North America Compostable Foodservice Packaging Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Packaging 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: Jan 2021 | Report Code: TIPRE00018206 | No. of Pages: 115 | Category: Chemicals and Materials | Status: Published
Covid

The compostable foodservice packaging market in North America was valued at US$ 4,051.36 million in 2019 and is projected to reach US$ 6,139.42 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.

Compostable packaging materials are those materials which do not cause any harm to the environment and can easily compost under certain given conditions. These types of packaging materials are composed of organic matter and do not involve the use of fossil fuels in production. This serves as one of the potential benefit for the growth of the market as there is minimum or no need to create burden on fossil fuel. With the growth of foodservice industry along with rising inclination towards environment friendly packaging materials, the use of compostable packaging materials in foodservice has risen considerably. With the rising concerns towards depletion of natural resources coupled with growing focus towards environment sustainability and zero-waste, the use of compostable form of plant-based material is expected to gain traction in foodservice industry.

In 2019, the US contributed to the largest share in the North America compostable foodservice packaging market. The growth of the compostable foodservice packaging market in this country is primarily attributed to a significant shift of the consumers towards convenience food. The population growth, the surge in disposable income, and an increase in the working population are creating a need for more packaged and ready-to-cook food. The busy lifestyle of the working populace has increased the consumption of convenience food, which has boosted the growth of compostable foodservice packaging in the US. The compostable foodservice packaging also provides safety and is hygienic, which are other reasons for the growing demand for compostable foodservice packaging products. The companies present in the foodservice packaging sector continuously focus on new trends and enhancement in food packaging, improving food quality and safety. Besides, with many innovations, like biodegradable plastic and bioplastic that can mitigate environmental risk, hence the demand for plastic material is rising in the US.

The COVID-19 pandemic was first reported in Wuhan, China, in December 2019. The pandemic is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns imposed by governments. Chemical and material is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The US has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the chemicals & materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected and may negatively impact the North America compostable foodservice packaging market.

Geographic Overview of Compostable Foodservice Packaging Market

Market Insights
Advancement and Development in The Packaging Industry
Packaging food materials ensure smooth logistics, also provides adequate product protection, and significantly influences consumer purchasing behaviour. Packaging, therefore, fulfils many different functions, plus 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 North American compostable foodservice packaging market in the forecast period.

Packaging Type Insights
Based on packaging type, the compostable foodservice packaging market is bifurcated into trays, cups and plates, cutlery, clamshell, bowls, and pouches and sachets, and others. The cups and plates segment dominated the market in 2019 and is expected to register a higher CAGR during the forecast period. 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. Environment-friendly cutleries such as disposable plates and cups are considered as a feasible alternative which offers convenience in handling and does not affect environment. The market for cups and plates in North America is primarily driven by the well-established food and beverage industry in the country. Characterized by the hectic lifestyle of most of its population, North America stands as a witness to a steadily increasing fast food consumption. The on-the-go coffee culture has also led to the expansion of prominent coffee shops, which has boosted the sales of cups and plates for serving and packing beverages and snacks. Moreover, numerous eminent brands, such as Starbucks, are replacing plastic packaging with cups and plates, owing to the enhanced focus towards sustainable development. Various market players are also introducing 100% recyclable, compostable disposables made with fiber-based raw materials.

Material Insights
Based on material, the compostable foodservice packaging market is bifurcated into paper and paperboard, compostable plastic (bio-plastic), and others. The paper and paperboard segment led the compostable foodservice packaging market in 2019. Paper sees renewed interest as a packaging alternative, especially in foodservice markets. Functional paper-based boxboard barrier material engineered for takeout food containers and more are certified as compostable. The demand for paper and paperboard have increased with the growing concept towards recyclability and sustainability. The use of paper based packaging helps to effectively renew, recycle and compost the material along with adding the value to the product in rising eco-conscious consumer market. The paper also provides an excellent printing substrate with the potential for high-quality graphics to communicate brand values (and sustainability credentials) virtually in terms of shelf-appeal. Packaging suppliers are switching their focus from plastic to paper and paperboard as it provides environmental benefits in terms of renewability, recyclability, and compostability and is creating a vision of long-term commercial viability in future. Paper-based packaging appears well-positioned for a continued upward trend in a North America market driven by a sustainability plan.

