GCC Biodegradable Food Service Disposables Market Overview:
The GCC biodegradable food service disposable market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Biodegradable disposables are eco-friendly substitutes for plastic and paper disposables. They are typically manufactured from various raw materials such as sugarcane fiber or bagasse, coconut coir, corn starch, wheat bran, areca nut sheaths, and dried leaves of palm and bamboo trees. They are compostable and biodegradable in nature and provide essential nutrients to the soil to make it fertile. Some commonly used biodegradable disposables include numerous tableware, such as straws, clamshells, bowls, trays, bottles, and cups. They release reduced amounts of greenhouse emissions into the environment than products made from plastic. As a result, biodegradable food service disposables are gaining immense traction across the GCC countries as they can be easily disposed into landfill to avoid the cost of solid waste disposal.
The GCC biodegradable food service disposables market is primarily driven by the rapid expansion of the food and beverage (F&B) industry and the increasing consumption of packaged food across the country. Moreover, individuals are shifting toward eco-friendly products like biodegradable food service disposables due to the rising environmental concerns. Additionally, the escalating demand for ecologically sustainable packaging solutions owing to the surging number of food service joints is another major growth-inducing factor. Along with this, the rising number of modern retail stores in tier 1 and 2 cities are introducing customers to various packaged food options, thus catalyzing the market growth. Besides this, several favorable initiatives undertaken by governments of GCC countries, such as the UAE, Saudi Arabia, and Oman, to reduce the use of plastic and non-recyclable packaging solutions have augmented the product demand. Furthermore, the easy availability of raw materials for manufacturing these disposables is propelling market growth. Other factors, including the emerging on-the-go food culture, inflating consumer disposable incomes, sedentary lifestyles, rapid urbanization, and the development of retail infrastructures, are also anticipated to drive the market further.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC biodegradable food service disposable market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC biodegradable food service disposable market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC biodegradable food service disposable market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC biodegradable food service disposable market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC biodegradable food service disposable market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC biodegradable food service disposable market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC biodegradable food service disposable market industry. Furthermore, the value chain analysis of the GCC biodegradable food service disposable market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Biodegradable Food Service Disposables Market Segment Insights:
The GCC biodegradable food service disposables market has been analysed as followed:
Segmentation by Raw Material Type:
Segmentation by Product Type:
Segmentation by Distribution Channel:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Biodegradable Food Service Disposables Market Report:
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