Compostable Foodservice Packaging Market Is On The Rise In The Next 10 Years - Report Comparison On Douglas Insights

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Companies such as Biosphere Industries, LLC, Anchor Packaging Inc., Eco-Products, Inc., Genpak, BioBag Americas, Inc., International Paper., Novolex, Dart Container Corporation, Good Start Packaging, Be Green Packaging LLC, ecoenclose.com, Huhtamäki, Georgia-Pacific., WestRock Company, Virosac., BioGreen, Elevate Packaging., Vegware among other domestic and global players.

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The global market for compostable food service packaging is expanding rapidly as people become more aware of the negative effects of plastic packaging on the environment and ecosystems. Currently, the global consumer packaging market is moving away from traditional markets and toward emerging markets with unexplored regions.

Compostable food packaging materials are safe for the environment and simple to dispose of. Compostable food packaging is composed of recyclable and plant-based materials. The market for compostable food service packaging is growing because more research and development are being done, and more people want eco-friendly packaging.

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Market Drivers

The global market for compostable foodservice packaging is experiencing increased sales due to changing consumer habits, which impact the frequency with which packaged meals are consumed. India and China are becoming more popular tourist destinations, which is good news for international food franchises.

Europe leads the industry due to the European Union's increased efforts to reduce the amount of waste generated by packaged foods in the region. The market is expanding due to increasing environmentalism and European consumers' desire for biodegradable packaging. During the time frame of the forecast, it is also expected that North America will have the largest market share.

When disposed of under the proper environmental conditions, compostable food packaging can be discarded and transformed back into the soil quickly and safely. In addition, the global compostable foodservice packaging market is one of the fastest-growing industries due to factors such as reduced gasoline consumption, compostability, and reduced greenhouse gas emissions, among others.

While degrading in landfills, some biodegradable plastics, however, release methane. Climate change is accelerated by methane since it is 84 times more powerful and absorbs heat more quickly than carbon dioxide. This might significantly hamper market expansion.

Compostable food service packaging firms are finding plenty of attractive prospects due to public concern about escalating environmental pollution and the damaging effects of standard plastic on the planet. Compostable packaging materials also use less energy in production. Additionally, because they are created organically without the use of chemicals, they are non-toxic. In addition, based on the ingredients used to make biodegradable plastic, compostable plastic degrades more quickly and is taken up by the soil or transformed into compost. Compostable food service packaging is the most environmentally responsible way to preserve food goods' quality and lessen conventional plastic's negative effects. These reasons and growing environmental awareness and health concerns encourage consumers to use compostable foodservice packaging materials.

Another factor that might hinder the market growth is the necessity of discarding compostable plastic the proper way because if it lands in ocean waters, it won't be able to decompose due to cooler temperatures and pose a greater threat to marine life.

Worldwide, the demand for food service packaging is being driven by the expansion of international quick-service restaurants (QSRs), such as McDonald's and KFC. This enables these QSR chain managers and owners to minimise labour expenses and employ available resources for improving service quality and offering better customer assistance. These QSRs typically do not represent any desire to spend on resources for cleaning and maintenance of company containers. Thus, factors including growing disposable incomes, urbanisation, and shifting eating patterns continue to boost demand for environmentally friendly compostable packaging, supporting the food service sector.

Key players

Companies such as Biosphere Industries, LLC, Anchor Packaging Inc., Eco-Products, Inc., Genpak, BioBag Americas, Inc., International Paper., Novolex, Dart Container Corporation, Good Start Packaging, Be Green Packaging LLC, ecoenclose.com, Huhtamäki, Georgia-Pacific., WestRock Company, Virosac., BioGreen, Elevate Packaging., Vegware among other domestic and global players.

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Compostable Foodservice Packaging Market Report Coverage

Report Attributes	Details
Market Size in 2018	US$** BN
Market Size Projection in 2028	$** BN
CAGR (2018-2028)	**%
Largest Market	North America
Segmentation	By Product, By Material, By Packaging Layer, By Distribution Channel, By End-User
Regional Analysis	North America (US, Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.K, Germany, Italy, France, Spain, Russia and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN and Rest of Asia Pacific), ME (GCC Countries, Israel, and Rest of Middle East) & Africa (South Africa, North Africa and Central Africa)
Key Companies Covered	Biosphere Industries, LLC, Anchor Packaging Inc., Eco-Products, Inc., Genpak, BioBag Americas, Inc., International Paper., Novolex, Dart Container Corporation, Good Start Packaging, Be Green Packaging LLC, ecoenclose.com, Huhtamäki, Georgia-Pacific., WestRock Company, Virosac., BioGreen, Elevate Packaging., vegware among other domestic and global players.

