Report Overview

Global Compostable Foodservice Packaging Market - Industry Trends & Forecast Report 2028

Global Compostable Foodservice Packaging Market was worth USD 17.85 billion in 2021 and is further projected to reach USD 32.43 billion by the year 2028, exhibiting a CAGR of 9.2% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the growing advancement and increasing number of food service establishments. Also, the rising disposable income of consumers as well as changing living standards increase the demand for pre-packed and frozen food products. This acts as a major factor for spicing up the expansion of compostable foodservice packaging. Moreover, the foodservice disposable manufacturers are focused on introducing sustainable packaging solutions to retain freshness, increase the shelf-life of food and reduce contamination. All these factors aid to fuel the growth of the Global Compostable Foodservice Packaging Market during the forecast period (2022-2028).

Compostable Foodservice Packaging - Overview

Compostable Foodservice Packaging is a type of packaging that is sustainable and bio-degradable. It is made from plant-based materials or biopolymers such as corn starch, cellulose, paper, cardboard, and bubble wrap, this can be decomposed with waste products and turned into compost. Also, these materials are recyclable, reduce the use of fossil fuels, and make the packaging eco-friendly. Moreover, compostable foodservice packaging is used to wrap perishables and seal containers. Furthermore, compostable plastics are non-toxic and decompose back into carbon dioxide, water, and biomass when composted. Compostable foodservice packaging includes various disposable service ware such as single-use cups, bowls, plates, meal trays, containers, and garbage bags.

Global Compostable Foodservice Packaging Market Forecast and Trends

Growth Drivers

Surging demand for Ready-to-eat and on-the-go Food products fuels the Market

The market is witnessing robust growth due to the increased consumer demand for convenience food and processed food. Such foods are ready-to-eat without further preparation. Changing consumer lifestyles and urbanization is also influencing the consumption of packaged meals and boosting the sales of the Global Compostable Foodservice Packaging Market. Moreover, the rising concern for the environment is forcing manufacturers and consumers to adopt compostable food service packaging than harmful plastic packaging. With a continuously growing number of working people and rising urbanization, these food consumption patterns are expected to drive the packed food products across the globe. This is projected to propel demand for compostable foodservice packaging significantly during the forecast period (2022-2028).

Rising Manufacturers Focus on Sustainable Packaging Solutions

Many countries across the globe are taking initiatives to promote compostable or biodegradable packaging for the green environment. Foodservice manufacturers are shifting their preferences toward bio-degradable packaging to maintain the quality and freshness of food products. Moreover, to reduce the environmental impact, companies have started to launch a hundred percent bio-degradable plastic-like material, which is made from renewable materials like corn, potato, cellulose, starch, etc.  For instance, Caribbean Containers Inc. launched Eco Pak—a range of products that are hundred percent non-toxic. The containers are 100 percent bio-degradable 90 days after use. Due to the alarming environmental issues due to the plastic waste from foodservice packaging there has been a reduction in the use of plastic and foam packaging.

Expanding Beverages Packaging is Driving the Global Compostable Foodservice Packaging Market

The never-ending ending demand for bottled water and non-alcoholic beverages is surging the compostable packaging in the beverage sector. The increasing high-quality drinking water and the fear of diseases due to drinking polluted tap water fuels the Global Compostable Foodservice Packaging Market. Also, the need to compost these water bottles to reduce the harmful environmental impact aid to increase the usage of compostable packaging. Moreover, the companies in the beverages market, such as PepsiCo, have been using recyclable PET bottles for their beverages. PepsiCo's recyclable PET bottles account for 30% of packaging volume in North America and 7% globally. For instance, in July 2020, PepsiCo joined the consortium of global consumer goods companies, including Unilever, to further develop and scale the world’s first recyclable paper bottle, initially developed by Diageo and Pilot Lite.

Restraints

High Manufacturing Costs Hinder the Market Growth

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. Moreover, there is a need for costly industrial processors and composters, mainly those which require high industrial-scale temperatures to be broken down. Also, the availability of costly equipment for both processing and recycling is a huge problem while manufacturing. Furthermore, it costs 20-50% more to produce compostable plastic than traditional plastic. The cost of producing compostable materials for packaging continues to be higher than conventional packaging. All these factors lead to increase concern among key industry players. But, with improved technologies and more access to materials, this cost can be reduced significantly.

