Global Compostable Foodservice Packaging Market, By Type (Plates, Trays, Bowls, Cups, Clamshell, Cutlery, Pouches and Sachets, Other), Material (Plastic, Paper and Paperboard, Others), Packaging Type (Flexible, Rigid), End Use (Chain Restaurants, Non-chain Restaurants, Chain Café, Non-Chain Café, Delivery Catering, Independent Stalls and Kiosks, and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Compostable Foodservice Packaging Market
Compostable foodservice packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.70% in the above-mentioned forecast period.
Compostable foodservice packaging is basically a food packaging that decomposes in a more environmental friendly manner than plastic. It is made from plant-based, recycled materials and when properly disposed of, can quickly and safely return to the earth as soil. These compostable foodservice packaging are used across various end use industries such as the chain restaurants, non-chain restaurants, chain café, non-chain café, delivery catering, independent stalls and kiosks, and others.
The factors such as the cost-effectiveness of food service packaging and downsizing of packaging further induce the demand for the market in the forecast period of 2022 to 2029. Moreover, the rising demand for convenience food and introduction of eye-catching compostable packaging are projected to boost the market value in the above-mentioned forecast period. Furthermore, the emphasis on modern technologies in packaging industry are expected to boost the overall growth of the market. These availability of the customized and specialized products along with the key players are offering products designed according to consumer requirements and offering multifunctional properties which are estimated to accelerate the overall growth of the market in the above-mentioned forecast period. However, the stringent rules and regulations will create hindrances for the market growth rate.
The growing demand for sustainable packaging solutions coupled with the emerging markets generate profitable opportunities for the growth of the market in the forecast period of 2022 to 2029. The rising instances of food wastage are projected to generate various challenges for the market’s growth rate in the above-mentioned forecast period.
This compostable foodservice packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on compostable foodservice packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Compostable Foodservice Packaging Market Scope and Market Size
Compostable foodservice packaging market is segmented on the basis of type, material, packaging type and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the compostable foodservice packaging market is segmented into plates, trays, bowls, cups, clamshell, cutlery, pouches and sachets, and other.
- On the basis of material, the compostable foodservice packaging market is segmented into plastic, paper and paperboard, and others. Plastics are further sub-segmented into PLA, PHA, PBS, PBAT, starch blends, and others. Paper and paperboard are further sub-segmented into coated unbleached, molded fiber, and other grades.
- On the basis of packaging type, the compostable foodservice packaging market is segmented into flexible and rigid.
- On the basis of end use, the compostable foodservice packaging market is segmented into chain restaurants, non-chain restaurants, chain café, non-chain café, delivery catering, independent stalls and kiosks, and others.
Compostable Foodservice Packaging Market Country Level Analysis
The compostable foodservice packaging market is analyzed and market size insights and trends are provided by type, material, packaging type and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the compostable foodservice packaging market and will continue to flourish its trend of dominance during the forecast period due to the broad assent of approved compostable foodservice goods that suffices administrative demands in the region in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand is projected to show lucrative growth due to the escalating abundance of foodservice terminals, upsurge in the working community, and preferred variations towards dining out which will boost the growth of the market in the above-mentioned forecast period.
The country section of the compostable foodservice packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Compostable Foodservice Packaging Market Share Analysis
The compostable foodservice packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compostable foodservice packaging market.
Some of the major players operating in the compostable foodservice packaging market report are Novolex, Dart Container Corporation, Good Start Packaging, Be Green Packaging, ecoenclose, Huhtamäki Oyj, Georgia-Pacific., WestRock Company, Virosac Srl., BioGreen, Elevate Packaging, Genpak, LLC., BioBag Americas, Inc, International Paper, Biosphere Plastic, LLC, Anchor Packaging., and Eco-Products, Inc., among others.
Recent Developments
- In September 2021, Elif, a major supplier of sustainable flexible packaging products to global brand owners, was acquired by Huhtamaki Oyj.
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