 

Segmentations

By Product

• Bags

• Cups

• Pouches & Sachets

• Bowls

• Trays

• Plates

• Clamshells

• Cutlery

• Straws

• Lids

• Films, Others

By 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

Key questions answered in this report

• COVID 19 impact analysis on global Compostable Foodservice Packaging industry.

• What are the current market trends and dynamics in the Compostable Foodservice Packaging market and valuable opportunities for emerging players?

• What is driving Compostable Foodservice Packaging market?

• What are the key challenges to market growth?

• Which segment accounts for the fastest CAGR during the forecast period?

• Which product type segment holds a larger market share and why?

• Are low and middle-income economies investing in the Compostable Foodservice Packaging market?

• Key growth pockets on the basis of regions, types, applications, and end-users

• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Unique data points of this report

• Statistics on Compostable Foodservice Packaging and spending worldwide

• Recent trends across different regions in terms of adoption of Compostable Foodservice Packaging across industries

• Notable developments going on in the industry

• Attractive investment proposition for segments as well as geography

• Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)

Table of Content:

1 INTRODUCTION 10
1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW OF U.S. COMPOSTABLE FOODSERVICE PACKAGING MARKET 10
1.4 LIMITATION 12
1.5 MARKETS COVERED 12

2 MARKET SEGMENTATION 15
2.1 MARKETS COVERED 15
2.2 GEOGRAPHICAL SCOPE 16
2.3 YEARS CONSIDERED FOR THE STUDY 16
2.4 CURRENCY AND PRICING 16
2.5 TRIPOD DATA VALIDATION MODEL 17
2.6 PRODUCT TYPE LIFE LINE CURVE 20
2.7 MULTIVARIATE MODELING 21
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 22
2.9 MARKET POSITION GRID 23
2.10 MARKET APPLICATION COVERAGE GRID 25
2.11 MARKET CHALLENGE MATRIX 26
2.12 IMPORT-EXPORT DATA 27
2.13 SECONDARY SOURCES 28
2.14 ASSUMPTIONS 29

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 32

5 COUNTRY & GLOBAL SUMMARY 33
5.1 GLOBAL 33
5.2 U.S. 33

6 MARKET OVERVIEW 34
6.1 DRIVERS 36
6.1.1 EXPANSION OF THE FOODSERVICE INDUSTRY AND RISING CONSUMER DEMAND FOR PRE-PACKED FOOD PRODUCTS 36
6.1.2 GROWING DEMAND AND ACCEPTANCE FOR SUSTAINABLE PACKAGING SOLUTIONS 36
6.1.3 ENVIRONMENTAL ADVANTAGES OF COMPOSTABLE FOODSERVICE PACKAGING 37
6.2 RESTRAINTS 38
6.2.1 HIGH PRICE AND PRODUCTION COST OF COMPOSTABLE MATERIALS FOR PACKAGING AS COMPARED TO CONVENTIONAL PACKAGING 38
6.2.2 FLUCTUATIONS IN THE AVAILABILITY OF RAW MATERIALS FOR THE PRODUCTION OF COMPOSTABLE PACKAGING 38
6.3 OPPORTUNITIES 39
6.3.1 RISING AWARENESS REGARDING THE ILL EFFECTS OF SINGLE-USE PLASTICS AND VARIOUS MATERIALS ON THE ENVIRONMENT 39
6.3.2 INCREASING R&D ON TECHNOLOGICAL INNOVATIONS TO REDUCE THE PRICE OF COMPOSTABLE FOODSERVICE PACKAGING 39
6.4 CHALLENGES 40
6.4.1 INADEQUATE WASTE MANAGEMENT AND COMPOSTING INFRASTRUCTURES 40
6.4.2 REGULATIONS AND CERTIFICATIONS REQUIRED FOR LABELLING AS ""COMPOSTABLE"" 41

7 COMPOSTABLE FOODSERVICE PACKAGING MARKET, BY PRODUCT TYPE 42
7.1 OVERVIEW 43
7.2 BOWLS 46
7.3 TRAYS 46
7.3.1 FOOD TRAYS 46
7.3.2 UTILITY TRAYS 46
7.4 PLATES 47
7.5 CUPS 47
7.6 CLAMSHELLS 47
7.7 BAGS 48
7.7.1 OPEN BAG 48
7.7.2 QUATTRO SEAL BAG 48
7.7.3 BAR WRAPPER 49
7.7.4 STANDUP POUCH 49
7.7.5 RESALABLE FLAP BAG 49
7.7.6 GUESTED BAG 49
7.7.7 PILLOW BAG 49
7.7.8 ZIPPER BAG 49
7.7.9 OTHERS 49
7.8 POUCHES & SACHETS 50
7.9 CULTERY 50
7.10 STRAWS 50
7.11 LIDS 51
7.12 FILMS 51
7.13 OTHERS 51

…………….. ToC continued

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