Impact of COVID-19 on Global Compostable Foodservice Packaging Market

The sudden outbreak COVID-19 pandemic both positively and negatively impacted the growth of the Global Compostable Foodservice Packaging Market. The complete lockdown imposed by the government affected all the sectors across the globe. The manufacturing activities declined initially due to disruption in supply chains, and limited labor staff. This declines the growth of the Global Compostable Foodservice Packaging Market. However, after a certain period, the production and supply of Food and Beverages along with pharmaceutical supplies were allowed under strict restrictions. This results in surging the demand for compostable food service packaging during the pandemic, due to increased health awareness. This trend is projected to offer lucrative growth opportunities in the Global Compostable Foodservice Packaging Market during the forecast period (2022-2028).

Global Compostable Foodservice Packaging Market - By Packaging

Based on the packaging, the Global Compostable Foodservice Packaging Market is segmented into Plates, Trays, Bowls, Cups, Pouches & Sachets, and Others. Trays account for the largest market share owing to the large applications of trays such as on-the-go food snacks and confectionery food products. Also, the notable spike in the number of quick-service restaurants (QSRs) is surging the demand for compostable trays. Moreover, increased usage of bio-degradable trays in various food service companies fuels the market growth. All these factors boost the growth of the Global Compostable Foodservice Packaging during the forecast period (2022-2028).

Global Compostable Foodservice Packaging Market - By Material

Based on material, the Global Compostable Foodservice Packaging Market is segmented into Plastic, Paper & Paperboard, and Others. The Paper & Paperboard segment holds the largest market share owing to the cost-effectiveness along with the minimum impact of paper & paperboard on the environment. Moreover, the increasing choice of key industry players for paper & paperboard for producing compostable food service packaging products is the main factor for the expansion of paper and paperboard material usage. All these factors boost the growth of the Global Compostable Foodservice Packaging during the forecast period (2022-2028).

Global Compostable Foodservice Packaging Market – By End User

Based on the end-user, the Global Compostable Foodservice Packaging Market is categorized into Restaurants, Delivery Catering, Independent Stalls & Kiosks, and Others. Among these, Delivery Catering dominates the market owing to the growing popularity of on-the-go cuisine and rising use of compostable trays, bottles, and cups in various catering services. Moreover, due to health concerns sparked by the coronavirus pandemic, a growing reliance on single-use plastic containers, trays, plastic bags, and utensils is having a significant impact on market growth. During the forecast period, all of these factors will contribute to the growth of the Global Compostable Foodservice Packaging Market during the forecast period (2022-2028).

Global Compostable Foodservice Packaging Market – Regional Analysis

Geographically, the Global Compostable Foodservice Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe dominates the market owing to the increasing efforts by European Union on reducing the waste generated through food packaging in the region. Also, the rising environmental awareness and European consumer preferences for compostable packaging products propels the market growth. Moreover, North America is expected to hold the largest market share during the forecast period (2022-2028). This is due to the rising awareness among the consumers and favorable government regulations in the region. According to US Plastic Waste Reduction and Recycling Act, the government aims to reduce plastic waste, encourage research into and technologies for recycling infrastructure, and ensure US leadership in national and international standards development.

Competitive Landscape

The leading market players in the Global Compostable Foodservice Packaging Market 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., Dart Container Corporation, Anchor Packaging Inc., D&W Fine Pack, and Gold Plast SPA.

The market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• February 2021- Mondi Group expanded its release liner range with launch of two new paper-based sustainable EverLiner products - EverLiner Labelite and EverLiner M R, which are created using recycled and lightweight materials. They provide more sustainable solutions in a range of applications.