North America Compostable Foodservice Packaging Market, by Packaging Type – 2019 and 2027

Strategic Insights
A few players operating in the North America compostable foodservice packaging market are Genpak, LLC; Good Start Packaging; Dart Container Corporation; Graphic Packaging International, LLC; WestRock Company; Be Green Packaging; Biobag Canada Inc.; ECO PRODUCTS INC. among many others.  Major players in the market focus on strategies such as mergers and acquisitions, and product launch to increase the geographical presence and consumer base globally. For instance, in 2019, Eco-Products, a brand of Novolex, has announced the launch of a line of compostable utensils for use in Cutlerease, a new dispenser offering consumers one fork, knife, or spoon at a time. The patented system improves cleanliness, eliminates waste, saves space and provides consumers with a more efficient way to purchase compostable utensils.

Report Spotlights

  •          Progressive industry trends in the North America compostable foodservice packaging market to help players develop effective long-term strategies
  •          Business growth strategies adopted by developed and developing markets
  •          Quantitative analysis of the market from 2017 to 2027
  •          Estimation of the demand for compostable foodservice packaging across various industries
  •          PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  •          Recent developments to understand the competitive market scenario and the demand for compostable foodservice packaging
  •          Market trends and outlook coupled with factors driving and restraining the market growth
  •          Decision-making process by understanding strategies that underpin commercial interest with regard to the market growth
  •          North America compostable foodservice packaging market size at various nodes of market
  •          Detailed overview and segmentation of the market as well as its dynamics in the industry
  •          Compostable foodservice packaging market size in various regions with promising growth opportunities

North America Compostable Foodservice Packaging Market – By Packaging Type

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

North America Compostable Foodservice Packaging Market – By Material

  •          Paper and Paperboard
  •          Compostable Plastic (Bio-Plastic)
  •          Others

North America Compostable Foodservice Packaging Market – By Country     

  • US
  • Canada
  • Mexico 

Company Profiles

  • Genpak, LLC
  • Good Start Packaging
  • Dart Container Corporation
  • Graphic Packaging International, LLC
  • WestRock Company
  • Be Green Packaging
  • Pactiv LLC
  • Anchor Packaging
  • Biobag Americas Inc.
  • ECO PRODUCTS INC.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           North America Compostable Foodservice Packaging Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Expert Opinion

5.           North America Compostable Foodservice Packaging Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for Foodservice Industry

