Indian food service delivery market is estimated at INR 37,440 crore (US$ 5.2 billion) in GMV in 2019-20. Growing at a CAGR of 33 per cent over the last three years, it is expected to reach 93,600 crore (US $13 billion) by 2022-23.
As per reports, packaging waste poses a serious threat to the environment. Over 70% of packaging that gets disposed is single use disposed on average in less than 15 minutes of use.
The Indian food service delivery market is expected to more than double to $13 billion (Rs 93,600 crore) by fiscal 2023 from $5.2 billion (Rs 37,440 crore) in fiscal 2020.