Global Compostable Foodservice Packaging Market Size study, by Packaging Type (Plates Trays, Bowls, Cups, Clamshell, Cutlery, Pouches & Sachets, Others) by Material Type (Plastic, Paper & paperboard, others) by end use industries (Chain Restaurants, Non-Chain Restaurants, Chain Cafe, Non-Chain Cafe, Delivery Catering, Independent Sellers/ Kiosks) and Regional Forecasts 2022-2028
Global Compostable Foodservice Packaging Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028.
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Compostable food packaging is made, of environment friendly products which can be easily disposable. Compostable food packaging is made from plant-based and recycled materials. Growing demand for sustainable packaging solutions and rising R&D activities and new product launches are key drivers for the growth of Compostable Foodservice Packaging market. For instance, according to global database management company Statista- In 2019, the global market value of green packaging estimated at USD 178.6 billion and is estimated to reach USD 246.3 billion by the year 2025. Also, in august 2021 Innovative Food Holdings, Inc. a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities launched industry-leading sustainable packaging solutions for the Company’s e-commerce and direct-to-consumer offerings. Innovative Food Holdings has upgraded its direct-to-consumer packaging to 100% sustainable and recyclable solutions. Also, with growing Food & beverages industry in emerging economies and rapid urbanization, the adoption & demand for Compostable Foodservice Packaging is likely to increase the market growth during the forecast period. However, negative impact of covid 19 pandemic on food & beverages industry impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Compostable Foodservice Packaging market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to rise in demand for ready-to-eat meals in the region. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing packaged food industry would create lucrative growth prospects for the Compostable Foodservice Packaging market across Asia-Pacific region.
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Major market player included in this report are: Huhtamaki Oyj WestRock Company Stora Enso Georgia Pacific LLC Be Green Packaging Berry Global, Inc. Pactiv LLC TIPA Compostable Packaging Genpak, LLC. Virosac S.r.l.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging Type: Plates Trays Bowls Cups Clamshell Cutlery Pouches & Sachets Others
By Material Type: Plastic Paper & paperboard others
By End Use Industries: Chain Restaurants Non-Chain Restaurants Chain Cafe Non-Chain Cafe Delivery Catering Independent Sellers/ Kiosks
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By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020 Base year – 2021 Forecast period – 2022 to 2028
Target Audience of the Global Compostable Foodservice Packaging Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
Huhtamaki Oyj WestRock Company Stora Enso Georgia Pacific LLC Be Green Packaging Berry Global, Inc. Pactiv LLC TIPA Compostable Packaging Genpak, LLC. Virosac S.r.l.
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What aspects regarding the regional analysis Market are included in this report?
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