U.S. Compostable Foodservice Packaging Market, By Product (Bags, Cups, Pouches & Sachets, Bowls, Trays, Plates, Clamshells, Cutlery, Straws, Lids, Films, Others), Material (Plastic, Paper & board, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores, Specialty Stores, E-Commerce, Others), End-User (Fruits & Vegetables, Dairy Products, Bakery & Confectionary, Meat, Fish & Poultry, Convenience Food, Others) Industry Trends and Forecast to 2029
U.S. Compostable Foodservice Packaging Market Analysis and Insights
The U.S. compostable foodservice packaging market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.7% in the forecast period of 2022 to 2029 and is expected to reach 712,442.62 Thousand by 2029. The major factor driving the growth of the U.S. compostable foodservice packaging market is high equipment and maintenance costs of sight screens is expected to restrain the growth of the U.S. compostable foodservice packaging market in the forecast period.
Rising awareness regarding the ill-effects of single-use plastics and various materials on the environment and increasing R&D on technological innovations to reduce the price of compostable foodservice packaging are expected to provide the U.S. compostable foodservice packaging market with opportunities. However, inadequate waste management and composting infrastructures and regulations and certifications required for labelling as “compostable” are projected to challenge the U.S. compostable foodservice packaging market growth.
The U.S. compostable foodservice market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Report Metric
|
Details
|
Forecast Period
|
2022 to 2029
|
Base Year
|
2021
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
Quantitative Units
|
Revenue in USD Thousand
|
Segments Covered
|
By Product (Bags, Cups, Pouches & Sachets, Bowls, Trays, Plates, Clamshells, Cutlery, Straws, Lids, Films, Others), Material (Plastic, Paper & Board, Others), Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Distribution Channel (B2B, Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores, Specialty Stores, E-Commerce, Others), End-User (Fruits & Vegetables, Dairy Products, Bakery & Confectionary, Meat, Fish & Poultry, Convenience Food, Sauces, Dressings & Condiments, Others)
|
Countries Covered
|
U.S.
|
Market Players Covered
|
Genpak, LLC, BASF SE, BeGreen Packaging, Dart Container Corporation, Amcor Plc, Huhtamaki, WestRock Company, Karat by Lollicup., Pactiv Evergreen Inc. and Biodegradable Food Service, LLC amongst others
|
Market Definition
Compostable products are those products which can biodegrade and disintegrate into natural elements such as biomass, water, and carbon dioxide in a composting environment and leaving no harmful element in the soil. The compostable foodservice packaging material contains plastics, paper & boards and others. These compostable mimic conventional plastic's positive qualities, such as shelf stability, barrier properties, durability with one difference, i.e. these materials are fully compostable. Compostable material is providing nutrients to the earth when it has completely broken down. In order for packaging material and products to qualify as compostable, they must completely decompose and break down into natural elements within a short time after disposal.
COVID-19 had a Minimal Impact on U.S. Compostable Foodservice Packaging Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. The COVID-19 pandemic has driven up demand for food and beverage packaging that is secure, environment friendly and reusable as food safety and security concerns rises. Users emerge from COVID-19; consumers see sustainability as becoming increasingly important. Most consumers’ worldwide claim to be willing to pay more for sustainable packaging which will increasing the growth of U.S. compostable foodservice packaging market.
U.S. Compostable Foodservice Packaging Market Dynamics
Drivers
- Expansion of Foodservice Industry and Rising Consumer Demand for Pre-Packed Food Products
With the growth and expansion of foodservice industry along with rising inclination towards environment friendly packaging materials, the use of compostable packaging materials in foodservice has risen considerably. With the rising concerns towards depletion of natural resources coupled with growing focus towards environment sustainability and zero-waste, the use of compostable form of plant-based material is expected to gain traction in foodservice industry.
- Growing Demand and Acceptance for Sustainable Packaging Solutions
Compostable food service packaging has been identified as a feasible solution, in terms of sustainable packaging solutions. With sustainability and zero-waste gaining fast traction, compostable items made of plant-based material decompose easily along with food waste, and turn into compost, due to which they are gaining widespread attention and acceptance in the foodservice industry. Compostable packaging does not require petroleum during production, as it is made completely from organic matter and has no plastic in it.
