The compostable foodservice packaging market offers a diverse range of products, including bags, cups, pouches and sachets, bowls, trays, plates, clamshells, cutlery, straws, lids, films, and more. These items, made from environmentally conscious materials such as Plastic, Paper and Board, and other eco-friendly alternatives, promote sustainability in the food industry. Addressing the growing demand for green packaging, these compostable solutions enhance environmental responsibility and contribute to a healthier planet by reducing the ecological footprint associated with conventional packaging materials.
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Data Bridge Market Research analyses that the U.S. Compostable Foodservice Packaging Market value, which was USD 5,32,745.56 thousand 2021, is expected to reach the value of USD 7,12,442.62 thousand by 2029, at a CAGR of 3.7% during the forecast period 2022-2029 Consumer preferences for sustainability are a driving force in the compostable foodservice packaging market. With a rising demand for eco-friendly practices, the adoption of compostable packaging is fueled, reflecting a broader societal shift towards environmentally conscious choices in the foodservice industry.
Key Findings of the Study
Regulatory support is expected to drive the market's growth rate
Regulatory support plays a crucial role in propelling the compostable foodservice packaging market. Stringent regulations, favoring compostable materials over traditional packaging, create a conducive environment for market expansion. Governments and authorities worldwide are increasingly advocating for sustainable solutions to address environmental concerns. As regulations align with eco-friendly alternatives, businesses are compelled to adopt compostable packaging, driving market growth while contributing to a more environmentally responsible and compliant landscape in the foodservice industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Bags, Cups, Pouches and Sachets, Bowls, Trays, Plates, Clamshells, Cutlery, Straws, Lids, Films, Others), Material (Plastic, Paper and 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 and Vegetables, Dairy Products, Bakery and Confectionary, Meat, Fish and Poultry, Convenience Food, Sauces, Dressings and Condiments, Others)
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Market Players Covered
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Genpak, LLC (U.S.), BASF SE (Germany), BeGreen Packaging (U.S.), Dart Container Corporation (U.S.), Amcor Plc (Australia), Huhtamaki (Finland), WestRock Company (U.S.), Karat by Lollicup (U.S.), Pactiv Evergreen Inc. (U.S.), Biodegradable Food Service, LLC (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The U.S. compostable foodservice packaging market is categorized based on product, material, packaging layer, distribution channel and end-user.
- On the basis of product, the U.S. compostable foodservice packaging market is classified into bags, cups, pouches and sachets, bowls, trays, plates, clamshells, cutlery, straws, lids, films, others
- On the basis of packaging layer, the U.S. compostable foodservice packaging market is classified into plastic, paper and board, others
- On the basis of size, the U.S. compostable foodservice packaging market is classified into primary packaging, secondary packaging and tertiary packaging
- On the basis of U.S. compostable foodservice packaging distribution channel, the market is classified into B2B, supermarkets/hypermarkets, convenience stores, departmental stores, specialty stores, e-commerce, others
- On the basis of end-user, the U.S. compostable foodservice packaging market is classified into fruits and vegetables, dairy products, bakery and confectionary, meat, fish and poultry, convenience food, sauces, dressings and condiments, others
Major Players
Data Bridge Market Research recognizes the following companies as the U.S. compostable foodservice packaging market players in U.S. compostable foodservice packaging market are Genpak, LLC (U.S.), BASF SE (Germany), BeGreen Packaging (U.S.), Dart Container Corporation (U.S.), Amcor Plc (Australia), Huhtamaki (Finland), WestRock Company (U.S.).
Market Developments
- In July 2022, Karat by Lollicup bolstered its position in the compostable foodservice packaging market by launching a manufacturing and distribution facility in Hawaii. This strategic move addressed the growing demand for eco-friendly products, providing local businesses with easier access, reduced shipping costs, and faster processing times, strengthening the company's commitment to sustainability in the region
- In June 2022, Tetra Pak collaborated with Milkbasket, India's leading daily micro-delivery service, to enhance recycling efforts. Through Milkbasket's app, users can request beverage carton pick-ups alongside their grocery orders. Delivery agents collect used cartons during drop-offs, fostering a convenient and sustainable recycling system, aligning with Tetra Pak's commitment to environmental responsibility in the compostable foodservice packaging market
- In December 2021, Amcor advanced its sustainability goals by unveiling a high-barrier, high-speed, recycle-ready liquid pouch packaging solution. Designed for shelf-stable liquid foods in retail and foodservice, it seamlessly integrates machinability and barrier features. This innovation demonstrates Amcor's commitment to eco-friendly practices and contributes to the evolution of the compostable foodservice packaging market
For more detailed information about the U.S. compostable foodservice packaging market report, click here – https://www.databridgemarketresearch.com/ru/reports/us-compostable-foodservice-packaging-market