Scope of the Report

By Packaging Type

• Plates

• Trays

• Bowls

• Cups

• Pouches & Sachets

• Others

By Material

• Plastic

• Paper & Paperboard

• Others

By End User

• Restaurants

• Delivery Catering

• Independent Stalls & Kiosks

• Others

By Region

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East and Africa

1. Research Framework
   1. Research Objective
   2.  Compostable Foodservice Packaging Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Compostable Foodservice Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Compostable Foodservice Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Packaging Type
         1. Plates
         2. Trays
         3. Bowls
         4. Cups
         5. Pouches & Sachets
         6. Others
      2. By Material
         1. Plastic
         2. Paper & Paperboard
         3. Others
      3. By End User
         1. Restaurants
         2. Delivery Catering
         3. Independent Stalls & Kiosks
         4. Others
      4. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Compostable Foodservice Packaging Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Packaging Type
      2. By Material
      3. By End User
      4. By Country
         1. United States
         2. Canada
7. Europe Compostable Foodservice Packaging Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Packaging Type
      2. By Material
      3. By End User
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. Asia Pacific Compostable Foodservice Packaging Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Packaging Type
      2. By Material
      3. By End User
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Compostable Foodservice Packaging Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Packaging Type
      2. By Material
      3. By End User
      4. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. Middle East & Africa Compostable Foodservice Packaging Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Packaging Type
       2. By Material
       3. By End User
       4. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Global Compostable Foodservice Packaging Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Huhtamaki Oyj
    2. WestRock Company
    3. Stora Enso
    4. Georgia Pacific LLC
    5. Be Green Packaging
    6. Berry Global, Inc.
    7. Pactiv LLC
    8. TIPA Compostable Packaging
    9. Genpak, LLC.
    10. Virosac S.r.l.
    11. Dart Container Corporation
    12. Anchor Packaging Inc.
    13. D&W Fine Pack
    14. Gold Plast SPA
14. Key Strategic Recommendations

*Financial in information in case of non-listed companies will be provided as per availability.

**The segmentation and the companies are subjected to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1        Global Compostable Foodservice Packaging Segmentation

Figure 2        Global Compostable Foodservice Packaging Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Compostable Foodservice Packaging Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Compostable Foodservice Packaging Market Share, By Packaging Type, By Value, 2018-2028

Figure 6        Global Compostable Foodservice Packaging Market Share, By Material, By Value, 2018-2028

Figure 7        Global Compostable Foodservice Packaging Market Share, By End-User, By Value, 2018-2028

Figure 8        Global Compostable Foodservice Packaging Market Share, By Region, By Value, 2018-2028

Figure 9        North America Compostable Foodservice Packaging Market Size, By Value (USD Million), 2018-2028

Figure 10       North America Compostable Foodservice Packaging Market Share, By Packaging Type, By Value, 2018-2028

Figure 11       North America Compostable Foodservice Packaging Market Share, By Material, By Value, 2018-2028

Figure 12       North America Compostable Foodservice Packaging Market Share, By End-User, By Value, 2018-2028

Figure 13       North America Compostable Foodservice Packaging Market Share, By Country, By Value, 2018-2028

Figure 14       Europe Compostable Foodservice Packaging Market Size, By Value (USD Million), 2018-2028

Figure 15       Europe Compostable Foodservice Packaging Market Share, By Packaging Type, By Value, 2018-2028

Figure 16       Europe Compostable Foodservice Packaging Market Share, By Material, By Value, 2018-2028

Figure 17       Europe Compostable Foodservice Packaging Market Share, By End-User, By Value, 2018-2028

Figure 18       Europe Compostable Foodservice Packaging Market Share, By Country, By Value, 2018-2028

Figure 19       Asia-Pacific Compostable Foodservice Packaging Market Size, By Value (USD Million), 2018-2028

Figure 20       Te Asia-Pacific Compostable Foodservice Packaging Market Share, By Packaging Type, By Value, 2018-2028

Figure 21       Asia-Pacific Compostable Foodservice Packaging Market Share, By Material, By Value, 2018-2028

Figure 22       Asia-Pacific Compostable Foodservice Packaging Market Share, By End-User, By Value, 2018-2028

Figure 23       Asia-Pacific Compostable Foodservice Packaging Market Share, By Country, By Value, 2018-2028

Figure 24       Latin America Compostable Foodservice Packaging Market Size, By Value (USD Million), 2018-2028

Figure 25       Latin America Compostable Foodservice Packaging Market Share, By Packaging Type, By Value, 2018-2028

Figure 26       Latin America Compostable Foodservice Packaging Market Share, By Material, By Value, 2018-2028

Figure 27       Latin America Compostable Foodservice Packaging Market Share, By End-User, By Value, 2018-2028

Figure 28       Latin America Compostable Foodservice Packaging Market Share, By Country, By Value, 2018-2028

Figure 29       Middle East & Africa Compostable Foodservice Packaging Market Size, By Value (USD Million), 2018-2028

Figure 30       Middle East & Africa Compostable Foodservice Packaging Market Share, By Packaging Type, By Value, 2018-2028

