Press release
North America Compostable Foodservice Packaging Market Size to Reach US$ 6,139.42 million by 2027
North America Compostable Foodservice Packaging Market
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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.
The COVID-19 pandemic was first reported in Wuhan, China, in December 2019. The outbreak 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 significant sectors suffering severe disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. India has the highest number of COVID-19 confirmed cases in Asia Pacific. The supply chain is disrupted due to the pandemic, which is hindering the country's chemical and material industry. Besides, the restrictions on overall manufacturing processes, research, and development activities are also restraining the growth of the North America Compostable Foodservice Packaging market.
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Company Profiles:
• Genpak, LLC.
• Good Start Packaging.
• Dart Container Corporation
• Graphic Packaging International, LLC.
• WestRock Company.
• Be Green Packaging
• Biobag Americas Inc
• ECO PRODUCTS INC
• Pactiv LLC
• Anchor Packaging
Key Market Segments:
Based on packaging type, the North America compostable foodservice packaging market is bifurcated into trays, cups and plates, cutlery, clamshell, bowls, pouches and sachets and others. The cups and plates segment dominated the market in 2019, and it is expected to witness a higher CAGR during the forecast period. The North America compostable foodservice packaging market, by material, is bifurcated into paper and paperboard, compostable plastic (bio-plastic) and others. In 2019, the paper and paperboard segment dominated the market.
North America Compostable Foodservice Packaging market- By Packaging Type
1. Trays
2. Cups and Plates
3. Cutlery
4. Clamshell
5. Bowls
6. Pouches and Sachets
7. Others
North America Compostable Foodservice Packaging market- By Technology
• Paper and Paperboard
• Compostable Plastic (Bio-Plastic)
• Others
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Reasons to buy the report:
Determine prospective investment areas based on a detailed trend analysis of North America Compostable Foodservice Packaging market over the next years.
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Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
Identify the major channels driving the North America Compostable Foodservice Packaging market, providing a clear picture of future opportunities that will help analyse, resulting in revenue expansion.
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