Market Overview:
The global compostable foodservice packaging market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about environmental protection and the rising demand for sustainable food packaging solutions. In terms of type, the utility trays segment is expected to lead the market during the forecast period, followed by food trays, bowls and cups, plates, and other segments. The restaurants segment is expected to be a key application area for compostable foodservice packaging during the forecast period.
Product Definition:
Compostable foodservice packaging is made from plant-based materials that can break down completely in a compost bin. It's important because it helps divert waste from landfills and reduces greenhouse gas emissions.
Utility Trays:
Utility trays are made from paperboard and are intended for the packaging of food and other items. The product is available in various sizes, shapes, and designs as per the requirements of end-users. These products have a high demand in North America owing to their extensive use by restaurants for serving food to customers.
Food Trays:
Food trays are small containers used for packaging various food products such as single-serve meals, snacks, and desserts. The product is made from paperboard or other materials that are compostable and can be disposed of after a meal is consumed.
The global market for food trays was valued at USD 1.8 billion in 2016.
Application Insights:
The restaurants segment led the market and accounted for more than a 38% share of the global revenue in 2017. The growth is attributed to an increase in the number of fast-food joints across various regions, including Asia Pacific, Europe, North America and Latin America. Compostable packaging products are widely used by restaurants as they do not require any kind of cleaning or disinfecting after usage.
Bars are expected to be the fastest growing application segment over the forecast period owing to rising demand from consumers for environment-friendly packaging solutions while drinking at bars or pubs. Moreover, increasing focus on sustainable development has propelled manufacturers to develop innovative compostable foodservice packaging products with high barrier properties that protect food and beverages from external influences such as oxygen and UV light while maintaining required temperature range during storage & transportation. These factors are anticipated to drive product demand over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of composting facilities in countries, such as U.S. and Canada. The growing awareness regarding environmental protection is one major factor driving this regional market.
Asia Pacific is expected to witness substantial growth over the forecast period owing to rising disposable income coupled with changing lifestyles especially in developing countries like India.
Growth Factors:
- Increasing awareness about the benefits of compostable foodservice packaging among consumers and businesses
- Rising demand for sustainable and environment-friendly products across the globe
- Proliferation of small and medium-sized businesses that are looking for affordable, yet sustainable packaging solutions
- Growing popularity of composting as a waste management solution
- Technological advancements that have led to the development of more advanced compostable materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Compostable Foodservice Packaging Market Research Report
By Type
Utility Trays, Food Trays, Bowls and Cups, Plates, Other
By Application
Restaurants, Bars, Confectioneries, Other
By Companies
Eco Products, Biosphere Industries, International Paper Company, Cereplast, BioBag Canada, Vegware, MDS Associates, Eco Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Compostable Foodservice Packaging Market Report Segments:
The global Compostable Foodservice Packaging market is segmented on the basis of:
Types
Utility Trays, Food Trays, Bowls and Cups, Plates, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurants, Bars, Confectioneries, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eco Products
- Biosphere Industries
- International Paper Company
- Cereplast
- BioBag Canada
- Vegware
- MDS Associates
- Eco Products
Highlights of The Compostable Foodservice Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Utility Trays
- Food Trays
- Bowls and Cups
- Plates
- Other
- By Application:
- Restaurants
- Bars
- Confectioneries
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compostable Foodservice Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compostable foodservice packaging is a type of packaging that can be composted. Compostable foodservice packaging typically includes materials like paper, plastic, and cardboard that can be broken down by the earth's natural processes into soil, humus, and other plant nutrients.
Some of the key players operating in the compostable foodservice packaging market are Eco Products, Biosphere Industries, International Paper Company, Cereplast, BioBag Canada, Vegware, MDS Associates, Eco Products.
The compostable foodservice packaging market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compostable Foodservice Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compostable Foodservice Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compostable Foodservice Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compostable Foodservice Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compostable Foodservice Packaging Market Size & Forecast, 2020-2028
4.5.1 Compostable Foodservice Packaging Market Size and Y-o-Y Growth
4.5.2 Compostable Foodservice Packaging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Utility Trays
5.2.2 Food Trays
5.2.3 Bowls and Cups
5.2.4 Plates
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Restaurants
6.2.2 Bars
6.2.3 Confectioneries
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compostable Foodservice Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compostable Foodservice Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Utility Trays
9.6.2 Food Trays
9.6.3 Bowls and Cups
9.6.4 Plates
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Restaurants
9.10.2 Bars
9.10.3 Confectioneries
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Utility Trays
10.6.2 Food Trays
10.6.3 Bowls and Cups
10.6.4 Plates
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Restaurants
10.10.2 Bars
10.10.3 Confectioneries
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Utility Trays
11.6.2 Food Trays
11.6.3 Bowls and Cups
11.6.4 Plates
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Restaurants
11.10.2 Bars
11.10.3 Confectioneries
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Utility Trays
12.6.2 Food Trays
12.6.3 Bowls and Cups
12.6.4 Plates
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Restaurants
12.10.2 Bars
12.10.3 Confectioneries
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Utility Trays
13.6.2 Food Trays
13.6.3 Bowls and Cups
13.6.4 Plates
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Restaurants
13.10.2 Bars
13.10.3 Confectioneries
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compostable Foodservice Packaging Market: Competitive Dashboard
14.2 Global Compostable Foodservice Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eco Products
14.3.2 Biosphere Industries
14.3.3 International Paper Company
14.3.4 Cereplast
14.3.5 BioBag Canada
14.3.6 Vegware
14.3.7 MDS Associates
14.3.8 Eco Products