5.1.2        Advancement and Development in The Packaging Industry

5.2         Restraint

5.2.1        High Price of Compostable Materials for Packaging

5.3         Opportunity

5.3.1        Focus on Sustainable Packaging Aims to Creates Opportunities

5.4         Future Trend

5.4.1        Rising Consumer Demand for Pre-Packed Food

5.5         Impact Analysis Of Drivers And Restraints

6.           Compostable Foodservice Packaging – North America Market Analysis

6.1         North America Compostable Foodservice Packaging Market Overview

6.2         North America Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Global Market Players

7.           Compostable Foodservice Packaging Market Analysis – By Product Type

7.1         Overview

7.2         Compostable Foodservice Packaging Market, By Packaging Type (2019 and 2027)

7.3         Trays

7.3.1        Overview

7.3.2        Trays: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

7.4         Cups and Plates

7.4.1        Overview

7.4.2        Cups and Plates: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

7.5         Cutlery

7.5.1        Overview

7.5.2        Cutlery: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

7.6         Clamshell

7.6.1        Overview

7.6.2        Clamshell: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

7.7         Bowls

7.7.1        Overview

7.7.2        Bowls: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

7.8         Pouches and Sachets

7.8.1        Overview

7.8.2        Pouches and Sachets: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

7.9         Others

7.9.1        Overview

7.9.2        Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

8.           Compostable Foodservice Packaging Market Analysis – By Material

8.1         Overview

8.2         Compostable Foodservice Packaging Market, By Material (2019 and 2027)

8.3         Paper and Paperboard

8.3.1        Overview

8.3.2        Paper and Paperboard: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

8.4         Compostable Plastic (Bio-Plastic)

8.4.1        Overview

8.4.2        Compostable Plastic (Bio-Plastic): Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

9.           Compostable Foodservice Packaging Market – Regional Analysis

9.1         Overview

9.1.1        North America: Compostable Foodservice Packaging Market – Revenue and Forecast to 2027(US$ Million)

9.1.2        North America: Compostable Foodservice Packaging Market, by Packaging Type

9.1.3        North America: Compostable Foodservice Packaging Market, by Material

9.1.4        North America: Compostable Foodservice Packaging Market, by Key Country

9.1.4.1          US: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.1.1          US: Compostable Foodservice Packaging Market, by Packaging Type

9.1.4.1.2          US: Compostable Foodservice Packaging Market, by Material

9.1.4.2          Canada: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.2.1          Canada: Compostable Foodservice Packaging Market, by Packaging Type

9.1.4.2.2          Canada: Compostable Foodservice Packaging Market, by Material

9.1.4.3          Mexico: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.3.1          Mexico: Compostable Foodservice Packaging Market, by Packaging Type

9.1.4.3.2          Mexico: Compostable Foodservice Packaging Market, by Material

10.        Overview- Impact of COVID-19

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Product Development

11.2      Mergers and Acquisitions

12.        Company Profiles

12.1      Genpak, LLC

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.2      Good Start Packaging

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.3      Dart Container Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.4      Graphic Packaging International, LLC

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.5      WestRock Company

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6      Be Green Packaging

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.7      Pactiv LLC

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.8      Anchor Packaging

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.9      Biobag Americas Inc.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.10   ECO PRODUCTS INC.

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

 

LIST OF TABLES

Table 1.             North America: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.             North America Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)

Table 3.             North America Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)

Table 4.             US Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)

Table 5.             US Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)

Table 6.             Canada Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)

Table 7.             Canada Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)

Table 8.             Mexico Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)

Table 9.             Mexico Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)

Table 10.          Glossary of Terms, Global Compostable Foodservice Packaging Market

 

LIST OF FIGURES

Figure 1.           North America Compostable Foodservice Packaging Market Segmentation

Figure 2.           North America Compostable Foodservice Packaging Market Segmentation – By Country

Figure 3.           North America Compostable Foodservice Packaging Market Overview

Figure 4.           Cups and Plates Segment Held Largest Share of North America Compostable Foodservice Packaging Market

Figure 5.           US Held Largest Share of North America Compostable Foodservice Packaging Market

Figure 6.           North America Compostable Foodservice Packaging Market, Industry Landscape

Figure 7.           North America: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           North America Compostable Foodservice Packaging Market Impact Analysis Of Driver And Restraints

Figure 10.        Geographic Overview of Compostable Foodservice Packaging Market

Figure 11.        North America: Compostable Foodservice Packaging Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Compostable Foodservice Packaging Market Revenue Share, by Packaging Type (2019 and 2027)

Figure 13.        Trays: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 14.        Cups and Plates: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        Cutlery: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        Clamshell: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        Bowls: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        Pouches and Sachets: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        Compostable Foodservice Packaging Market Revenue Share, by Material (2019 and 2027)

Figure 21.        Paper and Paperboard: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22.        Compostable Plastic (Bio-Plastic): Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.        Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 24.        North America: Compostable Foodservice Packaging Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        North America: Compostable Foodservice Packaging Market Revenue Share, by Packaging Type (2019 and 2027)

Figure 26.        North America: Compostable Foodservice Packaging Market Revenue Share, by Material (2019 and 2027)

Figure 27.        North America: Compostable Foodservice Packaging Market Revenue Share, by Key Country (2019 and 2027)

Figure 28.        US: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Canada: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Mexico: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in North American Country Markets

The List of Companies - North America 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. Biobag Canada Inc.;
  8. ECO PRODUCTS INC.
  9. Pactiv, LLC
  10. Elk Packaging
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America compostable foodservice packaging market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
TIPRE00018206
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