Compostable Foodservice Packaging Market Analysis to 2028

Compostable Foodservice Packaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Trays, Cups and Plates, Cutlery, Clamshell, Bowls, Pouches and Sachets, and Others) and Material [Paper and Paperboard, Compostable Plastic (Bio-Plastic), and Others]

Publication Month : Mar 2023

  • Report Code : TIPRE00029846
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 153
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The compostable foodservice packaging market size is expected to grow from US$ 17,291.24 million in 2022 to US$ 23,272.61 million by 2028; it is estimated to register a CAGR of 5.1% from 2022 to 2028.

Packaging the food materials ensures smooth logistics. It also provides adequate product protection and significantly influences consumer purchasing behavior. Packaging, therefore, fulfills many different functions, and it also meets an endless diversity of customer requirements. The recent increase in incomes in developed countries has led to a rise in living standards that includes significantly higher consumption of packaged foods. As a result, food safety guidelines have been more stringent than ever. Since packaging first became a “thing” on the internet of things, its role in the customer journey has extended far beyond the shelf. This has had a transformative effect in several ways, including smart packaging, which helps cut down food waste in complex, global supply chains. Technology is also improving the packaging industry. Advancements in plastic and paper chemistry now allow recycling to be more comfortable and more convenient than ever. Thus, advancement and development in the packaging industry have boosted the global compostable foodservice packaging market growth.

In 2022, Asia Pacific held the largest share of the compostable foodservice packaging market and is estimated to register the highest CAGR during the forecast period. Companies in the region are continuously enhancing the overall business processes to meet customers' demand for high-quality products and services in the best possible way. Asia Pacific continues to complement market growth due to the wide acceptance of certified compostable foodservice ware that meets regulatory requirements. The Asia Pacific compostable foodservice packaging market is primarily driven by factors such as a significant shift of consumers toward convenience food and on-the-go lifestyles. Moreover, increasing preference for ready-to-eat food and changing consumer demand patterns regarding food packaging drive the demand for compostable foodservice packaging in the region.

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Compostable Foodservice Packaging Market: Strategic Insights

compostable-foodservice-packaging-market
Market Size Value inUS$ 17,291.24 million in 2022
Market Size Value byUS$ 23,272.61 million by 2028
Growth rateCAGR of 5.1% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Compostable Foodservice Packaging Market

Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA). The crisis disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. Further, the international travel bans imposed by various governments in Europe, Asia Pacific, and North America forced several companies to discontinue their collaboration and partnership plans. All these factors hampered the packaging industry in 2020 and early 2021, thereby restraining the growth of various markets related to this packaging industry, including the compostable foodservice packaging market.

Before the COVID-19 outbreak, the compostable foodservice packaging market was mainly driven by the rising demand from the hotel industry. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic disrupted the supply chain of key raw materials and disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. Such factors reduced the production of sustainable packaging products, including compostable packaging.

Compostable Foodservice Packaging Market Breakdown, by Region

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Market Insights

Strategic Developments by Key Players Favor Compostable Foodservice Packaging Market Growth

Key market players are adopting various marketing strategies such as product launches, mergers & acquisitions, and collaborations. Such strategic developments by key players in the market are expected to fuel the growth of the compostable foodservice packaging market.

Product Type Insights

Based on product type, the compostable foodservice packaging market is segmented into trays, cups and plates, cutlery, clamshell, bowls, pouches and sachets, and others. The cups and plates segment held the largest market share in 2022, and the bowls segment is expected to register the highest CAGR during the forecast period. Bowls are highly popular as a convenient and cost-effective biodegradable packaging solution for the compostable food services packaging market. Apart from functional attributes such as low costs and food hygiene, easy stackability and grab-and-go feature of bowls also contribute to their increasing demand across the globe.

Compostable Foodservice Packaging Market, by Product Type– 2022 and 2028

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Genpak, LLC; Good Start Packaging; Dart Container Corporation, Graphic Packaging International, LLC; WestRock Company; Be Green Packaging; Pactiv LLC; Anchor Packaging; Biogas Americas Inc.; and ECO PRODUCTS INC. are among the major players operating in the compostable foodservice packaging market. These companies mainly focus on product innovation to expand their market size and follow emerging market trends.

Report Spotlights

  • Progressive industry trends in the compostable foodservice packaging market to help companies develop effective long-term strategies
  • Business growth strategies adopted by the compostable foodservice packaging market players in developed and developing countries
  • Quantitative analysis of the market from 2020 to 2028
  • Estimation of global demand for compostable foodservice packaging
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the compostable foodservice packaging market
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, as well as factors driving and restraining the growth of the compostable foodservice packaging market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
  • Size of the compostable foodservice packaging market at various nodes
  • Detailed overview and segmentation of the market and growth dynamics of the compostable foodservice packaging industry
  • Size of the compostable foodservice packaging market in various regions with promising growth opportunities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, and Material

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global compostable foodservice packaging market?

Some of the major players operating in the global compostable foodservice packaging market are Genpak, LLC; Dart Container Corporation; Graphic Packaging International, LLC; WestRock Company; Be Green Packaging; amongst others.

What are the opportunities for compostable foodservice packaging in the global market?

The focus on sustainable packaging as well as rising number of foodservice establishments offering delivery and catering options, is expected to create lucrative opportunities to the global compostable foodservice packaging market during the forecast period.

Based on the product type, why does the cups and plates segment have the largest revenue share?

Cups and plates are leak-proof disposables and eco-friendly, which are made out of recycled paper. The rising demand for eco-friendly, sustainable, and safe cutlery, owing to increasing restaurants, fast food joints, and cafeterias, drives the need for compostable plates and cups.

What is the largest region of the global compostable foodservice packaging market?

Asia Pacific compostable foodservice packaging market is expected to surge due to the rising consumer preference for ready-to-eat food and takeaway. This can be attributed to changing lifestyles, increasing disposable incomes, and rapid urbanization, mainly in emerging economies. Therefore, Asia Pacific accounts for the largest share of the global compostable foodservice packaging market.

Based on material, which is the fastest-growing segment in the compostable foodservice packaging market?

Based on material, compostable plastic (bio-plastic) is the fastest-growing segment. Compostable or biodegradable bioplastics, most commonly used for utensils, are marketed as a sustainable alternative to single-use plastic. Therefore, a large number of retailers and foodservice industries are focusing on the environmentally compatible packaging, which in turn is driving the segment’s growth.

The List of Companies - Compostable Foodservice Packaging Market

  1. Genpak LLC
  2. Good Start Packaging
  3. Dart Container Corporation
  4. Graphic Packaging International LLC
  5. WestRock Company
  6. Be Green Packaging
  7. Pactiv LLC
  8. Anchor Packaging
  9. Biobag Americas Inc
  10. ECO PRODUCTS INC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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