According to a research survey conducted by ChemView Consulting, in 2022, the Global Compostable Foodservice Packaging Market Market was worth US$ 20.0 Bn and is expected to grow at a CAGR of 5.7% over the forecast period. The market is expected to hit US$ 31.2 Bn by 2030 end.

The growing challenge amongst customers concerning environmental pollution, and the dangerous effect of conventional plastic at the surroundings are growing moneymaking possibilities for producers withinside the Global Compostable Foodservice Packaging Market. Moreover, compostable packaging substances devour much less power at some stage in their manufacture. Also, they're non-poisonous given that they haven't any chemical compounds and are made organically. In addition, compostable plastic breaks down in much less time and is absorbed with the aid of using the soil or transformed into compost, relying at the substances used to make the bioplastic. Thus, compostable foodservice packaging is the excellent green method to decorate the freshness of meals merchandise and to lessen the dangerous effect of conventional plastic. All those elements and growing fitness concerns, in addition to environmental awareness, entice customers to undertake the sustainable meals packaging substances.

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A list of some of the critical suppliers present in the 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.
  • Lollicup USA
  • Clearwater Paper Corporation
  • Kruger Inc.
  • Vegware Ltd.
  • Biopac (UK) Ltd.
  • Ultra Green Packaging. Inc.
  • Eco Products Inc.
  • Sabert Corporation
  • Fabri Kal
  • Verteraa Ltd.

Market Segments Covered in Report

By Packaging Type:

  • Plates
  • Trays
  • Bowls
  • Cups
  • Clamshell
  • Cutlery
  • Pouches & Sachets
  • Others

By Material Type:

  • Plastic
  • Polylactic Acid (PLA)
  • Polyhydroxyalkanoate (PHA)
  • Polybutylene Succinate (PBS)
  • Polybutylene Adipate Terephthalate (PBAT)
  • Starch Blends
  • Others
  • Paper & Paperboard
  • Coated Unbleached
  • Molded Fiber
  • Other Grades
  • Others

By End-Use:

  • Chain Restaurants
  • Non-Chain Restaurants
  • Chain Café
  • Non-Chain Café
  • Delivery Catering
  • Independent Sellers/ Kiosks

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Global Compostable Foodservice Packaging Market Market 2022-2030: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

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About ChemViewConsulting:

ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.

Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.

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