Market Overview:
The global biodegradable meal tray market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about environmental protection and the rising demand for sustainable packaging solutions. In addition, the growing trend of ready-to-eat food is also contributing to the growth of this market. The global biodegradable meal tray market can be segmented on the basis of type into kraft paper biodegradable meal trays, bio-plastic biodegradable meal trays and bamboo biodegradable meal trays. The kraft paper segment is expected to account for a major share of the global market in 2018 owing to its low cost and easy availability. However, bio-plastic based meal trays are projected to grow at a higher CAGR during the forecast period as they are made from renewable resources and offer better environmental sustainability than other types of materials used for manufacturing these trays. On the basis of application, cold and frozen food accounted for majority share in 2017; however, ready-to eat food is projected grow at highest CAGR over next decade owing increased demand form busy consumers who seek convenience while dining out or travelling .
Product Definition:
A biodegradable meal tray is made of materials that can break down and return to nature within a reasonable amount of time. They are often used in place of Styrofoam or plastic trays, as they are better for the environment.
Kraft Paper Biodegradable Meal Tray:
Kraft paper is a type of paper made from wood pulp, which is processed to make Kraft Paper Biodegradable Meal Tray. It has high strength and durability as compared to other types of papers. The major applications include packaging material for food products such as ready-to-eat meals, bakery items, frozen foods; disposable plates & cups; and tissues among others.
Bio-plastic Biodegradable Meal Tray:
Bio-plastic Biodegradable (BPI) meal tray and it's usage in the biodegradable meal tray market is expected to witness significant growth over the forecast period. The primary factor that propels this growth includes increasing awareness among people for eco-friendly products coupled with stringent government regulations on plastic manufacturing & disposal.
Growing demand for environment friendly packaging solutions from food service providers, manufacturers, retailers as well as consumers is also a key driver of this industry.
Application Insights:
The others application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. Other applications include hot and cold food, ready-to-eat (RTE) foods, bakery products, beverages and snacks among others. The RTE food application segment is expected to be the fastest growing over the forecast period owing to rising disposable income levels coupled with a growing population in developing countries such as India China etc.
The cold & frozen food application segment was valued at USD 159.0 million in 2016.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing awareness among consumers regarding benefits of eco-friendly products and sustainable development. Increasing disposable income, changing lifestyles, and rising demand for convenience food are some of the factors driving regional market growth.
Europe is anticipated to be one of the major markets for global biodegradable meal tray over the forecast period owing to growing awareness about environment friendly products coupled with consumer preference towards healthy diet which reduces wastage caused by using non-biodegradable trays. North America also held a considerable share in this industry due to high demand from schools & colleges as well as hotels & restoants who serve kids/ infants along with adults meals such as pizza, burgers etc.
Growth Factors:
- Increasing demand for biodegradable products from consumers due to environmental concerns
- Rising disposable income of consumers in developing countries
- Government initiatives and regulations promoting the use of biodegradable products
- Technological advancements in the production of biodegradable materials
- Growing awareness about the benefits of using biodegradable products
Scope Of The Report
Report Attributes
Report Details
Report Title
Biodegradable Meal Tray Market Research Report
By Type
Kraft Paper Biodegradable Meal Tray, Bio-plastic Biodegradable Meal Tray, Bamboo Biodegradable Meal Tray, Others
By Application
Cold and Frozen Food, Ready to Eat Food, Others
By Companies
AS Food Packaging, Cosmos Ecofriends, Suzhou Ecos Tableware, Green Paper Products, Be Green Packaging, Visfortec, Nature Packwell, Ecoware, Suyuan Bio-Products, Bonito Eco Packaging
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Biodegradable Meal Tray Market Report Segments:
The global Biodegradable Meal Tray market is segmented on the basis of:
Types
Kraft Paper Biodegradable Meal Tray, Bio-plastic Biodegradable Meal Tray, Bamboo Biodegradable Meal Tray, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cold and Frozen Food, Ready to Eat Food, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AS Food Packaging
- Cosmos Ecofriends
- Suzhou Ecos Tableware
- Green Paper Products
- Be Green Packaging
- Visfortec
- Nature Packwell
- Ecoware
- Suyuan Bio-Products
- Bonito Eco Packaging
Highlights of The Biodegradable Meal Tray Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Kraft Paper Biodegradable Meal Tray
- Bio-plastic Biodegradable Meal Tray
- Bamboo Biodegradable Meal Tray
- Others
- By Application:
- Cold and Frozen Food
- Ready to Eat Food
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biodegradable Meal Tray Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A biodegradable meal tray is a disposable product made from plant-based materials that can be composted or disposed of in an environmentally friendly way.
Some of the major players in the biodegradable meal tray market are AS Food Packaging, Cosmos Ecofriends, Suzhou Ecos Tableware, Green Paper Products, Be Green Packaging, Visfortec, Nature Packwell, Ecoware, Suyuan Bio-Products, Bonito Eco Packaging.
The biodegradable meal tray market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biodegradable Meal Tray Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biodegradable Meal Tray Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biodegradable Meal Tray Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biodegradable Meal Tray Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biodegradable Meal Tray Market Size & Forecast, 2020-2028
4.5.1 Biodegradable Meal Tray Market Size and Y-o-Y Growth
4.5.2 Biodegradable Meal Tray Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Kraft Paper Biodegradable Meal Tray
5.2.2 Bio-plastic Biodegradable Meal Tray
5.2.3 Bamboo Biodegradable Meal Tray
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cold and Frozen Food
6.2.2 Ready to Eat Food
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biodegradable Meal Tray Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biodegradable Meal Tray Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Kraft Paper Biodegradable Meal Tray
9.6.2 Bio-plastic Biodegradable Meal Tray
9.6.3 Bamboo Biodegradable Meal Tray
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cold and Frozen Food
9.10.2 Ready to Eat Food
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Kraft Paper Biodegradable Meal Tray
10.6.2 Bio-plastic Biodegradable Meal Tray
10.6.3 Bamboo Biodegradable Meal Tray
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cold and Frozen Food
10.10.2 Ready to Eat Food
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Kraft Paper Biodegradable Meal Tray
11.6.2 Bio-plastic Biodegradable Meal Tray
11.6.3 Bamboo Biodegradable Meal Tray
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cold and Frozen Food
11.10.2 Ready to Eat Food
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Kraft Paper Biodegradable Meal Tray
12.6.2 Bio-plastic Biodegradable Meal Tray
12.6.3 Bamboo Biodegradable Meal Tray
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cold and Frozen Food
12.10.2 Ready to Eat Food
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Kraft Paper Biodegradable Meal Tray
13.6.2 Bio-plastic Biodegradable Meal Tray
13.6.3 Bamboo Biodegradable Meal Tray
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cold and Frozen Food
13.10.2 Ready to Eat Food
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biodegradable Meal Tray Market: Competitive Dashboard
14.2 Global Biodegradable Meal Tray Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AS Food Packaging
14.3.2 Cosmos Ecofriends
14.3.3 Suzhou Ecos Tableware
14.3.4 Green Paper Products
14.3.5 Be Green Packaging
14.3.6 Visfortec
14.3.7 Nature Packwell
14.3.8 Ecoware
14.3.9 Suyuan Bio-Products
14.3.10 Bonito Eco Packaging
