Compostable Food Service Packaging Market Latest Advancements and Business Opportunities 2029

The foodservice industry is expected to witness growth during the forecast period, owing to the improvements in the economic conditions of developing countries, fast-paced lifestyles, and rapid urbanization. On-the-go meal trend is increasingly growing across a lot of countries.

Worldwide sales of compostable food service package 2018 reached about 6.4 million tons in , 16.7 billion US dollars equivalent to the equivalent of sales you. As the end-user quest for sustainable packaging grows, manufacturers may witness a period of sustainable demand in the future.

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With the advent of “take-out” and “grab and go” services, the expansion of the food service industry will continue to provide potential growth prospects for the market. However, the price of producing compostable materials for packaging remains higher than traditional variants, which can pose a threat to the growth of the compostable food service packaging market.

Tray continues to take precedence over other package formats

According to the survey, the composite food service packaging market in 2029 to about 5 percent of the estimated to grow at a CAGR have. One of the major growth drivers is the marked surge in the number of quick service restaurants (QSRs), especially in developing countries. This is in line with today’s convenience and culture on the go. In addition, the increasing adoption of food service disposables is increasing in light of the increasing demand for prepacked foods, providing a basis for the widespread use of compostable food service packages.

Key segment
By packaging type-
plate
tray
bowl
cup
Clamshell
cutlery
Pouch & sachet
others

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By material-
plastic
People’s Liberation Army
step
PBS
PBAT
Starch blend
others

Paper and paperboard
Coated unbleached
Molded fiber
Other grades
others

End use-
Chain restaurant
Non-chain restaurant
Chain cafe
Non-chain cafe
Delivery catering
Independent stalls and kiosks
others

Research shows that compostable trays continue to occupy a relatively large share of the manufacturer’s revenue, but this category is witnessing rising demand from many end-use sectors, so compostable cups. The focus is on increasing production. As the search for sustainable solutions expands, companies operating in the packaging industry launch many products made entirely from plant-based materials, such as mushroom roots, bagasse, seaweed, and corn-derived starch. I’m starting to do it.

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As the report states, the growth prospects for compostable food service packages are high in EU5 and the United States. .. In addition, market integration in the Asia-Pacific region, especially in the South, continues to be the key to gaining a clear competitive advantage as the trend for eating out and online ordering is skyrocketing across the region.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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This release was published on openPR.