Figure 31       Middle East & Africa Compostable Foodservice Packaging Market Share, By Material, By Value, 2018-2028

Figure 32       he Middle East & Africa Compostable Foodservice Packaging Market Share, By End-User, By Value, 2018-2028

Figure 33       Middle East & Africa Compostable Foodservice Packaging Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Compostable Foodservice Packaging Market Size, By Packaging Type, By Value, 2018-2028

Table 2         Global Compostable Foodservice Packaging Market Size, By Material, By Value, 2018-2028

Table 3         Global Compostable Foodservice Packaging Market Size, By End-User, By Value, 2018-2028

Table 4         Global Compostable Foodservice Packaging Market Size, By Region, By Value, 2018-2028

Table 5         North America Compostable Foodservice Packaging Market Size, By Packaging Type, By Value, 2018-2028

Table 6         North America Compostable Foodservice Packaging Market Size, By Material, By Value, 2018-2028

Table 7         North America Compostable Foodservice Packaging Market Size, By End-User, By Value, 2018-2028

Table 8         North America Compostable Foodservice Packaging Market Size, By Country, By Value, 2018-2028

Table 9         Europe Compostable Foodservice Packaging Market Size, By Packaging Type, By Value, 2018-2028

Table 10        Europe Compostable Foodservice Packaging Market Size, By Material, By Value, 2018-2028

Table 11        Europe Compostable Foodservice Packaging Market Size, By End-User, By Value, 2018-2028

Table 12        Europe Compostable Foodservice Packaging Market Size, By Country, By Value, 2018-2028

Table 13        Asia-Pacific Compostable Foodservice Packaging Market Size, By Packaging Type, By Value, 2018-2028

Table 14        he Asia-Pacific Compostable Foodservice Packaging Market Size, By Material, By Value, 2018-2028

Table 15        Asia-Pacific Compostable Foodservice Packaging Market Size, By End-User, By Value, 2018-2028

Table 16        Te Asia-Pacific Compostable Foodservice Packaging Market Size, By Country, By Value, 2018-2028

Table 17        Latin America Compostable Foodservice Packaging Market Size, By Packaging Type, By Value, 2018-2028

Table 18        Latin America Compostable Foodservice Packaging Market Size, By Material, By Value, 2018-2028

Table 19        Latin America Compostable Foodservice Packaging Market Size, By End-User, By Value, 2018-2028

Table 20        Latin America Compostable Foodservice Packaging Market Size, By Country, By Value, 2018-2028

Table 21        Middle East & Africa Compostable Foodservice Packaging Market Size, By Packaging Type, By Value, 2018-2028

Table 22        he Middle East & Africa Compostable Foodservice Packaging Market Size, By Material, By Value, 2018-2028

Table 23        Middle East & Africa Compostable Foodservice Packaging Market Size, By End-User, By Value, 2018-2028

Table 24        Middle East & Africa Compostable Foodservice Packaging Market Size, By Country, By Value, 2018-2028

Table 25        Huhtamaki Oyj Company Overview

Table 26        Huhtamaki Oyj Financial Overview

Table 27        WestRock Company Company Overview

Table 28        WestRock Company Financial Overview

Table 29        Stora Enso Company Overview

Table 30        Stora Enso Financial Overview

Table 31        Georgia Pacific LLC Company Overview

Table 32        Georgia Pacific LLC Financial Overview

Table 33        Be Green Packaging Group Company Overview

Table 34        Be Green Packaging Financial Overview

Table 35        Berry Global, Inc. Company Overview

Table 36        Berry Global, Inc. Financial Overview

Table 37        Pactiv LLC Company Overview

Table 38        Pactiv LLC Financial Overview

Table 39        TIPA Compostable Packaging Company Overview

Table 40        TIPA Compostable Packaging Financial Overview

Table 41        Genpak, LLC Company Overview

Table 42        Genpak, LLC Financial Overview

Table 43        Virosac S.r.l. Company Overview

Table 44        Virosac S.r.l.  Financial Overview

Table 45        Dart Container Corporation Company Overview

Table 46        Dart Container Corporation Financial Overview

Table 47        Anchor Packaging Inc.

Table 48        Anchor Packaging Inc. Financial Overview

Table 49        D&W Fine Pack Company Overview

Table 50        D&W Fine Pack Financial Overview

Table 51        Gold Plast SPA Company Overview

Table 52        Gold Plast SPA Financial Overview