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Compostable Foodservice Packaging Market Share

Report ID: GMI6297
Published Date: Jul 2023
Report Format: PDF

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Compostable Foodservice Packaging Market Share

Some key participants in the compostable foodservice packaging market include

Biosphere Industries, LLC
Anchor Packaging Inc.
Eco-Products, Inc.
Genpak
BioBag Americas, Inc.
Graphic Packaging International, LLC
Berry Global
Novolex
Dart Container Corporation
Biogas Americas Inc.
Good Start Packaging
ECO PRODUCTS INC
Be Green Packaging LLC
Huhtamäki
Georgia-Pacific
WestRock Company
Virosac
BioGreen
Elevate Packaging
Smurfit Kappa
WestRock
Mondi
Stora Enso Oyj

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of compostable foodservice packaging was valued at USD 17.8 billion in 2022 and is anticipated to witness 5% CAGR from 2023 to 2032, due to the surging levels of environmental concerns coupled with the rising greenhouse gas emissions on account of improper packaging practices.

The plastic material segment recorded 45% of the market share in 2022, driven by the rising popularity of bio-plastics from sources, such as sugar beets and seaweed.

North America market size reached USD 6.7 billion in 2022 and is expected to record significant expansion through 2032, owing to the surging awareness of environmental issues in the region.

Some of the prominent industry players include Anchor Packaging Inc., Eco-Products, Inc., Genpak, BioBag Americas, Inc., Graphic Packaging International, LLC, Berry Global, Novolex, Dart Container Corporation, and Biogas Americas Inc.