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The international marketplace for compostable meals service packaging is increasing quickly as folks develop into extra conscious of the adverse results of plastic packaging on the setting and ecosystems. Currently, the worldwide shopper packaging market is transferring away from conventional markets and towards rising markets with unexplored areas.
Compostable meals packaging supplies are protected for the setting and easy to eliminate. Compostable meals packaging consists of recyclable and plant-based supplies. The marketplace for compostable meals service packaging is rising as a result of extra analysis and improvement are being finished, and extra folks need eco-friendly packaging.
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Market Drivers
The international marketplace for compostable foodservice packaging is experiencing elevated gross sales on account of altering shopper habits, which influence the frequency with which packaged meals are consumed. India and China are rising in popularity vacationer locations, which is nice information for worldwide meals franchises.
Europe leads the trade as a result of European Union’s elevated efforts to scale back the quantity of waste generated by packaged meals within the area. The market is increasing on account of growing environmentalism and European customers’ need for biodegradable packaging. During the time-frame of the forecast, it’s also anticipated that North America could have the most important market share.
When disposed of below the correct environmental situations, compostable meals packaging might be discarded and reworked again into the soil rapidly and safely. In addition, the worldwide compostable foodservice packaging market is likely one of the fastest-growing industries on account of elements akin to diminished gasoline consumption, compostability, and diminished greenhouse gasoline emissions, amongst others.
While degrading in landfills, some biodegradable plastics, nevertheless, launch methane. Climate change is accelerated by methane since it’s 84 instances extra highly effective and absorbs warmth extra rapidly than carbon dioxide. This would possibly considerably hamper market enlargement.
Compostable meals service packaging corporations are discovering loads of engaging prospects on account of public concern about escalating environmental air pollution and the damaging results of normal plastic on the planet. Compostable packaging supplies additionally use much less vitality in manufacturing. Additionally, as a result of they’re created organically with out the usage of chemical compounds, they’re non-toxic. In addition, based mostly on the elements used to make biodegradable plastic, compostable plastic degrades extra rapidly and is taken up by the soil or reworked into compost. Compostable meals service packaging is essentially the most environmentally accountable option to protect meals items’ high quality and reduce typical plastic’s adverse results. These causes and rising environmental consciousness and well being considerations encourage customers to make use of compostable foodservice packaging supplies.
Another issue that may hinder the market progress is the need of discarding compostable plastic the correct approach as a result of if it lands in ocean waters, it will not be capable of decompose on account of cooler temperatures and pose a better risk to marine life.
Worldwide, the demand for meals service packaging is being pushed by the enlargement of worldwide quick-service eating places (QSRs), akin to McDonald’s and KFC. This allows these QSR chain managers and homeowners to minimise labour bills and make use of accessible sources for enhancing service high quality and providing higher buyer help. These QSRs usually don’t signify any need to spend on sources for cleansing and upkeep of firm containers. Thus, elements together with rising disposable incomes, urbanisation, and shifting consuming patterns proceed to spice up demand for environmentally pleasant compostable packaging, supporting the meals service sector.
Key gamers
Companies akin to 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 amongst different home and international gamers.
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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.Ok, 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 amongst different home and international gamers. |
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 on this report
- COVID 19 influence evaluation on international Compostable Foodservice Packaging trade.
- What are the present market tendencies and dynamics within the Compostable Foodservice Packaging market and precious alternatives for rising gamers?
- What is driving Compostable Foodservice Packaging market?
- What are the important thing challenges to market progress?
- Which phase accounts for the quickest CAGR through the forecast interval?
- Which product sort phase holds a bigger market share and why?
- Are low and middle-income economies investing within the Compostable Foodservice Packaging market?
- Key progress pockets on the premise of areas, sorts, functions, and end-users
- What is the market pattern and dynamics in rising markets akin to Asia Pacific, Latin America, and Middle East & Africa?
Unique knowledge factors of this report
- Statistics on Compostable Foodservice Packaging and spending worldwide
- Recent tendencies throughout totally different areas when it comes to adoption of Compostable Foodservice Packaging throughout industries
- Notable developments happening within the trade
- Attractive funding proposition for segments in addition to geography
- Comparative state of affairs for all of the segments for years 2018 (precise) 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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