European Biodegradable Foodservice Disposables Market to Reach $1.43 Billon by 2022

 

Persistence Market Research (PMR), India, announced yesterday (May 11) that the company has published a new report, titled "Europe Market Study On Biodegradable Foodservice Disposables: Achieving "Zero Waste" Economy Has Encouraged the Adoption of Environmentally Sustainable Business Practices," stating that the Europe biodegradable food service disposables market is estimated to be valued at $986 million by the end of 2015 and is anticipated to expand at a CAGR of 5.5% over 2015-2022 in terms of value, to reach a market value of $1,429.9 million (rounded to $1.43 billion) by 2022. 

The European study group's (U.K. Spain, France, and Switzerland) biodegradable food service disposables market is driven by increasing consumer adoption of ecofriendly products and a rise in the number of food service providers seeking sustainable business practices. Moreover, increasing tax on landfill collection, coupled with increasing price of fossil fuel, is further expected to drive market growth in the region over the forecast period.

On the basis of type, the Europe biodegradable food service disposables market has been segmented into plates, trays & containers, cutleries, cups & containers, and clam shells. The cups & bowls segment dominated the market with a revenue share of 33.7% in 2014 and is projected to maintain its dominance through 2022. Increased usage of biodegradable cups by various food service providers for serving hot or cold drinks is supporting the segment growth in the market currently. The trays & containers segment is expected to exhibit favorable growth over the forecast period.

On the basis of forest industry related raw material, the market is segmented into, pulp and paper, woods, and leaves. The pulp and paper segment accounted for the largest share in 2014 and is estimated to be valued at $1.2 billion of the projected 1.43 billion total by 2022, expanding at a CAGR of 4.7% over 2016-2022. Bio-degradable and renewable synthesized polymers will be the primary competitor to the forest industry for raw material for the production of these products.

 

On the basis of end use, the market is segmented into hotel and other accommodation facilities, restaurants, café and bistros, bars and pubs, clubs, food service providers/caterers, and institutions. The restaurants segment accounted for the highest value share of the overall market in 2015 and is expected to remain dominant over the forecast period.

In terms of a distribution channel, the market has been segmented into the wholesaler, cash and carry, hypermarket/supermarket, logistic provider, distributors, and online. The cash and carry segment is projected to exhibit the highest growth during 2016-2022. The online segment was valued at $168 million in 2014 and is expected to expand at a CAGR of 6.5% during the forecast period.

The report provides in-depth information about the various trends driving each segment and provides analysis and insights about the biodegradable food service disposables market in specific countries. The U.K. market accounted for the largest volume share of 46.1% of the Europe biodegradable food service disposables market in 2014.

 

More information about this report is available online.