable disposables are environment-friendly alternatives of plastic and paper disposables. They are primarily manufactured using naturally derived substances such as corn starch, wheat bran, bamboo, sugarcane fiber (Bagasse), areca nut sheaths, and dried leaves including palm leaves and coconut coir. In comparison with non-biodegradable disposables, biodegradable disposables can break down completely over time by the action of biological organisms and processes. They also minimize the buildup of waste and contribute to a safer, cleaner and healthier environment. As a result, the demand for biodegradable food service disposables is increasing across the globe.
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Global Biodegradable Food Service Disposables Market Trends:
The market is experiencing moderate growth owing to the growing environmental concerns and shifting consumer preferences toward eco-friendly products. Moreover, governments in several countries are implementing bans on plastic products and stringent regulations to control landfills. Apart from this, food service providers and non-governmental organizations are undertaking initiatives for reducing plastic and paper waste by introducing various awareness campaigns.
This, in turn, is boosting the overall usage of eco-friendly products like biodegradable food service disposables. Additionally, the easy availability of raw materials for the production of these disposables acts as another growth-inducing factor. Further, rapid urbanization, sedentary lifestyles and on-the-go food culture are anticipated to fuel the growth of the market in the upcoming years.
Looking forward, the global biodegradable food service disposables market size is projected to reach a value of US$10 Billionby2027, expandingata CAGR of6.8%during 2022-2027.
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