- Environmental Advantages of Compostable Food Service Packaging
Compostable food packaging products are made of environment friendly products which are easily disposable. Compostable food packaging is made from plant-based and recycled materials. Growing demand for sustainable packaging solutions and rising Research and Development activities and new product launches are key drivers for the growth of U.S. compostable foodservice packaging market.
Opportunities
- Rising Awareness Regarding the Ill-Effects of Single-Use Plastics and Various Materials On the Environment
A key factor that is expected to act as an opportunity and influence the market growth of the U.S. compostable foodservice packaging market is the rising awareness regarding the ill-effects of single-use plastics and various materials on the environment, which will surge the adoption of foodservice disposables and packaging products.
- Increasing R&D On Technological Innovations to Reduce the Price of Compostable Foodservice Packaging
The increasing focus of the government on recycling packaging helps to improve packaging processes and allows to bring in advancements, which in turn helps in cutting the price of finished products. The food service packaging key industry players are working on eco packaging formats that are made from natural plants and bio-polymers, which can be easily compostable.
Restraints/Challenges
- High Price and Production Cost of Compostable Materials for Packaging as Compared to Conventional Packaging
The price of producing compostable materials for packaging continues to be much higher than the conventional variants which is likely to represent as a threat for the growth of the compostable foodservice packaging market. Compostable plastics are made from plants such as soybeans, corns, and cellulose. Adequate production of biodegradable plastic requires the use of cropland to provide the natural materials required instead of producing food.
- Fluctuations in Availability of Raw Materials for Production of Compostable Packaging
Intense competition, increasing mergers and acquisitions by key players operating in the market along with the changing nature of raw material and volatility lead to continuous fluctuations in the development of U.S. compostable food service packaging market. Also, maintaining long-term relations with distributors and retailers becomes difficult due to these factors. Therefore, manufacturers need to strategically position their products in terms of pricing. In addition, as new players are also entering the business and existing players are expanding production capacity, distributors also demand higher margins, which further shrink’s manufacturers’ net profits.
Recent Development
- In July 2022, Karat by Lollicup established manufacturing and distributing facility in Hawaii to accommodate the constant demand for environmentally friendly products. This warehouse carries all eco-friendly products, making it easily accessible to service businesses on the islands. This has enabled the company to accommodate reduced shipping costs and a faster processing time to local chain owners.
U.S. Compostable Foodservice Packaging Market Scope
The U.S. compostable foodservice packaging market is categorized based on product, material, packaging layer, distribution channel and end-user.
The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product
- Bags
- Cups
- Pouches & Sachets
- Bowls
- Trays
- Plates
- Clamshells
- Cutlery
- Straws
- Lids
- Films, Others
Based on product, the market is classified into bags, cups, pouches & sachets, bowls, trays, plates, clamshells, cutlery, straws, lids, films, others
Material
- Plastic
- Paper & Board
- Others
Based on Packaging Layer, the market is classified into plastic, paper & board, others
Packaging Layer
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Based on the size, the market is classified into primary packaging, secondary packaging & tertiary packaging.
Distribution Channel
- B2B
- Supermarkets/Hypermarkets
- Convenience Stores
- Departmental Stores
- Specialty Stores
- E-Commerce, Others
Based on the distribution channel, the market is classified into B2B, Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores, Specialty Stores, E-Commerce, Others.
End-User
- Fruits & Vegetables
- Dairy Products
- Bakery & Confectionary
- Meat, Fish & Poultry
- Convenience Food
- Sauces, Dressings & Condiments
- Others
Based on the end user, the market is classified into fruits & vegetables, dairy products, bakery & confectionary, meat, fish & poultry, convenience food, sauces, dressings & condiments, others
U.S. Compostable Foodservice Packaging Market Country Analysis/Insights
The U.S. compostable foodservice packaging market is segmented on the basis of product, material, packaging layer, distribution channel and end-user.
The country covered in the sight screens market report is U.S.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of U.S. 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 U.S. Compostable Foodservice Packaging Market Share Analysis
U.S. compostable foodservice packaging market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the U.S. compostable foodservice packaging market.
Some of the prominent participants operating in the Genpak, LLC, BASF SE, BeGreen Packaging, Dart Container Corporation, Amcor Plc, Huhtamaki, WestRock Company, Karat by Lollicup., Pactiv Evergreen Inc. and Biodegradable Food Service, LLC amongst others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning grids, Company Market Share Analysis, Standards of Measurement, U.S. Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
SKU-